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Prepare an essay on "Minimum wages are likely to harm those they are designed to help". Under what circumstances could this claim be correct. What light has the empirical analysis of the effects of minimum wages cast on this issue?
Course textbook:GB. Borjas, G. JLabor Economics Chapter3
Fallon, P., and Verry, D. The Economics of Labour Markets (Philip Allan, 1988).Chapters 3 and 4
Recognize similarities and differences among common goods, public goods, private goods, and natural monopolies.
why do we consider a business-cycle expansion different from long-run economic growth why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population
You sell bicycle theft insurance. If bicycle owners do not know whether they are high- or low-risk consumers, is there an adverse selection problem?
Find and graph the contract curve and what is the ratio of the price of X to the pride Y in competitive equilibrium?
1) If it costs more energy to recycle than to dispose, shouldpeople be incourage to recycle 2) Oregon Forrest Restoration Act requires a logging companythat cuts a tree, must plant 3 to replace it. Why do you think mosteconomist saythis law is not..
suppose the market interest rate is 10 percent. Would you be willing to lend $10,000 if you were guaranteed to receive $1,000 at the end of each of the next 12 years plus a $5,000 payment 15 years from now? Why or Why not?
What is meant when a monopoly firm is described as a price maker? How is a price maker different from a price taker? Is a monopoly ever a price taker?
Assume monopolizing a service or product of your choice. Discuss how you would go about setting prices for your product or service.
How foreign direct investment influences the wages
How much insurance should I buy to be fully insured and what is a fair insurance premium?
If you had a business exporting goods to Britain, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back? Why?
If a firm maximizes profit. It must minimize the cost of producing the profit-maximizing output.
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