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The labor market is traditionally protected by union in many industries such as automobile and K-12 education (public schools)? What are the pros and cons of unionizing a workforce? What about minimum wage rate? What are the pros and cons? Do you favor one over the other in both of these two areas pertaining to the labor market?
Explain why would this be described as a Prisoner's Dilemma game.
Calculate the nominal GDP in 2005 and 2006 Tropic Republic and calculate the GDP in 2006 using the method of the base year prices.
Japanese consumers or Japanese rice farmers If we added all the gains and losses to the Japanese,would there be a net gain or net loss Who would make a greater effort lobbying for or against this reduction in trade barriers: Japanese consumers or ..
One person proposes an allocation (both objects go to person 1, both go to person 2, one goes to each person), which the other person then either accepts or rejects. In the event of rejection, neither person receives either object.
Explain how has the relative composition of M1 changed since 1965? Do your best to explain why this change has occurred.
Given the table of marginal utilities for CD's and century books, calculate the optimal quantity and total utility at equilibrium. Draw Sarah's budget line for part a and her budget line for part b on the same graph.
Illustrate what are the effects on American wages and purchasing power of the continued outsourcing of labor overseas. What are some of the reasons for these trends.
A country has the per-worker production function, y=5k^1/2, where y is the output per worker and k is the capital- labor ratio. The depreciation rate is 0.15 and the population growth rate is 0.05. The saving function s=..
Two identical firms face linear demand. Market demand is given by P=30-Q.Solve for Stakelberg equilibrium prices and outputs.
The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue. Since most bidders are large telecommunications co..
Assuming that the beekeeper gets that amount, what range of payments will the farmer accept (Remember that negative payments are also possible.) Answer the same questions for the fifth day.
Suppose that the money market is initially in equilibrium and that money supply is then raised. Explain the adjustment toward a new equilibrium interest rate.
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