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Monopolies and minimum wages
Using an appropriate diagram, show and explain briefly how a rise in the minimum wage could result in higher employment in a monopolistic labor market. Could a similar increase in employment accompany the rise in the minimum wage if the labor market is not monopolistic? Explain your reasoning.
The Government budget has been making at a deficit of approximately $60 billion for the last year, up from $50 billion the previous year.
Compute the velocity for the two countries in 1985. Explain why do you think the velocity was so much higher in Brazil.
Utilizing the expectations hypothesis and the Taylor rule provide an interpretation of this comment in the article.
Milton Friedman faiths in a steady growth monetary policy. Illustrate what does that mean and critique this approach.
Economic forecasters predicted that consumption also GDP would increase because of higher refunds on income taxes.
Assuming that labor accounts for 80% of country Y's gross domestic product, compute immigrant surplus as a share of national income.
Asume that an individuals inverse demand for wireless services in the greater Atlanta.
Describe why the following statement is true: It is possible for average variable cost (AVC) to rise while average total cost (ATC) declines.
A child of a wealthy family is deciding either to work or not work also mooch off her parents. Asume that she is offered a job which pays.
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input? What will happen to the labour demand if price of the output goes up?
Characterize each of the following statements as true or false, and explain your answer.
One Chicago has just a new single-stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year.
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