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Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents? Explain, distinguishing between the short run and the long run.
Explain how would each economist explain unemployment and what policies would each advocate.
If the price of 1 pound of cereals is $10 and the price of a sword is $100, what is the wage rate paid to Hobbits in the Shire? How many Hobbits work in the cereal sector? In sword sector? Because of the War of the Ring, the price of a sword went ..
Why were those who took out hybrid loans at far greater risk of foreclosure when the Fed began raising interest rates and how are each of the following events likely to affect the value of the dollar relative to the euro?
Then list one good reason to allow tire imports and one good reason to restrict tire imports. Give a short explanation for each reason.
suppose that in a given period, 9% of the unemployed people will find jobs and 3% of employed people will lose their jobs. In the U.S, unemployment is at 8.1%, 1% of employed people will lose their job, and 19% of unemployed will find jobs.
Draw a set of indifference curves for Jones, and second set for Smith, with alcoholic drinks on vertical axis and non-alcoholic on the horizontal axis.
You were recently hired to replace the manager of the Roller Division at a major conveyor-manufacturing firm, despite the manager's strong external sales record. Roller manufacturing is relatively simple, requiring only labor and a machine that cu..
Every so often, a disgruntled college graduate sues her school on grounds that her tuition payments did not land her the good job she was expecting when she started there. Courts invariably throw out cases like hers. They are, however, willing to ..
Illustrate what are other significant impacts of globalization on the U.S. economy. World economy.
The following table contains 3-hypothetical public assistance plans. Calculate the minimum income, the benefit- reduction rate, and the break-even income for each plan.
Explain how do you plan to use this while making decisions about public expenditures.
Depends on your discussion, what is the most critical element(determinant) when considering the determinants of supply. In other words, what determinant has the greatest influence on the economy.
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