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Some people claim that the “economic way of thinking” does not apply to issues such as health care. Describe how economics does apply to this issue by developing a “model” of an individual’s choice?
Calculate consumer surplus in the case of entry deterrence and in the case of entry accommodation. Which situation leads to the largest consumer surplus?
Minimum wage laws are controversial for many reasons. One is that they may not be beneficial to the workers that they are most intended to help.
A change in the price of good causes a movement along the same demand curve whereas a change in any other determinant of demand causes a shift in the demand curve. Discuss the factors that would affect the demand for higher education (increase or to ..
1)How does a high rate of inflation affect money in all its different roles?
Courts in Japan have recently begun to make awards to the families of workers who have been judged to have been "worked to death." That is, employers have been increasingly required by courts to make large financial payments
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the ec..
Country A and Country B have identical population growth rates of 1 percent per annum, and everyone in each country always works 40 hours per week. Labor productivity grows at a rate of 2 percent in Country A and a rate
Country A has 2000 units of labor and can produce two goods, manufactures and food.
based on 21 months of past data ziggys drive-in has determined that the demand for its hamburgers is given by the
the econanalyst corporation is a think tank located on 15 prime acres of seafront property in miami florida.
don masters and two of his colleagues are considering opening a law office in a large metropolitan area that would make
What is the welfare loss in the labor market compared to the case where the engineer labor market is competitive?
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