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Jane works part-time and earns $12,000 per year. Because she is below the poverty line, she also earns $4,000 in various welfare benefits. Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits. This is what is known as a "notch". Explain what is happening with Jane and how could we modify the system to eliminate the notch.
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
Air transport for businesspeople and tourists
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
Determine the cost to the government of buying firms unsold units
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Examine the key factors affecting the demand for and the supply of a good or service
Calculate the price elasticity of demand for Newton's Donuts
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
Hero Nakamura is CEO of the Cola King Bottling Company a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
Depict the von Neumann-Morgenstern utility index u in a diagram
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