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1. If generous welfare payments support the long-term unemployed, is employment pro- tection legislation a good thing?
2. Is there a link between the ?exibility of U.S. labor markets and its large prison popula- tion?
3. What type of workers have computers displaced and why have they increased the de- mand for skilled labor? Will skilled labor and computers always be complements in produc- tion?
Suppose the two countries are not trading and that both desire to have equal numbers of feet of timber and baskets of fruit. How would they allocate workers to the two sectors?
Relationship between the Micro and Macro Levels of Economic Performance
A $90,000 investment is made. Over a 5 year period, a return of $30,000 occurs at the end of the first year. each successive year yields a return that is $3,000 less than the previous year's return.
Suppose that in a year an American worker can produce 100 shirts or 20 computers, while a Chinese worker can produce 100 shirts or 10 computers.a. If the two countries were open to trade, which country would export shirts? Give a specific numerical e..
Suppose there is a tax cut, holding constant government purchases and all other factors affecting the AD curve. Illustrate the short run effects on output and the price level and LABEL them.
Suppose a soft-drink firm is grappling with the decision about whether or not to introduce to the market a new carbonated beverage with 25 percent fruit juice. How might it use the six decision steps to guide its course of action?
A family sets up a savings fund which pays 4.0 % interest compounded monthly. They contribute $350 a month to this fund. What is the value of the fund after 15 years?
Define scarcity and opportunity cost. What role these two concepts play in the making of business decisions? What is Marginal Analysis ? (b) Why Is Marginal Analysis Important in Economics? (c) What is the role of Marginal analysis ?
Price elasticity of demand and Income elasticity of demand What impacts will have the construction of a new natural gas company on oil demand. And on electricity demand? Justify.
Discuss the process of natural selection as defined by Darwin. How did Darwin's theoriesdiffer from his predecessors In your opinion, have his theoriesproved to be correct Why and why not
Find the quantity at which diminishing marginal returns set in and if the monopolist's goal is to maximize profits, and the monopolist charges all customers the same price, determine the optimal level of output.
Explain the top three criteria for selecting a food supplier for a hamburger restaurant in your state - Can We Use Supplier Development to Create Supplier?
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