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In a country with a working-age population of 22 million, 16 million are employed, 2 million are unemployed, and 1 million of the employed are working part-time, half of whom wish to work full-time. If 500,000 of those unemployed are cyclically unemployed, what is the natural unemployment rate?
Details please must be included. What is the law to calculate the natural unemployment rate?
Suppose an individual buyer values a pound of butter at $10. If the market price of butter is $8, what is the consumer surplus for this item?
Senator Snodgrass says, “You economists say the economy is recovering from the recession but corporations are sitting on piles of cash and the unemployment rate is not declining. If the economy is really getting better, why aren’t more people getting..
A city government in Arizona is considering a new waste disposal system. It has two options. Option A needs an outlay of $500,000 and requires O&M costs of $50,000 annually
Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each nation can produce in a given year.
Compare two methods of monopoly regulation. Discuss the pros and cons of two monopoly regulation methods and evaluate their effectiveness: Which regulation method is the most effective? Why? Which regulation method fits and exemplifies the two regula..
q. db - does microsoft have a monopoly over operating systems?former dean of the sloan school of management at
What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant. Elucidate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.
Consider three groups of Social Security participants – single persons, one-earner couples, and two-earner couples. Discuss the distributional consequences on each of these groups of the implementation of the following Social Security system changes...
Consider a competitive industry with a large number of firms, all of which have identical cost functions c(y) = y^2+ 1 for y > 0 and c(0) = 0. Suppose that initially the demand curve for this industry is given by D(p) = 52 − p. What is the supply cur..
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers?
Research where you would find the U.S. international trade policies and their history as they apply to various industries.
Suppose that the total revenue received by a company selling basketballs is $840 when the price is set at $15 per basketball and $840 when the price is set at $10 per basketball. Without using the midpoint formula, can you tell whether demand is elas..
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