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a) Calculate the unemployment rate when labor force is 154 million and number of unemployed is 14.6 million.
b) Due to the slow-down economy, it is expected that there will be 0.7 million additional workers who will lose their jobs next month. What is the expected unemployment rate for next month?
using a demand and supply model to explain the impact of occupational segregation or "crowding" on the relative wage rates and earnings of men and women.
Illustrate What would happen if prices were lowered when demand was inelastic
Illustrate what is the Laspeyres price index. Calculate ideal and Laspeyres indices.
Joan is deciding where to spend her spring break. If she goes to Cancun, Mexico, the trip will give her 9,000 utils of satisfaction and will cost her $300. If, instead, she travels to Florida, the trip will give her 5,000 utils of pleasure and w..
Elucidate this point of language so that it is understandable to someone untrained in economics.
What might be included in the "total cost" of acquiring and watching movie on DVD? What about the "total cost" of seeing a movie at the multiplex?
Indicate whether every of the following statements is true or false, and explain why. If a statement is false or true, please give a full explanation as to why that statement is correct or not.
Explain why the following statement is false: If a firm's output is increasing and marginal cost (change in total cost divided by change in quantity) is rising, then average total cost (TC/Q) must be rising also.
Explain is low stable inflation also deflation better for the economy.
Explain why fiscal policy will be either more or less effective in an economy with a large foreign sector.
Your company is considering expanding overseas. It is particulary interested in developing markets, and narrowed its choice down to two countries, A and B.
Illustrate what do you think would be the effect of increases/decreases in the dollar's exchange value on the firm's profitability.
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