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Using the Human Capital theory:
1. Describe why firms in developing countries are more paternalistic.
2. Describe why teenagers tend to accumulate low wages yet proportionally higher human capital than adult workers.
3. Describe why some people who stay in college longer must be paid longer (and visa versa).
4. Describe why people who have greater natural ability are (should be?) paid more and/or given more opportunities to develop their human capital.
5. Describe why a person might become a professor, even though PhD's typically require more time and research than M.B.A.'s, law degrees, and even some other doctorates (like PsychD's)?
Assume which, in the efficiency wage model, it becomes more difficult for the ?rm to distinguish high-ability workers from low-ability workers in the labor market.
If nominal GDP in some year is $280 and real GDP is $160. The GDP price index for that year is.
President says that wages probably should be cut so that workers could not afford to miss so much work. Evaluate two views utilizing income and substitution effects in your analysis.
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
In what sense can this be said to be unfavorable to the trade partner. Does this mean that the welfare of the trade partner has definitely declined.
Explain due to a growing US economy, the overall market demand for nails will increase by 2%. Based on this information, should you plan to increase or decrease your production of nails.
If the market is made up of 100 individuals with demand curves identical to Mr. Smith's, Illustrate what will be the point also arc elasticity for the conditions specified in parts a also b
If the Treasury has just paid for a supercomputer and as a result its deposits with the Fed fall, illustrate what defensive open market operations will the manager of the open market desk undertake.
An average worker in Brazil can produce an ounce of soybeans in 20minutes and an ounce of coffee in 60 minutes, while an average worker in Per can produce an ounce of soybeans in 50 minutes and anounce of coffee in 75 minutes.
Illustrate what type of industry benefits the most from technological innovation? Select an article from either either a peer reviewed or current popular periodical on an industry of your choice and discuss this question from the perspective of th..
a competitive industry is comprised of 15 identical firms, each with a short-run total cost function
Write down Mareko's intertemporal budget constraint in future value terms. How much pineapple will Mareko consume in each period.
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