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Explain how each of the following programs would effect the elasticity of demand for teachers in public education and if so, in which direction.
A. State and federal funding to reduce maximum permissible class sizes under NO CHILD LEFT BEHIND LEGISLATION.
B. Teachers' Union negotiating smaller maximum class sizes.
C. A union negotiated increase in teachers' salaries.
D. An increase in the supply of highly qualified teachers' aides
In the United States, the distribution of income is more equal than the distribution of wealth. Explain this idea and address how reducing inequality could be a macroeconomic goal. Finally, what insights would Marx provide on understanding why inequa..
At 36 units of labor, a firm finds that both average product of labor and marginal product of labor equal 42. We can conclude that the average product curve at 36 units of labor is
Use examples to distinguish between the resource market and the product market in the circular flow model. As we read this unit, how does the circular flow model illustrate how our economy works? How does the circular flow model work? What are the tw..
A sum of money invested at 10% interest, compounded quarterly, will quadruple in amount in approximately how many years?
Assume Jackie is currently paying monthly loan payments of $2,700 on a loan charging 9%, compounded monthly over a 20 year period Jackie still owes 8 years (96 payments) on the loan. The total amount she currently owes on the loan is closest to...?
Many industrialized countries such as the United States attempt to seriously restrict immigration of production workers, but are more open to immigrants who are highly-skilled. Why might this be the case? Why is this a problem for developing countrie..
Why can it be suggested that the fact that the ratio of skilled labor/unskilled labor has risen in almost all U.S. industries in recent years (and not just in traded goods industries) lends support to the view that increased inequality in the United ..
Introduction to Computers
Markets tend to produce:
Anti nuclear activists sued the AEC over the Calvert Cliffs Environmental Impact Statement. In 1971 the Federal Court (via judicial review) ruled that the AECs must do what? Why is this significant?
A monopolist faces the inverse demand curve p = 64 - 2q. At what level of output is his total revenue maximized?
When quantity supplied increases at every possible price, we know that the supply curve has
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