Poverty and Economic Inequality

  Poverty and Economic Inequality This OpenStax book is available for free at http://cnx.org/content/col12170/1.7     Country Share of Population below $1.25/Day Share of Population below $2.00/ Day Brazil (in 2009) 6.1% 10.8% China (in 2009) 11.8% 27.2% Egypt (in 2008) 1.7% 15.4% India (in 2010) 32.7% 68.8% Mexico (in 2010) 0.7% 4.5% Nigeria (in… Continue reading Poverty and Economic Inequality

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Production Choices to a Manufacturer

Three Production Choices to Manufacture a Home Exercise Cycle In some cases, unions have discouraged the use of labor-saving physical capital equipment—out of the reasonable fear that new machinery will reduce the number of union jobs. For example, in 2002, the union representing longshoremen who unload ships and the firms that operate shipping companies and… Continue reading Production Choices to a Manufacturer

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How services are protected from foreign competition

Write and submit a one-page reflection paper, single spaced, addressing the following questions: Many foreign firms have successfully captured large market shares in the industries of steel, cars, cameras and TVs. These are all products as opposed to services. How are services more protected from foreign competition? List a service where foreign competition IS succeeding.… Continue reading How services are protected from foreign competition

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Competitive Markets and Discrimination

Competitive Markets and Discrimination Gary Becker (b. 1930), who won the Nobel Prize in economics in 1992, was one of the first to analyze discrimination in economic terms. Becker pointed out that while competitive markets can allow some employers to practice discrimination, it can also provide profit-seeking firms with incentives not to discriminate. Given these… Continue reading Competitive Markets and Discrimination

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Economic Effects of Immigration

Economic Effects of Immigration A surge of immigration can affect the economy in a number of different ways. In this section, we will consider how immigrants might benefit the rest of the economy, how they might affect wage levels, and how they might affect government spending at the federal and local level. To understand the… Continue reading Economic Effects of Immigration

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America’s Racial and Ethnic Diversity

Projected Changes in America’s Racial and Ethnic Diversity This figure shows projected changes in the ethnic makeup of the U.S. population by 2060. Note that “NHPI” stands for Native Hawaiian and Other Pacific Islander. “AIAN” stands for American Indian and Alaska Native. Source: US Department of Commerce Regarding the future, optimists argue that the growing… Continue reading America’s Racial and Ethnic Diversity

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Finance specialists and bankers

Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. In 1944, finance specialists and bankers from around the world met… Continue reading Finance specialists and bankers

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