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Using the perfectly competitive labor demand and labor supply model, what would happen, all else equal, to the real wage and the number of workers in each of the cases below:
A. There is an increase in the amount of physical capital as a result of positive net investment in the economy.
B. In a particular occupation, workplace safety regulations are effective in lowering the rate of workplace accidents and injuries.
C. In a particular occupation, the good that workers are producing is not as popular as it once was, leading to the decrease in the price of the good that workers help produce.
D. Social Security retirement benefits are cut and the retirement age is increased.
Eddie is a production engineer for a major supplier of component parts for cars. He has determined that a robot can be installed on the production line to replace one employee. The employee earns $20 per and benefits worth $8 per hour for a total ..
What happens to the real interest rate, output, consumption, and investment in the short run (in which the price level is fixed)? What happens in the long run to the real interest rate, consumption, investment, and the price level?
Illustrate what sectors of the economy are likely to expand or recover in the near future. Illustrate what sectors may be the most vulnerable in the next year.
The market for paper in one region of the US is characterized by the following demand and supply curves: Qd=160000-2000P Qs=40000+2000P (Q is 100-pound lots) The marginal external cost of the effluent being dumped into the local streams ..
What would it not be better to nationalize public utilities as some European countries have done. Explain.
Which definition(s) of the money supply include(s) only items which are directly and immediately usable as a medium of exchange?
1. change in quantity of hybrids divided by change in in price of gas 0.25 and change in quantity of suvs divided
Discuss and explain the current tax treatment of capital gains under personal income tax. Describe why do some economists argue that reduction in rate of taxation and capital gains can actually raise tax revenue collected from such gains?
As you start your research, you realize your company would make a significant profit from doing business in China.
What motivates policymakers to stimulate the economy or contract the economy? Based on your research, what does the Federal Reserve say about its policy goals? What does the Federal Reserve say about the strength of the economy?
Compute the elasticity of demand for every parameter.
How does monopolistic competition differ from pure competition in its basic characteristics From pure monopoly? Explain fully what product differentiation may involve. Explain how the entry of firms into its industry affects the demand curve facin..
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