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1. Explain why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important single factor underlying the long-run increase in average real-wage rates in the United States?
2. "Many of the lowest-paid people in society-for example, short-order cooks-also have relatively poor working conditions. Hence, the notion of compensating wage differentials is disproved." Do you agree? Explain.
3. Which industries and occupations have the highest rates of unionization? Which the lowest? Speculate on the reasons for such large differences.
Discuss how does the price elasticity of demand affect a company's strategic positioning for competitive advantage also discuss how may a company achieve competitive advantage?
Authorized and available shares Aspin Company charter authorizes issuance of 2,000,000 shares of common stock. Currently, 1,400,000 shares are outstanding and 100,000 shares are being held as treasury stock.
Define NAFTA using the internet to gather some information about NAFTA and why and when it was started?
In 1968 and 1980, the United States economy experienced a slowdown in productivity incremental. However, since the mid 1980s, economy has experienced higher in the growth rate in productivity.
The extensive application of protective tariffs destroys ability of international market system to allocate resources efficiently.
Based on government report, the U.S. can manufacture 3-computers or 3,000 cases of win with one unit of resources, while Germany can manufacture one computer or 5,000 cases of whine with one unit of resources.
The economy's Investment Function, indicates that when the expected real rate of interest increases agents in the economy respond and what happens to the import price of this tablet and the number of tablets imported into the US?
Does the difference in the change in the general CPI compared to the change in the Medical CPI clearly indicate that there has been more inflation in the medical industry than overall in the economy?
If we do engage in foreign trade, should we bound foreign trade to country's that engage in fair trade throgh giving us access to domestic markets and reciprocal import tariff decrease that mirror our tarriff reductions on our imports from them?
Calculate and Plot using a spreadsheet (like Ms Excel) the series for Nominal GDP
Suppose a scenario where you are an entrepreneur considering to increase your production of kitchen gadgets. You need to pay back a loan of $5,000,000 over 5-years.
Big businesses and small businesses now compete in a truly global economy. To be successful in another nation it is essential to understand and appreciate the cultural differences that exist.
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