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What effect will each of the following have on wage inequality in the economy of a certain country?
a. An increase in the real value of the minimum wage.
b. A decrease in unionization rates among college educated workers.
c. A reduction in the number of illegal immigrants, assuming that illegal immigrants have relatively low skills compared to citizens of the receiving country.
How can sample data support or inform economic decision making within an organization?
Neoclassical economics assumes rational behavior from actors (consumers and suppliers) as well as profit maximizing behavior. These assumptions make sense (do we want to assume people are irrational - how do you study that) but are they real.
Large-scale wars typically bring a suspension of international trading and financial activities. Exchange rates lose much of their relevance under these conditions, but once the war is over governments wishing to fix exchange rates face the problem o..
After reading about the history of welfare in the USA, describe in your own words how our current welfare system came to be. What are your thoughts about Sweden's welfare system? How would creating a similar system in the USA impact the field of huma..
Colgate ( the tootpaste company) should spend more on advertising than Coca-Cola, if we consider the advertising expenditures as a percentage of sales. Why, or why not? Provide one argument pro and one against advertisng. Illustrate with at least one..
Illustrate the supply and demand graph. Assume this graph is the market for soda. Illustrate what you anticipate would happen if consumers suddenly decided that they no longer wanted to drink soda
What fraction of the processor load is consumed by all of the keystroke processing?
Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U are interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the prob..
Taxes increase
Use the interest rate lattice to determine the price and yield of zero-coupon bonds that mature in years 1, 2, 3, 4, and 5
(The Long-Run Industry Supply Curve) A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium
Why is there so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency? Why might it be excessive at times?
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