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In addition to the wage rate, which allows us to construct the constraint an individual faces in making his labor supply allocation, there is another piece of information that is necessary to determine the optimal allocation of time between work and leisure. What is it and how do we represent this information in a graph (You do not need to draw a graph to answer this question correctly)?
Prepare a page analysis on What is nominal GDP. What is real GDP. Why are these measures important. What do they tell us.
A local hardware store is trying to decide whether to stay open. They have found that their industry is extremely competitive and profits have shrunk considerably. Knowing that you have taken an economics course the owners have asked for your opin..
consider the equation y cy-t i ga. calculate the total differential for this equation.b. holding i and g constant
How is the american auto industry an oligopoly? 2-3 page paper about this .and how the companies differentiate from one another but yet still initially sell the same products: cars.
The seven-year appointment for the governor of Bank of Canada a. Makes the governor the highest paid official in Ottawa. b. Is reserved for friends of the minister of finance. c. Is reserved for a novice. d. Has the role of insulating the governor..
Elucidate the trend over the past few years. What stage of the Business Cycle would the U.S. economy be in currently given the trends
What do we name the difference between the cost of bringing a product to market (how much it costs to create the product) and the price at which it is sold in a store.
Identify two microeconomics and two macroeconomics principles or concepts from the simulation.
Prove that a diminishing marginal rate of substitution either implies nor is implied by diminishing marginal utility.
Give salary subsidies to firms that hire the less-advantaged. Initiate a federal training program the raises the skills of poor individuals.
Which of the following is a central proposition of orthodox Keynesianism - output is constrained by aggregate supply
A group of college students were given a short course in speed-reading. The instructor was curious if a monetary incentive would influence performance on a reading test taken at the end of the course. Half the students were offered $5 for obtainin..
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