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1. What are the causes of the decline in unionism in the United States?
2. Briefly describe the various ways by which unions increase wages for their members?
3. Describe the impact that labor unions have on income inequality?
4. Using examples, briefly describe the various types of discrimination present in an economy?
In 1776 13 colonies of Great Britain declared their independence from said country. Colonies had to determine how to make decisions for them. There were two overarching concerns when creating this new decision making system. What were they? one of th..
which in this case is lagged second difference. Note that it remains below zero after stock market crash of 1987. You can also do same thing for or variables. Are they fairly consistently away from zero. If so, can you design a rule to make money.
Positions on whether the Constitution should be amended to require a balanced budget reflect opposing views about whether such an amendment would be an appropriate solution to the problem of persistent federal deficits and growing federal debt. Shoul..
Consider a market with demand function D(p) = 1000 ? 10p and aggregate supply function S(p) = ? 200 + 20p if p ? 10 [and S(p) = 0 otherwise]. Compute the competitive equilibrium price and quantity, as well as the equilibrium value of consumer surplus..
Woody's utility function is U(C, R)= C- (12-R)^2, where C is his consumption and R is the amount of leisure he has per day. He has 16 hours a day to divide between work and leisure. He has an income of 20$ a day from non-labour sources. If Woody can ..
Chris is preparing for a comprehensive course exam by reading a textbook with chapters of equal length and difficulty. The number of chapters she can comprehend and master when studying is: (1) hour one: 1.5 chapters; (2) hour two: 2.0 chapters; (3) ..
This document contains various important questions and their appropriate answers in the subject field of Economics.
Suppose Jon finds $100 in the pocket of his jacket and deposits the oneyinto the checking account. The bank must hold 6% of this depoit as required reserves. What is the approximate potential increase in the money supply because of this deposit? Supp..
A company is considering investing in a project that requires an initial investment of $75,000. The operating and maintenance costs are expected to be $5,000 per year for the first 5 years and then increase by $500 every year for the next five years...
q. a company has started a phone service that uses overseas doctors to provide emergency medical consultations.
Mike finds a Coke machine in an abandoned part of town and is extremely thirsty. The Coke machine requires exact change -two quarters and a dime. No other combination of coins will make anything come out of the machine. Does Mike have convex preferen..
elucidate what economic factors may influence such behavior
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