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Tamara earns $8 an hour and works 60 hours/week. Draw her labor-leisure budget constraint. What determines its slope? How does the position and slope of her budget constraint change if her wage increases to $16 per hour?
In the economy of Qonos in 2067 exports were $670, GDP was $8,652, imports were $1,281, investment was $1,544 and consumption was $2,325. What was Qonos's government spending in 2067?
In 1997 the Government of Ontario reformed that province’s welfare system. The reform reduced the amount of welfare payments to a person with no income, but also allowed welfare recipients to keep a larger part of their welfare payments if they did e..
Suppose the people of Pongo love the sound and smell of burps. When a person burps, it makes this person happy and all other people around them happy. However, burping is exhausting. Which principle of economics deals with this topic?
Suppose the government reduces taxes by $20billion, that there is no crowding out and the marginal propensity to consume is 3/4. what is the initial effect of the tax reduction on aggregate demand? what additional effect follow this initial effect? w..
One government policy for dealing with a natural monopoly is to:
Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes.
Please discuss the differences between a traditional staff model HMO managed care plan and a PPO managed care plan. Also explain the differences between a POS managed care plan and an IPA managed care plan.
If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium.
Consider the market for gasoline. Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $20.50 per hour. The government prohibits gas stations f..
If the demand for gold residue high explain what would happen to the price in excess of time.
In 1990, the ratio of Japanese to US labor productivity in the steel and consumer electronics industries were estimated to approximately 1.4 and 1.12. What country has the comparative advantage in producing steel and what country has the comparative ..
The university is seeking a grants to cover capital cost. How big of a grant would make this project worthwhile (to the university)?
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