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Recently, computer programmers in developing countries such as India have begun doing work formerly done in the United States. This shift has undoubtedly led to substantial pay cuts for some programmers in the United States. Answer the fol- lowing two questions: How is this possible, when the wages of skilled labor are rising in the United States as a whole? What argument would trade economists make against seeing these wage cuts as a reason to block outsourcing of computer programming?
three friends are choosing a restaurant for dinner. here are their preferences rachel ross joey1st
You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive stra..
Question 2. Suppose a worker has 112 hours a week, non-labor income of $150 a week, and a wage rate of $10/hour. Assume the price of consumption goods increases from $1 (implicitly assumed price) to $2. What is the effect of this increase on a..
Compare the primary costs involved in cleaning up the water immediately (and thus confessing) versus hiding your culpability now and possibly paying more in the future. Predict the impact on profitability in both situations. Justify your response.
Evaluate the article using Economic concepts - The essence of the story: Introduce the issue, who is interested in it and why.
Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange goods and services. U.S. prisoners used cigarettes as a medium of exchange until smoking was banned in U.S. prisons in 2003. After 2..
Exposure to exchange rate risk.
As a result of the scale effect associated with a higher wage, the quantity of labor demanded is expected to, Unions may attempt to increase the demand for union workers by, Economic theory predicts that the cost of general training will be,
suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. then inflation turns out
The fixed costs at Harley Motors are $1 million annually. The main product has revenue of $8.50 per unit and $4.25 variable cost. Find out the following.
Using the Keynesian Model in modern times for the short run
If membership falls in labor unions and unions become less popular, then: If the short-run macroeconomic equilibrium is _________ of the economy's potential output, then there is a(n) ________ and the aggregate price level is expected to ________.
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