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The New York Times cost $0.15 in 1970 and $0.75 in 2000. The average wage in manufacturing was $3.23 per hour in 1970 and $14.32 in 2000.
a. By what percentage did the price of a newspaper rise?b. By what percentage did the wage rise?c. In each year, how many minutes does a worker have to work to earn enough to buy a newspaper?d. Did workers' purchasing power in terms of newspapers rise or fall?
According to Colander, the perfect definition of economics. The three central coordination problems any economic system must solve.
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
Find out the utility with full insurance for the treatment also how much would the individual be willing to pay to obtain such insurance than the fair premium.
Describe whether capital generated in the industrialized countries is finding its way to the less-developed.
What happens to labour supply increases?-He will work more as wages increase, but only if n > 0.
Illustrate what have been the implications for the business environment facing foreign investors of measures taken by the Indonesian government since the onset of the East Asian financial crisis in 1997.
Assume that tuition prices suddenly go up 20 percent. What impact will this single price increase have on the CPI.
Elucidate in Olipolistic terms, and with graphs, what is really happening. Shoud the US anti-trust laws be invoked in industries like this.
Elucidate how an attempt by the government to lower inflation could cause unemployment.
Illustrate what are the effects of the current tax policy on US businesses in the short-run and in the long-run.
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are:
Utilizing aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, explain the process by which each government policies will move the enconomy from one long-run macroeconomic equilibruium to another.
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