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ANSWER ALL OF THE FOLLOWING QUESTIONS WITH MORE THAN A FEW SENTENCES PLEASE
1. Why might you expect individuals who were unemployed in their 20s to have lower wages at the age of 40 than individuals with identical educational backgrounds but who were not unemployed?
2. The starting salary for a new assistant economics professor was $15,000 in 1976 and $90,000 in 2010. The value of the CPI for 2010 was 216.3, compared to 56.9 in 1976. In which year did a newly hired professor earn more in real terms?
3. A country reports a price index of 55 in 2005 and 60 in 2006. What is the inflation rate between 2005 and 2006?
4. How do you think the internet and online shopping would affect the menu costs of inflation?
What is meant by the productivity? What are the factors of production that limit any nation ability to produce wealth?
What indictors are evident that there is too much or too little money within the economy? How is monetary policy aiming to adjust this?
Suppose that Ian and Mike are cottagers on opposite sides of a small lake. Ian values electricity at his cottage at $500 and Mike at $700, but in order to get electricity for their properties a trunk line costing $1000 must be built. If they are unab..
Explain the concepts of intrinsic value and economic value added for Federal Express and United Postal Service. Discuss financial (e.g., ratios and balance sheets analysis) and non- financial variables at play in valuing the two companies. Explain ho..
Which of the following terms express a person who risks his or her financial resources by investing it in the hope of making a profit.
Marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the Robinson Crusoe model.
Compare the costs and benefits of regulation. In your opinion, do the benefits outweigh the cost or do the costs outweigh the benefits? What are the advantages and disadvantages of deregulation?
If equilibrium national income is 3,500 billion while the national income and output (GDP) necessary for full employment is 3,900 billion (assuming an MPC of 0.6) then. What is the size of the GDP gap? What size change in government spending would el..
Utilize the theories of international trade also investment also explain Brazil's intentions also actions regarding the international information technology sector.
Find out industry's profit-maximizing cost and quantity. Illustrate what is its profit. industry's production manager claims that industry's average cost of production in minimized at an output of 40 units.
For any given level of output:
Suppose that there are two products: soda along with clothing. Both Brazil and the United States produce each product.
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