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1. What is the difference between Microeconomics and Macroeconomics? and what are the similarities?
2. Explain under what conditions it would be rational for a woman who could earn more than her husband in the labor market to specialize in housework.
3. Why not just pay employees whatever it takes to get them to take a job and to show up to work everyday?
4. Explain how and why anabolic steroids are abused and the social impact of that abuse.
why is growth in average labor productivity viewed as a key factor in determining long-run living standards?
In part, because of the workplace origins of illness and accident insurance, the perception of the employer’s obligation to cover all or part of health insurance premiums persisted as the scope of coverage broadened and the costs increased. Now, risi..
What is meant by "relative factor intensity of a commodity" and "relative factor abundance of a country"? How are the concepts used to explain the commodity composition of trade? (What a country exports and what it imports). Review sections 5.3 and 5..
Using the Baumol-Tobin Transactions Model, answer the following. Assume the following. The interest rate is 10%. The ATM fee (transaction cost) for withdrawing money is $2. My monthly income is $1,000. What is the optimal number of trips I will make ..
Consider the following panel data fixed effects regression model: Yit = B0 + B1Xit + Y2D2+ Y3D3i + +...Y4Dni + eit
Point out which costs in the preceding question are considered "relevant" and which are considered "irrelevant" to a business decision. Explain why.
Unemployment is one of the major concerns that people have in today’s economy, since losing one’s job can be one of the most devastating events a person can experience. But what do the numbers actually mean? What is the actual state of the economy, i..
999, after nearly 20 years of rent control in Berkeley (CA), the removal of the law led to a rise in rents of nearly 40%. Describe how rent control affected the S&D graph for the rental-housing market: did this cause a shift in D or S or was it a cha..
A $10,000 par value bond with coupons at 8%, convertible semi annually, is being sold three years and four months before the bond matures. The bond is redeemable at $C, and purchase will yield 6% convertible semi annually to the buyer. The price of t..
Suppose there are two similar firms in a market that are strategically interdependent. Firm A and Firm B. Firm A is a larger firm than firm B. Basically each needs to determine whether to “collude” or to “cheat” in an oligopolistic market.
Read the case study titled "Florida Department of Management Services Part I" found at the end of Chapter 5. Refer to the DMS Website, located at http://www.dms.myflorida.com, for further reference.
When economists attempt to predict the spending patterns of U.S. households, they will typically view the ____________ as a primary determining factor that influences the individual consumption choices that each will make. The step-by-step process of..
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