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The Lorenz curve is criticized for all of the following EXCEPT
that it does not account for the size differences of households.
that it does not account for age differences of households.
that it does not account for the impact of trade on the standard of living.
that it excludes transfers-in-kind income.
By how much will total economic surplus change if the city council passes a law requiring employers to include full reimbursement
You pay $100 for a 10 year 6% coupon bond with a face value of $100. You hold the bond for one year and then sell it (you buy a 10 year bond then a year later you sell a 9 year bond). If interest rate falls from 6% to 5% what is your return from hold..
If shoes and socks are complements and both are normal goods, show graphically what would happen to the consumption of shoes and socks if the price of shoes decreased. consumer incomes increased.
What are potential reasons for income inequality across the economy. In some of our efforts to improve income inequality can we negatively impact productivity?
An argument can be made that the Government could improve consumer welfare by requiring companies to provide accurate information to consumers about their products. Should the Government increase, decrease or remain the same in its level of intervent..
q.suppose a firms production function is q2kl2-l3and its quantity of capital is fixed at k6 in the short-run.a. find
What arguments can be made for charging a lower than the profit-maximizing price. What price from the available prices do you recommend.
In this table below, Agoira moves from a command system to a market system
If each test provides$6 net marginal revenue before labor and capital costs, is expansion advisable? Show all your work and explain your answer well.
In 2012, the box industry was perfectly competitive. The lowest point on the long-run average cost curve each of the identical box procedures was $4, and this minimum point occured at an output of 1,000 boxes per month. What was the equilibrium price..
Select an economic problem or theory and discuss how dummy variables could be applied. Determine the value that dummy variables would add to your analysis (think outside the box on this one – avoid obvious examples like gender, race, etc.).
Draw a diagram to Explain how effect of advance of technology in labour market.Illustrate what is when-to-work decision when technology advances.
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