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1. In a perfectly competitive labor market, what will be the impact of an increase in labor productivity on equilibrium wages and employment? Diagram needed
2. What is frictional unemployment? How is it different from Disguised unemployment?
You learned that Texas has a tax system that is generally “regressive” because it relies heavily on sales taxes rather than income taxes. What are the definitions of regressive, flat, and progressive when it comes to taxes? Why a sales tax is conside..
For each of the following transactions identify by how much M1 and M2 change. (a) Your grandmother gives you a check for $250 as a present for your birthday. You deposit the check into your checking account. You then withdraw $50 as cash and transfer..
Briefly critique the attached article in no more than the equivalent of 3 pages , focusing on the key environmental implications and economic arguments, with your personal reactions included.
The first-time sale of stocks and bonds directly to the public is called a(n): primary sale. new issue. follow-on offering. preliminary bid. fresh deal. A rule for profit maximization is:
Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 25,000 cases of cola were sold every week at a price of $7 per case. After the tax, 18,000 cases of cola are sold every week; consumers pay $8 per case (includin..
You are taking a vacation in Italy in December and calculate that the expense in Euros will be €900 (you will pay once you arrive in Italy). The exchange rate today is 0.76 Euros per US Dollar. Would you be happy or sad if the exchange rate in Decemb..
The average starting salary for engineers for 2002 was $47,000. The average in 2015 was 65,000. If we assume salaries are tied to inflation, what has been the average yearly inflation rate for this period? And, what should we anticipate the salary wi..
What are the 4 types of unemployment? Please explain the current situation of employment in the United States; how does it differ for the long-term unemployed (over 6 months)
What is the major focus of each of the following bank management concerns: asset management, liability management, liquidity management, and capital adequacy management?
Which of the following pairs illustrates the two extreme examples of market structures? Why? Of the total income earned in the U.S economy, approximately: Why?
calculate the price elasticity of demand for each product and compare with your teammates' elasticities.
An imperfectly competitive firm’s demand equation is given by, P = 400 - .25Q. The firm’s marginal cost is, MC = 20, and TC = 20Q. Assuming that the firm is attempting to maximize profits (minimize losses), determine its Price (P), Output (Q), and to..
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