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Q1: Many factors determine the supply and demand for labor. Identify and explain two factors that would increase or decrease the demand for labor. Identify and explain two factors that would increase or decrease the supply of labor. Use the readings and/or the Internet for examples.
Q2: Immigration is a major topic of concern in today's economy. What are the possible problems and solutions for these concerns? What could happen to the U.S. labor markets if immigration is not controlled?
In providing assistance to the states like Washington has in the past attached strings which have dictated state legislation.
Suppose the cross price elasticity of demand among peanut butter and grape jelly is negative.
Show graphically the amount of the change that is due to the substitution effect and the amount of the change that is due to the income effect.
Demonstrate the short-run profit maximizing equilibrium graphically for a sports team facing a negatively sloped linear demand with a short-run total cost function of the form;
What do you think the increase in productivity is likely to move the economy closer to full-employment or farther away.
Between your answers to parts b and c, which prices/capacity are best applied from a social welfare perspective? Why?
If the demand for money depends positively on real income and depends inversely on the nominal interest rate, illustrate what would happen to the price level today if the central bank announces.
Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.
Empirical studies reveal a positive correlation among ethical conduct in a corporation and job satisfaction.
The annual rate of growth of real GDP in a developing nation is 0.3%. Initially, the countries' population was stable from year-year. Recently, however, a significant increase in the nation's birth rate has raised the annual rate of population growth..
Elucidate the relationship among the ratio of marginal utility and the price of each good consumed in consumer equilibrium.
Utilize supply and demand analysis, the impact on the equilibrium price and quantity of new Hybrid automobiles when the following occurs
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