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How will demand and supply curve shift? 1. Labor market for math and science teachers when wages available in private industries utilizing these skills rise. 2. Labor market for university professors when college enrollment expand 3. Labor market for low-skilled markets when welfare legislation requires that a much larger fraction of welfare recipients work than in the past 4. Labor market for workers who completed high school only when the work place becomes more computalized and technically sophisticated
Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $42 is imposed in this market. Determine the quantity demanded,the quantity supplied, and the magnitude of the shortage if a pride ceiling..
Do the utility maximizing amounts of X1 and X2 change if P1 increases to 5 while P2 stays constant at 5? Why or why not? Do the utility maximizing amounts of x1 and x2 change if P2 increases to 9 while P1 stays constant at 4? Why or why not? For a ..
Describe the impact of an increase in government spending on GDP using both Keynesian and classical points of view.
The Obama campaign says that government spending on infrastructure and education is the best way to encourage economic growth. Is it correct to say that the Romney campaign is using a "Neoclassical" model and the Obama campaign is using a "New Gro..
Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
How did the 1971 law that banned cigarette advertising on television solve the prisoners' dilemma for cigarett producers What is the meaing of tit-for-tat in game theory What conditions are usually required for tit-for-tate strategy to be the best s..
While climate change science has advanced considerably in recent years, and evidence of increasing atmospheric carbon is demonstrable, there is yet much unknown about the consequences of anthropogenic carbon emissions. For instance, the effect of ..
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table:
Determine the three major categories of revenues for the federal government and three major categories of expenditures for the federal government?
An automobile company is building a new factory in your town. what may be a positive externality of this event?
Suppose the market for widgets can be described by the following equations: What is the equilibrium price and quantity?
Illustrate what are three key macro-economic indicators that you could use to assess conditions that apply to your reference organization.
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