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The measured union wage differential will most likely understate the true amount by which unions are able to raise hourly compensation if which one of the following is not controlled for? (a) the demographic characteristics of union and non union wage members. (b) the characteristics of jobs held by union and non union workers. (c) the amount of fringe benefits received by union and non union workers. (d) all of the above.
Elucidate Illustrate what President Roosevelt might have been trying to achieve, using the model of aggregate demand also aggregate supply
If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
Evalute the percentage change for the two years. Explain the drastic change and what this meant for the U.S. population.
What do you think are the three most important purposes of the AICPA Code of Professional Conduct?
Assuming 100 identical firms in the industry (further assume that factor prices remain the same) what quantities will the industry and each firm supply when the product’s price is $9? What if prices are below $5?
Illustrate what is the relationship among a firm's total income, profit also total cost?
In the classical model if there is a decrease in capital stock, what are the effects on labor demand, real wages, and output? (Increase or decrease) What are the effects if population decreases?
What does Autor mean by "polarization of job opportunities?" Illustrate what is the primary cause of this polarization.
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk-averse, risk-neutral, or risk-lover?
At an interest rate of 8%, determine the capitalized cost of the facility, assuming that it will be used for an indefinite period.
some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is, as long as everyone chooses the same side. Otherwise, everyone may get hurt. Does either player have a dominant st..
Suppose that output is $2.2, the natural rate is 4.5%, potential GDP is $2.32, inflation was 3% last year expectations arc adaptive, and the phillips curve equation is pi = pi + 0.5(Y - Y*)/Y*. What will the inflation rate be this year?
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