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Income gap in New York is called nation's highest New York continues to have the highest income gap of any state. Experts claim that the income gap arises from the large number of poor unskilled immigrants. The economic immobility of these workers arises from a barrier to education.
Explain the effect of a large increase in foreign immigrants who are largely poor, unskilled workers on the market for low-skilled labor. Explain how better access to education would change New York's income gap.
Characterize the equilibrium number of varieties (at which all monopolistically competitive variety producers make zero profits) and compare this number with the answers to the previous two parts. Explain the sources of differences between the equ..
A professor in the economics department of the college of business and economics at CSULA claims that there is much more variability in the final exam scores of students taking the introductory economics courses as a requirement.
All else equal, how does this relative price change if the dollar depreciates to $1.25per euro? Compared with the initial situation, has a hot dog become more or less expensive relative to a bratwurst?
Given the following variables in the open economy aggregate expenditure model, autonomous consumption (C o) = 200, autonomous investment (I o) = 200, government spending (G o) = 100, export spending (X o) = 100, autonomous import spending (M o) = ..
1. Determine the equilibrium price and quantity in each country when the two countries are able to trade. 2. Calculate the consumer surplus, producer surplus, and total surplus for each country when the nations are able to trade
Recognize the unemployment rate as an economic indicator for whirlpool, and describe why this indicator would be a good choice.
If a central bank buys government bonds, what happens to interest rates, aggregate demand, and GDP? What happens to these variables if it engages in contractionary monetary policy through open market operations?
For the concrete mixture in part (a), calculate the temperature of concrete, assuming that the cement and the aggregate are at 5°C and the water has been heated to 65°C.
Finally, suppose for part c only that you now have the additional information that the marginal cost to Magee's of making one transparent pie is $2 (and is constant). Magee's currently charges $5 for each transparent pie.
In Milky Way Galaxy, a class of 2,000 students took a course in Astronomy. The 1st exam scores and final exam percentage reached earth, but transmission broke off after only a dozen students' scores were received.
For this discussion question, think of your water, electric, and gas. Do you get those products from multiple producers or one? How do they operate? Aren't prices for those needed products relatively cheap considering?
What is the major strategy for firms on multiproduct pricing? How would a firm producing many products ensure its ultimate goal of maximizing profits?
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