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1. The minimum wage in Quebec was $8 in 2010 and is $13 in 2020. The CPI in 2010 was 127.5 and in 2020 is 158.6. What is the percentage change in real wages between 2010 and 2020?
2. Workers in the health industry earned $18,500 per year in 1980 and $34,200 per year in 2010. The CPI is 1980 and 2010 were 78 and 122 respectively. In which year did health care workers earn more?
Aaron and Barry, living close to the entrance to the Yosemite National Park, sell the same kind of drinking water to tourists. Every day in the morning, Aaron carries some water to the park. Barry, observing how much water Aaron brings to the park, d..
Discuss at least two self-interested reasons that a top earner might favor policies to redistribute income.
The Federal Reserve sells $100 million bonds to Bank of America. Show the immediate change in the balance sheet of Bank of America due to this transaction. Consider the unusual scenario that the public holds no currency and that the banks typically l..
Which of the following is true regarding Kitty's statement that she had no personal liability?
Pick a company of your choice and discuss how IoT, big data, and augmented reality can be used enhance its value chain.
Why transferring funds from saving account to the checking account will increase M1? in this case what would be happened to M 2 and M3?
Why might a multinational corporation with identical plants in different countries pay different wage rates to workers in the two different countries even though their skill levels are the same? Does this strike you as unjust? Why might the higher-pa..
Explain the disagreement between these two authors and describe how their beliefs about human society inform their central theories.
How would you determine the demand for a factor of production? What factors influence the supply and demand for labor? Examine how those factors impact market demand for labor. How do labor unions try to increase the demand for labor? What has made l..
The demand for a product is Qd=A-BP, where P is its price and A and B are positive numbers. Suppose that when the price is $35 the amount demanded
Suppose the economy is in the long-run equilibrium. Draw a diagram to illustrate the state of the economy. Be sure to show aggregate demand, short-run aggregate supply, and long-run aggregate supply.
Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of $1100 in each of the last 3 years. If this year's profit (end of year 1) is expected to be $6000 and the profit trend continue..
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