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Many people are concerned about changes in the distribution of income.
1. Is there greater inequality in the distribution of annual income or in the distribution of annual consumption? Which distribution is usually more relevant to concerns about inequality?
2. What is “churning” of the income distribution? How does the extent of churning influence your interpretation of the distribution of annual incomes? All else equal, how does the extent of churning affect the size of the credit market?
3. As you know, the distribution of income has become less equal over the last 30 years. What is leading hypothesis that explains this trend? Explain briefly.
4. Empirically speaking, at least two other factors appear capable of explaining at least a portion of the trend in wage inequality. Identify and explain one of them.
A geothermal heat pum can save up to 84% of the annual heating and cooling bills of a certain home in the norotheaster US. In this region, the yearly cost of conventionally heating and cooling a 2,000 square foot house is about $2,900. The maximum am..
The unemployment rate in an economy is 6%. The total population of the economy is 290 million, and the size of the civilian labor force in 150 million. Illustrate the number of unemployed workers in this economy.
Bryan's muffins, Inc., generated $5,000,000 in sales during 2013, and it's yearend total assets were $2,500,000. Also at year end 2013, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $2..
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What is the equal-payment series for 10 years that is equivalent to a payment series starting with $15,000 at the end of the first year and decreasing by $3,000 each year over 10 years? Interest is 9% compounded annually.
What has been happening in Florida in general in terms of unemployment over this time period. What about for GDP.
Many ethical issues existed within in the Dalkon Shield scandal. "There is ample evidence that A. H. Robins Company advertised, developed, tested, exported, and continued to market a product that was known to be dangerous and ineffective"
Illustrate what is explict opportunicy cost of attending college. what is an implicit opportunity cost of attending college.
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Discuss how policy makers can incorporate the Domestic Climate Policy Framework into a widely accepted environmental policy. Provide examples
Compare and contrast internal and external validity. Describe and give examples of research questions for which external validity is a primary concern. Describe and give examples of research questions in which internal validity is a primary concern. ..
show which own-price elasticity of Rohan's Marshallian demand for any good is independent of his income. To show that the income elasticity of his Marshallian demand for any good is equal to 1.
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