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1. In Becker’s taste for discrimination model, how does discrimination disappear in the long run?
2. Briefly describe the three types of unemployment?
3. Briefly describe the economic policies undertaken by Governments to reduce unemployment?
Suppose Chinese factory workers start a strike and unionize. Also, suppose Adidas releases a statement claiming Nike hires children under the age of 12 to work in their factories. Graph the shift in supply and/or demand. Be sure to label the new equi..
Suppose there is a new tax on data usage. The cum-tax monthly bill increases by 15%. If the price elasticity of demand is -0.45, how much does the quantity demanded change?
The demand for good X in a town is Q = 10 − P , where P is the price of good X per pound and Q is the quantity demanded in pounds. The marginal cost of producing the good is $2 per pound. What are the monopoly price and quantity? What is the price el..
You’re a commodity trader and you’ve just heard a report that the winter wheat harvest will be 2 billion bushels, a 40 percent jump, rather than an expected 30 percent jump. What would you expect would happen to wheat prices?
As internet banking spreads, velocity begins to increase at a rate of 3 percent per year. What will happen to the rate of inflation? How could the ECB offset the impact on inflation.
Journalize the adjusting entries resulting from the bank reconciliation and adjustment data. Post the adjusting entries to the ledger T-accounts. Prepare an income statement for December and a classified balance sheet at December 31.
Widgets R Us uses a variety of different items to produce their world-class widgets. For each item listed, place it in the appropriate bin according to whether it would generate an implicit or explicit cost for the firm.
Jim decides to “invest” in his backyard by burying $500. If he buries this money in 1944 and the average inflation rate is 3%, what is the purchasing power in 1979? How about 2014? If he had invested in the stock market which paid an average of 10%, ..
The last printer added 20 books to total output, while the last press added 1,000 books to total output. Is the publishing house making the optimal input choice.
A $1000, 9.50% semi annual bond is purchased for $1010. If the bond is sold at the end of three years and six interest payments, what should the selling price be to yield a 10% return on the investment?
Natasha has been told that if she reduces the thermostat setting on the heating system at her home by 1 degree, she will be able to reduce her present annual energy consumption of 5,000 kWh of energy by 20%. What is the implicit cost of 1 kWh of ener..
Suppose that the velocity of circulation of money is constant and equal to 5. If the Fed increases the supply of money by 5%, which of the following statements can we claim to be true with certainty?
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