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In our discussion of the evidence of the effects of minimum wage changes. Exactly what problem were we referring to?
How would an increase in social security payments affect the choice of workers between jobs in the formal and informal (underground) parts of the economy?
If two states have different rates of labor taxation, what can you say about wages before and after taxes in the two states?
What happens to the rate of unemployment of minimum wage workers if the rate of inflation is lower than expected?
Using the discussion of estimation of labor demand, if you could conduct an experiment to see the effects of a minimum wage increase, what exactly would you do?
Using supply and demand curves in the market for fast food, what are the effects of an increase in the minimum wage in this market?
Find a country that does not have a minimum wage. Do you think the lack of a minimum wage means that workers are badly treated in that country?
What arguments were made to support the minimum wage? What arguments were made against the minimum wage?
What happens if there is a dispute? What role might reputations play in the enforcement of these private agreements?
Everyone expects the government to ration the supply of coffee. What will likely happen to the price of coffee once the forecast is announced?
What effects do you think this has on the buying and selling of liquor near the border of the two states?
What would be the advantages of such a system? What would be the problems?
Explain how the incidence of a new tax on textbooks, collected at the point of sale, will be determined.
Assume that the price of oranges is $1 in the first year and then increases at 10 percent per year. What is the discounted present value of this tree?
Explain why, when we analyze the minimum wage, the elasticity of labor supply affects the unemployment rate but not the employment rate.
In addition, workers in the informal sector do not pay income taxes. What is the effect of this on wage levels in the two sectors?
What would happen to wage differences across regions? What predictions would you have for the flow of workers across parts of China?
The US Census Bureau has experimented with a variety of possible definitions of personal income. How does the Gini ratio change?
Discuss how government policies can influence economic growth. Describe how trade deficits or surpluses can influence the growth of productivity and GDP.
During the past year, Mario = a used car for $1,000. Using the expenditure approach, how much has Mario contributed to GDP?
What types of environmental problems do the rural and urban poor share? What are some differences in the conditions they face?
What steps might governments in less developed countries take to reduce overexploitation of natural resources? What impact do pricing policies have?
Why are the objectives of economic development and sustainable growth mutually reinforcing?
What are some of the costs associated with environmental degradation? How might they detract from economic growth? What are the developmental implications?
In what ways can developed nations best contribute to the alleviation of global and domestic environmental problems? Be specific.