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The National Teacher's Federation, a teacher's union, advocates a single salary scale wherein every teacher, regardless of specialty, gets the same salary his first year of teaching, with salary thereafter tied strictly to years of service. Who would suffer (why) and who would benefit (why) if that were made universal: Men or women? Negroes or whites? Superior or inferior teachers? Mathematics or physical-education teachers?
Assume the new leadership in Congress decides to repeal some of the tax breaks granted to large businesses throughout the past several years. What impact will the repeal have on the exporting of jobs to foreign countries? describe by using isoquant ..
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
You're the absolute czar and head of union of 1,000 plumbers in Austin, Texas. You've the absolute power to set the wage at which the plumbers will work. You wished to achieve full employment at highest possible wage; (b) you wished to maximize the..
Which of the following strategies are used by businesses to capture consumer surplus? Nash equilibria are stable because
When a recession is over, do people begin to immediately feel the effects of an efficient economy? Use the experience of the most recent recession to justify your answer.
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
This document shows evaluation of alternative approaches to analysing the effectiveness of public policy and Assess the impact of government policies on selected areas.
Discuss the advantages and/or disadvantages of distributing marketable pesticide permits to each farm operating in the watershed equal to 40% of its current level of use of that pesticide, versus simply ordering each farm to reduce pesticide use t..
Essay on Market imperfection associated with negative externalities.
Evaluate: "The fact that some airplanes collide is evidence there is 'too little air traffic control'." (Be sure to explain what too little might mean.)
Describe the law of diminishing returns. Then discuss why you agree or disagree with following statements.
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