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Watch the video and answer.
5 sentance for each question
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1. Do you support the concept of a minimum wage? Explain your rationale.
2. Proponents of minimum wage contend that it helps reduce poverty, do you believe this is the case?
3. What are some of the ethical issues in having a minimum wage?
4. The city of Seattle recently passed a $15 minimum wage. Do you see any problems with this mandate?
5. Congress is responsible for setting the federal minimum wage, but often neglects this duty, the current rate of $7.25 was set in July of 2009. Why is this problemattic?
Recognize three well-founded reasons supporting the potentially beneficial role for government intervention in the workings of private marketplace.
Write down maximization problem of firm and find labor demand curve
it is unfair but true that bad things happen. unfortunately when people expect bad things to happen they often make
In studying the farm demand for tractors, Griliches used the following model*: T * t = α X1,t-1β1 X2,t-1 β2 - What is the estimated coef?cient of adjustment?
Write the estimated equation for marginal revenue - Write Domino's estimated AVC equation and write Domino's estimated TVC equation.
Rank the countries according to GDP per person in the most recent year for which you collected data. List the countries with the 10 highest levels of GDP per person. Has the composition of the 10 richest countries changed since 1970?
What price would Soft Rock have to charge to sell 2,000 T shirts? Compute the own price elasticity of demand when the price goes from $5 to $4.
What difference does it make, if any, if technology is moving very fast in the market so that this game proves to be one-time-only simultaneous play?
Mr. Smith, a holder of a deposit account in Bank of Summertime, withdraws $ 2000 and immigrates to Wintertime. Show the position of the bank after it has adjusted to the withdrawal. (Assume no cash drain).
What is “consumption smoothing”? Explain what key role “consumption smoothing” plays in the life-cycle hypothesis and the permanent-income hypothesis?
Identify which of the following situations currently faced by the World Bank or the International Monetary Fund are examples of adverse selection and which are examples of moral hazard.
In each of your examples, show how innovation and learning-by-doing are important to the dynamic increasing returns in the industry.
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