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Q. 1. Does the Mincer model take unequal access to education into account? Discuss the shortfalls of this model in that it does not take into account unequal access to education resulting in racial/ethnic stratification in educational attainment.
2. Suggest how the Mincer model can be modified to address the role played by unequal access to education as a possible source of differential educational achievement
3. How would equal educational achievement and equal income (use Caucasian Americans as benchmark) for everyone increase overall national income, as defined by sum total of annual labor market income of all civilian labor force participants?
Enterprises conduct business transactions with other enterprises for a number of economic, business and strategic motivations.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
Merit goods have received considerable attention. Can concerts and other publicly provided services be rationalized using these ideas.
Evaluate the financial performance of the company using the information providedin scenario. Consider all the key drivers of performance, such as company profit or loss.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
What are the strength of the neoclassical models of labor supply and labor demand. What are the weakness of the neoclassical models of labor supply and labor demand.
Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
The opportunity cost of Juan's time is $8 per hour. If Juan receives $2 per pound for his fish, what is the optimal number of hours he should spend fishing.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Provide a rational for why you feel the new target market and pricing strategy would be successful and the likely impact to the profitability of the firm.
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