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Suppose that the way that the workers’ compensation system currently works is that an employee permanently injured on the job receives a payment of $X a year each year, regardless of whether he works or not. Suppose the government implements a reform of the program in which those permanently injured workers who did not work at all get a payment of $X/2 a year and those that do work receive a payment of $X/2 per year plus an additional payment of $1.00 an hour for each hour they do work (above and beyond the wage that their employers pay them). Would hours of work for permanently injured workers likely increase or decrease under the reformed program? In answering this question assume that all permanently injured workers can earn a wage of $W an hour.
The real exchange rate shows
A firm has a production function, q=AL^a K^(1-a), where 0
Discuss the effect of the following public policies on the supply of labor. If there is a difference, discuss how the effect varies over time (e.g., now versus in the future) or across different groups of people. Allowing a tax credit for childcare e..
Brinley puts on an art show in a public space asking for donations base on how much people enjoy his work.
Basically, speculators borrowed pesos also after that sold pesos for dollars in the open marketplace.
A firm's marginal revenue is $133 and its marginal cost is #90 illustrate what amount of profit does the firm fail to pick up by refusing to incease output by one unit.
Illustrate what is the marginal cost of the 1,000th packet. Is this firm making an economic profit, a normal profit, or an economic loss
The efficient market hypothesis states that:
Calculate the percentage growth rate in real GNP per capita in each of the years 1996 through 2002 from the previous year, using the definition of growth rate.
Sometimes stores have sales that limit the quantity you can purchase at the sale price. If you buy more than the limit, you pay the full price. Assume that your local grocery store is having a sale on yogurt where the first 5 are on sale for $1.00 pe..
Clearly explain the implication of the crowding-out effect on the link between government deficits, interest rates and inflation?
Which good is likely to have more elastic demand: soda or new cars? Explain your answer, also assume that all brands of each good experience a price change.
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