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According to the text, in recent years the ratio of earnings of the typical U.S. college graduate to the earnings of the typical high school graduate without additional education has: A. Increased as the demand for skilled labor has decreased relative to the demand for unskilled labor. B. Decreased as the demand for skilled labor has increased relative to the demand for unskilled labor. C. Decreased as the demand for skilled labor has decreased relative to the demand for unskilled labor. D. Increased as the demand for skilled labor has increased relative to the demand for unskilled labor.
Susan Jones has a job as a pharmacist earning $45,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $55,000 per year or to purchase a pharmacy that generates revenue of $250,000 per year. What would ..
Suppose that pilots’ union at a certain airline faces an own-wage elasticity of demand for labor of -0.15, and that the mechanics’ union at the same airline faces an own-wage elasticity of demand of -1.80. Suppose that the leaders of both unions push..
A piece of equipment that was purchased two years ago for $59,000 was expected to have a useful life of 5 years with a $5,000 salvage value. Since its performance was less than expected, it was upgraded for $20,000 one year ago. Increased demand now ..
Suppose a country has a national debt of $5,000.0 billion, a GDP of $10,000.0 billion, and a budget deficit of $100 billion. How much will its new national debt be? Compute its debt-GDP ratio. Compute its new level of national debt and its new debt-G..
Why might we imagine that this factor will continue to achieve the same effect in the future? iii. Indicate what factors might push in the opposite direction.
Illustrate what is the distinction between marginal revenue product also marginal revenue. How does the government of Canada redistribute income.
An business development executive travels extensively for business. Her company offers two options to offset her driving expenses. Option 1 provides a car allowance of 490 dollars per month and a mileage reimbursement of $0.34/mile for fuel, insuranc..
Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor?
In your own words, explain what corporate social responsibility (CSR) is. Name two examples of social responsible companies you know and explain why you consider them so.
Discuss the relationship between economics, business concepts (such as targeted marketing), social status, and wellness. Discuss how the relationship you describe relates to the concept of wellness as defined in this course and how it relates to spec..
An important point is about customer expectations. What customer expectations are there with respect to What, When and By whom in a project? What would you use to determine if the project was successful? What would a customer use?
All of the following statements apply to a purely competitive market in the long run, except: Which of the following is true of normal profits? The long-run supply curve would be perfectly elastic when: Which of the following statements about a compe..
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