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1) How does the introduction of minimum wage in the US confirm or dispel that minimum wage was never indented to be a living wage?
2) What are at least two specific goals of minimum wage laws and what modern day societal occurrences speak to either proof that these goals are being met or proof that these goals are not being met?
3) What are at least two opposing school of thought exsiting (for and against) in relation to minimum wage and based on your experiences, beliefs, and opinion which dichotomy has more merit?
q1. what are the three most important factors driving economic growth? explain briefly using an appropriate example.q2.
Why might price collusion occur in oligopolistic companies. Evaluate the economic desirability of collusive pricing.
Suppose you are studying the market for shoes. Two events take place simultaneously. First, price of leather decreases, and second, consumers' income increases. What will happen to the equilibrium price and equilibrium quantity of shoes?
What happened to Ikonomia actir's net foreign assets during 2007. Did it acquire or lose foreign assets during year. Compute official settlements balance. Based on this number, what happened to central banks (foreign) reserves.
Illustrate what is the money multiplier. Illustrate what is the available lending capacity.
The dominant employer in Davis is UCD. Some argue that UCD uses its market power to lower the wages of some of its staff, especially those in lower-skill jobs. Show how this might work, using an inverse supply of labor of w = 3 + .2L, where L is the ..
Illustrate what are the new long-run equilibrium values of these three variables.
A bank borrows money from another bank on an overnight basis to meet reserve requirements. This money would be borrowed. determines the relative worth of money.
Analyze the effect of both a bad weather and the rumors od a deadly disease in the consumption of rice?
What is the cost-effective pollution level for each plant if total pollution must equal 100? Suppose the city government knows marginal reduction costs at the two plants. In this case, could the city obtain cost-effective pollution reduction using a ..
Chemical process that converts hydrogen and oxygen into electricity and waste heat Oxygen from atmosphere, hydrogen from gas, solid hydrogen storage, or from hydrocarbon fuel Produce few emissions. How do we pick best energy alternative.
q1 if you are the chief economist of a country experiencing full employment and high inflation levels over the past
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