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Suppose that the labor market has a perfectly inelastic supply consisting of union and non-union workers, and both groups of workers initially earns perfect competition. What happens at the level of the balance of work and wages for union workers if the union bargaining power drills?
a. Both Increase.
b. Employment increases and wage declines.
c. Wage increases and employment declines.
d. Both decline.
Why is degree of world income inequality measured at purchasing power parities lower than that measured at exchange rates? What are the main trends in global poverty, and how do these trends differ from region to region?
Calculate the Consumer Price Index in each year and calculate the inflation rate from 2010 to 2011 and then from 2010 to 2013 using the calculated CPIs.
Suppose that the supply of fossil fuels like coal and petroleum will become more and more scarce in the next fifty years.
Assume that Serena Williams desires to accumulate $1 million in 15 years using her money market fund balance of $182,696. At what interest rate must Serena’s investment compound annually?
a. Draw a timeline of the game. What is the ex-ante period and the ex-post period in this model? b. What is the first-best level of investment? Explain.
Pick a sector that you know well and identify and discuss the key macro risks for the coming five to ten years - what kind of investment would put you in the best position to take full advantage of your foresight
Explain what types of control processes might be found in each of the organizational structures. Describe what types of quality management processes might be found in each of the organizational structures.
India's policies against exchange rates, foreign trade, domestic monetary systems and foreign policy. Also expand into how the political situation in India has effected the country economically.
Explain why both nations with high living standards and nations with low living standards face the problem of scarcity. If you won $1 million in a lottery, would you escape the scarcity problem?
suppose you are the production manager for widgets inc. your job is to produce a fixed amount of output at the lowest
Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
Suppose that the exchange rate between the Polish Zloty and the U.S. dollar is currently 4 Zls to the dollar. The one year forward rate for the Zloty is 4.5 Zls to the dollar. If U.S. inflation is 3% what is the approximate Polish inflation rate if r..
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