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1. Describe Short Run and Long Run Impact of Immigration in Labour Market.
2. Describe (with appropriate figure) the short run and the long run impact of immigration on native labour market when the immigrants and natives are complements.
Tom earns $15 per hour for up to 40 hours of work each week. he is paid $30 per hour for every hour in excess of 40.
Explain how each of the following will affect the relative values of the dollar and the euro:
Explain the effects of these shocks on the price level, real GDP, and the nominal interest rate. Use an upward-sloping, short-run supply curve in your analysis.
Assume that there're 10 million workers in Canada and South Korea and each worker in Canada and South Korea can manufacture four cars per year.
All semester we have been tracking the economy to discern where it currently resides along the business cycle and where it seems to be headed over the next 6-9 months.
Consider the instrumental variable regression model Y i β 0 + β 1 X 1 + β 2 X 1 +u i , where Z i is an instrument
The table below is a production possibility table for the fictional country of Myopia. Use it to construct the corresponding production possibility curve.
Describe the following statement: "In competitive market the least-cost production methods are revealed by entry and exit, while in public utility regulation they're revealed by commission rate hearings. It is easier to fool commissi..
Suppose Shaqueena is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
Obtain the market clearing price and quantity. Under the assumption of profit and maximization , how much output should the representative firm produce?
What is a fixed payment made by the privately insured patient in exchange for receiving the medical good or service? What is the percentage of each and every medical bill that the patient pays rather than the flat dollar amount?
Provide a graph of the Solow model, indicating the position of the golden rule level of saving (SR), and explain why it is preferred.
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