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Which of the following trends favor a more labor-intensive method of production? (choose more than one)
A growing number of desperately unemployed people as the result of rural-urban migration
A limit to the level that wages can fall (subsistence)
multinational corporations face fewer restrictions on global movement of capital equipment
higher productivity of labor as the result of training
Immigrants to the urban areas of less developed countries develop higher productivity as the result of better nutrition
less developed countries enforce a living wage (minimum wage) policy
Explain why does the profit motive does not automatically avoid air pollution in the production of steel and other products.
Use a money supply and demand diagram to answer the following problem: Everything else being the same, what is the effect of an increase in interest rates on the price level? Discuss the process of adjustment to the new equilibrium.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
Cara has available h = 3000 hours per year for participating in the labor market and for leisure. She gets a wage w = $18 for the first 2,000 hours of work. If she works more than that, the wage on the additional hours is increased by 50%. She receiv..
You are borrowing money to buy your first house that costs $250,000. You go to the first bank you see, Big Attitude Bank, and they are charging 5% interest. After taking this class, you decide to shop around and find a bank called Super Cheap, that i..
Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy. Illustrate what effect would your suggestions have on production and employment.
You have been appointed head of university parking enforcement. Your mission is to eliminate illegal parking. Car drivers are completely rational expected utility maximizes. They have utility functions given by u=x(1/2) where x is $ of consumption on..
Small country Alpha exports lumber products obtained by cutting Alpha's forests. Cutting the forests creates negative external effects in Alpha.
Acquisitions are entry strategies for expansion through the purchase of an existing organization, a unit of an organization, or a product or service.
Demand graph to assist in explaining the increase in the price of chain saws after Hurricane Andrew. The mayo clinic in Minnesota is known for top-quality medical care.
The investors in exercise 2 are surprised by firm's performance in year 5. Instead of being $20 million, the firm's profits are $40 million. What happens to firm B's stock price in year 6 and 7?
Fill in the column "Society's willingness to pay." Then draw a graph of society's demand for the public good.
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