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1. Today the United States has unemployed people who began as cyclically unemployed during the recession but have since become structurally unemployed because their skills have become obsolete. How important is the idea of remaining up-to-date on training and skills in the work force? Is there a certain industry that requires skills to be current?
2. According to the article "What Does GDP Really Tell Us About Economic Growth," located in Topic Materials, Khan discusses the pitfalls of GDP. Describe how these pitfalls have affected the overall economic status of a country. Conduct research to find an example of a country that has been affected by the pitfalls of GDP and describe the circumstances surrounding the country's position.
Why does the government intervene in the economy? Should they and what would the impact be if they did not?
When goods provided by individuals or firms have problems with "free riders." the?
In January 2014 the price of a 2014 Buick was $20,000 and 50,000 units were sold. At October 2014, the price of a 2014 Buick dropped to $18,000 and 60,000 units were sold. Identify what has happened in the market for Buicks in the context of demand.
An economy is in long-run macroeconomic equilibrium with an unemployment rate of 5% when the government passes a law requiring the central bank to use monetary policy to lower the unemployment rate to 3% and keep it there. How could the central bank ..
q1. what are the impacts of demand? what happens to the demand curve when each of these determinants changes?
Identify a good or service that you've purchased in the past week. Identify a substitute for that good or service.
Why is it that a profit-maximizing businessman would always raise prices when facing an inelastic demand curve, but might or might not raise prices when facing an elastic demand curve? Explain and justify your answers in detail
Which of these did the new Dodd-Frank act to do something to address:
A certain college graduate, Sallie Evans, has $24,000 in student - loan debt at the end of her college career. The interest rate on this debt is 0.75% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to..
All the workers in a factory have the same utility function u(x1, x2) = x1x2, earn the income of 12 and face the same prices p1 = 1 and p2 = 1. What is the optimal consumption bundle for the workers? What utility do they obtain?. Graph the indifferen..
The emerging markets elected to accumulate vast sums of foreign assets in the 2000s. What may have caused this decision? Did this create a problem in developed markets?
Describe in 100 words or less the condition of “full employment” and explain why, even under the conditions of full employment, there is still a percentage of the labor force who are not working.
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