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When Nick and his co-workers refused to accept pay cuts, his employer outsourced their programming tasks to workers in another country. This phenomenon is occurring throughout the programming industry. What type of unemployment is Nick facing?
In Northlandia, there are no labor contracts; that is, wagerates can be renegotiated at any time. But in Southlandia, wagerates are set at the beginning of each odd year and last for twoyears. Why would equal-sized falls in aggregate output
Illustrate this strategic interaction using a game in normal form and has WallMart a strictly dominant strategy? Has it a strictly dominated strategy? Clearly explain.
Why is the money multiplier in the United States smaller than the inverse of the required reserve ratio? Provide one (1) reason. Explain why depositing cash into a checking account does not change the money supply. Provide at least one (1) supporting..
What is the prospective rate of return after taxes if straight-line depreciation can be used to write off these assets for tax purposes in 8 years?
Assume that demand for oranges is given by the following Equations, with quantity measured in oranges a day and price measured in dollars per orange.
The exchange rate is currently $ 2.00 per pound. Anincrease in the price level in the US relative to the price levelin England will:a. increase the exchange rate to $2.50b. not affect the exchange ratec. increase the exchange rate to $3.00d. reduce t..
Suppose a consumer has $150 to spend on food and clothing. Food costs $4 per unit and clothing costs $5 per unit. The consumer's utility function is U(c,f) = f^2c. a. Give an equation for the consumer's budget line. b. Give a formula for the consum..
Elucidate the phenomenon of market foreclosure. Specifically, explain how a vertical merger may "substantially lessen competition or tend to create a monopoly".
If the government imposes a quantity tax on the consumption of a good, it means that the consumer has to pay for each unit of the good its price plus the tax.
What would be the net marginal revenue of the marketing division of the firm for the pocket calculators? At what price should the calculators be sold on the external market?
Suppose a firm has a constant marginal cost of 10$. The current price of the product is 25$, and at that price it is estimates that the price elasticity of demand is -3.0
Suppose Shaqueena is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
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