Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The chart below shows the annual earnings of a worker and the level of the consumer price index (CPI). Use this information to answer questions 1 through 3.
Year Earnings CPI
1994 $50,600 200.00
1995 $52,000 202.00
1996 $52,000 210.00
1997 $53,560 214.2
1. In which year was the rate of inflation the highest?
A. 1995
B. 1996
C. 1997
D. Cannot tell without knowing the base year.
2. In which year was the worker's real earnings the highest?
A. 1994
B. 1995
C. 1996
D. 1997
3. What was the approximate percent change in the worker's real earnings from 1996 to 19977?
A. +5%
B. +3%
C. +2%
D. +1%
E. -1%
The desire to maximize profits can work against racial and other types of discrimination. To see this, consider two equally productive accountants named Ted and Jared. Ted is black, and Jared is white. Both can complete 10 audits per month. If the fi..
House of Cards (a) Frank Underwood and Raymond Tusk need to negotiate the terms of a potential alliance. You are told the following: (i) Both of them need to decide whether or not to compromise. Formulate this situation as a strategic game and find a..
A firm under monopolistic competition reaches equilibrium in the short run at a point where:
What is the difference between a union shop and a closed shop? Which did the Taft-Hartley Act make illegal? How have more recent laws changed the role of unions?
"Politics is too often the thing that gets in the way of good economic policy being implimented" The economist who said this most likely. The lower the market price of water, the ___________ the ____________ surplus.
What are some aspects of Judaism and Christianity that have not had success in expression in the real world of politics and conflict in the Middle East?
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
Which of the following is a payroll tax?
Give an example of a contemporary commercial bank and a contemporary monetary savings bank and explain why they qualify as such?
A firm in the market for designer jeans has some degree of monopoly power. The demand curve it faces has a price elasticity of demand of -2, while the price elasticity demand of the market is -1.25. Moreover, the firm has a constant marginal cost of ..
You serve 3,000 price pay patients and 1,000 HMO members. Fixed costs are $500,000, incremental costs is $50. You currently charge private pay patients $75 and HMO members $60....
Suppose that the representative consumer's preferences change, in that his or her marginal rate of substitution of leisure for consumption increases for any quantities of consumption and leisure. Explain what this change in preferences means in more ..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd