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Assume a country where the workforce includes a large proportion of workers coming from other foreign countries. Due to the pandemics, borders have closed, and all these workers employed in a country, are going back to their home country. Assume that there is no minimum wage, and that the wage is determined by market conditions. It means that there is initially no unemployment. What is the impact of closing borders on the supply and demand of labour? What is the impact on the wage, the labour force, the employment rate, the unemployment rate?
Paula has set aside $60 monthly budget to attend plays and watch movies. She likes plays exactly three time as much as she likes movies. (Plays and movies are perfect substitutes with 1 to 3 ratio.) Draw her indifference curves. If plays tickets cost..
1. (a) Name two of the government's fiscal policy options for ending a severe recession?
For each of the following, state whether it is considered money in the United States. Explain why or why not. The available credit you have on your Master Card. Federal Reserve notes in your wallet. Reserves held by banks at the Federal Reserve Bank.
There is a direct relationship between a growing real GDP also rising pollution. Growth provides an economic environment favorable to education also self-fulfillment.
Say one has a large data set of cross-sectional data over a number of years (independently pooled cross section across time). If one regresses a subset of that large data set – a cross-sectional model for the data for one year with no year dummy vari..
Some would argue that the business side drives things. Business drives employment which permits consumers to consume. Would you agree?
Blossom Biotech management plans a $100 million IPO in which the offering price to the public will be $50 per share.
How do these things affect the U.S market of foreign-currency exchange and on net capital outflow (NCO): A tax reform that imposes higher capital gains tax to Americans involved in offshore banking?
How could war stimulate the economy? Explain in detail, making sure to mention the impact government purchases have on Gross Domestic Product (GDP). Also, make sure you make mention of how government purchases affect the private sector. Finally, desc..
How does an increase in the currency-deposit ratio affect the money multiplier? What is the effect of an increase in the reserve-deposit ratio? Explain the direction of changes in both cases in terms of bank balance sheets and the ability of banks to..
This year is expected to be a great one for selling walking shoes in Georgia. At very low prices, only the most efficient shoemakers are able to sell. There are two shoe producers that operate with the most cost-effective equipment and skilled person..
William owns just one ship. Ship is worth 200 million dollars. The probability the sink will ship is .02. His total wealth including the value of the ship is 225 million. U(W) is equal to the squre root of W. What is the maximum amount that william w..
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