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Suppose the world price of cotton rises. The demand for labor among cotton-producing firms in Texas will (increase or decrease). The demand for labor among textile-producing firms in South Carolina for which cotton is an input will (increase or decrease). The unemployment resulting from such sectoral shifts in the economy is best described as (structural, seasonal, frictional or cyclical).
Which of the following polices would reduce the natural rate of unemployment in the economy?
A. Taxing the price of placing a resume or posting a job opening on a job search website.
B. An improvement to a widely used job-search website that allows it to match workers to find vacancies more effectively.
C. Establishing government employment agencies to connect unemployed workers to job vacancies.
Illustrate wage would a monopoly union demand. Explain how many workers would be employed under the union contract.
The private and social marginal cost (MC) of producing squibs is MC = 2.5 + 0.0375Q, where Q is quantity of squibs in thousands of cases per month, and MC is measured in dollars per case. The market is competitive and firms would supply at marginal c..
State how each of the following affects the ADI curve, and EXPLAIN.
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
Illustrate what are they, and what impacts do they have on the outcomes of Keynesian countercyclical policies.
Suppose the state is trying to decide how many miles of a very scenic river it should preserve.
Why does the concept of money neutrality imply that monetary policy to stimulate investment will be ineffective in the long run?
Suppose u(c, c') = ln c+β ln c' , there exists N consumers and each consumer lives for 2 periods. In each period they receive an endowment y, y' and are taxed t, t'. Derive the lifetime budget constraint for both the consumer and government. Define e..
q.for each of the following values for the mpc determine the size of the simple spending multiplier and the total
Conclude the supply function also inverse supply function for good X. Graph the inverse supply function.
Assume that health insurance begins to cover hip replacement surgeries that everyone interested in getting a hip replacement has health insurance.
Discuss how the accounting for an employer's defined benefit plan differs from accounting for the defined benefit's pension fund itself.
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