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Use graphical examine to demonstrate the gains and losses resulting from the migration of population from a low-income country to a high-income country. Explain how your conclusions are affected by (a) unemployment, (21) remittances to the home country, (c) backflows of migrants to their home country, and (d) the personal characteristics of the migrants. If the migrants are highly skilled workers, is there any justification for the sending country to levy a "brain drain" tax on emigrants?
On the other hand, you might also analyze in detail the effects of higher unemployment among a business cycle downturn.
Explain why do you think macro-economics applies to your organization. Give at least two examples of macro-economic actions that could affect your organization.
Illustrtae what is the difference among cost-push and demand-pull inflation.
Elucidate how the steepness of the short run aggregate supply curve affects the government's ability to use fiscal policy to change real GDP.
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
A pure monopolist determines that at the current level of output the marginal cost of production is $2.00, average variable costs are $2.75, and average total costs are $2.95.
Discuss and explain the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP?
Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.
Describe the major difference between the law of demand and the law of supply. Consider the supply and demand schedules below.
As a manager what are various practical things you could do to raise utility for employees that also benefit the firm
Explain how does each of the following affect the aggregate demand curve?
Describe the maximum and minimum amounts that can be produced
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