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What do you think is a better variable to measure worker productivity during work,and how would you be able to measure that variable?
This is a point I find very confusing and very hard to justify to students. Depending on the books, one finds many different conventions regarding the sign of elasticities and marginal rate of substitution (MRS). Some define them taking absolute valu..
How do two relate among each other in the Circular Flow Economy and to the Government and Foreign Sector components. How does all this fit on a Wheel of Income.
What are the advantages of having each school design its own policy, standards, and curriculum?''
Using demand–supply diagrams in the labour market show what it means that the market “clears”. Label the axes carefully.
Paul Schumer and Jim Miller, two analysts at a research institute, discuss the rising costs of higher education in their country. Paul feels that escalating tuition fees in colleges and universities are indicative of a bubble in the higher education ..
The Average Total Cost curve must be rising. The Average Total Cost curve must be below the Marginal Cost curve. The Average Total Cost curve must be above the Marginal Cost curve.
Each? month, 35 new people? (not including the 23lacking required? skills) continue to become? unemployed, but each monthly group.
Illustrate what price should he charge each group if he needs to maximize revenue collected from ticket sales.
The citizens of Western are trying to decide how to allocate the extraction of (non- renewable resource) zoil over two periods. There are (total supply) 100 units of zoil located in Western. The marginal costs associated with extracting the zoil are ..
A firm is considering two options for improving the security of its employee accounts from remote compromise. The firm calculates that the probability of compromise without enacting any additional security measures is 0.5, and that successful atta..
Suppose the economy is in long-run equilibrium. (a) Draw the economy’s short-run and long-run Phillips curves. (b) Suppose a wave of business pessimism reduces aggregate demand. Show the effect of this shock on your diagram from part (a).
Explain how in the IS-LM model an expansionary monetary policy affects economic activity and under what conditions this policy will be more or less effective.
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