How many hours does someone have to work to pay

Assignment Help Econometrics
Reference no: EM131015664

ECON

QUESTION 1

Why don't supply restriction programs work well in increasing farm prices and income?

QUESTION 2

GMO-free soybeans cost about $2 per bushel more than GMO soybeans.

a) How many hours does someone have to work to pay that premium ($2) in the United States, where average wages are about $25 per hour?

b) How many hours does someone have to work to pay that premium ($2) in those Africa nations, where average wages are about 25 cents per hour?

c) Are attitudes towards GMO-free crops likely to be different in Africa and the United States?

QUESTION 3

American corn farmers receive billions of dollars in taxpayer subsidies each year. These subsidies allow them to sell their grain at prices below what it costs to produce it, particularly for export markets. How do U.S. corn subsidies hurt Mexican farmers?

QUESTION 4

a) How might protective tariffs reduce both the imports and the exports of the nation that levies tariffs?

b) How might the import competition lead to quality improvements and cost reductions by American firms?

QUESTION 5

If it would be cheaper (for the U.S.) to give each steelworker $375,000 per year in cash than impose restrictions on imports of steel, why do we have the import restrictions rather than the cash payments?

Reference no: EM131015664

Questions Cloud

What is the mass m of the block on the left : The figure shows a 100-kg block being released from rest from a height of 1.0 m. It then takes 0.53 s for it to reach the floor. What is the mass m of the block on the left? There is no friction or mass in the pulley, and the connecting rope is ve..
Is your friend second statement correct : Your friend is a CEO. She says, (1) "There is an important type of motivation that is reduced when a company does performance appraisals. (2) If I earned no guaranteed salary I would be more likely to act in the best interests of the shareholders...
Study a particular area of the underground economy : The argument is to be supported by reputable research, which may include academic journal publications, books, government agency reports, and other relevant studies. Your essay must consider other points of view in developing toward a conclusion
What is the value of m for the right-most peak : The next peak, to the right or left, will be an m = 1 maximum. The distance shown in the figure below is 2.2 cm. The slit spacing is 0.20 mm and the wavelength of the light is 610 nm. What is the value of m for the right-most peak (maximum)?
How many hours does someone have to work to pay : How might protective tariffs reduce both the imports and the exports of the nation that levies tariffs?
What is the wavelength of the light in nanometers : The figure shows the light intensity on a screen behind a double slit. The slit spacing is 0.210mm and the screen is 2.10m behind the slits. What is the wavelength of the light in nanometers?
Which of the hr practices described in the case : Explain which of the HR practices described in the case you think can contribute to ethical behavior by TSA employees. Why
How do you determine which duties are strategic : As a new HR manager in a hospital, you have a myriad of responsibilities. How do you determine which duties are strategic, which duties impact the internal and external environment
What direction must the current i2 in the straight wire : What direction must the current I2 in the straight wire have in order to create a magnetic field at the center of the loop in the direction opposite to that created by the loop?

Reviews

Write a Review

Econometrics Questions & Answers

  Estimate the marginal propensity to consume to be

Suppose economists observe that an increase in government spending of $10 billion raises the total demand for goods and services by $30 billion. (a) If these economists ignore the possibility of crowding out

  What story added value to military equipment produce by firm

Consider a firm that produces military equipment. It employs 2,000 workers and pays each of them a competitive wage of $40,000 per year; its total labor costs are therefore $80 million per year. The firm also has other, non-labor costs of $30 million..

  Discuss signs and magnitudes of the estimated coefficients

Discuss the signs and magnitudes of the estimated coefficients and their comparisons to predicted or theoretical signs and magnitudes. What have we learned?

  Find the optimal solution of the objective function

a. Find the optimal soulution using the graphical soulution procedure and the value of the objective function b. determine the amount of slack or surplus for each constraint  c. suppose the objective function is changed to max 5A+2B.

  How much can a firm afford spend for this assetand

An asset with a cost basis of $100,000 and an ADS* recovery period of five years is placed in service and is expected to generate net cash flows of $30,000 per year during its 6 years useful life. Its salvage value is expected then to be negligib..

  What is the cost of one more automobile

If the economy is at point C, what is the cost of one more automobile Of one more forklift Please explain where you get the numbers from to solve for each Explain how the production possibilities curve reflects the law of increasing opportunity cos..

  What is the probability that they sold over 1000 dollar

You are the sales manager for an appliance store. You have a total of 100 sales people. 40 sales people sold $1000 or less and the rest sold over $1000. Of the 40 who sold $1000 or less, there is a 0.20 probability that the sales person was new.

  What ios the per-unit prices of broccoli

With the per-unit prices of broccoli (B) and pork rinds (R) equal to $2 and $1, a consumer, George, with an income of $1,000 purchases 300B and 400R. At that point, the consumer's MRSBR = 3 R/1 B. Does this mean that George is at his optimal point

  Show indifference curves and an optimum choice

Consider a couple's decision about how many children to have. Assume that over a lifetime a couple has 200,000 hours of time to either work or raise children. The wage is $10 per hour. Raising a child takes 20,000 hours of time.

  What is principal cause of the increase in the working-age

Among the most developed countries, the fraction of the population aged 15-64 is forecast to fall from 70% to 60% over the next 50 years as working-age adults move into old age. Among the least developed countries, the working age fraction of the ..

  Should you purchase a new color copier

The markets for labor and office space are tight in your area. To acquire the lease and hire workers, you signed contracts requiring you to give 12 months advance notice before abandoning your lease or laying off workers

  Will roy choose to work more than 7 hours a day

Suppose that Roy could choose how many hours to work at a wage of W and choose to work 7 hours a day. The employer now offers him time-and-a-half wages(1.5W) for every hour he works beyond a minimum of 8 hours per day. Show how his budget constrai..

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