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Question: 1. Discuss how both unions and firms can be better off if they move off the demand curve. Derive the contract curve.
2. Discuss the difference between efficient contracts and strongly efficient contracts.
3. What is the Hicks paradox?
4. Describe how employers "choose" the optimal length of a strike in a model where there is asymmetric information.
give the cost-benefit analysis for the company which has to decide whether to hire more staff or hire temporary workers
Provide at least three reasons why microfinance can potentially benefit women. Provide at least three reasons why, relative to men, women may be better.
Indicate how an increase or decrease each of the following factors would encourage a worker to retire at an earlier age? Present value of total social security benefits
Describe the difference between movement along the demand curve and a shift in demand. Provide an example to help the class understand the difference between the two.
Note that the first set of numbers represents the various incomes; whereas the second set of numbers represents the number of people earning each of these incomes. For example, in Avataria there are 50 people with the income of $100, 25 people wit..
Draw a short run firm and industry competitive equilibriums for a perfectly competitive gator farming industry before the number of alligators farms.
explain how the market system provides a strong incentive for technological advance and creative destruction. within
Examine the U.S. Government's support during the Great Depression for programs, such as the Federal Arts Project, the Federal Writers' Project.
Suppose that in the hypothetical country of Vanadia, picture frames are distributed based on government policy. This system of distributing goods gives the residents of Vanadia an incentive to spend timea) earning money b) lobbying government officia..
hyundai motor company hmc went through some difficulties during the 1980s and 1990s that affected its market position
Does it make more sense to spend time debating the actual budget deficit or the standardized employment budget deficit? Explain.
Explain the impact of the concepts of asymmetric information, political economy, and behavior economics, to describe how consumers make economic decisions.
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