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1. In the unskilled labor market, workers are often young and inexperienced. Having little past performance to judge potential employees on, many firms hire workers for a trial period with the understanding that the worker will be dismissed for substandard performance. The commentators think France should reduce its job protection rights. Job protection rights make it relatively difficult and expensive for French firms to fire workers. How do restrictive job protection measures affect the demand for unskilled workers? Do they benefit or help the unskilled worker? Explain. 2. French officials defend job protection measures, arguing that job security makes workers happier and that happier workers are more productive workers. Do you think job protection measures could affect worker productivity and happiness on the job? Explain.
Draw the wage-schooling locus for someone for whom returns to schooling decrease through college but increase after college
What is a minimum monthly rent required to make this investment economically acceptable if the company's minimum attractive rate of return is 6% per year, compounded monthly?
Elucidate how does the theory of the industry provide an integrated framework for the analysis of managerial decision making.
It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. Are you still thinking that Capital is blueprint for society.
Elucidate how economics regulation affects the market of telecommuniciation. Explain the entities affected by industrial regulation in terms of market structure.
Elucidate why an increase in one firm's output tends to deter production by the other.
Write down Mareko's intertemporal budget constraint in future value terms. How much pineapple will Mareko consume in each period.
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
Assume that over the last twenty-five years a country's nominal GDP grew to three times its former size.
Who has the comparative advantage in what product. Once they specialize, how much does output increase. What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing.
Explain how would you test the hypothesis that the two population means are the same.
Illustrates what happens if business taxes are reduced also the real interest rate increases
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