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Determine whether each of the following would increase or decrease the opportunity cost for mothers who choose not to accept work outside the home. Explain
a. Higher levels of education
b. Higher unemployment rates for wwomen
c. Higher average pay levels for women.
d. Lower demand for labor in industrie...
price floor. There is considerable interest in whether the minimum wage rate contributes to teenage unemployment. draw a demand and supply diagram for the unskilled labor market, and discuss the effects of minimum wage. Who is helped and who is hu..
Expalin why did not Keynesian theory provide successful solutions to the German economy where unemployment currently around 14%.
In the Ricardian model, everyone seems to benefit from trade. However, the Heckscher-Ohlin model seems to show that some lose from trade as well. Who are the losers in the HO model and how do they not benefit from trade
Explain what happens to price and quantity of oil when the following events occur:
If a representative firm with long-run total cost given by TC = 50+2q+2q^2 operates in a competitive industry where the short-run market demand and supply curves are given by Qd = 1,410 - 40P and Qs = -390 +20P, its long-run profit maximizing leve..
Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back..
Discuss how conservatives, liberals and radicals explain the causes of and solutions to poverty. what evidence do they use to support their view.
What are two possible fiscal policy solutions for the problem? Using a Keynesian approach, you should be able to get numerical solutions. More points are given for numerical solutions.
Please describe how do Keynesian and Real Business Cycle economists differ on right response to Japanese stagnation? On what sorts of issues might they be able to agree?
Suppose all employers in city c decide to adopt a 4-day week, so that workers ether work 10 hours per day for 4 days or work at home for one day a week. Wages remain the same. How does this change affect the bid rent function
For the 2nd quarter of 2011, identify the estimate for the current dollar value of Gross Domestic Product for the USA and explain in words what this number measures.
What strategy was Avon pursuing until the mid-2000s What were the advantages of this strategy What were the disadvantages What changes did Andrea Jung make in Avon's strategy after 2005 What were thebenefits of these changes? Can you see any drawbac..
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