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Suppose the government were to provide a $2 per hour subsidy for families who purchases child care, regardless of work or wage status. This will..
A. Increase female labor force participation as take home pay for women will increase
B. Have an ambiguous effect on the number of hours worked because the income and substitution effects work in opposite directions
C. An increase in labor force participation for women, causing women, who were not working before, to enter the labor force
D. A decrease in labor force participation rates for women, including a decrease in number of hours worked for those who are working
The nation of Isolani forbids international trade. In Isolani, you can exchange 1 car for 5 motorcycles. In other countries, you can exchange 1 car for 4 motorcycles. These facts indicate that
Would the monopolist charge a higher price in market 1 or in market 2? Why? Assume the price charged in market 2 was $10, what would be the price charged in market 1?
Also, 40% of cell phones are both Flashy and owned by Hipsters. Finally, if a cell phone is owned by a Granny, the probability of it being Dull is .98. What is the probability that a cell phone is both Dull and owned by a Hipster.
Illustrate what is the difference among the short-run also the long-run for a perfectly competitive firm in terms of costs also profits.
Elucidate is it good for the economy to have more competitive markets.
q.suppose you are attempting to buy a used bicycle and you are bargaining with the owner over the sale price. the bike
Which of the following conditions may make predatory pricing by incumbents rational?
Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain otherwise unaccounted for disparities?
If over speeding by 10 mph results in the probability of dying in one hour to be 1 in 400,000, use the Jones-Lee approach to estimate Junior’s value for his life if he makes $90 per hour. What if the probability of dying is 1 in 5,000,000?
Which of the following statements goes against Porter's 5 forces model?
US and Canada can both grow wheat and can do mining. Use the following table to look for which country has a comparative advantage in mining. (Hint: Find the cost of mining in terms of wheat in each country.)
Explain how these surveys help you understand what your collected data should look like (range of expected values).
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