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In most developing countries, the empirical studies show that there is extreme inequality in the distribution of education. A small section of the population is very highly educated and the majority of the population has practically no education at all. India is a good example of this phenomenon, South Korea is an exception. Discuss the possible reasons of educational inequalities and also suggest changes in education policy that may achieve a more equitable distribution of education.
Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.
A few years ago a construction manager earning $70,000 every year working for a regional home builder decided to open his own home building company.
Define adverse selection in a general way and then provide a more specific definition of adverse selection in an insurance market and explain how adverse selection manifests itself and becomes a problem in insurance markets.
What are the dimensions of sustainable community development. Name four and explain their interrelatedness. What are the three aspects or roles of the biosphere reserves? In your own opinion, which one of the three roles are the most important.
Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..
This is question one regarding the Fair Labor Standards Act of 1938 and subsequent amendments. For this question list the main components of the original act and provide a paragraph on each one and its impact on the American workplace. Remember to in..
Demand is linear: p= A-by; cost is cy (marginal cost is c). What is oligopoly price and quantity when there are players? What happens to the total market supply as n goes to infinity?
Suppose that the production function for owner-operators in the truckload sector of the motor carrier industry required that capital and labor be used in fixed proportions: one driver with each truck. Identify the production function for owner-operat..
In each of the following situations, the firm might possibly be accused of a restrictive practice: exclusive dealing, minimum resale price maintenance, tie-in sales, or predatory pricing. In each case, identify which restrictive practice might apply,..
Distinguish between ethical rights and obligations from the perspective of accountants and auditors
The 2001 recession ended in November 2001, but the perception of "bad economic times" lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession.
The shape of Canada’s production possibilities frontier (PPF) should reflect the fact that as Canada produces more trucks and fewer cars, the opportunity cost of producing each additional truck ______.
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