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Women have increased the amount of education they have achieved relative to men, and average years of schooling completed are now approximately the same for males and females. Human capital theory predicts that this would close the male-female earnings gap. In fact, this has not happened. How can you explain it?
Some real estate economists have argued that anchor stores in shopping malls create significant externalities for overall sales.
A no of empirical studies of automobile demand yielded the subsiquent estimates of income and price elasticities
When will the Fed want to raise the Federal funds rate? What is the ultimate effect on real GDP and the inflation rate from raising the federal funds rate?
Explain how much utility will the marginal dollar yield.
Expalin why did not Keynesian theory provide successful solutions to the German economy where unemployment currently around 14%.
Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor. Show this situation graphically, using W1 to indicate the equilibrium wage rate and Q1 to show the number of ..
Nico Nelson, management trainee at a large New York based bank is trying to determine the real rate of return expected by investors. He notes that the 3-month T-bill currently yields 3%,
The company from which Karen is renting decides to try a new pricing strategy whereby the additional cost falls as more tents are rented. The following chart details Karen's total willingness to pay and the total cost of renting tents under the co..
Suppose prices are determined as a simple mark-up over expected wages: p-w^e=a0-a1U Assume further that wages are a simple mark-up over expected prices: w-p^e=B0-B1U Use the equations above to show that when prices are different from price expectat..
Illustrate what school of thought would make this suggestion, and how do economists of that school justify that prescription.
when walmart locates in a smaller town, often the local retailers hardware, clothing and appliance are unable to successfully compete and are driver out of business why does walmart have a cost advantage over its competitor and charge lower prices
How the Unemployment Rate Affects the U.S. Economy and how the Unemployment Rate Affects
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