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1. A Wall Street Journal article noted that a study by U.S. Congressional Budget Office "estimated raising the minimum wage to $10.10 per hour reduced U.S employment by 500,000 but lift 900,000 Americans out of poverty ".
a. Why might raising the minimum wage reduce employment? Explain
b. Why would it raise some people out of poverty?
Your student loan had an original amount of $80,000, an original maturity of 120 months and a contractual rate of 8.2%.
a) Comment on the various factors that affect the equilibrium exchange rate or price of one currency against another
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Considering Opportunity Cost and Comparative Advantage, how are they related?
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Why are inflationary expectations so important for policymakers to keep under control? When a supply shock such as an oil price spike hits the economy
Opponents of free trade often argue that trade with other countries destroys domestic jobs; it threatens industries that are vital to national security; it inhibits the chances of a new domestic industry from surviving; and that it is only desirable ..
When do consumers pay the most of a sales tax? When do producers pay most of the tax? How should sunk cost be taken into account in decision making? (include example if possible). Given that sales taxes cause deadweight loss, what should be the elast..
What is a market failure? It refers to a breakdown in a market economy because of widespread corruption in government.
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