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Discuss the impact of the minimum wage when there are two sectors in the economy, one is subjected to the minimum wage and the other is not.
3. A small country can import a good at a world price of 10 per unit. The domestic supply curve of the good is S = 20 + 10P , D = 400 - 5P.
Suppose that budding economist Buck measures the inverse demand curve for toffee as P = $100 - QD, and the inverse supply curve as P = QS. Buck's economist friend Penny likes to measure everything in cents. She measures the inverse demand for t..
Is there any difference between the two approaches of the Keynesian theory and the new Keynesian theory in terms of short-run implications? What are the long-run implications on price level and GDP?
suppose that the reserve requirement is 10 and the balance sheet of the peoples national bank looks like the
Discuss how do reducing tax policies on electricity and imported luxury cars in short run affect firm revenue, consumer expenditure and government tax revenue?
your neighbor cindy wants to start a contracting business for installing solar panels. she has heard of the cost
Suppose you own an insurance company. Further suppose that this market is composed of only 3 people. Further still, supposed that this insurance is full coverage and medical expenses are always $1000. It would be logical to also assume conditions ..
A major defence supplier expects to generate additional revenue from its recently won government contract. The company expects the revenue will be $110 million in the first year and the revenue increasing by $2.5 million each year for the next 4 year..
Economists maintain that as more of a good or service is consumed, per unit of time, the marginal benefit ___________; therefore before buyers will purchase more and more of a good, its price must ____________. Mary is in equilibrium. The MUa =6, MUb..
What is absolute advantage What is comparative advantage Is itpossible for a country to have a comparative advantage in producinga good without also having an absolute advantage
law and the court system the law firm for which you work is in the state of louisiana and is in the process of
Suppose a drug developer just received a patent on a new chemical compound, which could be used in developing a new drug to control cholesterol. The developer knows (with certainty) that it could successfully develop the compound into a safe
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