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When a worker is fired orlaid off, they experience a significant out-of-pocket cost. That cost of job loss relies on how much they were earning in their job, how long it takes them to find a new job, level of unemployment benefits they are entitled to and level of their pay in new job. The higher the cost of job loss, the more employers would be able to threaten and discipline their workers. Cutting unemployment insurance has been one key neoliberal strategy for increasing the cost of job loss.
What are the income and cross elasticities of demand? Why might they be useful? Explain.
Q. Role of Monetary Policy? Monetary Policy: Monetary policy reflects the use by government and government agencies (mainly the central bank) of interest rate adjustments and o
what is dynamic and static multipler
Problem: (a) Why is an error term added to a regression and explain its importance in the OLS procedure? (b) Suppose we have a linear equation with a constant term, one expl
Consider an economy, in which technological capabilities become obsolete. Use the Solow-Swan model and the knowledge spillover model to explain how its productivity growth rate dep
explaination of quasi rent theory
1. How can a nation and its producers determine whether or not it has a comparative advantage in producing a particular good or service? a 2. The above figure show
International trade: International trade refers to the exchange of goods and services between countries. Goods sold to other countries are referred to as exports and goods bou
what are the similarities and differences of marginal productivity and marginal utility
Demand Function The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product
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