What effect would this increase have on employment? Does the change in employment depend on the elasticity of demand, the elasticity of supply, both elasticities, or neither?

Read the case “The Minimum Wage” from Chapter 6 “Supply, Demand, and Government Policies” Page: – 117 given in your textbook – “Principles of Macroeconomics”. A case study discusses the federal minimum-wage law. Questions: 1 Suppose the minimum wage is above the equilibrium wage in the market for unskilled labor. Using a supply and-demand diagram […]

Colleges Are Fueling the Pandemic in a Classic Market Failure: colleges face an existential crisis without the revenue from students on campus. Two economists argue that Government intervention would be helpful. What do you think about this in general?

Should Government Intervene in Classic Market Failure Facing Colleges as a result of the Pandemic? Read the article that is attached to this document and also linked below and respond to the questions below with a 1-2 page essay, providing concise arguments for he merits of your position. Be sure to include supporting market data […]

Write an analysis paper on the economists Richard Cantillon and William Petty.

Write an analysis paper on the economists Richard Cantillon and William Petty. Make sure to include the following points: A short introduction to the thinker. This might include a brief summary of the context in which the author is writing, and-thus-what motivated his thinking. It might also include why the issues were thought to be […]

Do you think that despites such contradiction (coexistence of totalitarianism and rapid economic development), China will continue to rise faster and surpass the United States as the largest economy in the next few decades as some economists predict?

Do you think that despites such contradiction (coexistence of totalitarianism and rapid economic development), China will continue to rise faster and surpass the United States as the largest economy in the next few decades as some economists predict?

Explain the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know.

Assignment Content Promoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade. Consider the following: Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied. The term “trade deficits” is […]

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