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Assignment:
1. One labor economics model predicted that workers who were paid wages less than they could get in comparable jobs elsewhere would tend to quit and seek higher-paying jobs. Suppose we observe a worker who, after repeated harassment from her boss, quits a Php1, 200 /day job to take another paying Php850/day.
a. Is this employee's behavior consistent with the economic model of job quitting?
b. Can we test to see whether this employee's behavior is consistent with the assumption of rationality?
c. Suppose the boss in question had harassed other employees but this subject employee was the only one who quit. Can we conclude that economic theory applies to the behavior of some people but not to others?
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In this assignment, you will study the tariffs and trade policies that your countries and regions have in place. DePaul University. Econ 340.
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