1) Kenya's minimum wage is Kshs 850 per hour. Imagine you are a policymaker and you must vote whether it be raised, lowered, or abolished. What will you decide? Why? Show how your decision will look when graphed.
Q: Why must the Philippine government should prioritized and focus on the end of poverty and hunger?
A: When talking about the Philippine economy, it can be said that it is significantly affected by the…
Q: need to make 2 economic graphs, one being a pro for minimum wage increase from 7.25/hour to 15…
A: The markets are the place where the buyers, and sellers of various goods and services interact, and…
Q: Who does federal minimum wage help and who does it harm? Does raising the current level of the…
A: Answer to the question is as follows:
Q: poverty among
A: Minimum wages is the minimum amount of remuneration which an employer is in turn being required for…
Q: The MM City Government will introduce a new welfare program scheme that provides direct cash…
A: Given that Adi earns $10 per hour if Adi will work for whole month he will earn $10 X 30= $300 if…
Q: Q1. Would you support the minimum wage law? Would this help or hurt the workers? Defend your answer.
A: The minimum wage law is the minimum wage rate mandated by the government, i.e. it is minimum wage…
Q: TRUE/FALSE. In Steinem's "Equal Rights for Women-Yes & No," she blames all men for sexism and…
A: Gloria Marie Steinem is a writer and journalist and nationally recognized spokeswoman. She was an…
Q: Please discuss one reason or more why minimum wage is a good idea and at least one reason or more…
A: The minimal salary that firms can lawfully reimburse their employees is minimum wage. Features of…
Q: Why must the government focus on the end of poverty and hunger?
A: Poverty causes hunger. Millions live with hunger and malnourishment since they basically can't bear…
Q: Which of the following is not a way that the government has influenced labor in the United States?…
A: Government influences the labor market by creating various laws with the aim of increasing the…
Q: ASAP How has U.S. foreign policy promoted racism at home and abroad? Why has the Constitution been…
A: *Answer:
Q: b) Discuss the key features of the pre-industrial world that made the economy "“Malthusian," in…
A: Malthus wrote about the poverty and underdevelopment of underdeveloped countries in his Principles…
Q: FUTA is a federal tax that is paid by employers for each employee to provide _____ compensation to…
A: FUTA refers to the Federal Unemployment Tax Act. It is used to fund the benefits that are provided…
Q: . When can inequality be a good thing?
A: Inequality is the distribution of resources and opportunities among members of a society that is…
Q: What was operation ser? What was it's purpose? Give me 2 examples and explain your examples. What…
A: Opretion SER SER (Service, Employment, and Redevelopment) is a private, nonprofit organisation that…
Q: 1. “Constant dollars" show dollar amounts adjusted for inflation. Which jagged line in the left-hand…
A: Suppose minimum wage in 2020 is $10. Which is kept unchanged for next 10 years. Thus minimum wage in…
Q: I need help with 1. Give an example of and discuss a corporate crime 2.Capitol punishment pro or con…
A: 1. Give an example of and discuss corporate crime. Corporate crime:- Corporate crime is a term used…
Q: Why is the black market a problem?
A: The black market is also known as underground economy. It refers to the market whose transactions…
Q: Do minimum wages increase the unemployment rate of less-skilled workers?
A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…
Q: 8. Economists have argued that an Earned Income Tax Crodit is preferable to an increase in the…
A: Income tax credits refer to the tax refunds made to the workers over the income tax deducted on the…
Q: When state legislatures consider changes to unemployment benefits or tax rates or both,…
A: Lobbyists It refers to an individual or private group who works to influence the decision of the…
Q: Propose how you think unemployment can be reduced in South Africa?
A: Unemployment is the term used to define the scenario, where a person activity looking for job is not…
Q: ns to market equilibrium if the government amount of discharge permitted to Q**? s on the graph.
A: In this case the government reduces the discharge permit to Q**.
Q: . The payroll tax for unemployment insurance in a certain nation taxes all wages up to a maximum per…
A: Answer: Given, Tax rate = 5% Wages taxable per worker =upto $30,000 Introduction: Average tax rate…
Q: In what ways can people exercise their right to work and fair pay?
