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In the labor market, the demand and supply model predicts that new technologies could raise the pay of high-skill labor but reduce the pay of low-skill labor. Explain why and demonstrate your point with a demand and supply diagram.
Consider the basic Rothschild-Stiglitz model with asymmetric information and two types on consumers. A policymaker who has taken this class suggests that is might be beneficial to impose a flat tax on healthy people and distribute the tax revenue to ..
M is the average income in the United States. What could be the impact on your rm.
You use money just about every day. What is money and what functions does it perform? How is the supply of money measured? Who influences how much liquidity in created or reduced in the U.S. economy?
What are the 2 exceptions that support placing greater importance on written vs oral contracts? What are the 2 different approaches to the presentation of a job offer? What are the advantages and disadvantages of each?
Consider an economy whose production can be characterized by the following production function: Yt = 2K^5 N^5. Write the production function in per worker terms. Draw a graph of this production function. Introduce a curve that shows the level of inve..
Calculate the growth rate of nominal GDP between 2011 and 2012? e) Determine the growth rate of real GDP between 2011 and 2012?
Can you give me at least two examples of how average cost pricing has distorted regulated markets in electricity and natural gas. How does the mispricing affect customer behavior?
Use the IS-LM model to predict the short-run impact on the interest rate and output if the central bank pushes interest rate down at the same time that both consumption and investment fall due to a financial crisis.
Boo spend all of her income on tacos. There are only two varieties of tacos: chicken and pork, and Boo preferences pork taco. You could write her function as U=C + 3P. Chicken tacos cost $1, pork tacos $2.50, and she has an income of $40. Derive Boo'..
Explanation and Analysis Identify changes in market conditions and their effect on equilibrium price and quantity for the following events
In an oligopolistic market, firms pay close attention to the strategies of their rivals. In monopolistic competition, with a large number of sellers, it is assumed that there is not this kind of rivalry, or interdependence. Why is there probably some..
The projected population growth for Country A from the year 2000 to the year 2100, based on a 3.5% growth rate, will cause the population to rise from 30 million to 960 million. Assume Country A is approximately the size of Nebraska, Kansas and Oklah..
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