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We are constantly hearing about mass exodus of jobs in other countries (phone service, computer services, sales). Use the concept of comparative advantages to explain why this is occuring. Also, explain how the U.S. beneits more in the long run from this shift. What sectors are harmed by the shift?
Elucidate that specialization and trade can move both countries beyond their production possibility frontiers.
Suppose that the substitution effect of an increase in the wage rate exactly offsets the income effect as the hourly wage increases from $12 to $13. What would the supply of labor curve look like over this range of wages? Why?
Now assume the Fed increase the money supply by 10% and volcity remains unchanged?
Elucidate the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Explain how large a sales increase can the company achieve without having to raise funds externally; that is, what is its self-supporting growth rate.
What does this equation imply, or not imply? What are its political implications? How must one be careful when applying it to real world situations?
Describe the industry equilibrium price/output combination both graphically and algebraically. Calculate the level of excess supply (unemployment) if the minimum wage is set at $7 per hour.
Explain how have these policies affected the employment rates for the housing industry.
a. Find the equilibrium price and quantity. Compute consumer surplus, producer surplus, and totalsurplus in the market equilibrium. b. For each unit of Negext produced,4 units of pollution are emitted, and each unit of pollutionimposes a cost on s..
For each level of output, calculate this manufacturer's marginal cost (MC) (For convenience, place the Marginal Cost between 0 and 1 boat on the second row, the Marginal Cost between 1 and 2 boats on the third row, and so on)
Immigration is a major topic of concern in today's economy. What are the possible problems and solutions for these concerns? What could happen to the U.S. labor markets if immigration is not controlled?
Create a supply and demand graph and identify areas of customer’s surplus and producer surplus. Given the demand curve, determine what impact will an risee in supply have on amount of customer surplus shown in your diagram?
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