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Determine whether each of the following would increase or decrease the opportunity cost for mothers who choose not to accept work outside the home. Explain
a. Higher levels of education
b. Higher unemployment rates for wwomen
c. Higher average pay levels for women.
d. Lower demand for labor in industrie...
Suppose that the economy's total resources are 320hours of labor and 20 acres of land. Use a diagram and some algebrato determine the allocation of resources. (It doesn'tnecessarily have to be to scale.)
Describe the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.
Carrie needs to accumulate $40,000 to make a down payment on a house at the end of four years.
Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $15,000 in currency into the bank and that currency is added to reserves.
Illustrate what effect if any will this have on competition with Canadian and US firms. Elucidate extent is your answer industry dependent.
The Subway fare in your town has just been increased from a current level of .50 cents to a 1.00 per ride. As a result, the transit authority notes a decline in ridership of 30%. a. Compute the price elasticity of demand for subway rides.
In your own words, discuss the economic purpose of OPEC. Illustrate what has happened to oil prices over the past five years.
I have a website where I offer cash rebates for purchasing stuff. For instance, if someone purchases a pair of shoes, I give them a $10 cash rebate.
An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 3 years the stock was sold for $25000. What was the rate of return on the investment?
show the market for pianos in 2008. Between 2008 and 2009, the equilibrium quantity of pianos remained constant, but the equilibrium price of pianos increased. From this, you can conclude that between 2008 and 2009, the supply of pianos
Graph the production function, with capital on the horizontal axis, and use your graph to explain the difference between a doubling of the labor force and a doubling of total factor productivity.
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