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Which of the following statements is true? Other things equal, the demand for labor will be less elastic the:
easier it is to substitute capital for labor.
greater the elasticity of resource supply.
greater the elasticity of product demand.
smaller the ratio of labor costs to total costs.
What is the amount of equal annual deposits needed in years 7 through 14 to provide for a series of annual withdrawals of $2400 beginning 9 years from now and increasing at the rate of 2% per year through year 19? Assume an interest rate of 5% per ye..
Please consider the effect of prices on everything doubling. Suppose all prices doubled while you slept. A soft drink that sold for a dollar now sells for two dollars; a car that sold for $20,000 now sells for $40,000. The price of labor doubled as w..
Suppose that "0" coupon US treasuries due to mature in one year were yielding .39%, while "0" coupon US treasuries maturing in 2 years were yielding .83%. If you were a risk neutral investor who wanted to choose between these bonds the one that offer..
Following a renewable fuels mandate in 2005, the demand for yellow corn, the key ingredient in ethanol, skyrocketed. What is the immediate effect of the increase in demand on the price and quantity of yellow corn? Yellow corn and white corn (the key ..
Given the above information that the US CPI = 235, UK CPI = 215, and the current nominal exchange rate = .85 pound per dollar, what does the Theory of Purchasing Power Parity predict the nominal exchange rate to adjust to? Enter your answer in pound(..
Suppose someone stated that the Heckscher-Ohlin model is best-suited for explaining trade between developed countries and developing countries, while newer theories such as those of Linder and Krugman are best-suited for explaining trade among develo..
q1. a u.s. resident can earn 6 percent interest on a one-year bank deposit of 100000 at home. alternatively she can
Elucidate how much labor should the firm employ. What is the resulting output and profit.
Construction contractors are the buyers of Portland cement, a key ingredient in concrete. Neither construction contractors nor their customers use much coal. Consider a supply and demand model of the wholesale gasoline market. If a tropical storm for..
q1. disposable personal income equals personal incomea. minus government transfer payments plus personal tax
Global outsourcing has cost the U.S. economy far more than one million jobs since 2001, or somewhere between 15 and 35 percent of the total decline in employment since the onset of the 2001 recession. What will it likely do to the overall level of U...
What are the four categories of human capital typically found in a group of ten workers. For each category, please identify a basic strategy that should be used with each group to maximize effectiveness
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