These increases in inequality have been more pronounced and quicker in economies with unregulated labour markets. It is later and weaker in countries like Germany.
This fact suggests that policy can have a moderating role.
Tasks are the things that need to be done to produce a good or service, e.g fixing mirrors to cars.
Tasks can be done by domestic workers, machines, or foreign workers.
Task machines may be complements for some or substitutes for others.
Jobs are a combinations of tasks, i.e firms combine several tasks (usually related) into a job and then try and hire someone to do this job.
Non-routine tasks such as cleaning, driving etc are comparatively hard to replace by computers.
For tasks such as research, machinery will help productivity. They complement the task.
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Many schemes for price discriminating involve some cost. For example, discount coupons take up the time and resources of both the buyer and the seller. This question considers the implications of costly price discrimination. To keep things simple, let’s assume that our monopolist’s production costs are simply proportional to output so that average total cost and marginal cost are constant and equal to each other.
Now suppose that there is some cost of price discrimination. To model this cost, let’s assume that the monopolist has to pay a fixed cost C to price discriminate. How would a monopolist make the decision whether to pay this fixed cost? (Give your answer in terms of X, Y, Z, and C.)
Refer to the Figure and assume that the values for points a, b, and c are $10 billion,$20 billion, and $18 billion respectively. If the economy moves from point a to point b over a 10-year period, what must have been its annual rate of economic growth? If, instead, the economy was at point c at the end of the 10-year period, by what percentage did it fall short of its production capacity?
Delaney Products, Inc. provided the following information from its current-year trial balance.
Delaney issued $55,000 of common stock on October 1 of the current year. The company also repurchased$13,500 of its shares at the end of the reporting period. The company is subject to a 40% income tax rate. Required " a. Prepare an income statement for the current year using each reporting format (single-step, multiple-step, and condensed, multiple-step with supporting disclosures). b. Prepare a separate statement of comprehensive income for the current year.
Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired 23,500 shares of its common stock at $75 per share. On September 6, Biscayne Bay Water Inc. sold 14,000 of the reacquired shares at$81 per share. The remaining 9,500 shares were sold at $72 per share on November 30.
c. Where will the balance in Paid-In Capital from Sale of Treasury Stock be reported on the balance sheet?