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Assume that the supply of low-skilled workers is fairly elastic, but the employers’ demand for such workers is fairly inelastic. If the policy goal is to expand employment for low-skilled workers, is it better to focus on policy tools to shift the supply of unskilled labor or on tools to shift the demand for unskilled labor? What if the policy goal is to raise wages for this group? Explain your answers with supply and demand diagrams.
Using general equilibrium analysis, graph and explain the effects of a small country levying a tariff on a -good. What may be some of the long term effects not addressed by general equilibrium analysis?
q.how would you estimate the additional dollar cost of each additional salesperson?based on your companys past sales
Suppose chartered banks decide to greatly reduce the availability of student loans that are guaranteed against default by the Canadian government. What would you expect to happen to the demand for credit cards by students?
The invention of a self-milking cow machine allows cows to milk themselves. Not only does this reduce the need for higher-cost human assistance in milking, but it also allows the cow to milk herself three times a day instead of two, leading to both a..
q1. illustrate what were the major contributing causes to failure of uplift unionism?q2. whenever you analyze your
Who of the following would be included in the Bureau of Labor Statistics "unemployed" category?
Explain how does the capital/financial account differ from the current account. Give examples of what is included in each.
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
Consider competitive markets, monopolies, and oligopolies. What role does each of these play in an economy?
q1. assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in
GRAPH a comparison of the short-run and long-run profits, price, and quantity of a Monopoly and a Perfect Competition firm. Which type of market structure generates greater profits? Why? Give 5 Characteristics of a Perfect competition firm and monop..
Suppose that the Bank of Canada unexpectedly decreases the money supply. What will happen to unemployment in the short run? What will happen to unemployment in the long run?
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