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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?
Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets.
The United States can make certain toys with greater productive efficiency than can the China. Yet we import those toys from China.
Pepsi-Cola® and Coca-Cola® have dominated the market for almost a century whereas General Motors™ and Ford Motor Company© have suffered due to increased competition.
critically discuss the pros and cons of this contractual arrangement vis-a-vis the alternative of outsourcing the teaching to an outside fi rm.
Why might leasing a new Porsche be good investment for an aspiring Hollywood film producer, even though, he can't easily afford the monthly payments.
If collusion is not allowed, what kind of market arrangement do you think is likely to result from competitive interactions among these four firms? Calculate the profits of these firms in either case (a and b).
explain how would this change affects the optimal investment rule for the firm.
Explain how does the market system efficiently perform the functions of communication, coordination and motivation in the distribution of resouces to comsumers.
Illustrate what will be the cumulative effects including the multiplier for each of the above three policy choices.
Is it possible to trade foreign exchanges in the future markets? How does such trading differ from the forward market?
If the firms could collude also agree on Elucidate how to split the total profits illustrate what outcome would they pick.
Discuss - Deficit spending paves the road to ruin. Explain how much of the national debt is held by foreigners.
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