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My cousin Alyssa works at a gas station. Initially she was paid $10 per hour and requested to only work 25 hours per week. After 1 year on the job she got a pay raise to $12 per hour and requested to work 35 hours per week. After 2 years on the job, she got a pay raise to $20 per hour and requested to work 30 hours per week.
a. Why does Alyssa want to work more hours when she receives a raise from $10 per hour to $12 per hour?
b. Why does Alyssa want to work less hours when she receives a raise from $12 per hour to $20 per hour?
Which of the following is found in the Eighth Amendment to the U.S. Constitution?
Why does inflation affect increase in Social Security and or profits. Is this effect a cost of inflation, as article suggests. Why or why not.
Your school is intersted in starting a scholarship fund. Each scholarship will be $500 and they anticipate funding 10 students each year. All scholarships are awarded at end of year. The organization plans to provide a total of 50 scholarships, with ..
if the long run aggregated supply is drawn at an economy's natural rate of unemployment, how can any points on the short run aggregated supply lies to the right of long run aggregated supply?
Which of the following would cause a change in supply, as opposed to a change in quantity supplied, in the market for used homes? 1. an increase in the number of buyers in the market for used homes 2. An increase in the income of home buyers. 3. A de..
Concerning a country's business cycle, which of the following situations is commonly associated with large or growing current account deficits?
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Would the outcome of a Hotelling model with prices regulated by the government be efficient?
Which of the following is a list of nonrival private goods only? Economic theory suggests that college graduates receive higher wages than those with only a high school education because:
Suppose that the demand function for regional airline Eastern Shuttle, Inc., is Q = 52,000 - 100P + 500PR + 0.45I where PR is the average price of rail service in their service area and I is the average income in the metro area. What is the price ela..
Think about the supply and demand curve of cocaine. Find a way to reduce the market quantity. Explain why you think your method is efficient.
If a nation has no absolute advantage, then it? A) cannot gain from trade B)can still gain from trade C)can only gain from trade if it raises its productivity D)can only gain from trade if it reduces wages paid E)can only gain trade if it produces ou..
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