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What adjustements can be made to the efficieny wage model to increase realism from the real world labour markets?
Can you explain briefly each about Market Activities, financing, and Banking and summarize all using key words of Firewall and Chinese wall
John has a factory that produces paper and as a side product some chemicals are thrown into the water: one unit of the pollutant per unit of paper. The marginal benefit to John of producing paper is given by MB = 10 - Q. The marginal cost is given by..
1. Contrast keynes and Leijonhufvut policy perspectives on recessions and depressions. 2. A "macroeconomics that is consistent with sustainability development" should adhere to the principles of which economist?
At the moment, the market is completely ignoring things like record US trade deficits and the widening current account deficit. It is also largely ignoring the possibility of Federal Reserve rate cuts. In what way is fiscal easing in Japan relevant h..
According to the theory of purchasing power parity (PPP), what will happen to the value of the dollar (against foreign currencies) if the U.S. price level doubles and price levels in other countries remain constant? Why is the theory more suitable to..
Indicate the following transactions entered in to the U.S balance of payments with double-entry book keeping.
Northwest Iron and Steel is considering getting involved in electronic commerce. A modest e-commerce package is available for 20,000$. if the company wants to recover the cost in 2 years, what is the equivalent amount of a new income that must be rea..
Litigation is more likely to be effective than regulation at deterring a company's harmful (negligent) behavior if: The anticompetitive division of the Federal Trade Commission examines mergers to ensure that they do not create situations in which ab..
The federal minimum wage was last increased from $6.55 to $7.25 per hour. Suppose that the elasticity of labor supply of teenagers is 0.12. Using this estimate, by what percent would you expect teenagers’ quantity of labor supplied to change in respo..
Suppose a consumer's utility function is given by U(X,Y) = X*Y. Also the consumer has $288 to spend, and the price of X, Px=16, and the price of Y, Py=1: How much X and Y should the consumer purchase in order to maximize her utility? How much total u..
Preventive care is not always cost-effective. Suppose that it costs $50 per person to administer a screening exam for a particular disease. Also suppose that if the screening exam finds the disease, the early detection given by the exam will avert $5..
Should the United States pass a minimum wage that assures all workers earn a wage above the poverty level? Defend your position using economic principles. I need a YES answer using economic principles to defend your answer?
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