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1.Where do growing companies like Google and Facebook get their employees? What were those workers doing before?
2. Should the government try to equalize incomes more by raising taxes on the rich and giving more money to the poor? How might such redistribution affect total output and growth?
3. Why are incomes so much more unequal in poor nations than in rich ones?
4. How might free markets help reduce global poverty? How might they impede that goal?
If Jacob receives by consuming ice-cream cone (X) and hamburger (Y) at Burger King is represented by the utility function U(X;Y) = XY. In addition, the per-unit prices of ice-cream cone and hamburger are $1 and $3 respectively
You can either spend spring break working at home in Alabama for $200 a day for five days, or you can spend the week in Costa Rica where travel expenses will total $700 (food, hotel, and a plane ticket.)
Assuming that everything else is equal, a U.S. government bond that matures 10 years from now most likely pays a interest rate than a U.S. government bond that matures 30 years from now.
(Amounts on the balance sheet are in millions of dollars.) Assets - Reserves $15.90 Loans $150.00 Securities $34.10 Total - $200.00 Liabilities + Capital - Transactions deposits $180.00 Equity capital $20.00 Total - $200.0 Calculate the bank's exc..
Can you think of examples in the automotive industry where consumers are willing to pay more for what are perceived as higher quality cars? Can you offer counterexamples in either the automotive or another industry where consumer practices are sol..
Fill the blanks in the following table. Did the real value of welfare payments increase or decrease over this period?
The U.S. mint, which produces billions of coins annually, has a mean daily defect rate of 5.2 coins. Let X be the number of defective coins produced on a given day.On a given day, what is the probability of more than ten defective coins
a road improvement project requires an initial investment of $9 million. Annual maintenance and repairs will be $50,000 for the first 10 years, and $75,000 for the final 15 years. In addition, the road will require $250,000 worth of resurfacing
State whether each utility function displays risk neutrality, risk aversion or risk love.
Can you figure out the exact cutoff for the interest rate between profitability and nonprofitability 2. According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for $24.00 . If they had invested this amount ay an ..
What is the equivalent uniform annual cost of these bits at 2.5%?
Suppose that the demand for high-skill workers lies everywhere above the demand for low-skill workers. Illustrate on a diagram the supply and demand functions for each type of labour, and the equilibrium for each type of worker.
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