Questions from Microeconomics


Q: Which of the following make a person less likely to have health

Which of the following make a person less likely to have health insurance? Select one or more answers from the choices shown. a. Working for a larger firm. b. Being a low-wage worker. c. Being employ...

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Q: In what respect is the economic decision to move across international borders

In what respect is the economic decision to move across international borders an investment decision? Why do economic migrants move to some countries but not to others? Cite an example of an explicit...

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Q: Differences in productivity are usually the major force behind differences in wages

Differences in productivity are usually the major force behind differences in wages and unit labor costs. Suppose that a single unskilled worker at a pottery factory in Mexico can produce 1 mug per ho...

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Q: The primary reason people immigrate to the United States is:

The primary reason people immigrate to the United States is: a. To escape political or religious oppression back home. b. To reunite with family members. c. To improve earnings and living standards....

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Q: Distinguish among land-, labor-, and capital-intensive goods,

Distinguish among land-, labor-, and capital-intensive goods, citing an example of each without resorting to book examples. How do these distinctions relate to international trade? How do distinctive...

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Q: The accompanying hypothetical production possibilities tables are for New Zealand and Spain

The accompanying hypothetical production possibilities tables are for New Zealand and Spain. Each country can produce apples and plums. Plot the production possibilities data for each of the two count...

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Q: In Country A, the production of 1 bicycle requires using resources

In Country A, the production of 1 bicycle requires using resources that could otherwise be used to produce 11 lamps. In Country B, the production of 1 bicycle requires using resources that could other...

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Q: Distinguish between nominal and real interest rates. Which is more relevant

Distinguish between nominal and real interest rates. Which is more relevant in making investment and R&D decisions? If the nominal interest rate is 12 percent and the inflation rate is 8 percent, what...

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Q: Explain: “U.S. exports earn supplies of foreign

Explain: “U.S. exports earn supplies of foreign currencies that Americans can use to finance imports.” Indicate whether each of the following creates a demand for or a supply of European euros in fore...

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Q: Suppose that the current (first) generation consists of 1 million

Suppose that the current (first) generation consists of 1 million people, half of whom are women. If the total fertility rate is 1.3 and the only way people die is of old age, how big will the fourth...

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