What will happen to the size of the workforce

Assignment Help Microeconomics
Reference no: EM132178232

Question: Imagine that, faced with budget shortfalls, a government changes its current policy of granting tax credits based on family size to a flat rate tax credit for a family with one or more children.

a. Over time, what will happen to the average age in the population?

b. Over time, what will happen to the size of the workforce?

Reference no: EM132178232

Questions Cloud

Friendly is pressing frank for payment plan : Friendly is pressing Frank for a payment plan since he has had difficulty making the monthly payments on his loan.
Graph sasha new budget constraint : Sasha has 60 hours a week she can work or have leisure. Wages are $8/hour. Suppose wages increase to $10/hour. Graph Sasha's new budget constraint.
How fast is his shadow lengthening : Find the length of his shadow when he is 30 ft horizontally away from the light - How fast is his shadow lengthening?
What is the sharpe ratio of the tangency portfolio : What is the Sharpe ratio of the tangency portfolio formed by creating the optimal risky portfolio from this stock and bond portfolio
What will happen to the size of the workforce : Imagine that, faced with budget shortfalls, a government changes its current policy of granting tax credits based on family size to a flat rate tax credit.
Most approaches to change focus on overcoming challenges : Most approaches to change focus on overcoming challenges, addressing obstacles, and solving problems.
What is the total depreciation expense allowed by the irs : What is the total depreciation expense allowed by the IRS for all three pieces of equipment for tax years 2028
Will wages rise above market equilibrium or fall below it : In each scenario, will wages rise above the market equilibrium or fall below it? All but one of the factories in a town go out of business.
Measure of damages might be available to plaintiff : Discuss what the measure of damages might be available to the plaintiff in that action.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd