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1. Discuss the following statement: "Higher labor productivity allows firms to produce more goods with the same number of workers and thus to sell the goods at the same or even lower prices. That's why increases in labor productivity can permanently reduce the rate of unemployment without causing inflation".
2. How might policy changes in (a) through (d) affect the wage gap between low-skill and high-skill workers in the United States?
a. increased spending on computers in public schools.
b. restrictions on the number of foreign temporary agricul- tural workers allowed to enter the United States.
c. an increase in the number of public colleges.
d. tax credits in Central America for U.S. firms.
What condition would create less worry about the Social Security system?
Describe the economic outcome of single-price monopoly in terms of profit. Provide one (1) supporting fact to support your response - describe one way that the Futures Unlimited Corporation makes output and price decisions.
Describe free trade and its impact on the global economy. Describe demographic factors and how they affect the economy.
Consider a monopolist that cannot engage in any kind of price discrimination. Why does the monopolist produce a smaller output and charge a higher price than it would prevail if the industry were perfectly competitive?
Which of the following measures is the best indicator of changes in the material well-being of individuals in a country? A. An increase in nominal GDP B. An increase in real per-capita GDP
Presume a Treasury bill has a purchase price of $9850; a face value of $10,000 and 99 days to maturity. Compute the yield to maturity.
What trade barriers were in place during that decade?
A Boeing 747 lasts 20 years and costs $350million dollars. If the market interest rate is 5% what is the rental rate ofcapital and what is the price of capital for a firm like American Airlines touse an air plane for one year?
Consider the two banks and their balance sheets below. For each bank, calculate its return on equity (ROE) and leverage ratio. Bank A has net profit after taxes of $1.8 million and the balance sheet below:
discuss the problems associated with using the unemployment rate as a gauge of labor market conditions. in your answer
you are in charge of setting the optimal price for tickets for a local hockey team. nbspthe demand schedule for
since 1995 the world trade organization wto has adjudicated trade disputes that arise between or among nations. now
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