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Q. Submit a 250- to 300-word response addressing two of the following labor scenarios in the new housing market:
A new law requires home builders to hire only union labor. Will this shift the labor supply curve, demand curve or both in home construction? How will this affect wages and number of workers in home construction? How will this affect the cost of building a home (and price of a new home)?
A wave of day laborers with experience in home construction moves into the area. Will this shift the labor supply curve, demand curve or both in home construction? How will this affect wages and number of workers in home construction? How will this affect the cost of building a home (and price of a new home)?
Due to a recession, the demand for the housing market decreases. Will this shift the labor demand curve or supply curve or both? How will this affect the wages and number of workers in home construction?
If other people exploit the same opportunity, what will happen to the cost in Thailand as well as in Malaysia.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Divide the Banzhaf power index by the number of votersin state. Are votersin small states or are votersin big state more powerful, according to this measure.
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.
What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.
Wilpen plans to charge a wholesale price of $1.65 per can. As the average value of tennis racket is $110, and average household income of consumer is $24,600.
What would be the new equilibrium in this economy if Investment increased by $12.
Consider decision making process used by consumers as they budget their money to maximize use of their resources.
If today's production of capital goods exceeds the depreciation of capital.
Youngstown sold most of its output in the Midwest. Was this fact relevant.
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