5. Given the input-output matrix: Education Education 40 Government 120 Final Demand 40 Government 120 90 90 Find the output matrix if the final demand changes to a) 200 for education, and 3000 for government b) 64 for education, and 64 for government

How do more recent empirical studies compare with earlier studies in terms of methodology? a. Earlier studies examined the impact of raising the federal minimum wage whereas more recent studies focus on the impact of increases in the minimum wage by individual states b. Earlier studies examined the impact of individual states raising their minimum wage whereas more recent studies focus on the impact of increases in the federal minimum wage c. Earlier studies examined the impact of increases in the minimum wage on employment, but more recent studies focus on the effect of increases in the minimum wage on hours worked d. Earlier studies focused on the impact of increases in the minimum wage on teenagers whereas more recent studies focus on the impact of increases in the minimum wage on all workers     The earliest studies of the employment effects of minimum wages used only national variation in the U.S. minimum wage. They found elasticities between −0.1 and −0.3 for teens ages…

wie S' (13 of 24) Use the graph below to answer the next few questions; it depicts the market for apples. 50 45 40 35 25 20 15 10 20 40 60 70 80 110 How do taxes alter the incentives in markets? O they increase the incentive to produce and decrease the incentive to consume O they increase the incentive to produce and increase the incentive to consume O they decrease the incentive to produce and decrease the incentive to consume O they decrease the incentive to produce and increase the incentive to consume

d. Explain how a 10% wage tax would a§ect the way in which the Örm chooses to produce any given amount of output

Using a supply and demand analysis show first the labour market in equilibrium, and thenshowa) the effect of a reduction in the demand for labour as a consequence of a pandemic.b) The effect of a government subsidy to producers to restore the employment of labour.Provide a diagram with clear axis details. Make sure to explain what sort of assumptions youare making on the elasticities of demand and supply.

What is education policy ? What is inteeventionsit supply side policy? What is investment in public service policy?

. Given that an economy of a certain country consists of three sectors; Mining (M), Textile (T) and Chemicals (C). The input – output matrix for the economy is given by: Mining Chemicals Textile Mining 0.4 0.1 0.1 Chemicals 0.1 0.4 0.3 Textile 0.2 0.2 0.2 Suppose the sector is required to meet an external demand of KES 672 million, KES 224 million and KES 448 million from the mining, chemical and textile sector respectively, determine the final output.

Construct a diagram to describe an equilibrium in a labour market. Clearly label the axises and the key points in your diagram and suppose that the government imposes a minimum wage which is higher than the equilibrium wage occurred in the diagram of the equilibrium labour market then how would the market be affected? draw a diagram to describe the effects of this policy suggest a possible strategy that the government could use to try to solve the problem and sketch a diagram of how your suggestion would solve this problem and then point out the differences between the ultimate outcome of this labour market shown in possible strategy the government would use and the initial equilibrium shown in the diagram of the equlibrium of labour market

1 According to Chapter 9 (Unemployment, Inflation & Business Cycles), a "negative GDP gap" describes an economy that is underperforming versus the full-employment potential. True or Fase True False If two million new babies were born in the U.S. and if two million more immigrants came to the U.S., then the Real GDP Per Copita will go down if we assume no change in the actual GDP number. True or False True False

duction (GDP) b) Monitoring Jobs and Inflation / Quiz 2 You are provided with the demand and supply curves for bottles of apple juice. t of $14 $12 $10 Ajddns $8 $6 $2 Demand s00 Bottles of ice 200 B00 500 700 Question Suppose that the government imposes a price floor of $10 per bottle of apple juice. Calculate the amount of deadweight loss associated with this price floor O d) ENG 9:08 AM IN 11/28/2020 B W Price