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QUESTION 1
i) Use a simple human capital model to explain the rationale for undertaking higher education
ii) Why do some people vary significantly in the amounts of human capital which they acquire?
iii) After graduating from high school, Mehvin is thinking about enrolling in a oneyear course in e-commerce. The direct costs of the course are $4,800. The potential salary that is forgone during a year amounts to $2,200. Upon completion of the course, he plans to work at Skynet Corporation for three years and then retire. The incremental income he anticipates because of his training is $3500, $4,000 and $4,500 for the three years he intends to work. The relevant interest rate is 10%. Is the decision to enroll in the data processing course rational? Discuss
QUESTION 2
i) How is the "pure" union wage advantage defined? If in a given labour market the wage rate would be $5 without a union and $7 with a union, then what is the pure union wage advantage?
ii) Briefly discuss the economic arguments for and against of trade unions
iii) Explain how, and in what direction, each of the following may cause the "measured" union wage advantage to vary from the pure advantage
Define methods which can be used to monitor supplier performance. Methods to monitor supplier performance are as follows: a. Approval of designs: The organisation comments o
Below is a given Frequency Distribution Table which needs the Student's attention. Please complete the table as necessary to find the following information: a. What is th
#questDuring the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in ter
Question #1 A baseball team is trying to predict ticket sales for the upcoming season. They are also considering increasing prices. The market has a population of 2 million persons
What is structural change? Structural change: Structural change arises while the associate share of GDP and employment accounted for through the primary, secondary and te
The Wallpaper Shop, Inc., is a rapidly growing chain of wallpaper shops that caters to the do-it-yourself home remodeling market. During the past year, 15 stores were operated in s
Question: (a) Assume that a market is in equilibrium and all investors agree that the return on any diversified portfolio P is equal to R P = a p + b p 1 F 1 + bp 2 F 2
Question 1 Explain the Orthodox and Liberal perspective of political theory Question 2 Critically analyse the institutional approach in comparative political analysis
about replacement and historical costs
QUESTION Write short notes on any three (3) of the following: (a) National income and the standard of living. (b) Globalization and its implications for developing countr
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