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What if the government instead decided to mandate that drivers working more than eight hours a day be paid overtime pay of $2/hour, in addition to their initial pay.
Assume you tested svereral Firestone tires and recorded their failure times (as defined by an engineer). After doing a Chi-Square test ,you decided that failures are normally distributed.
Assume you have a product with reliability of .90 at 1000 hours .Your customer wants a reliability of .99 . Explain what you can do, if the best technology was used to produce the components of the
How would either decision change if the government imposed a 20% tax on earnings and interest income. What would happen if the government exempted interest income.
For what ages will workers be paid above their VMP. Show whether this firm opposes legislation prohibiting mandatory retirement for workers under 65.
What is the impact of these ratios on the level of new money that can be created given a $100,000 cash deposit into the banking system.
Does the transaction of a buyer and seller directly affect a third party. Is the effect a negative or positive externality. Please explain.
How is it that WalMart was able to find success in the discount retailer industry. Competition seems to be so fierce among the giant retailers, after discounting and lower profit margins, how is pr
Suppose that the gov't regulated the workplace and required all jobs to have a risk factor of 1/5 (that is all jobs become Job 1) What wage would the worker now need to earn in the Job 1 to be equal
write out the equation used to evaluate the net benefit of a college education, for discount rate r. What is the internal rate of return for the college investment that this person faces.
Suppose that Japanese and U.S automakers produce on identical isoquats and that wages are higher in Japan than in the United States. Do autoworkers in Japan have a higher marginal product than Amer
If investment tax credits granted earlier are either repealed or eliminated, what impact will the repeal have on the exporting of jobs to foreign countries. Explain using isoquant/isocost theory.
Doesn't economic growth, and the innovation that generates it, produce more and more substitutes or new discoveries of reserves for what is being depleted. How do oil reserves look, compared to what
Briefly comment on the current issue of "exporting jobs". Does economic theory offer any advice about this issue (exporting jobs).
Does free trade harm the environment. Trade liberalization leads to a "race to the bottom" in environmental standards. Recreate and Evaluate the arguments and counter-arguments.
Argue the science of economics in the presence of making a profit with scarce resources (Michael Baye) versus Adam Smith view that people decide on the basis of sympathy with an aim for moral approv
Proponents of trade liberalization argue that freer trade might actually improve the quality of the environment. Describe industrial nations based on polluter-pays principle.
Explain why does poverty exist in country with abundant resources. When you travel to South America, you encounter countries that have a vast amount of natural resources.
Discuss the economic causes and consequences of environmental devastation and its impact on achieving sustainable growth and development.
Write on the Disadvantages on how trade liberalization does not conflict with morally conscious environmental policies.
What are the four economic resources. How is each resource defined. What is the law of increasing opportunity costs. Why do opportunity costs increase.
Although abundant natual resources can be a blessing to a country, are they necessary to ensure economic growth and a prosperous country. Are natural natural resources compulsary for economic growth
Trade liberalization conflicts with morally-conscious environmental policies. What is the argument to support this.
What impact do natural resources have on economic growth. Will it be possible for a country with few natural resources to grow rapidly.
Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences.