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Assignment
One constraint in our economy is time. As a society, we make choices about the allocation of time between work and other pursuits. In the US, most workers are eligible for overtime pay if they work more than 40 hours a week, whereas most European workers become eligible at 35 hours per week. In addition, workers in Europe have guaranteed vacation time-- five weeks in France-- a benefit not available in the US. As a result the typical US worker puts in about 2000 hours per year compared to 1700 hours per year in France and Germany.
Should US laws be changed to require a shorter work week and longer vacation time?
For each side of the question list at least two strong arguments. Use the following concepts from this weeks materials at least once;
1. Opportunity cost,
2. Marginal decision making, and
3. Diminishing returns.
Create a server and client program for Rock Paper Scissors game in java. The Server waits for the two clients connected to Server then start a game. Then It prints the result how wins by player1 and player2.
Then list one good reason to allow tire imports and one good reason to restrict tire imports. Give a short explanation for each reason.
Higher autonomous investment in a small economy will lead to higher investment (I), higher value of domestic currency (e) and lower net export (NX).
When the price of a good rises relative to income, people cannot afford all the things they previously bought, so the quantity demanded decreases. What is it called?
Which of the following production functions exhibit constant marginal product of capital, K? In each case y is output and K and L are inputs.
When you compare a monopoly market to a perfectly competitive market, what does the monopoly market usually generates?
what are the issues surrounding the sovereignty of states and their governments ability to regulate their economies? in
Explain how are the Bank of Canada's transactions in the foreign exchange market from part (a) reflected in the balance of payments account.
The demand for good X has been estimated to be Qx=10 - 0.5Px +4Py. Suppose that good X sells at $4 per unit and good Y sells at $2 per unit. Calculate the own price elasticity.
Elucidate how does the subsiquent impact on the housing industry.
Karen has kept her entire life savings, $50,000, in a floor safe underneath her bed. This morning, she make a decision to deposit her savings in a checking account at Cambridge Bank.
Watch the movie “A Beautiful Mind”. Pay attention to the scene where Nash argues for an optimal equilibrium (the bar scene). Would you say that his “equilibrium” constitutes Nash equilibrium? Explain.
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