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A news article stated, "The unemployment and labour force participation rate increased by 0.1 and 0.4 percent respectively". Is this positive news for the economy? Explain.
Define "under employment" and explain two ways a government can try to reduce
A politician stated, "If my party wins the election we will ensure that we achieve an unemployment rate of zero percent. Is this realistic. Explain.
Does the unemployment rate underestimates the true level of unemployment? Explain.
Could you please help me understand the question and solution to this question?
Show graphically what the supply and demand of cocaine looks like, and how the curves would shift if legalized. Discuss the importance of the change.
A consumer splits their income equally between two goods. If the price of one good increases by 10% and their income increases by 5%, show that the consumer's optimal consumption bundle will change despite them being able to afford their original ..
You have been tasked with placing an advertisement for a vacant position. What are the two most important legal aspects that you must address when doing this? (20-50 words)
The probability of making exactly four sales. b. The probability of making no sales. c. The probability of making exactly two sales. d. The mean number of sales
Mary leaves her job as network administrator to start her own consulting business. In her old job, she was paid $80,000 per year. In her first year, her consulting business had revenue of $100,000 with just $30,000 in expenses. What is the firm’s tot..
A chi-square test of homogeneity (independence) of counts in a contingency table tests whether counts are consistent(proportional) with the row and column.
Draw a supply and demand model for one of the Hepatitis C drugs. Show what would happen if supply of the drug increased or decreased.
Using the concepts of absolute and comparative advantage answer the questions: 1) Why does the U.S. trade goods with other countries that they can produce themselves?
Suppose that a firm's production function is given by q = 20E0.50 .The marginal product of labor is 10/E0.50.
Explain how increasing returns to scale in production can be a basis for trade. If the foreign export supply is perfectly elastic, what is the optimal tariff that Home should apply to increase welfare? Explain. If the foreign export supply is less th..
Using examples from your personal experience or work experience, how would you explain the difference between quantity demanded and demand (or quantity supplied and supply) to someone who has not studied Economics? Based on your example, why is the d..
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