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In the case of firm-specific training, it is expected that the workers wage after the training will be:
A. higher than the wage the worker could receive in other firms.
B. less than the value of the additional output generated by the worker.
C. Both of the above are correct.
D. None of the above is correct.
Describe and explain the perspectives of three stakeholders. Include a discussion of the main arguments they put forward and the resolution/s they would opt for.
If a nation has an open economy, it means that the nation: In Adam Smith's trade model, labor is the only factor of production and the labor theory of value is the basis for cost. According to Smith's trade model in a two-nation, two-product world, a..
Elucidate what type of returns to scale does this technology represent.
"A higher minimum wage means some low wage workers will get fired because there will be less money available for labor costs. An international minimum wage, scaled according to the working conditions and cost of living in a particular country, would ..
Illustrate what is now the effect on gold consumption also mining of an increased utilize of gold as money.
Why is a vending machine, which requires payment for each snack purchased, used to sell snacks, while a newspaper can be sold out of a box that allows anyone to take more than one paper?
Which one of the following government actions is intended to generate positive externalities.
The international debt crisis of the 1970s and 1980s arose primarily from
Upon his employment at the age of 22, Robert began to make a series of equal year –end deposits of $1100 to his retirement fund. After working for 5 years, he is now able to increase his saving. He plans to increase his annual deposits to $2200, star..
What are “health disparities”? Why are they important? What makes them worse? What makes them better? What can we do to address them?
You won a free ticket to see a Bruce Springsteen concert ( assuming the ticket has no resale value) U2 has a concert the same night, and this represents you next best alternative activity. Tickets to the U2 concert cost $80, and on any particular day..
An individual donates artwork to San Francisco General Hospital. This was the only charitable contribution the taxpayer makes during the year. The artwork was purchased several years ago for $50,000; it is worth $140,000 at the time of the donation. ..
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