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In a recent speech, the governor of your state announced: "One of the biggest causes of juvenile delinquency in this state is the high unemployment among 16 to 19 year olds. The low wages offered by employers in the state have given fewer teenagers the incentive to find summer employment. Instead of working all summer, the way we used to do, today's teenagers slack off and cause trouble. To address this problem, I propose to raise the state's minimum wage by $1.50 per hour. This will give teens the proper incentive to go out and find meaningful employment when they are not in school". Evaluate the governor's plan to reduce juvenile delinquency.
Two would-be wine makers are contemplating entering the low end wine market in country of Zuba. Two types of wine are being considered by both.
What do you understand by the terms 'inflation' and 'unemployment? Identify their main elements and causes. What is the relationship between inflation and unemployment? Use diagrams to answer the question.
A recent report indicatesthat nearly 50 Americans contract HIV every year through blood transfusions. Although every pint of blood donated in the United States undergoes a battery of 9-different tests,
How much have prices risen between 2000 and 2010? Compare the answers given by the Laspeyres and Passche price indexes.
Assume you are an aid to a government official deciding on some recently proposed excise tax on the welfare of her constituents.
Discuss John Maynard Keynes' contribution to the theories of Macroeconomics. Why was he such an important economist.
Elucidate the most important economic indicator affecting your organization and explain why.
The World Bank is currently advising newly industrialized nations on how to increase growth and they have asked for your help.
This customer can buy or sell the commodity depending on its cost.
Describe five additional factors that you consider most significant for forecasting the demand for natural gas over the next decade and briefly outline the processes you would use in gathering and analyzing these five additional factors for forecas..
Explain how is their gain or loss determined. What is the maximum loss to a purchaser of a futures contract.
The New York Times cost $0.15 in 1970 and $0.75 in 2000. Average wage in manufacturing was $3.23 a hour in 1970 and $14.32 in 2000.
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