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Who has gained and who has lost as a result of the return of the call centers to this continent? Explain.
Explain why IBM would undertake this move. Then explain the short-run and long-run effects of this outsourcing.
How do employers respond to labor laws that make it difficult or costly to fire incompetent workers? Do such laws actually yield higher employment levels?
Why would you predict that a much larger share of total economic activity due to the underground economy will exist when a country's government is very corrupt?
What is the relevance of marginal income tax rates when seeking to understand the extent of a country's underground economy?
Identify at least two other factors that you think are important to take into account when assessing whether the differences you observe are likely.
Explain why the incentives of individuals and businesses are chiefly affected by changes in marginal tax rates -that is, the percentage of the next income.
If you found yourself paying such a 91 marginal tax rate, how great would be your incentive to find legal loopholes to reduce your federal tax liabilities?
How will the size of the response differ, say, a year after the rise in tax rates compared to a week after the increase?
What would happen to the number of people volunteering to work in the governor's next campaign? Would your decision to invest in a college education change?
What would happen to the number of disabled people if Social Security disability payments were e subject to income taxes? Explain.
Discuss overall state of the economy, especially unemployment rate, and likelihood that individuals with disabilities will discriminated against in workplace?
How will financial institutions and other borrowers pay off the loans made to them by the Fed during the recession?
What impact do you think this change in the law had on (i) employment, (ii) the duration of unemployment, and (iii) the unemployment rate? Explain.
What members of Congress have the most to gain by passing laws that subsidize the purchase of homes by high-risk, low-income individuals?
What elements of the recession of 2007-2009 have led many observers to refer to it as the Great Recession? Do you think this title is warranted?
How well do movements in a stock price index (such as the DJIA or the S&P 500) predict ahead of time the beginning or end of each recession?
Why do politicians make a big deal over whether the economy is officially in a recession or an expansion?
Why is it important, both for the political process and for our understanding of the economy, for the NBER to resist the temptation to change.
Why are nations with large underground economies likely to be happier or unhappier than one would expect, given their measured levels of real per capita GDP?
Why would these environmental improvements likely be reflected in reported measures of well-being or happiness?
What impact does this hiring out of household tasks have on measures on GDP? Explain.
How does one determine what is a final good or service and what is a regrettable necessity or an intermediate good? In other word, where does one draw the line?
How do you explain the fact that in some countries there is widespread political support for government policies that expropriate resources.
Christopher bought a $125 ticket to attend Nickelback concert in Red Rocks. What is his opportunity cost of going to the Nickelback concert in Red Rocks?