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1. Under what elasticity conditions would the following be true?
"Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage." 2. The market for gasoline has changed in a couple significant ways over the last few years: new technologies have decreased the costs associated with producing gasoline, and automobiles are becoming more fuel efficient. Describe how these changes affect the supply of and demand for gasoline. What is the overall effect on equilibrium price?
Consumer and investor optimism and pessimism matter a great deal in the economy - what will happen to aggregate demand?
Discuss both here as well as your thoughts about the degree of difficulty that a non-domestic firm would have entering the country - Determine the country's trade agreements and methods of trade intervention.
what is the future of globalization? what do you personally think the greatest future challenge may be to global
suppose that u.s. citizens start saving more. what does this imply about the supply of loanable funds and the
price escalation is a major pricing problem for the international marketer. explain the concept of price escalation and
What is an example of a normal good and an inferior good - Why did you classify them as normal and inferior goods?
In the book ''The Travels of the T-shirt in the Global Economy'' Is China's domination of the textile industry best described as a victory or a failure? Give three reasons for the United States domination of the global cotton industry.
Discuss the difference between a change in demand and a change in quantity demanded in terms of causes and in how they appear graphically.
consider an c the production function is unspecified but we know that the theory of distribution todwpmpn holds.
a researcher estimated that the price elasticity of demand for automobiles in the united states is - 1.2 while the
suppose there are two firms with one demand function. this same common demand function is from hwq 1000 - 40p
Suppose that a company has a fixed proportions production function that requires it to use two machines and one worker to produce 1000 units per hour. Explain why the cost per hour of producing 1000 units is 2v+w (where v is the hourly rent for the m..
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