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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?
What information would you require before judging this to be evidence of wage discrimination?
Suppose the wage rate that is paid at a particular firm is W = 5 + 0.5T, where T = the number of years. Explain which would necessitate leaving his or her job?
The MRP of labor is given by the following equation: MRP0 = 20 - L, where L = number of workers. How many workers will the employer want to hire?
If workers retire after 35 years, will this plan be profitable for the firm? Explain. For how many years will the firm underpay its workers?
Analyze the dual claim that stock options are tenuously related to CEO performance and that moving away from them and toward bonuses will strengthen incentives.
In recent years, many plants have closed forcing thousands of worker. How might a compensation scheme designed to enhance worker motivation lead to this result?
Graph this benefit formula, and calculate the benefits and replacement rate for workers whose previous weekly wages are $100, $500, and $2,000.
If labor demand falls to LD = 18,000,000 - 300W, how many workers will be unemployed in Pennsylvania? What will be its unemployment rate?
This wage insurance would be available for up to two years after the initial date of job loss. Would this wage insurance program reduce unemployment? Explain.
If employers lose the right to discharge workers without cause, what effects will this have on the unemployment rate?
Would you expect greater employer flexibility in hiring and assigning workers to increase or decrease unemployment in Mexico? Explain.]
Explain what effect you would expect this taxation of UI benefits to have on the unemployment rate.