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1. How has the educational system affected the quality of our labor force?
2. Explain the Malthusian theory of population. Is it relevant today anywhere in the world? Explain where and why.
3. How does the American savings rate compare to that of other leading industrial nations? What accounts for the difference?
4. What changes took place during the Industrial Revolution that made possible sustained economic growth?
5. If you were hired as an efficiency consultant by a large corporation, list the measures you might take to raise the productivity of the workers.
6. What is wrong with having tariffs and quotas? Which is the lesser of the two evils, and why?
The labor supply function is given by N=1000+12w and labor demand is N=2000-8w. Find the equilibrium level of employment and wage. Given existing technology and the capital stock, output is given by the function Y=100N. Does the function exhibit dimi..
Subsidy programs are likely to have a number of secondary effects in addition to the direct effect on dairy prices. Explain what impact do you suppose farm subsidies are likely to have on the following?
Assume that the price of smart phones increased from $420 to $444 per unit. The manufacturer decides to supply 15,000 units instead of 12,000. Calculate the price elasticity of supply.
q.remington inc. purchases a machine that costs 700000 and has an approximate d useful life of 10 years a macrs
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
How has the tightening of consumer credited effected individual spending and in turn the U.S. economy? Has this strategy by the financial institutions helped our economic recovery?
Do sibs have the expected effect. Explain. Holding medic and feduc fixed, by how much do sibs have to increase to reduce predicted years of education by one year.
Calculate and compare the profit under each flight. Should the airline replace its night flight from Los Angeles with a morning flight?
What are some examples of behavior that at one time wire victimless crimes that are no longer criminal.
directly to patients, who then would be free to choose their health care providers. Whether or not you agree, can you give an economic rationale for this approach to governmental health care funding?
An agency is having problems with personal phone calls made during working hours.
The General Manager (GM) of a car dealership is working on a three year business plan. The GM expects inflation to rise over the next three years.
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