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Use the "Dirt" model in labor economics to explain how a compensating wage differential works to induce people to take on dirty/dangerous/demeaning jobs. Why does this model imply that people with similar tastes tend to work together?
In the market for used cars we have 10 sellers, willing to sell at the prices of $1000, $2000, $3000, $4000, $5000, $6000, $7000, $8000, $9000, $10000. What could the market price be in order to induce five sellers to offer their cars for sale?
Suppose a frost destroys the tomato crop in california but farmers see an increase in their revenue
Much like individuals, organizations also exist within the community. How does an organization's responsibility within a community differ from the individuals?
A study was done of all homicide convictions in the State of Florida between 1976 and 1980 in order to examine if the application of the death sentence was racially biased. “Race of the suspect” is a lurking variable in this situation. “Race of the v..
Explain the purpose of an agreement template and why a written agreement best serves to generate commitment to the agreement. Discuss why silence can be an effective response to a request for a last-minute concession and when the nickel-and-diming ap..
Examine the level of business activities in the U.S. economy over the past few months. Which trends do you find of interest? What stage of the Business Cycle is the U.S. economy, given the current levels of business activity? Use current data
The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
We’ve talked about how companies simplify Profit = Total Revenue – Total Cost. We’ve also discussed how the more meaningful definition of profit is Profit = Total Value – Total Cost, where all costs are opportunity costs. How might an obsession with ..
A certain college graduate, Sallie Evans, has $24,000 in student - loan debt at the end of her college career. The interest rate on this debt is 0.75% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to..
How many male workers would the firm hire if the employer did not discriminate? How many female workers would be hired?
after the fourth you wince, "No more, the after-taste is getting to me. I need water." What economic principle does this scenario illustrate? Define the principle.
Think about a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc.). Explain how the law of demand affected your purchase. Give specific examples of how the determinants of dema..
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