1. What is the mailbox rule? 2. Should the mailbox rule for acceptance be effective for electronic communication like an email or text?
1. What if we wrote an increment procedure in C as follows (removing the parentheses around *x):
Is this legal? If so, what does this procedure do? If not, why not?
2. Can a swap procedure that interchanges the values of its parameters be written in Java? Discuss.
Q
1. What is the difference between devaluation and depreciation of the exchange rate?
2. How could a fall in the exchange rate help an economy?
3. What does the ‘J’-curve show?
4. How can deflation help the balance of payments deficit?
1. What happens to the probability that a particular person works when the wage rises? Does such a wage increase generate an income effect?
2. Why do welfare programs create work disincentives?
3. Why does the earned income tax credit increase the labor force participation rate of targeted groups? 4. Why have average hours worked per week declined?
5. Why did the labor force participation rate of women increase so much in the past century?
1. What is the difference between each of the following pairs? (Tabulate the differences)
a) Compilers and assemblers
b) Source code and target code
c) Mnemonics and hexadecimal representation
d) Pseudo instructions and instructions
e) Labels and addresses
f) Symbol table and opcode table
Program counter (PC) and instruction location counter (ILC)
1. What happens to the reservation wage if nonlabor income increases, and why?
2. What economic factors determine whether a person participates in the labor force?
3. How does a typical worker decide how many hours to allocate to the labor market?
4. What happens to hours of work when nonlabor income decreases?
5. What happens to hours of work when the wage rate falls? Decompose the change in hours of work into income and substitution effects.
1) What is the budgeted total cost for overtime hours worked by senior consultants? 2) How many full-time consultants should be budgeted? revenues from preparing tax returns remain unchanged.
1. What effect will higher wages have on the supply curve?
2. What is the difference between a ‘real’ price and a ‘normal’ price?
3. When does excess supply occur?
1.What is the company’s total gross margin under absorption costing? 2.What is the company’s net operating income (loss) under absorption costing? 3.What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)? Variable costing net operating income Absorbtion costing net operating income 4. What is the company’s break-even point in unit sales? Is it above or below the actual sales volume?
Attachments:
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1. What is labor economics? Which types of questions do labor economists analyze?
2. Who are the key actors in the labor market? What motives do economists typically assign to workers and firms?
3. Why do we need a theory to understand real-world labor market problems?
4. What is the difference between positive and normative economics? Why are positive questions easier to answer than normative questions?
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