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Year-----------hourly earnings----------CPI2008 $16.00 2022009 $17.00 2072010 $18.00 209
1. What is the real average hourly wage in 2009?A. 8.21B.17.42C.8.61D.7.92
2. What can be said about real average hourly earnings and nominal average hourly earning between 2008 and 2010?A. both real and nominal average hourly earnings increasedB.both real and nominal average hourly earnings decreasedC. real average hourly earning decreased and nominal average hourly earning increasedD. real average hourly earning increased and nominal average hourly earning dcreased
Suppose that Congress is considering an investment tax credit, which subsidizes domestic investment. a. How does this policy affect national saving, domestic investment, net capital outflow, the interest rate
It seems apparent that the current macroeconomics situation in the US is bit difficult in numerous ways. Situations relating to employment, inflation, monetary and fiscal policies have been detrimental to US citizens who have undergone a trembling..
Describe the risks associated with such a project. Describe an approach you would take to prepare a fixed-price and schedule estimate, and describe how your approach mitigates the risks you identified in question 1.
Draw Beatriz' demand curve. Using the method described in Section 6.2, compute the change in her consumer surplus for the proposed tax increase.
"Because of the decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline.
In a certain year, the population of a small college in Canada was 6500. Ten years later, the student population reached 8000. The percentage change in the college's student population over the ten-year period was:
If consumers had been given more time to adjust to price changes, would you expect the price elasticity of demand to be more inelastic or more elastic? Explain. h. Consider the price elasticity of demand for the category flights on all airlines be..
An explanation of why or why not business with other countries is beneficial to an economy and how international trade fits into the circular flow diagram.
Suppose that you have utility as a function of income (I) given by the equation: \(U = \sqrt{501}\) Consider a lottery that provides a payoff of $0 with probability 0.75 and $200 with probability 0.25. What is your utility if you receive a sure..
What is the equilibrium price and quantity of fertilizer in an unregulated, competitive market? What is the efficient quantity of fertilizer?
Discuss the changing economic variables in China that influenced McDonald's expansion strategies.
Assume the Fed's Beige Book reported that in South Florida, bookings for the summer tourist season were off to a slower start than last year
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