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One economist has observed that by age 20, the cognitive and non-cognitive skills of people are set in such a way that those who are not good at learning new skills or concepts cannot be helped much by education or training programs. Assuming this observation is true, use economic theory to analyze its implications for the issue of earnings inequality in the world today.
Many cities have experienced a substantial decrease in the amount of garbage being collected after they changes from levying a tax on each household to pay for the pickup to charging a fee for each bag or can picked up.
If congress decides to reduce the tax paid per pack paid by sellers of cigarettes other things being equal the cost of cigarettes will fall.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
Illustrate what is the marginal cost of the 1,000th packet. Is this firm making an economic profit, a normal profit, or an economic loss
A justification for job training programs is that they improve worker productivity. Suppose that you are asked to evaluate whether more job training makes workers more productive. However, rather than having data on individual workers, you have acces..
What is the monthly interest rate? How much will Susan pay each month for 45 months? What effective interest rate is being charged?
Illustrate the effects of monetary policies on the economy's production and employment.
Compute the value of the Keynesian spending multiplier for transfer payments. Give the amount of the change in the equilibrium level of Real GDP due to a $6 increase in unemployment compensation.
q1. what is the rationale behind the mini-max regret rule? illustrate several less formal and precise methods of
calves and burying them in mass graves rather than transporting them to markets. Elucidate what economic factors may influence such behavior.
During the last year, the demand for books has been falling. At the same time, some industry observers expected that several smaller book manufacturers might exit the market due to the strong competition imposed by Kindle. Use a demand and supply gra..
Elucidate how the presence of imperfect information also asymmetric information provides theoretical reasons for financial intermediaries to exist.
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