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- When more people who are not working start looking for jobs, the labor-force participation rate increases.(is it true or false)
- An increase in search costs will decrease structural unemployment.(is it true or false?)
- The natural rate of unemployment is the unemployment rate during a period of full employment.(is it true or false?)
- Anyone 16 years of age or older who is not classified as employed is classified as unemployed.(is it true or false?)
- If discouraged workers were counted as unemployed, the measured unemployment rate would increase.(is it true or false?) Explain for each statement whether it is true or false.
Are natural disasters causes of inflation or deflation. Explain where might the public see the evidence.
A representative company with long-run total cost given by TC =20+20q+5q2 operates in a competitive industry where short-run market demand and supply curves are given by QD = 1,602 - 40P and QS = - 400 + 20P.
High rate of inflation is considered bad for the economy since it has various costs. What are the costs of inflation?
Why is the demand for a Mercedes more elastic than the demand for all autos? Be sure to list at LEAST two reasons for this and explain them.
Income Inequality. Should the Federal government foster a more equal distribution of income? If so, why? If so, how? If not, why not?
choose either 1350000 or 1750000 to be the more appropriate fixed cost for a product layout and consider the other
What is the value for variable costs when each firm is producing its optimum output?
A university library system needs to be built in order to handle the bookkeeping aspects of a library and provide user-browsing facilities. The system allows borrower to search for a book on a particular topic or by a particular author. The borrow..
Suppose the equilibrium price for apartments is $500 per month and the government imposes rent controls of $250. Which of the following isunlikely to occur as a result of the rent controls?
Analyze the arguments for government intervention as opposed to arguments for market-based solutions. Examine who may be helped and who may be hurt by the selected government intervention.
Under what elasticity conditions would the following be true? "Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage."
In one day Cindy can either build 1 computer or 2 stereos, and in one day Dana can build either 2 computers or 3 stereos. Of course, Cindy or Dana could split their time between the two activities and produce some combination of the two products.
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