Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
If Nicaragua can produce with the same amount of resources twice as much coffee. Explain how Columbia could have a comparative advantage in producing coffee.
Derive the savings function. Derive the government expenditure and tax multiplier. Compute equilibrium income and consumption.
What does this imply about the labor-capital ratios used in production? Therefore, how do wages compare across countries?
In the poor country, there are 5,000 workers who are employed as customer service representatives at a wage rate of $10 per hour.
Which country has a comparative advantage in producing wheat? Why? What is the opportunity cost of wheat in each country?
What is the opportunity cost of bicycles in each country? What is the opportunity cost of refrigerators in each?
Using economic theory, analyze the effects on American employment levels in the burglar alarm industry. What factors make these effects larger or smaller?
where wages are roughly one-quarter of what they are in Texas. Use economic theory to analyze factors Company X will take into account when making its decision
Consider the effect of this increase on an unemployed job seeker. Using a job-search model, what is the effect on the probability of finding an acceptable job?
Graph this tax rate formula, and calculate the firm's critical value of layoff experience (lmin) and ceiling value of layoff experience (lmax).
Suppose that a VER is negotiated with the foreign firm, so that it agrees to not sell more than its free-trade quantity. What is the effect on the equilibrium?
Now add a non-traded good, which uses only skilled and unskilled labor. Contrast a high-skill-intensive versus low-skill-intensive non traded good.
Examine the aggregate demand curve for labor that arises in autarky, and under free trade. Make all the usual assumptions of the 2x2 economy.
Determine the impact of the increase in the imported input price on the wage and rental, assuming that the traded good has a higher cost share of imports.
Give an economic interpretation to ?G/?L and ?G/?K. Give an economic interpretation to ?2 G/?pi?L = ?2 G/?L?pi, and ?2 G/?pi?K = ?2 G/?K?pi.
Consider the problem of maximizing y1 = f1(L1,K1), subject to the full-employment. How is this slope related to the marginal product of labor and capital?
How many workers would a nondiscriminatory employer hire? How much profit is the employer willing to forgo by hiring these 10 female workers?
What is the gap between MRPL and wage in this labor market if L = 12? Is this gap a reliable measure of discrimination against women in this market?
What will happen if a comparable-worth law mandates that the librarians' wage be increased to equal the delivery truck drivers' wage. Use a graph.
Suppose that MRPL = 20 - 0.5L for left- handed workers, where L = the number of left-handed workers. How much profit has employer A lost by discriminating?
Comment on the Court's implicit definition of discrimination. Analyze the economic effects of this decision on men and women.
In the 1920s South Africa passed laws that effectively prohibited black African. Analyze the consequences of this law for black and white South African workers.
Evaluate the assertion that this comparable-worth policy would primarily benefit high-quality nurses and low quality building inspectors.
Analyze otential effectiveness of this subsidy in overcoming labor market discrimination against blacks and pre-market differences between blacks and whites.
Why will government-mandated requirements to hire qualified minorities (at nondiscriminatory wage) in the same proportions they are found in the relevant labor?