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Question: Income Gap Growing In 2009, people in the highest quintile had 24.6 times as much market income as those in the lowest quintile, but after taxes and transfers the people in the highest quintile had 9.1 times as much income as those in the lowest quintile. In 1989, the people in the highest quintile had 7.2 times more income after taxes and transfers than those in the lowest quintile. In 1990, 82.9 percent of the unemployed received unemployment benefits. In 2009, 47.8 percent of the unemployed received unemployment benefits.
Explain what the information provided in the news clip implies about the effects of income redistribution policies on the income gap between the richest and poorest Canadians.
Create a correlation matrix of all the variables in your data set including the dummy variables. What are the correlation coefficients between the variables you plotted in part b? Do you see any indications of multi-collinearity in the correlation ma..
Estimate the price Elasticity of demand for subway rides
a. Define the concept of "value of the marginal product of labour" (VMP hereafter). Explain why, assuming it can be measured at all the VMP could be expected to be downward-sloping (decreasing as the quantity of labour increases)
What is the total dollar value of the change in welfare in the United States caused by the tariff? State whether the U.S. gets a welfare gain or suffers a welfare loss from the tariff.
question 1 nbspwhat are the highest and lowest payments from the writer that the beekeeper-farmer team will accept for
a) Prepare income statements for Q1, Q2, and Q3 using variable costing and absorption costing. b) Explain the differences in operating income between the two costing systems for each quarter. Be specific!
Shortly after World War II, the US occupying forces set the value of the Dmark and the yen below equilibrium values in Germany and Japan.
The Justice Department's anti-trust suit brought against Microsoft did not result in the software firm being required to unbundle its Internet Explorer browser from its Windows operating system.
Suppose that Mimi plays golf 5 times per month when the price is $40 and 4 times per month when the price is $50. What is the price elasticity of Mimi's demand curve? Use the Midpoint Method to answer this problem.
Explain why an economist might not agree that this represents a true picture of the shop's profit-ability.
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Assume that the brand manager forecasts upcoming sales of SUSI to be 150,000 units, and that there are 26,000 units of SUSI in inventory.
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