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Question: 1. What is the capital-skill complementarity hypothesis?
2. Show how the minimum wage creates unemployment in a competitive market.
3. Discuss the impact of the minimum wage when there are two sectors in the economy, the covered sector (which is subject to the minimum wage) and the uncovered sector (which is not).
4. Summarize the evidence regarding the impact of the minimum wage on employment.
5. How does the firm adjust its employment if it is costly to hire and fire workers?
open the microsoft excel workbook interactive model economics.xls.on the first tab you will see a figure similar to
The line d-f in graph 1-1 is the demand for labor in the industrial sector of the economy. What causes it to shift out to d'-f'. What is the difference between redundant labor and disguised unemployment
Now suppose the two doctors play this game twice. Also, suppose each doctor can play one of two strategies: it can play either "always charge the low price" or "tit for tat"- that is, it starts off charging the high price in the first period
The case study presented in the chapter discussed cigarette taxes as a way to reduce smoking. Now think about the markets for other tobacco products such as cigars and chewing tobacco.
If the economy is initially on a balanced growth path that is dynamically efficient, how does a marginal increase in T affect the welfare of current and future generations? What happens if the initial balanced growth path is dynamically inefficien..
Identify the 5 Ks of Sikhism, and explain which one intrigues you the most - Explain at least three ways that social trends affect the formation of new religions and dictate new religious movements.
Please develop a concise-but-thorough PowerPoint presentation on "The World Bank" that does not exceed five (5) slides. Slide 1.
Is Margaret's behavior regarding the cost information she provided to Susan unethical? Explain your answer.
Explain why an indifference curve is convex to the origin?
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Your company manufacturers controllers utilized in the production of commercial air conditioning units and currently selling them at $50 each. Marginal costs are $30 for production up to 10,000 units per month. Production cannot be pushed beyond 10,0..
The US goverment offers significant per-unit subsiy payments to US sugar growers. Describe the effects of the introduction of such subsidies on the market of sugar and the market of artificial sweeteners.
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