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In an effort to stop the migration of many of the automobile manufacturing facilities from the Detroit area, Detroit’s city council is considering passing a law that would give investment tax credits to auto manufacturers. What this means is that it would reduce auto manufacturers costs of using capital and high tech equipment in their production processes. On the evening of the vote, local union officials voiced serious objections to the law. As a union official, outline the basis of your objection As a representative of one of the auto manufacturers, what are your counter arguments? at least 200 words
If the economy is experiencing inflation, then the most appropriate government policy would be to:
a perfectly competitive firm has the following short-run total costquantitytotal
The U.S. is in recession and, at last report, GDP was shrinking at a rate of 1% per year. The unemployment rate is rising and now stands at 7%. In recent months, the rate of inflation has been holding steady and is increasing at an annual rate ..
suppose that at the same time as this demographic change occurs more college students decide to major in nursing. use a
Why is the demand for water price-inelastic and in those regions where outdoor use of water makes up relatively large portion of total use, the price elasticity is high. Why?
the government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues
The owners of the copper smelters to operate each smelter longer than has been the practice in the past affect the elasticity of demand for labour in the copper industry.
Will an increase in the demand for a monopolist"s product always result in a higher price? Explain. Will an increase in the supply facing a monopsonist buyer always result in a lower price? Explain.
Write about the problem or issue as if you are explaining it to someone who has never taken an economics class.
Some economists studying the effects of the minimum wage law have found that it tends to reduce the employment of black teenagers relative to white teenagers. Briefly explain the economics behind this finding.
What are issues in choice of functional form and what would be an alternate functional form that avoids these issues?
Describe the economic characteristics and significance of Rostow’s take-off stage in economic growth and discuss whether China has undergone that stage at any time. Show evidence?
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