A: Work is very important as people want to work, have jobs, and increase their livelihood and income.…
Q: 6 Assignment on the basics of political economy 6. Could one person both dominate and exclude…
A: 6. When it comes to private commodities, one individual can both dominate and exclude another.
Q: Under the FLSA, states are preempted from requiring a higher minimum wage than the federal amount.…
A: For employees in the private sector, as well as federal, state, and local governments, the Fair…
Q: Would you support the minimum wage law? Would this help or hurt the workers? Defend your answer.
A: The minimum wage law is the minimum wage rate that should be given to the worker. It is a kind of…
Q: The payroll tax for unemployment insurance in a certain nation taxes all wages up to a maximum per…
A: Marginal tax rate is equal to the tax rate imposed on the last dollar of income. Average tax rate…
Q: Most government policy decisions have winners and losers. What are the effects of raising the…
A: When the government increases the minimum wage, then it leads to increases the wag of workers and…
Q: Some economists argue that minimum wage policy does not always lead to the unemployment consequences…
A: A minimum wage law refers to a law that decides the minimum wage rate that an employer should pay to…
Q: Will the price ceiling decrease the financial burden and poverty rate?
A: The price ceiling is one of the forms of price control to influence the overall economic exchange…
Q: It is just or unjust for the state to tax the rich to help the poor?
A: In an economy, government tries to maintain equality among people due to which it helps poor people…
Q: d. Government imposes costly new regulations to make oil drilling a safer job.
A: Labor demand and supply: The demand for labour exhibits an inverse relationship between wage rate…
Q: In 2015, many unskilled workers in the United States earned the federal minimum wage of $7.25 per…
A: minimum wage is $7.25 per hour average wage is $23 per hour maximum wage is $100 per hour (b) if…
Q: The table gives the demand and supply schedules of teenage labor. Wage rate ($ per hour)…
A: When market supply and demand are in equilibrium, prices become constant. This is known as…
Q: If an employee voluntarily quits his job, may the employee collect unemployment compensation?…
A: Unemployment is the situation where the workers who are willing to and able to work but unable to…
Q: Support a higher minimum wage. Analyze the challenges that this will be for households, firms, and…
A: The minimum wage is the minimum remuneration offered to the employees against the work done.
Q: Consider two groups of workers of equal skill level and experience: those who collect garbage and…
A: The 2 group of workers are different in terms of category.Those who collect garbage are unskilled…
Q: 1. Proponents of the minimum wage argue that it will not reduce employment. Opponents argue the…
A: The minimum wage rate is the government determined minimum wage which the employer must provide to…
Q: The minimum number of employees required to trigger application of most workplace protections, such…
A: There are many laws and act have been made for the protection of employees. ADA , civil rights Act…
Q: Find the attached file.
A: Since you have asked a question with multiple subparts. We will ans. Only first three parts of the…
Q: Marvin Anderson was arrested because the police officers felt he lived in the area with a white…
A: Yes I agree because
Q: what is South Africa’s government doing to help with hunger?
A: "A situation in which households lack access to enough food due to a lack of money or other…
Q: Why do governments set the living standards of the people by setting the minimum wage?
