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Using the economic concepts that explain differences in wages, discuss any three of the following points. Post your response to each of the three points separately.
Why does a chief executive earn more than a rocket scientist working for NASA?Why does a teacher earn less than a firefighter?Why does a union electrician earn less than a non-union electrician?Why does a white male earn more than a white female with the same level of education?Why does a movie actress like Angelina Jolie earn more than a movie actress from the 1940s?
The company's computer system uses fluid structure interaction modeling to test and analyze each airbag design concept. What is the present worth of the concept at 16% per year, compounded quarterly, if the quarterly cost in years 1 through 5 is $..
This year, a competitor has developed a similar toy that has significantly reduced demand for the toy truck. Now the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is 100,000 tru..
If the annual interest rate is constant at 12 percent, how much must be deposited monthly between ages 23 and 60 for you to receive your $6,000/month for 25 years.assume monthly compounding throughout.
Elucidate two reasons a single minimum salary might distort the labor market for teenage workers more than it would the market for adult workers.
Price ceiling sets a maximum not illegal value that a seller may charge, typically placed below equilibrium. What do you think of a government placing a price ceiling next time gasoline prices rise above $4.00 a gallon?
Take a stand on whether or not economic growth really makes people better off in the long term. Provide support for your response. Give your opinion on whether or not the development of the International Space Station stimulated economic growth. J..
Time Magazine and Newsweek are two competing news magazines. Suppose that each company charges the same $5.00 price for their magazines. What is the Nash equilibrium for this sequential game?
Discuss the implication on earnings and cash flow, and articulate why this project was chosen over the multitude of options that exists.
What implicit weight is placed on the inflation target under this rule? Discuss. Draw an IS-MP diagram but instead of the usual MP curve, graph the monetary policy rule.
In the Keynesian, Classical, as well as Solow model, Elucidate the impact of an increase in production technology
Suppose the FOMC meets and decides it wants to raise short-term interest rates in the economy. The FOMC directs the Federal Reserve System (Fed) to implement contractionary monetary policy that reduces the banking system's reserves.
Summarize an article using at least three economic terms and theories covered in class. Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s).
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