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In his well-known hypothesis about income distribution and economic development, economist Simon Kuznets argued in the 1950s that developing countries must first suffer an increase in inequality as they grow. Only as economic development proceeds, Kuznets argued, will inequality begin to decline. What do you think is the logic behind Kuznets's theory? Recent research shows that the Kuznets relation no longer holds. Why do you think this is?
the possibility that employer-provided health insurance reduces job mobility-a phenomenon that has been termed job lock. Job lock prevents workers from transitioning to jobs in which their marginal productivity would be higher
A computerized machining center has been proposed for a tool manufacturing company. If the new system (which costs $125,000) is installed, it will generate annual revenues of $100,000 and will require $20,000 in labor, $12,000 in annual material e..
Thinking globally . What factors other than spending per student might influence the comparative performance of students across countries reported in this chapter? What kinds of changes might influence student performance?
in short run total cost,variable cost,and fixed cost curves and in the other,the short run marginal cost,average total cost,average variable cost,and average fixed cost.
The average number of shares traded daily on the New York Stock Exchange during the past year was 1.9 million. If the distribution of daily trading volume is approximately normal, with a center at 1.9 million shares and a standard deviation of .25..
Abby consumes only apples. In year 1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2, red apples cost $2, green apples cost $1, and Abby buys 10 green apples.
Describe a leadership development program you feel would be effective to keep managers aligned with customer needs and responsive to their staff'sneeds.
why was the switch to a market economy expected to lead to increased incomes?
What are the factors cited in this statement that determined the FOMC's decision of changing (or keeping constant) its target for the federal funds rate?
Identify and define two economic indicators that reflect the strength of the economy (e.g. real GDP, unemployment rate, inflation rate, interest rate, housing starts, etc.).
If policy succeeds in maintaining full employment, what happens to inflation?
A local bank will lend a customer $1000 on a 2-year car loan as follows: Money to pay for car = $1000 Two years' interest at 7%:2 x 0.07 x 1000 = 140 24 monthly payments = (1000+140)/24 = $47.50
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