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What set of circumstances will tend to cause an individual to choose not to participate in the labor force? What generalizations can you formulate on the basis of:
a - education
b - the presence of preschool children
c - level of spouse's income
d - race
e - location of a household (urban or rural) on the one hand and the probability that a married woman will be a labor force participant on the other?
II) In the US, payments to disabled workers on the average replace about half of their former earnings. In some other countries such as Sweden and the Netherlands disabled workers receive as much as 70 to 90% of their average earnings. We also observe that the proportion of workers receiving disability benefits is much lower in the US than in the latter two nations. Are these findings consistent with the work-leisure model? Explain.
explain how many sodas will the consumer purchase in a typical month. Illustrate what is the elasticity of demand for soda.
If Price elasticity of demand for restaurant meals is 2.27 and restaurant meals wants to increase slaes by 45% by illustrate what percentages would the price have to decrease to get the intended resualts.
Describe one possible combination of government spending increases and tax decreases that would accomplish the same goal.
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
What does it mean to have an imperfectly competitive market. Clarify with examples.
A federal government agency that purchases certain types of home mortgages, buys U. S. Treasury bonds from another government agency, elucidate how would this affect the net public debt, other things being equal.
Explain how does the concept of dualism adequately portrays the development picture in developing countries.
Government increases taxes by 50 billion and increase transfer payments by 50 billion illustrate what would happen to aggregate demand.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
If the company requires a minimum return of 25%, illustrate what should be the minimum yrly sales for 12 yrs to justify the investment.
its lenders requested that the firm disclose full information about its revenues and costs. Elucidate why Brownstown's management was reluctant to release this information to its lenders.
Sketch a simple T-account for First National Bank which has $5,000 of deposits, a required reserve ratio of 10 percent, and excess reserves of $300. Make sure you balance sheet balances.
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