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Question: 1. Describe two corrective measures being taken to close the income gap between men and women workers.
2. Identify the original intent of the minimum wage.
Summarize the gains from trade in the Theory of Comparative Advantage
Consider the following information for a monopoly firm. Assume that Q equals the level of output and all costs are economic costs.
Macroeconomic analysis deals with the crucial issue of government involvement in the operation of "free market economy." The Keynesian model suggests that it is the responsibility of the government to help to stabilize the economy. Stabilization poli..
Assume the rural wage is $1 per day. Urban modern sector employment can be obtained.
What is meant by the term "creative destruction"? How does the emergence of MP3 (or iPod) technology relate to this idea?
If the price of good x is $ 6 and the price of good y is $ 2, and Mark can spend a combined total of $ 20 each day on these goods, find Mark's optimal consumption basket.
One of the major issues in macroeconomics is disagreement in the debate over policy activism versus policy rules. Illustrate what exactly is that disagreement.
What is the profit-maximizing price for this firm? On the graph show the area, which area represents the net loss to society resulting from the monopoly power conferred by the patent?
Calculate the mean income class for those individuals with private, employer sponsored insurance. Is this greater than or less than the mean income class for those with private, individually purchased insurance? Any thoughts regarding the compari..
"K-12 and NCLB" Please respond to the following: Analyze the proposals for reform in the current K-12 system and determine which single proposal would be the most likely to succeed. Explain your rationale.
Lars consumes only potatoes and herring. When the price of potatoes was 9 crowns per sack and the price of herring was 5 crowns per crock, he spent his entire income to buy 5 sacks of potatoes and 10 crocks of herring per month.
What is the difference between a movement along and shift of the demand curve? Show the affect on the equilibrium price and quantity that result from:(1) an increase in demand,(2) an increase in supply, and(3) an increase in both supply and demand..
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