A: A minimum wage is the lowest income that businesses are legally allowed to pay their employees, as…
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- Can you please make sure that it is clear in which each line is shifting No handwritting solutionAdapt the two-sided search model to include government activity as follows. Suppose that the government can operate firms, subject to the same constraints as private firms. In particular, the government must incur a cost k to post a vacancy. Supposing that the government operates G firms, then the number of matches in the economy as a whole is M = em (Q, A + G) , where A is the number of private firms that choose to post vacancies. Assume that the government pays the same wages as do private sector firms. Determine the effects of G on the unemployment rate, the vacancy rate, the labor force, the number of private firms, the total number of firms (private and government-run), aggregate output, and labor market tightness. Explain your results. (Here, G is an exogenous variable, and A is still an endogenous variable.). Ricardian Model. Consider two countries: A and B. Labour is the only factor of production for goods X and Y. Consider the following matrix of unit labour requirements. X Y Labor Endowments Country A aLx = 8 aLy = 4 240 Country B aLx* = 6 aLy* = 2 120 Which country has an absolute advantage in producing good X? Good Y? Which country has comparative advantage in producing good X? What is the autarky relative price of good X for country A? For country B? Draw the world relative supply curve RS for good X. Label all the axes (relative price of good X on the vertical axis and world output of x relative to y on the horizontal axis) and the relevant points. Suppose that the world relative demand RD for good X is given by: (Px/Py) = 7 – 9 * ( ( Qx +Q*x) / (Qy + Q*y) ). With free trade: (i) What will be the equilibrium world relative price of good X be equal to? (ii) Calculate the equilibrium wage rate w in A relative to that…
- A lobbyist in our nation’s capitol must buy 250 votes in the House of Representatives and Senate to win passage of a bill to add Millard Fillmore’s face to Mount Rushmore. Votes in Congress can be purchased according to the following process: V = CM/100,000, where C is the number of dollars contributed to campaign funds and M is the number of three-martini lunches. If three-martini lunches cost $25 each, what is the smallest expenditure the lobbyist could make to ensure Mr. Fillmore’s proper place in history? Option A) 1,000,000 Option B) 25,000,025 Option C) 130,000 Option D) 50,000 Option E) 25,000,0008 1. Indicate the difference between Smith’s contextual and Ricardo’s non contextual policy analysis. 2. According to Ricardo, rent is a price determined not a price determining factor, explain what that mean and why? 3. Explain and evaluate Malthus’s population theoryA researcher gave sports-card traders a sports card in exchange for their participation in thestudy. There were two possible cards, A and B. Each participant randomly received one ofthe two cards, and was then asked whether she would like to exchange it for the other card.a) By neoclassical (traditional economics) logic, approximately what percentage ofparticipants should exchange? Why? (Hint, the reason does not depend on whetherthe two cards are of equal value.)b) Among inexperienced traders, 6.8% make the exchange. Explain this phenomenon using prospect theory.c) Among experienced traders, 46.7% make the exchange. Why might experiencedtraders behave differently from inexperienced ones?
- Uncerainity How do unanticipated changes affect the economy's output? How do anticipated changes affect market players' economic decisions? How do unanticipated chnages affect market players economic decisions?Suppose that we can describe the world using two states and that two assets are available, asset K an asset L. We assume the asset’s future prices have the following distribution State Future Price Asset K Future Price Asset L 1 $55 $60 2 $45 $30 The current price of asset K is $50, and the current price of asset L is $50. You plan to buy a home for $100,000 in the future. To guarantee that you will have the money, what would you buy/sell today to accomplish this, and what would it cost today?Subject: Manegerial economics & policy Hypothesis 1: The price of pizza (X1) is an inverse determinant of the quantity of pizza demanded Hypothesis 2: Assuming tuition to be a proxy for income, pizza could be either a “normal” or an “inferior.” Therefore, we hypothesize that tuition (X2) is a determinant of the demand for pizza, but we cannot say beforehand whether it is an inverse or a direct determinant Hypothesis 3: The price of a soft drink (X3) is an inverse determinant of the demand for pizza Hypothesis 4: Location in an urban setting (X4) is expected to be an inverse determinant of the demand for pizza. Hypothesis 5: Pizza demand is expected to be lower at residential colleges (X5) than nonresidential colleges Q slice = 29 – 0.09 Px1 + 0.06 PX2 – 0.08 P X3 – 0.7 X4 – 3.4 X5 Answers following: 1) In our pizza example, what do the results indicate with respect to the price of pizza and the price of its complementary product, the soft drink? 2) Are these the key factors…
- Derive the Slutsky equation step by step. What is the significance of this equation? What is the difference between the Hicksian and the Marshallian demand functions? Do not use chatgptExplain the Friedmanian model of NAIRUCould you please write your own words, not copy-paste or plagiarism issues Question: Discuss what is meant by the term “nudge” and the relationship between “nudges” and the field of behavioural economics.