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Q1. Why would the traditional poverty measure created in 1963 be misleading?
Q2. Suppose that as the result of recent labor negotiations, wage rates are reduced by 1o percent in a production process employing only capital and labor. Assuming the other conditions (productivity for example) remain constant, determine what effect this decrease will have on the desired proportions of capital and labor used in producing the given level of output at minimum total cost.
workers of world ought to postpone uniting until or scores are settled. Can we still say that terrorists have not conquered us.
what is the resulting outcome of the game? (b) Suppose now that dierent players obtain dierent shares (adding up to 1) when the majority vote is not passed. What happens in a SPNE then?
Analyze the tasks involved in developing a retail marketing strategy to determine which task presents the greatest number of potential challenges to the retailer you selected. Explain your rationale.
The cash-for-clunkers program: objectives and results. Did the car companies ripped the benefits of the program
Total hours worked, and average labor productivity all are procyclical. Which variable, output or total hours worked, increases by a larger percentage in expansions falls by a larger percentage in recessions.
Putting utility on the y-axis and wealth on the x-axis, use a graph to show why James would rather have $100 for sure instead of a gamble where he gets $20 20% of the time and $120 the rest of the time.
Explain how you were to learn that a bottle of Gatorade rise in size from 2009 to 2010, should that information affect your calculation of the inflation rate.
q1. what are the three most important factors driving economic growth? explain briefly using an appropriate example.q2.
Illustrate what the reason which individuals households at some time in their lives spend more than they earn and at other times save some of what they earn.
A man went to his bank and borrowed $750. He agreed to repay the sum at the end of three years, together with the interest at 12% per year, compounded annually. How much will he owe the bank at the end of three years?
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
Describe the effect of each of the following events on the demand or supply of gasoline in the USA. Further indicate the likely direction in the amount of gasoline exchanged AND the expected market price.
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