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How would you expect each of the following factors to affect the natural rate of unemployment?
a. There is an increase in the rate of technological change.
b. The minimum wage falls.
c. Unemployment benefits (that is, the percentage of wages replaced by unemployment) are increased.
d. Improvements in information technology speed the matching of jobs and workers.
e. There is a recession.
Write down a short memo to Ralph Sampson describing the analysis that the company should do before it makes this decision and any other considerations that would affect decision.
Using ideas of consumer and producer surplus analyse this claim. Is there a case for price controls on housing?
The Swiss pharmaceutical global corporation Hoffman-La Roche has made a major breakthrough in the relief of a serious disabling disease that affects 3 percent of the world's population. Its new product Tigason is the first product that effectively..
Explain the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns, absolute advantage or comparative advantage? Why?
If "excess profits" are taxed away, where will oil companies get the money to fund new exploration and development of oil properties? Does it matter if these price increases are demand or supply induced?
Explain the output and price effects which affect the profit-maximizing decision faced by the firm in oligopoly market. How does this differ from output and price effects in monopoly market?
The output sold by a particular firm may be quite different from the output sold by the other firms in the market
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Gentleman Gym just paid its annual dividend of $3 per share, and it is hugely expected that the dividend will raise by five percent per year indefinitely.
For this week, we are continuing our discussion on GDP and economic growth. We will realize that most of government spending goes towards welfare such as social security. However, it is a common belief that social security benefits
What is the consumer surplus [loss] associated with the merger and what was the profit before the merger? after? increase? How does the consumer loss compare to the increase in profit?
The general demand function for a good, Good A, is: Is Good A a normal good or an inferior good? How do we know exactly?
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