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If the labor laws were repealed and labor unions made illegal, how might this affect the terms and conditions of employment for employees? Is the selection process for determining members of the National Labor Relations Board too politicized? Explain your response. Does the current selection process lead to instability in interpretations of the LMRA and if so, is this a positive or negative for employers and employees covered by the law? Explain your response and use references.
What is the dollar value of the deadweight loss when output level Q3 is produced? What is the dollar value of the total surplus when output level Q3 is produced?
What average annual inflation rate would a monetarist expect if the Fed maintained a growth rate of M2 = 10% per year for a three year period? (Assume that the monetarist felt that the long run average growth rate of RGDP was 3%)
use the following data to calculate a the labor force participation rate b the unemployment rate and c the
the wealth of nations of modern economies when the federal government uses expenditures to stimulate the economy it
if the worker earned 12.00 hr. in 1990 and 18.00 in 2000 then who would have a higher nominal income and a higher real
briefly explain the theory of rational expectations. what makes supply-side economics theoretically attractive? what
Other things being constant, how will the following influence the hourly earnings of employees? Explain your answer. a. The employee must work the midnight to 8: 00 A.M. shift.
1. a profit maximizing firm in perfect competition produces no dead weight loss but a profit maximizing firm in a
As prices increase, should health economists advocate giving something up (opportunity costs/trade-offs)? As the quantity of health services provided goes up, does the benefit of each additional unit of service become smaller (marginal analysis)?
describes the market structures of oligopoly and monopoly in terms of number of producers, types of products produced, barriers to entry, and whether profit can be made in the short or long run.note whether oligopolies and monopolies are bad or..
one is to convert the actually a nominal gdp number to a real gdp number. the other is to convert a nominal gdp growth
You run a small business and would like to predict what will happen to the quantity demanded for your product if you raise your price. While you do not know the exact demand curve for your product
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