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A 911 emergency response service needs operators who are bilingual in English and Spanish. A few applicants of Spanish origin are rejected due to poor English-speaking skills. They file a complaint on the grounds of discrimination based on nationality. Their complaint is squashed. Here, the defense of the federal government is on the grounds of:
A) Bona fide occupational qualifications ?
B) Exclusionary rule?
C) Inculpatory evidence ?
D) Circumstantial evidence?
Use the classical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the following events. A technological advancement improve the production function
In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm ( Figure 15- 1). Consider now that the entrant, if fought, has the possibility of withdrawing from the in..
Using supply and demand and competitive analyses, explain what happens to a pharmaceutical company’s revenues and profits from an individual drug once it loses its patent protection. Then identify at least one strategy the company can use to mitigate..
Assume that the free trade unit price of a lamp is $200 and unit cost of an input for a lamp is $100. Given this information about lamp production in a country, calculate the effective rate of protection (ERP) afforded to the lamp industry by a 12% t..
Assume a perfectly competitive firm is currently producing 5,000 units of output and is earning $15,000 in total revenue. The marginal cost of the 5,000th unit of output is $3. The corresponding average total cost is $3.50 and total fixed costs equal..
Zamen is a small country located in the midst of the Atlantic Ocean. It is completely isolated: no one goes there, no one leaves. One half of Zamen’s working age population is unemployed. What are the short run effects of Zamen’s sweater export on th..
Consider an economy in which production characterized by the neoclassical function Y=K^.5N^.5. Suppose, again, that it has a saving rate of .1, a population growth rate of .02 and a average depreciation rate of .03. Determine what saving rate would y..
The value of the action The cost of the action The difference between the benefit and the cost of the action
Using a required reserve ratio of 10% and assuming that banks keep no excess reserves, what is the value of government securities the Fed must purchase if it wants to increase the money supply by $2 million?
Explain the Public Policy Lifecycle utilizing a public policy Discuss how the importance of developing a viable Policy Adoption and what policy makers need to consider when adopting new or amending existing policies.
Explain the law of demand and draw graphs to support your answer. Why does a demand curve slope downward? What are the determinants of demand? Distinguish between a change in demand and a movement along a fixed demand curve, noting the causes of each..
Suppose that the average cost of producing product X is constant and equal to the marginal cost which is $120. The demand for X is given by Qd = 2700 – 10P Now suppose the government imposes a $30 per unit tax on X. What is the price received by sell..
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