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Which of the following would result in a short-run increase in the wage rate in a com- petitive labor market?
(a) An increase in immigration.
(b) An increase in the output price.
(c) A decrease in productivity.
(d) An increase in native labor supply.
(e) A decrease in labor demand.
A 50-kilowatt gas turbine has in investment cost of $40,000. It costs another $14,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $450 per year. Additionally..
What examples can you provide from your reading of business periodicals to support your ideas? Remember to think about both large and small firms.
Where necessary you will need to support the tax return using spread sheets, databases and internet information. In completing this activity you must show that you can apply statute, regulation and precedent to a client's circumstances, develop op..
Consider the market for bonds in the secondary market. Predict what would happen to the price of the bonds and the interest rate for each of the following scenarios: Savers consider that stocks are riskier than bonds. Both the demand and supply of bo..
Currently, the economy's aggregate output demanded is $100 billion. The government thinks that is is too small, so it wants to increase it by implementing expansionary fiscal policies. It decides to reduce taxes by $10 billion with this goal in mind...
In early 1980s, U.S. economic policy was directed toward reducing inflation. Illustrate what would you have expected to observe during this short period of time.
The two largest parts of the federal revenue system in the United States are the payroll tax and the individual income tax. What can we say about the compliance costs of these two taxes? a)The income tax has lower compliance costs. b)The payroll tax ..
Suppose that you manage a bank that has made many loans at a fixed interest rate. You are worried that inflation might rise and the value of the loans will decline. Why would an increase in inflation cause the value of your fixed-rate loans to declin..
Truckco manufactures two types of trucks; the T1 and the T2. Each truck must go through the painting shop and the assembly shop. If the painting shop were completely devoted to the T1, 800 trucks could be painted in a day. Use solver table or paramet..
"Mercantalism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption." Do you agree or disagree with this characterization of mercantilism's message? Explain.
illustrate what sales output and price should it set. what strategy would you recommend.
What is "crowding-in" effect? Explain the factors which determine the strength of the crowding in effect. What is "crowding out"? Why is it important in discussions of fiscal policy?
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