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1. (Wall Street Journal) On Tuesday the Wall Street Journal includes articles and information on careers in the Market- place section.Turn to the Career Opportunities section where employment opportunities are detailed. Read several position descriptions for jobs that are of interest to you. Identify the education and skill requirements of the positions.
2. (Wages and Labor Supply) Interview five of your classmates to determine the nature of their labor supply curves for a summer job. Ask each of them how many hours of work he or she would be willing to supply at wage rates of $10, $15, $20, $25, and $30 per hour. Plot the results on a labor supply diagram. Do any of these individuals exhibit a backward-bending labor supply curve? Is the market supply curve for these five individuals backward bending?
The average age of engineering students at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to save each month to become a millionaire by the end ..
What are the two effects of every price change? Given two goods, "x" and "y", if the price of "x" increases (all else equal), what do each of the effects say will happen to the consumption of "x"? After the change, what can we say about the quantity ..
The present value of a perpetuity that pays $F every year when the annual rate of discount is i is? Consider a three-year fixed-payment security that has a present value of $1,000. If the annual rate of discount is 7 percent, the payment made at the ..
Discuss the implication to Economic Efficiency of an economy operating at point and what would it take for the economy to operate at point Z?
address the following questions in a 4 page essay using the resources from online web sites.1. suppose that the real
Calculate the monopolist's profit.
Explain in detail how each of these forces influences the auto industry, and propose how the auto industry should respond or react to each force. Businesses not only respond and react to external forces, but can also attempt to influence them.
Ben allocates his lunch budget between two goods, pizza and burritos. Illustrate Ben's optimal bundle on a graph with pizza on the horizontal axis.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
To study the relationship between domestic and world prices, you are given the following models: Yt = α1 + α2 Xt + ut , Yt = β2 Xt + ut - How would you choose between the two models a priori?
As we have learnt in the course aggregate demand is equal to C+I+G+(EX-IM) where the only difference with RGDP is that in the above equation I does not include accumulated inventories.
Provide a brief overview / synopsis of the issue and discuss the model or economic theory that relates to the issue presented in the news article.
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