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Trace the problems inherent in the unequal distribution of the benefits produced by the American economic system. Focus on the efforts of labor to change that inequality and on capital to retain its favored position. You must also grapple with the issues of gender inequality raised by at least 2 articles in Women, Families, and Communities. Describe evidence of inequality and whether there has been consensus on whether it should be the government’s responsibility to ease it.
Use the two big questions of economics and the economic way of thinking to answer the following questions about the economic life of a homeless man.
How are the identities S = NCO + I and NCO = NX related to the foreign-currency exchange market and the loan able funds market?
Starware Software was founded last year to develop software for gaming applications. Initially, the founder invested $800,000 and received 8 million shares of stock. Starware now needs to raise a second round of capital, and it has identified an inte..
A Monopolist firm sees the following demand, find the marginal Revenue
The national debt is now $8,700,000,000,000. If the population of the United States is 300,000,000 what is each citizen's share of this debt? The national debt is rising at the rate of 1.69 billion dollars per day. Explain how much is each citizen..
Suppose that corn currently costs $8.00 per bushel and that wheat currently costs $6.00 per bushel. Also assume that the price elasticity of corn is 0.25, while the price elasticity of wheat is 0.30. If the price of corn fell by 25 percent to $6.00 p..
Suppose that the bus schedule is changed so that buses are 10 percent more frequent and that rider-ship subsequently rises to the level that existed before the fare increase. In other words, the fare increase has a negative impact on rider-ship, but ..
Why might regulatory agencies utilize labor more intensively than private firms? What will happen to the regulatory share of employment if the rate of growth of regulatory employment stays five times higher than overall employment growth?
There are five flights daily from Pittsburgh via US Airways into the Bradford, Pennsylvania, Regional Airport. Suppose the probability that any flight arrives late is 0.20, the probability that none of the flights are late today is [a]. (Note: keep t..
Compute the utility and MRS of C and F prior to exchange. Based on these MRS values, can C and F gain from exchange? If so, briefly explain how they would exchange.
If a high per-bag fee were charged for garbage collection, how would consumers respond? What can cities do to reduce the amount of garbage that goes into landfills?
When the price of wheat rises from $2.34 to $2.46, some farmers switch crops, and the amount of barley offered on the market falls from 101 million bushels to 99 million. What is the cross elasticity of supply? When the wage rate rose from $6.25 per ..
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