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a) Why is the underutilisation rate higher than the underemployment rate??
b) The current unemployment rate is 5.2% and the number of people in the labour force is 212,000. Use this information to find the following.
(i) How many people are unemployed??????
(ii) If the working age population is 320,000 what is the labour force participation rate??????????
(iii) Tara, who lives in Sydney is not a particularly productive worker and she is often unemployed as she gets sacked from her various jobs as she fails to meet her employer's expectations. Yet for the past 8 months, Tara has not only managed to obtain a job on a part-time basis, but recently was upgraded to a full-time worker despite still being a less than efficient employee. What does Tara's situation tell you about Australia's output gap at present, and what does this indicate with respect to the relationship between the actual unemployment rate and the full-employment rate????
Could you please explain why long run supply curve can be downward sloping and implication for behaviours of price as demand increases over long run.
Suppose the U.S. government paid off all its debt. Could the Federal Reserve continue to carry out open market operations?
Jen, Eric, and Kurt are all buyers of chain saws. Jen’s demand function is DJ (p) = 520 − 13p, Eric’s demand function is DE(p) = 40 − p, and Kurt’s demand function is DK(p) = 200 − 5p. Together, these three constitute the entire demand for chain saws..
The decline in cigarette sales was estimated at 8 percent. What does this imply for the elasticity of demand for cigarettes? Explain?
Do regional trade agreements promote free trade or do they just create another kind of trade barrier? Explain your answer. Why does the WTO permit regional trade agreements when they violate the "most favored nation" principle? Explain your answer. D..
determine either the demand for student employees by the restaurant would increase, decrease, or remain unchanged.
The following describes what type of document: a detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the..
Compare Deming's Theory of Profound Knowledge and Crosby's Absolutes of Quality Management. Do these theories conflict or complement each other?
"The Neoclassical/Neoliberal Dogma," and chapter 6, "A Radical Economic Perspective," from Naming the System: Inequality and Work in the Global Economy by Michael D. Yates. Comparing the key arguments made by neoclassical and radical economists. T..
In a market economy only those consumers who are willing and able to pay for pencils get pencils, is this fair? What about the market for health care?
Write a brief overview on the association between education and earnings. Why would economists be interested in this particular issue
After a few years of monopoly, the family that owns the Coca-cola monopoly gets in a fight, and they split the company in two. Now there are two large Coca-cola retailers in your area, and each retailer must decide whether to charge a high or low pri..
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