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The labor market is traditionally protected by union in many industries such as automobile and K-12 education (public schools)? What are the pros and cons of unionizing a workforce? What about minimum wage rate? What are the pros and cons? Do you favor one over the other in both of these two areas pertaining to the labor market?
Illustrate what is the logic of a firm setting and exercising the application of a mandatory retirement age? What are the pros and cons of the mandatory retirement practice from the perspective.
Suppose that the domestic demand and supply for hats in a small open economy are given by-Where Q denotes quantity and P denotes price.
Among which method of encouraging growth would one suggest for these typical companies in these 2 countries.
The theory of purchasing-power parity primarily explains 1. why a change in the real exchange rate changes a country's net exports. 2. why trade deficits tend to move to zero over time. 3. how foreign prices affect domestic prices. 4. the determinati..
According to the life-cycle hypothesis, determine the typical pattern of saving for an individual over his or her lifetime?
Since fall of 2004, increasing oil prices over $70 per barrel in spring of 2006 have frequently ended stock market rallies and led to refuse in all major stock indexes.
Assume at present, firms in perfectly competitive market are receivings negative economic profits (losses). Describe the process by which this industry will reach long-run equilibrium.
Illustrate what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources.
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than.
Illustrate how you would use the rest of the information above to better assess the impact of the influx of immigrants.
Compute the income elasticity also elucidate how sale of the novels would change during a period of rising incomes.
Obtain annual data for a series of economic indicators from the ABS National accounts database. The economic indicators you are required to research are annual growth rate for GDP
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