• A Case Study of Foreign Direct Investment
    negative effects have indeed been felt, especially in terms of an increase in wages for skilled labor. Most firms, however, saw the effect as temporary and foresaw an increase in the supply of skilled labor through the creation of new programs in higher education institutions and the higher enrollment...
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  • Is Inflation Expected to Occur in 2012 Costa Rica?
    of the wages’ cost then the income will decrease (Y-Y1) as a result, the consumers will be affected on the price creating a spiral effect. Then we can say that as higher the cost of production gets (AS –AS1) the less power of consumption the consumers will have. Demand-pull inflation The bank of...
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  • putting learning first
    study examines the impact that 10 years of Fair Trade in coffee have had on the stakeholders of nine Costa Rican co-operatives. By exploring the various avenues of impact, the study traces the effects of financial and non-financial Fair Trade support on the individual co-operatives and the...
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  • Emerging Markets
    World Bank’s conditions for providing Costa Rica with bailout (rescue) money? 3. What effects did these IMF and WB conditions have on the country? 4. What effects did the IMF and WB conditions have on the BOT (Balance of Trade)? 5. Explain some of the solutions described in the...
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  • Asfas
    homes working for discretionary spending money. Of the approximately 3 million workers who earn the minimum wage, more than one-third are teenagers. To mitigate the effects on teenage unemployment, some economists and policymakers have long advocated exempting young workers from the regular minimum...
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  • Book
    withoutcompeting on the basis of grioe. * Products that require nearby specialized technical labor to evolve into their next generation. This seems to explain the long-term U.S. dominance of medical equipment production and German dominance in rotary printing presses. Regardless of product, MNEs...
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  • All Economics
    ] _____________________________________________________________________________ Are such developments in the saving market related to long-run growth? Explain [1 line] _____________________________________________________________________________ b. Why would you care as a short-term investor whose current...
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  • Occupational Choice-Personality Matters
    definitions of the five factor model (McCrae & Costa 2003). Mueller and Plug (2004) in their study on wage determination, using the five factors provided by the Wisconsin longitudinal study, find that both agreeableness and neuroticism have a negative effect on wages and that openness has a...
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  • Minimum Wage: Moving Malaysia Backwards
    dropped significantly. This decision is more evident in those that live in poor areas (Rice, 2010). So a minimum wage encourages short term productivity. Higher education and higher skilled work that benefits the economy more suffers from its implementation. Unemployment Minimum wages causes...
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  • Microeconomics
    land it already owns as this will lower costs. Critically analyse this reasoning. 6. List some ways in which consumers and firms might respond to a large increase in the price of oil. What effect would this have on the longer-term price of oil? 7. Answer all parts. a) Why do economists...
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  • How to Do Teamwork
    . ANSWER: c. more risky than short-term bonds and so pay higher interest. 17. Compared to long-term bonds, other things the same, short-term bonds generally have a. more risk and so pay higher interest. b. less risk and so pay lower interest. c. less risk and so pay higher...
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  • Applications of Demand and Supply Microeconomics
    level throughout most of the 1990s because the cartel formed by OPEC now understood that raising prices is easier in the short run than in the long run. 8) Use demand and supply curves to illustrate the effect of a price ceiling.  Explain why economists tend to oppose such ceilings. Oil...
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  • Harry
    analysis? 2. What questions does an economic impact assessment answer? 3. What economic impacts does tourism have? 4. What are multiplier effects? 5. How are tourism’s economic impacts measured? 6. What are the typical approaches for an economic impact assessment? 7. What are some examples of...
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  • Chapter Answer
    , this additional working capital must be financed, so EVA is lowered too. I. If the company reduces its inventory without adversely affecting sales, what effect should this have on the company’s cash position (1) in the short run and (2) in the long run? Explain in terms of the cash budget and...
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  • Volvo Case Study
    than to the long-term interests of the group, organization, or society to which they belong. • Independent Variable – An Independent Variable is a factor that can be varied or manipulated in an experiment (e.g. time, temperature, concentration, etc). It is usually what will affect the...
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  • study Guide Econ 101 #3
    employees and labor unions may resist wage cuts. New Keynesians believe that long-term contracts and efficiency reasons for firms paying higher-than-market wages might explain wage rate inflexibility. 19. How was Keynes’s position different from the classical position with respect to saving...
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  • Econ 102 midterm 2
    13. Which of the following statements may be said to be true of minimum wages? A. They are a predominant reason for unemployment. B. They have nothing to offer in terms of analysis of structural unemployment. C. If minimum wage is kept above the equilibrium level, there will be unemployment...
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  • Intermediate Macro
    counter market inefficiencies? GRAPHIC/NUMERIC QUESTIONS 1. Under total crowding out, what must hold? 2. Explain using graphical terms (think slopes) why the real wage must be higher with the increase in z if labor is a normal good. 3. What can be said about the income and substitution effects...
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  • Research Notes
    than wages, it stands to reason that firms would benefit from the effects of inflation. In the short term this is true. A firm would be able to charge higher prices for its goods or services but still pay its workers the same amount, creating a higher profit. However, in the long term wages would...
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  • Risk Manager
    only impose a constraint on pass-through for a small portion of workers, although it could have a larger effect on some highly impacted industries (such as restaurants) that have higher proportions of workers at minimum wage and with low baseline insurance coverage. Finally, to the extent that there...
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