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Compare the unemployment rate (for the most current month available - Seasonally adjusted rates) of Men, 20 years and over and Women, 20 years and over. Interpret why you think there is a difference between two groups.
How do the “rules of the game” help determine who will be poor and who will not? (Hint: How did the Civil Rights Act of 1964, which forbade discrimination on the basis of race, likely affect the incomes of African Americans compared to the incomes of..
Fannie Mae performed the useful function of increasing the liquidity of the secondary market of mortgage loans. Putting different mortgage loans in a pool for selling is always bad for the economy. The asset in an asset backed security is often a fix..
q.johnny works for the great big cookie company gbc which buys labor at a wage of 1 an hour and uses it to produce
The gap between average total cost (ATC) and average variable cost (AVC) becomes larger when output increases. Marginal cost curve cuts the lowest point of the average cost curve.
Carefully explain the concept of the reaction function in duopoly analysis.
This might be interpreted as an upward shift in the consumption function. How does this shift affect investment also the interest rate.
Explain what the automatic adjustment mechanism is. Which curve does it cause to move? How does this happen? Will this process happen quickly, or take a long time?
Consider a contractual setting in which two players have agreed to invest (play I) in a cooperative enterprise. However, since their agreement, but before they have made the investments, some costs and revenues have changed. Circle the Pareto efficie..
In discussing the distribution of income among families, the term “lowest fifth” indicates. Which of the following has not been outsourced from the U.S.? Frictional unemployment is caused primarily by automation. Unemployment caused by an imbalance b..
You run a company, GizmoNet, that produces gizmos. Gizmos hook onto Nintendo Game Boys (hand-held electronic game players), allowing users to access the Internet using wireless communication protocols. Is the training a good investment? Is it general..
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in competitive ..
Markets tend NOT to generate a socially desirable outcome when:
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