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Identify whether each of the following raises labor demand or lowers labor supply (includes slowing labor supply growth) in labor market X.Increase the minimum wage for workers less skilled than labor market X.
Pass laws prohibiting children from working in labor market X.
Require a license to work in labor market X.
Increase tariffs on imports that compete with labor market X employers.
Limits on immigration for those who might work in labor market X.
Buy American campaign run by workers in labor market X.
In what particular ways (if any) does a college education increase a worker's productivity? Take some special care with this problem.
Industry structure is often examine through computing the 4-company Concentration Ratio. Assume you have an industry with 20 firms and the CR is 30 percent.
What did you end up doing? Explain using a two time period budget equation and congress must be happy with your findings. You are sitting at your desk starring at your very first bonus.
What is the new equilibrium price and what is the new equilibrium quantity, how many bags were oranges being overproduced before?
Consider a firm which employs capital and labor as inputs and sells 5,000 units of output per year at the going market price of $10. As well suppose that total labor costs to the firm are $45,000 annually.
How does a decrease in demand for movie tickets affect equilibrium in the market for movie tickets and what is the marginal cost of producing the second car?
Which of the following changes to fiscal stimulus package of 2009 for $862 billion (under the bill called American Recovery and Reinvestment Act of 2009) would have a larger overall impact on AD? Explain your answer with credible logic and analysi..
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Set up the consumer's utility maximization problem for prices pi, p2 and income m and how can this person be better off than by consuming the bundle
Determine how the following situations will affect the demand curve for ipods.
Kenya is a state that is a part of the African Nation. Talk about the exchange rates and their money supply. Also write about whether or not Kenya has a promising future.
Governments have several means available to guide and influence competition in the marketplace. These means include government ownership of firms and industrial policy.
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