Reference no: EM131403251
Q1) Use the information in the graph below to answer the following questions.
a. What is the quantity of labour employed at the equilibrium wage rate?
b. If minimum wage laws are imposed at a wage rate of Wm, what would be the quantity of labour demanded?
c. How many people would become unemployed as a result of the minimum wage?
d. Of those who became unemployed, how many had a job and then lost that job as a result of the minimum wage?
e. Why may firms choose to pay their employees above equilibrium wages?
Q2) Research and development is an important element for a country's continued growth and development. Some argue for extending patent protection, while others argue for limiting it. How may patents contribute to improved productivity and thus economic growth? How may patents contribute to decreased productivity, thus stifling economic growth?
Q3) Suppose Singaporeans become thriftier, consuming a smaller percentage of their income and saving a larger percent. Assume that the government budget position remains unchanged. Consider the impact in the loanable market by answering the following questions.
a. Does the supply of or demand for loanable funds shift? Does it shift to the right or the left?
b. What is the impact on real interest rates as a result of part (a)?
c. What happens to the demand for loanable funds as a result of the change in real interest rates?
d. What is likely to happen to economic growth as a result?
Q4) President Trump has been advocating protectionist trade policies for the United States. Discuss the potential costs and benefits of applying a protectionist trade policy in a country by dramatically increasing tariffs (don't forget to consider the long-run).Your discussion should be approximately half a page in length.
|
Provide a set of data that could have led to given display
: From this display, is it possible to determine the exact values in the original data? If so, list the data values. If not, provide a set of data that could have led to this display.
|
|
Explain where did the firms operating funds come from
: FINC324- Where did the firm's operating funds come from? On what did the firm spend its funds? Where did they get their financing and what did they pay off? What was the overall change in cash?
|
|
Draw some hypothetical indifference curves for john q
: How will these choices change if his income increases to $140? Is either good an inferior good? c. How will these choices change if gasoline price rises to $3.00 per gallon?
|
|
Provide a set of data that could have led to given display
: From this display, is it possible to determine the exact values in the original data? If so, list the data values. If not, provide a set of data that could have led to this display.
|
|
What is the quantity of labour employed at the equilibrium
: MACRO1 (ECON1016) Assignment. What is the quantity of labour employed at the equilibrium wage rate? If minimum wage laws are imposed at a wage rate of Wm, what would be the quantity of labour demanded
|
|
Present a plan for the implementation of a new service
: Option 1: Select a health care organization of your choice, and present a plan for the implementation of a new service, such as rehab therapy services.
|
|
Different wing configurations
: Explain Three different wing configurations were analyzed during this lab. The first one was of a simple wing of NACA 2415 airfoil. The second one was the same airfoil with flaps added, and the third one had flaps and slats.
|
|
Briefly describe how investment banking is regulated
: Identify the costs associated with going public. Briefly describe how investment banking is regulated. Describe the inroads into investment banking being made by commercial banks.
|
|
Construct a table of its total and average fixed costs
: A firm's total fixed cost is $360,000. Construct a table of its total and average fixed costs for output levels varying from zero to 6 units. Draw the corresponding TFC and AFC curves.
|