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Using the economic concepts that explain differences in wages, discuss any three of the following points. Post your response to each of the three points separately.
Why does a chief executive earn more than a rocket scientist working for NASA?Why does a teacher earn less than a firefighter?Why does a union electrician earn less than a non-union electrician?Why does a white male earn more than a white female with the same level of education?Why does a movie actress like Angelina Jolie earn more than a movie actress from the 1940s?
Explain how sensitive do you think your organization is to economic expansions upswings and contractions.
A scientist wants to determine the half-life of a certain radioactive substance-Based on the data, what is the half-life?
Illustrate what do you think will happen to the price and quantity of DVD players if. The availability of good movies to play on DVD players increases.
Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese.
Explain why Brownstown's management was reluctant to release this information to its lenders.
Suppose the commodity market and the money market for an economy are described throughfollowing IS and LM curve.
Which of the following goods or services would be most likely to be subject to (1) external economies of scale and (2) dynamic increasing returns? Describe your answers.
Find information on GDP and its components and calculate the percentage of GDP for the following components for 1950, 1980 and 2005:
In the USA, it is the opposite: No harvesting is allowed unless the deceased had signed, while still alive, an organ donor form authorizing doctors to harvest any needed organs. Use supply and demand figures to show in which country organ shortage..
Explain how do you calculate the free market wage rate given the labor supply and demand functions.
Elucidate the liquidity trap is presently stopping the Japanese economy from recovering.
What factors led to the mortgage default crisis How did mortgage defaults affect banks involved in mortgage lending and mortgage investing Securitization TARP What do these mean
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