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1. The reservation wage will decrease for an individual if:
A. the marginal value of time in nonmarket activities declines
B. the absolute value of the slope of the budget constraint increases at the point corresponding to zero hours of work.
C. the market wage rate declines.
D. nonlabor income rises.
2. Under the welfare system depicted in the diagram above, the marginal wage for a welfare recipient is:
A. less than zero.
B. equal to zero
C. greater than zero
D. None of the above is correct.
Elucidate what policy measures can be to combat cost push inflation and demand pull inflation respectively and commet on the possible side effects of these measures.
Consider a Cournot duopoly with the inverse demand p = 130 ? Q. Both firms have constant marginal and average cost MC = AC = 10. Find the Cournot-Nash equilibrium output and profit of each firm. Calculate the consumer surplus and DWL.
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Also the economy has G = $1100, I = $404, and XN = $15. Unemployment in the economy is currently 5.2% and inflation is 0.1%
One months ago, they added five workers and productivity also increased by 50,000 pages. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier.
Suppose that international markets expect inflation to average 1.7% in germany for the foreseeable future, and U.S. inflation is expected to average 1.5%. Based on that information one should expect the dollar to:
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Which of the coefficients are statistically significant and which are not? Explain. d. What percent of variation are restaurant sales explained by this equation?
Wade’s solution to prevent crises such as the Asian financial crisis involves each of the following components EXCEPT:
Consider an economy in which taxes, planned investment, government spending on goods also services also net exports are autonomous
q. throughout history the most popular form of money has been gold.a. give three reasons why gold has been such a
You find that the car requires repairs of 1,200 dollars in order to get it to run. Once it is repaired, it will definitely not break down again. Assuming that the car is worth 3,500 dollars after repairs, should you get it fixed.
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