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In Greece, the participation rate (as percentage of working-age population) in 1998 for men aged 15-24 was 44.3%; aged 24-54, 94.2%; and aged 55-64, 57%. For the United States, these numbers were 68.4%, 91.8%, and 68.1%. In Greece, the corresponding ?gures for women were 37.3%, 59.4%, 24.4%, and for women in the United States, 63.3%, 76.5%, and 51.2%. What do you think explains these cross-country differences?
Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party.
Draw a set of indifferent curves that illustrate the preferences suggested by the following statements. Each subpart must have its own diagram.
Many economists would argue that private companies are likely to be more efficient than the government at operating airlines. Yet many economists would also argue that there is a valid reason for government to regulate the safety of those same air..
Under free trade, an expansion of China's capital endowment leads to a reduction in GR's overall welfare - show the effect on the country's production possibilities frontier.
When an economy enters expansion, the unemployment rate first increases and then decreases. Why does this happen?
shows the average annual growth rate in real GDP per capita for Argentina
draw the cheese market for the united states showing the world price as the price for this market. how much cheese does
a. Show that both players choosing CC is a Bayesian Nash equilibrium of the two-player game
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..
If no fiscal policy changes are made, suppose the current aggregate demand curve will increase horizontally by $1,000 billion and cause inflation. If the marginal propensity to consume is 0.75, federal policymakers could follow Keynesian economics an..
we saw that exports from china have effectively lowered relative wages for unskilled and semi-skilled workers in
a waiter takes an order at a table and then enters it online via one of the six terminals located in the restaurant
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