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The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job and are not looking for work. In addition, 100 people in the community are under the age of 16. The unemployment rate is?
Suppose nominal GDP in 2005 was $12 trillion, and in 2006 it was $15 trillion. The general price index in 2005 was 100, and in 2006 it was 102. Between 2005 and 2006, real GDP rose by what percent?
explain the viewpoints of classical and keynesian economists. how did the economy that existed at the time of these
If the Fed wants to decrease the value of the dollar on foreign-exchange markets, what should it do? What should it do if it wants to increase the foreign-exchange value of the dollar?
Under what circumstances, and why, would the government be opposed to a merger of two firms How does the Justice Department decide which mergers to challenge
suppose that the business is visible and important member of the community. would government encourage decision to
1. a competitive industry currently consists of n 10 identical firms. an individual firms total cost function is given
What is the Exy and what does that number mean and what is the relationship between these two goods - What would happen to total revenue with the price reduction
A company used a combination of inputs that was to left of its isocost line, it would indicate that
Diminishing marginal utility explains a lot about consumer behavior in the economy. Select a specific consumer behavior and construct a "mini case study" that highlights the workings of marginal utility and how it affects the consumption pattern.
Choose a product and state whether it has price elasticity or price inelasticity. The beginning value for year 2008 is $43,050, year 2007 starting price was $41,450, and year 2006 beginning price was $42,700.
your son is graduating from high school and is about to enter the work force. he has developed a strong curiosity about
prepare a paper that describes the basic features and consequences of the industrial revolution. explain the ways that
Perform a White test for heteroskedasticity using auxiliary regression
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