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Compensating differentials explain in part:
A. how unions derive their bargaining power;
B why some people choose to aquire more human capital thatn others;
C. how the income and substitution effects interact;
D. why there is income inequality
Select a scene from your childhood that brings back happy memories. This might be the bedroom where you grew up, a park, a meadow or field, a vacation spot your family visited, a classroom, etc. Create two paragraphs presenting this setting to your r..
What is the process by which a recessionary gap closes itself? Explain. Why might this self-correcting mechanism work slowly in the face of a recessionary gap?
When the exchange rate falls, in the foreign exchange market the quantity demanded of the currency increases.
For each of the following events, use the subsequent graph to illustrate the short-run effect on aggregate supply and aggregate demand. Households decide to save a larger share of their income.
q.the owner of a new restaurant is planning to advertise to attract customers. in the bayesian game nature determines
Jonathan borrowed $10000, at 6% annual compound interest. He agreed to repay the loan with five equal annual payments at end of years 1-5. How much of the annual payments is interest, and how much principal is there in each annual payment?. (Complete..
Given the current pressures on China, Jamaica, and America expressed in the article, how would ethics play a role in decision making for financial, environmental, and cultural issues
Under very high rates of inflation, why would people prefer to use a barter system to buy goods, rather than use paper money.
Based on the NYT article offered below about natural gas fueled long-haul trucking, use the market model (the supply and demand model) to predict what would happen to the equilibrium price and quantity of natural gas, crude oil, and gasoline. After c..
Explain why would a country (for example China) choose to keep their currency relatively pegged to the U.S. dollar.
What would be the subsidy required to get Mr. Smith to perform the efficient amount of gardening? Now assume that Mr. Green, another neighbor, doesn't like the garden. He bears a marginal damage, which is given by MD(h)=2
What is the monthly mortgage payment on a $100,000 loan for 30 years at a yearly interest rate of 4%? Hint: need to make interest rate monthly and nper in the number of months. Make it a whole number.
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