Questions from Microeconomics


Q: How do advances in medical technology and health insurance interact to drive

How do advances in medical technology and health insurance interact to drive up the cost of medical care?

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Q: Why are so many state and local governments greatly concerned about the

Why are so many state and local governments greatly concerned about the federal government’s allegedly lax enforcement of the immigration laws and Congressional proposals to grant legal status (amnest...

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Q: In 2013, manufacturing workers in the United States earned average compensation

In 2013, manufacturing workers in the United States earned average compensation of $36.34 per hour. That same year, manufacturing workers in Mexico earned average compensation of $6.82 per hour. How c...

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Q: True or False: If a country is open to international trade

True or False: If a country is open to international trade, the domestic price for a homogeneous good can differ from the international price for the same good.

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Q: Would it be accurate to think of a fixed exchange rate as

Would it be accurate to think of a fixed exchange rate as a simultaneous price ceiling and price floor?

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Q: In July 2007 The Wall Street Journal (WSJ) reported that

In July 2007 The Wall Street Journal (WSJ) reported that a growing shortage of skilled labor in Eastern European countries such as Slovakia was driving up wages in key industries and reducing business...

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Q: If the economy booms in the United States while going into recession

If the economy booms in the United States while going into recession in other countries, the U.S. trade deficit will tend to ______. a. Increase. b. Decrease. c. Remain the same.

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Q: Why do you think there is so much government corruption in some

Why do you think there is so much government corruption in some developing countries?

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Q: Refer to the payoff matrix in question 8 at the end of

Refer to the payoff matrix in question 8 at the end of this chapter. First, assume this is a one-time game. Explain how the $60/$57 outcome might be achieved through a credible threat. Next, assume th...

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Q: Look back at Figure 14.8. Suppose that the two

Look back at Figure 14.8. Suppose that the two firms switch places—the firm that was the follower now gets to go first while the firm that was the leader now has to go second. The new subgame perfect...

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