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Assume a firm wants to hire single people.
a. Explain why this firm may not be able to offer single people more money than it offers people with families.
b. Explain how this firm could attract single people without violating discrimination laws.
If I were a multinational U.S. corporation who enters into a joint venture in Brazil (with a Brazilian company) to make and sell a product in Brazil---but the currency is dropping against the U.S. dollar, and the economy is in a recession, what does ..
What happened to the Leontief paradox when human capital embodied in U.S. exports was accounted for as a separate factor of production? Does this help to explain why college graduates might favor international trade more than those with significantly..
A demand curve shows the relationship between:
Assume the market for a commodity is described by the demand and supply functions. Determine the equilibrium price and quantity in this market. Draw a graph to illustrate your answer and compute the consumer surplus and the producer surplus.
You are considering selling your house. Your reservation value is $100,000. Your real-estate agent tells you that there is a 0.4 chance a random buyer will pay $150,000, a 0.25 chance the buyer will pay $200,000, a 0.1 chance the buyer will pay $250,..
Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of rebate.
In 2016, economists forecast the U.S. MPS will be 0.15 and the MPM will be 0.10. Estimate the maximum overall total effect on national income of the following two changes in fiscal policy: A decrease in govt spending of $100 billion and a decrease in..
Suppose that the government pursues expansionary fiscal policy by lowering taxes. What are the expected demand-side effects? What are the possible offsets to the demand-side effect? How might supply-side effects change these results?
Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.
Use the above graph to construct a production possbililites curve placing corn on vertical axis and paper on the horizontal axis. What is the marginal opportunity cost of producing the first unit of paper? The marginal opportunity cost of producing t..
How much does it cost to practice medicine? Are malpractice insurance premiums a major cause of higher doctor bills? Is medical care sold like other goods and services?
Suppose the government of a desert community wants to punish excessive water usage, where "excessive" is defined as any usage greater than 100 gallons/week. to do this, the government paces a flat $100 income tax on anyone who consumes more than 100 ..
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