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Social security faces a $5.3 trillion shortfall over the next 75 years, but a congressional report says the massive gap could be erased by increasing payroll taxes paid by both employees and employers from 6.2 percent to 7.3 percent and by raising the retirement age to 70. a. Why is Social Security facing a $5.3 trillion shortfall over the next 75 years? b. Explain how the suggestions in the news clip would reduce the shortfall. c. Would the suggestions in the news clip change the generational imbalance?
Show what would in the market for unskilled labor if Congress were to raise the federal minimum wage to $9.00 per hour. The value of the Syrian pound has dropped
q1. the short-run marginal cost of the ohio bag company is 2q. price is 100. the company operates in a competitive
Suppose a monopolist faces the following demand curve: What is the monopolist’s profit-maximizing level of output? What price will the profit-maximizing monopolist charge? How much profit will the monopolist make if she maximizes her profit?
Draw a production possibilities curve for the pleasure you get between hanging with friends and from doing your Economics problem set.
Two firms that produce an identical product are located at each end of a street of length 10. There are consumers uniformly distributed along this street who value the product at V = 50 and desire at most one unit of the product. What are the optimal..
Treasury bonds are issued by the federal government through the ?
Emily Dorsey's current salary is $85,000 per year, and she is planning to retire 19 years from now. She anticipates that her annual salary will increase by $1,000 each year ($85,000 the first year, to $86,000 the second year, $87,000 the third year, ..
Suppose a firm purchases labor in a competitive domestic labor market and sells its product in a competitive international product market that covers the whole world. Domestic producers represent a small portion of the world market and have no influe..
Devote too few resources to the creation of knowledge. Explain how does the U.S. government correct for this apparent market failure.
A consumer consumes 2 goods (X and Y) and has convex indifference curves for the two goods. In period 1 the price of each good is 2 and the consumer’s income is 8. In period 2 income and the price of Y are constant, but the price of X declines to 1. ..
What does an increase in fixed costs due to the average cost curve of small firms.
Critically reflect on the importance of capital budgeting. Why is this such a heated subject in many boardrooms? How does capital budgeting promote the financial health of an organization? How will you use the financial techniques you have learned th..
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