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Why do you believe legislation is passed to mandate minimum wages, when evidence, such as cited in Macpherson's article exists?
In country B the opportunity cost of 100 gallons of beer is 0.95 tons of cereal. Both countries can experience gains from trade if the exchange rate for a ton of cereal is 96 gallons of beer
Lakisha has a utility function for income given by U(I)=√I. Lakisha is ___ (risk averse/risk loving/risk neutral). Lakisha is considering an investment that would give her an income of $10,000 with a probability of .5 or an income of $20,000 with a p..
Which of the following is the most accurate statement? Americans are very willing to buy domestically produced goods, even if there are more expensive than imported goods. We import more foreign goods than we did 40 years ago, but the merchandise imp..
Suppose that nominal GDP equals $15 trillion, the current budget deficit is $600 billion, and the net public debt/GDP ratio is 80 percent. Given that the government wishes to maintain the net public debt/GDP ratio at 80 percent, explain whether the g..
In response to competitive pressure from some of its best clients, a Chicago law firm (the "firm") created a program to pre-bill these clients using a flat montly fee in lieu of traditional hourly-billing. Analyze the key economic issues in the case...
Give an intuitive explanation for the optimal tariff argument.
Who is hurt and who is helped by an increase in the legal minimum wage? Under what circumstances might a higher minimum not reduce employment?
q.consider a solow growth model with cobb-douglas construction depreciation rate delta savings rates population growth
Higher saving rates result in higher future growth rates because. Which of the following is an example of investment in calculating Gross Domestic Product (GDP)?
In a market where government has set the maximum price below the equilibrium price, one might expect:
Suppose that Clancy and Eileen are the only suppliers of pizza slices in a particular market. The following table shows their weekly supply schedules: Price Clancy's Quantity Supplied Eileen's Quantity Supplied (Dollars per slice) (Slices) (Slices) 1..
When companies expand into the international arena, they do so either because their home market has matured or because they see real opportunities in the foreign market. Discuss which kinds of international strategies are most appropriate for compani..
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