Factors determine a wages of a person

Assignment Help Business Economics
Reference no: EM138297

Q1. Americans already enjoy living standards that far exceed world's average. Should we even try to produce more, do we have sufficient?
2. Explain how might the following government intervention affect a nation's economic growth:

(a) Mandatory school attendance
(b) High income taxes
(c) Copyright and patent protection
(d) Political corruption.

Q2. Describe the determinants of varying levels of income. What factors determine a wages of a person? In your opinion, do these qualifications always hold true?

Reference no: EM138297

Questions Cloud

New york city rent stabilization law : The New York City rent stabilization law of 1969 established maximum rental rates for apartments in New York City
Consumption change this year in absolute dollars : Explain how much does consumption change this year in absolute dollars as a result of a $5,000 annual tax cut to your income, if the tax cut.
Each company to make their choices : What are the advantages and disadvantages of each method. What do you suppose led each company to make their choices.
Value of net domestic product : What is the value of net domestic product (NDP)? What is the value of national income (NI).
Factors determine a wages of a person : Describe the determinants of varying levels of income. What factors determine a wages of a person
Difference between marginal and total utility : Why would an ounce of gold be priced higher than an ounce of coffee beans though coffee is generally considered more essential than gold
Quantity of economic investment : Illustrate what is the quantity of economic investment that has resulted from BBQ's actions
Affect the supply of beef : Explain how does this affect the supply of beef. Explain how does it affect the supply of beef worldwide.
What is the impact of the trade surplus or trade deficit : What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.

Reviews

Write a Review

Business Economics Questions & Answers

  Amount of wheat and clothing produces

Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.

  Capital stock at the end of the year

Capital stock at the end of the year of this economy to remain constant as the beginning of the year, how much investment is needed.

  German balance of payments

Show how the transaction would have been recorded in the German balance of payments accounts. What was the net effect on the German balance of payments.

  Project would remain profitable

If the firm's MARR is increased to 25%, what would be the required savings in leasing so that the project would remain profitable.

  Household be better or worse

Coupled with $160 annual tax rebate per household. Will the household be better or worse off under the new program.

  Balnurs opportunity cost of production

In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.

  Investment criteria mario brothers

Comparing Investment Criteria Mario Brothers, a sport producer, has a new idea for an exploration sport.

  Elucidate impossible trinity refers to which idea

The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.

  Least two possible solutions to resolve paradox

Why might bad cars drive good cars out of the used-car market. Give at least two possible solutions to resolve this paradox.

  Annual depreciation allowance for the first year

Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.

  Theater increase its cost

Now Assume the theater increases the number of its ads to 250. Should the theater increase its cost following this ad campaign.

  Overall economic objective for todays corporations

Do you believe that profit (or shareholders wealth) maximization still represents the best overall economic objective for today's corporations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd