Current market failure in the u.s. economy
Problem: What do you consider to be the biggest current market failure in the U.S. economy? Why? How should the failure be addressed? Consider costs and benefits.
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Which of these are serious concerns for an economy? What type of unemployment is caused by the recession?
Do you think an athlete, having no formal education or no apparent skills training, should earn $1 million plus annually for athletics?
Assume the following data for a country: total population, 500; population under 16 years of age are institutionalized, 120; not in labor force, 150; unemployed, 23, part-time workers looking for full time jobs, 10. What is the size of the labor f
Problem: What would be the impact of raising the federal minimum wage on a firm?
What do you consider to be the biggest current market failure in the U.S. economy? Why? How should the failure be addressed? Consider costs and benefits.
Question 1: Is MTA a monopolist in New York City? Do you think MTA possesses a high degree of market power?
A manufacture is considering outsourcing their product to China, where the costs to produce the product are considerably cheaper (even when factoring in transportation costs).
This problem involves analyzing several indicators of the macroeconomic conditions in an economy, which includes interest rate, income, CPI, inventory levels, wage, consumer confidence and unemployment.
Refer to the data in the above Scenario. What is the size of the labor force in the United States for the given year?
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