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Question 1:
a. Describe the role of trade union in the wage bargaining process.
b. Formulate a model that tests for the wage gap between union and nonunion earnings in a given economy. Briefly explain the expected outcomes.
Question 2:
a. Using diagram explain the consequences of a monopsony situation in the labour market.
b. How far the labour market in Mauritius contrasts to a monopsony situation? Note: arguments shall be separately presented for public and private sectors/industries.
Question 3:
a. Describe the long-run impact of labour migration.
b. Describe the significance of labour migration in Mauritius.
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The manager of a movie production company is thinking of investing in new graphics computers for a price of $325,000. The computers are expected to have a useful life of 3 years.
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Assignment on discounting principle
Change in Currency Rate Change in the sterling currency rate has also great consequences because it depends upon the sterling currency rate to the other countries as well. As
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