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Wage differentials between developed and developing countries
Explain why the general level of wages in high in the United States and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the United States.
Airway Express has evening flight from Los Angeles to New York with average of 80 passengers and return flight the next afternoon with average of 50 passengers. Should the airline remain in business?
Explain how many additional workers do you think will file umemployment claims in your state
Illustrate and explain the interaction of households, businesses, government and global markets in the circular flow of economic activity.
You are the manager of a small U.S. firm that sells nails in a competitive U.S. market (the nails you sell are a standardized commodity; stores view your mails as identical to those available from hundreds of other firms).
What types of inefficiencies and/or externalities arise in each renewable resource case that interferes with sustainable and efficient management results?
Examine present global economic and political policies and their impact on business decisions.
Explain how many years would it take to reduce the unemployment rate by 3 percentage points, assuming that the current GDP growth rate will continue into the future.
Elucidate how might raise the chance that the employee would retire earlier as compared with the situation where the employee had to pay for his own health insurance.
Illustrate what is the elasticity of demand for the product that is produced by the company.
What happens to the equilibrium price and quantity in each market? Which product experiences a larger change in quantity? Which product experiences a larger change in price?
Elucidate recommendation should be provided to each state to maximize revenue. Which state was most likely to be following a political unsupportable policy.
Find out the equilibrium market price. Find out the profits of the leader and the follower
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