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Explain how each of the following would affect the equilibrium real wage, and equilibrium level of employment.a. A relaxation of immigration laws which leads to a large increase in the number of immigrants entering the country.b. An applications of technology to education which improve the abilities of high school seniors.c. A kind of trade liberalization which makes room for all firms to export to a greater set of foreign markets.
Consider another economy in which the unemployment rate over the next three years is 6%, 7%, and then 4%. According to Okun's Law, what are the levels of short run output (Y tilde) in this economy? Suppose short-run output over the next four years ..
Explain any other differences among selling the mobility product in the United States and selling it in your three targeted countries.
The technology helps to grow productivity, which in turn frees up resources - permit interest rates to remain lower than otherwise possible. But i am not sure how increased productivity drives economic growth.
Explain how does the state of the economy affect federal budget. Explain how can macroeconomic variables inter-relate to each other.
the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is -1.8..
Essay on Market imperfection associated with negative externalities.
Import Quotas also voluntary export agreements are often used instead of tariffs. What are the differences.
A firm has a long-run cost function C1(y) = y^3 - 10y^2 + 30y. 1) Derive the firm's long-run average cost function 2) Derive the firm's long-run marginal cost function 3) Find the level of production with the lowest average cost 4) What is..
Impliment the formula to earnings rather than operating income also use a required return for equity of 9 percent.
Elucidate what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred.
Explain why do you think the labor supply curve for very gifted or unique people is quite inelastic.
Compute the elasticity of demand in going from 2 unit to 3 units. Is the demand elastic or inelastic in this range.
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