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Question: Suppose empirical studies have discovered that an additional year of schooling raised wages by 7 percent in 1 970, regardless of the worker's race or ethnicity. The evidence also indicated that, holding education constant, a white worker earned 15 percent more than a Hispanic worker. Assume that education is the only factor that affects productivity and that the average white worker had 12 years of schooling in 1970, whereas the average Hispanic worker had 9 years. By 1980, the average white worker had 13 years of education, whereas the average Hispanic had 11 years. A year of schooling still increased earnings by 7 percent, regardless of the worker's ethnic background. And the wage differential between the average white worker and the average Hispanic was 24 percent. Was there a decrease in wage discrimination during the decade? Was there a decrease in the share of the wage differential between whites and Hispanics that can be attributed to discrimination?
If the foreign in?ation rate rises permanently, would you expect a ?oating exchange rate to insulate the domestic economy in the short run?
selectnbspand describe a leader you admire. your selected leader may be either a real-life individual or a fictional
How many officers did Sir Robert Peel hire when authorized by the Metropolitan Police Act to create a police force and What year marks the beginning of organized, paid, civilian policing - Which category of activity accounted for the fewest police-ci..
What is meant by monopoly? How is price and quanitity of output determined under monopoly?
The girls begin squabbling over who gets to use the family's iPad. Mona intervenes to stop the fight. Using the Raven and French model of power, what might Mona say to end the fight?
What are the advantages and disadvantages of the oligopolistic structure? How would an increase in a monopolist's fixed costs affect its profit-maximizing choice of price and quantity?
The State Parks Department is considering the purchase of a marsh to form a bird sanctuary. Bird watching is valued at $2 per hour, the state's interest rate.
The total relevant cost of holding inventory in a plant for purchased materials is given, TRC = (6000/Q)(60) PLUS 0.30(12)(Q/2) PLUS 6000(12) WHERE Q IS THE ECONOMIC ORDER QUANTITY.
Define absolute and comparative advantage. Compare the two views on trade. How does the concept of opportunity cost factor into comparative advantage?
Explain the theory of liquidity preference. How does it help explain the downward slope of the aggregate-demand curve?
Explain what is different between firms in monopolistic competition and firms in oligopoly. What does this difference mean for prices and quantities and for economic profit?
For each risk type listed in the table, indicate with an xin the appropriate column if you are taking the perspective of an importer or exporter.
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