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How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire disadvantaged people for "eligible jobs." Evaluate this plan in terms of market incentives, one of the ten principles of economics, to work and current welfare programs. Is the Phelps' plan an improvement over current government policies? Discuss
A spike in unemployment rate - the largest in more than 2-decades - increased new concerns Friday that a weak labor outlook, high oil prices and continuing woes in housing and credit markets are leading the United States economy into a painful recess..
Use the expenditure approach to comput GDP. Use the income approach to calculate GDP.
Local government in a west Coast college town is concerned about recent explosion in apartment rental rates for students and other low income renters.
Is raising agricultural productivity sufficient to improve rural life in LDCs. Illustrate what policies can be designed to transform agricultural development and raise levels of living in rural areas in LDCs.
Illustrate what would shoppers see when they shopped in Wal-Mart and the other "big box" stores that sell so many imported items
What about labour markets Is there any difference between labour and commodities that would make the theory a better representation in one case than the other. Do you feel that theory works for commodities markets in general.
Allowing free trade between countries can be beneficial, but it also imposes costs. Use the ITT Tech Virtual Library to research costs and benefits of allowing free trade. Discuss aspects of international trade that some may consider unfair.
Economists are often criticized for making assumptions. Explain why are assumptions necessary? To think about this, you might consider an assumption that is often made,
Utilizing the Solow Growth Model describe long-run growth in an economy. Explain why an economy should strive to reach its golden rule steady state level.
To hire workers, suppose that Mitsubishi must pay the competitive hourly wage of ¥1,470. In the study of its production process and markets where capital is procured, suppose that Mitsubishi determines that its marginal productivity of capital is ..
The perticular information needed to calculate each metric should be discussed. For each metric discuss the appropriate target value and the actions that need to be taken to achieve the target.
Discuss the role of the Federal Open Market Committee in conducting monetary policy.
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