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Women have increased the amount of education they have achieved relative to men, and average years of schooling completed are now approximately the same for males and females. Human capital theory predicts that this would close the male-female earnings gap. In fact, this has not happened. How can you explain it?
Utilizing an appropriate diagram, show and explain briefly how a rise in the minimum wage could result in higher employment
It is impossible to select as BMW's and laser printers are fundamentally different goods with different purposes.
Choose a social difficulty where free markets are not allowed to function and describe how free market features could be introduced to help alleviate the difficulty.
What is the maximum amount of new loans that this bank can make and assume that the bank makes these loans. What will the new balance sheet look like?
Barry earns $20 an hour for up to 40 hours of work per week. He is paid $30 an hour for every hour of work in excess of 40. There are 110 hours a week available for work. Draw Barry's budget line for these facts. Label completely.
compute the unregulated market level of output and price as well as the socially efficient level. By how much does the market output exceed the socially efficient output, and by how much is the market price below the socially efficient price
How were slaves involved in the New England economy in the 17th and 18th centuries and biotech is just one of several up and coming industries in Massachusetts. Give some reasons that Biotech has clustered here and what are some other industries t..
Allowing free trade between countries can be beneficial, but it also imposes costs. Use the ITT Tech Virtual Library to research costs and benefits of allowing free trade. Discuss aspects of international trade that some may consider unfair.
What kind of shocks could have caused this change to the money demand function? Determine the new interest rate and equilibrium level of output.
Explain how do markets determine the payments to the various factors of production. How do markets determine the distribution of income.
Argue that the main goal of a firm in a market economy is to maximize profit shareholder wealth over the long term. How might this impact stock price in the short term.
Find the solution using the mathematical equivalence formulae (such as F=P(1+i)n), substitute and solve (with your calculator - not with the tables) for the final answer? Solve by using the proper equivalence expressions (such as F = P(F/P, i, n))..
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