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problemsuppose that jacks wage rate is 20 and that his marginal product of time in the household sector is 10 per hour
problem1 why does a worker allocate his or her time over the life cycle so as to work more hours in those periods when
problem1 distinguish between the terms of trade and the balance of trade2 why does the balance of payments always
problemif all banks in a particular economy maintain a ratio of 1214 per centi what is the size of the bank deposit
problem1 why are banks able to lend a portion of any funds deposited with them2 why are banks unable to lend sums in
problemyou can either take a bus or drive your car to get to work a bus pass costs 5 per week and the weekly costs
problemthe utility function of a worker is represented by uc l c x l the marginal utility of leisure is then given by
problem1 suppose that the indifference curves between consumption and leisure are concave to the origin how many hours
problem1 what happens to the probability that a particular person works when the wage rises does such a wage increase
problem1 what happens to the reservation wage if nonlabor income increases and why2 what economic factors determine
problemadam smith stated that taxes should involve taxpayers in equality of sacrifice progressive taxes are related to
problemthe paradox of value was a problem which preoccupied many economists during the early stages of the development
problem1 when might a country prefer to impose quotas on imports rather than levy a tariff2 if the uruguay round
problem1 is the natural rate of output the full employment level of output i in the short run ii in the long run2 when
problemsuppose jane has 3 years of college pam has 2 years of college and mary has 1 year of college jane earns 21 per
problemin the typical signaling model it is assumed that the costs of acquiring an education are higher for low-ability
problem1 suppose that the skills acquired in school depreciate over time perhaps because technological change makes the
problemdebbie has just finished high school and is about to decide which type of education to get she has narrowed down
problem1 show how education can signal the workers innate ability in the labor market what is a pooled equilibrium what
problem1 discuss how differences in discount rates or in ability across workers lead to differences in earnings and
problem1 discuss how the present value of a future income payment is calculated2 discuss how the wage-schooling locus
problem1 what is labor economics which types of questions do labor economists analyze2 who are the key actors in the
problem1 is it realistic to expect governments to achieve the aims of macroeconomic policy discuss the proposition that
problem1 why does a rise in the price level imply a fall in the value of money2 how accurately does the rpi measure the
problem1 why are leisure time and externalities important in estimating the standard of living2 apart from estimates of