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Consider two hypothetical countries. In Country A, 20 percent of the labor force is unemployed for half the year and employed for the other half; the remaining 80 percent of the labor force is never unemployed. In Country B, 100 percent of the labor force is unemployed for 10 percent of the year and employed for the other 90 percent of the year. Note that both countries have an overall unemployment rate of 10 percent.
Discuss which of these countries seems to have the more serious unemployment problem, and explain why.
You will select any country that is considered developed and compare it with a nation that is developing. Illustrate what are social, economic and political differences that set them apart.
The VIU has convinced the public utility commission (PUC) that it is a natural monopoly and thus it has been granted an exclusive franchise to produce electricity. What is the competitive equilibrium in the absence of rate of return regulation? What ..
You purchase a very small 1-bedroom apartment in New York for $1,000,000. You obtain a mortgage with a fixed monthly interest rate, ic = 0.42%/month. You can pay this loan off with a fixed monthly payment of M1, or you can pay a linearly increasing p..
Use the two big questions of economics and the economic way of thinking to answer the following questions about the economic life of a homeless man.
His uncertainty about total sales of the book can be represented by a random variable with a mean of 30,000 and a standard deviation of 8,000. Find the mean and standard deviation of the total payments he will receive.
Why might leasing a new Porsche be good investment for an aspiring Hollywood film producer, even though, he can't easily afford the monthly payments.
Listed below are the weekly sales from the household department at a local discount store: $35,000, $46,000, $28,000, $35,000, $68,000, and $52,000. Find the Arithmetic Mean, Median, and Mode.
q1. explain why wage rates might rise at joes quik print shop. if joe replaces his aging copy machines with state of
The BlackBerry production function is Q = 2.83L1.52K0.82. Epple et al. (2010) estimate that the production function for U.S. housing is q = 1.38L0.144M0.856, where L is land and M is an aggregate of all other mobile, non-land factors, which we call m..
Who benefits from inflation? Who is hurt from inflation? What is hyperinflation? How to control inflation? What is GDP pe person? Provide an example of purchasing power parity
Would a FCC requirement that a licensee adhere to a format (broadcast program material) that is wished to abandon be (a) administratively enforceable and (b) constitutional?
What are some of the main advantages and disadvantages of the extensive financial and commercial networks linking nations today?
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