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Labor unions face many challenges-including changing technology, foreign competition, and declining membership. But one union occupation thrives-dockworkers. The 100,000 members of the two longshoremen unions handle nearly every item or shipping container that enters or leaves any U.S. port. With salaries averaging more than $120,000 a year, longshoremen are the highest-paid blue-collar workers in the nation, if not the world. Dock foremen average nearly $200,000 a year-more than most lawyers and physicians. At the South Carolina port of Charleston, for example, union pay is triple that of auto mechanics and truck drivers and is four times that of firefighters. The supply of applicants for dock jobs is great. When the port of Los Angeles needed 3,000 more union workers, over 300,000 applied, many of them college graduates (jobs were awarded by lottery). Why? Be sure to explain both the general situation faced by most unions, and the special circumstances of dock workers
Provide a detailed analysis of the policies that the government could use to increase the living standards of the people.
Calculate the forward discount or Premium for the Mexican peso whose 90-day forward rate is $.102 and spot rate is $.10. State whether your answer is a discount or premium.
Generous Motor Company took a short loan of $100M for two years from friendly bank in China. The company made a monthly payment of $1M for two years and wrote a check for $100M at the end of two years in addition to the $1M monthly payment. Determ..
Assume that nominal interest rate on 3-month Treasury bills is 8 percent in the United States and 6 percent in the U.K., and the rate of inflation is 10% in the United States and 4% in the U.K.
Many corporation manufacture more than one product. What is the motivation to do this and explain how do rules for profit maximization differ between a single product corporation and a multiproduct corporation?
Determine which of the following transactions would contribute to a United States current account surplus and why?
In the same context of Q6 above, briefly explain why the prices of Short Term US treasury securities are still high enough to keep the interest low enough despite the fact that the US Bond rating has been downgraded from AAA status to AA+ by S&P i..
Identify the legal issues of a civil nature affecting each party and given the legal issues you identified, advise each party how they should proceed legally and explain the results you expect.
Discuss why can not one nation have a comparative advantage over another nation in production of everything if the 1st country has excellent natural resources,
Suppose if airline industry was operating under other market structures, how would equilibrium price and quantity differ? Would it be higher, lower, or same?
Evaluating the role of governments - INTERNATIONAL TRADE and drawing on Carbaugh's discussions in Chapters 6 and 7 concerning industrial policies, strategic trade policy, the trade problems of developing nations, import substitution, and export-led..
Determine the free trade equilibrium. Then calculate and graph the following effects of an import quota that limits imports to 50 bags. a. The increase in the domestic price b. The quota rents c. The consumption distortion loss d. The production d..
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