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The U.S. labor movement-which mostly represents blue-collar workers rather than professionals and highly educated workers-has traditionally favored limits on imports from less-affluent countries. Is this a shortsighted policy or a rational one in view of the interests of union members? How does the answer depend on the model of trade?
The following data is available for an economy. Compute the inflation rate (measured from year 1 to year 2) using the GDP deflator and taking as base first year 1 and then year 2 Price of Peanuts in Year 1 $1.60 Quantity of Peanuts in Year 1 275 Pr..
how did this affect the natural rate of unemployment? (Related to Application 1 on page 336.)
1. the discrete random variable x has probability distribution given bya. find the value of a. b.
In 1984, Walt Disney brought in Michael Eisner, a Paramount executive as CEO. The firm's board of directors agreed to pay Eisner a salary of $750,000 plus a $750,000 bonus for signing on, plus an annual bonus equal to 2 percent of the dollar amoun..
The Following table shows the regression coefficient (B) and the t-statistics (T) for the variables influencing business traveler demand for hotel rooms (including hotel prices and attributes) from the study Business Traveler Demand for Hotel Rooms
Consider the production of holes. To dig a hole, it takes one person (P) and one shovel (S). The total number of holes dug is given by the production function h=f(P,S)=min(P,S). If you currently have 2 persons and 4 shovels
Does either player have a dominant strategy here?
Today's mainstream economists speak of "rational economic man" as the fundamental character of people, immutable across time and space, and the foundation of economic activity. Key characteristics of "rational economic man" are atomism, egoism, a..
suppose that x and y are random variables such that ex 4 ey 2 and varx vary 4. let zxy. 1. find ez 1 dp 2. assuming
Given the following additional data: HPG T CSCO 5 year expected dividend growth rate(%): 8.44 4.04 4.68 Long term growth rate after 5 years (%) 5.5 2.0 5.5 Stock Price($) dividend($ annual) Hewlett Packard (HPQ) 25.63 0.48 AT&T (T) 29.39 1.74 Cisco S..
A U.S. dollar costs 7.5 Norwegian kroner, but the same dollar can be purchased for 1.25 Swiss francs. What is the Norwegian krone/Swiss franc exchange rate?
A monopolist has the following total cost curve. where P(Q) is the price that consumers are willing to pay forQ units of output. Find the welfare loss due to monopoly. Assume that acompetitive firm will equate marginal cost to price.
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