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Currently, the island of Guam does not have a minimum wage requirement but uses the U.S. minimum wage as a reference. Provide a theoretical justification for why the imposition of a $5.15 minimum wage in Guam might have a detectable impact on overall employment on the island. Explain why the $5.15 minimum wage in New Jersey likely has less of a detectable impact on employment.
Explain is it false that the influence that FED policies have on excess reserves makes a difference.
Quantity of pizzas demanded soared he following week from 1 pie an hour to 100 pies an hour. Illustrate what was the price elasticity of demand for Domino's pizza.
Explain how sensitive do you think your organization is to economic expansions upswings and contractions.
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
The primary period had been 10 years, what would the compound growth rate have been then. What would you expect the sales to be after 16 more years.
To finance this subsidy every pair of stilts purchased by someone who is tall is taxed at a rate of T percent.
Why is it not surprising to find that in an oligopoly which sells a basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixing?
Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..
When the Bank of Canada sells the government bonds to a commercial bank, the commercial bank experiences a decline in reserves and in increase in bonds. Total assets are unchanged; this is just a portfolio switch between bonds and cash.
what are the implications for economic growth and development for these nations.
Illustrtae what are the different incentives that investors have to hold TIPS.
Draw a graph of the UK labour market that shows the demand for labour, the supply of labour, and the real wage rate in 1973 and 2003. Draw a graph of the UK production function in 1973 and 2003. Make sure your graph shows potential GDP in both year..
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