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This question is for a discussion it only needs to be a paragraph or two.
Price sensitivity: Many goods and products are now made overseas in countries where labor is cheap. Highly paid workers here in the USA – especially unionized workers -cannot compete with factory workers in countries like China, Taiwan, Vietnam, India, etc. Just as an example, you might pay $45.00 for a small electronic device made in China. Would you be willing to pay $120.00 for this same device made entirely here in the USA? Would you be willing to stop shopping at Wal-Mart and Costco? How are these examples related to the “income effect” and “substitution effect”. How are American workers affected by imports in the short run? How does society benefit in the long run?
In response to the new federal regulation to provide the public with safe and wholesome seafood, an Alaska seafood processor is considering two new sanitation control systems to help monitor its seafood processing operations.
At the same time the unemployment rate remained at 8.3%. Use your understanding of the labor market to explain how these two things could happen at the same time.
Using a prisoner's dilemma game such as the "wedding game." explain how a positional arms race can occur. In your answer be sure to explain positional arms races, the nature of the wedding game, etc.
Modify the general IS-LM model of this chapter to the appropriate model for a closed economy. Specify the IS, LM and aggregate demand equations. What causes the dependence of aggregate demand on the price level?
1. Depreciation on a company automobile for the year amounted to $7,000. This amount is not included in the expenses above.2. On January 1, 2013, paid for a two-year insurance policy on the automobile amounting to $1,600. This amount is included ..
identify an instance where a price control is used in our markets. why do you think this price control exists? also
From 1950 to today, government spending on Social Security, Medicare, and Medicaid as a percentage of GDP has
find demand curves for x and y using the following utility functions all demand curves should be functions of income
a producer of fixed proportion goods beef and leather goods that are complements in production such that qbql - each
Rivalry and excludability are the two characteristics of goods that are produced through the competitive market system. Compare and contrast the difference in private and public goods based on these two characteristics.
assume that the country is in a period of high unemployment interest rates are at almost zero inflation is about 2
Discuss how you would leverage two (2) resources in the short term and two (2) resources that could be used for long-term planning. Provide specific details examples to support your response.
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