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What would happen to employment if the wage rate rose to $50? Explain your answer.
Must write a 250 word explanation as to your stance on the debate.
In the third part of your essay, articulate the strongest criticism you can against the attractiveness of capitalism.
These questions are not covered in the text, but can be answered with a few Google searches: What is the current salary of Urban Meyer and Chris Holtmann?
Write a two-page essay on the following question: Will there always be poverty? Use a minimum of two academic journal articles from the CSU Online Library.
With his first paycheck, Steve decides to buy a car. Explain one aspect of bounded rationality discussed in the text that this example exhibits.
If the parents decide to add another vehicle to the list, is that affecting the choice architecture for their son? Why or why not?
Describe the influence of the market structure on your recommendation. Present your recommendation in a way that is consumable for a diverse audience.
What is the equilibrium quantity of Frisbees? If the price currently prevailing on the market is $4.00 per Frisbee, how many would buyers want to buy?
Firms such as Uber, Airbnb, Foodora etc. Which is a generic term that describes economic and social activities that take place online.
How does total welfare in Argentina change compared with autarky? Are Argentine cattle ranchers better or worse off? What about Argentine consumers?
How will a tariff on imported cars help it to accomplish this task? How does the tariff affect domestic producer and consumer surplus?
Who will benefit from this policy? What are the drawbacks for Great Britain and countries that export to Great Britain?
Consider how the embargo will affect U.S. producers. Under what conditions would they support the embargo? Why might they oppose it?
Give an example of land, labor, and capital. Give an explanation for the discrepancy in the amount of labor hired in each location.
You are considering hiring an additional worker. What information would you need to know to decide whether doing so would increase or decrease your profit?
Assuming her goal is to maximize her profits, explain why Christina did not hire another consultant.
Use the concept of opportunity cost to advise your grandmother how to decide whether to take the job.
What do you expect will happen to the demand for the labor in auto-manufacturing plants? Explain how the equilibrium price and quantity of labor will change.
Suppose a cafe owner wants to switch to automatic espresso machines instead of paying. Explain how the equilibrium price and quantity of labor will change.
Assume the supply of labor remained constant over this time period. Give two possible explanations for why Leo's workers are paid more in 2013.
Suppose a new law effectively prohibits this practice. What would you expect to happen to the wages of men in this industry?
Suppose your friend wants to become a doctor. Describe some of the human capital required to achieve this goal.
How would you advise Ariel to think through her choice of restaurant location? What factors should she consider?
A farmer with land next to yours offers to buy your acres so he can expand his grazing area. How will you decide whether to sell your land to the farmer?