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Do some research on the unemployment rate. What part of the population is included in the unemployment figure? What part is not included in this figure? What does full employment mean? What is the current unemployment rate in the United States? What is the current unemployment rate in Georgia? What year was the highest unemployment rate and what year was the lowest unemployment rate? What impact would a minimum wage of $15 per hour have on full employment? What impact would a universal, automatic living expense check have on employment? Ultimately, who pays for these programs?
A material handling system was purchased 3 years ago for $120,537. Two years ago it required substantial upgrading at a cost of $14,340. It once again is requiring an upgrading cost of $24,925. Alternately, a new system can be purchased today at a co..
What type of law determines a natural monopoly? Does the Sherman Anti-trust act protect us against the formation of monopolies? Won't price controls like price ceilings actually hurt us more?
An example of "Evergreening" is. Direct to Consumer Advertising is allowed in
Directions: Determine whether micro or macro-economic issue. Write MIC if micro issue and MAC if macro issue.
Currently, the expectation is that the Federal Reserve will try to increase interest rates sometime later this year, while the European Central Bank will try to maintain low interest rates. What is the corresponding expectation of the future trajecto..
In a competitive market, if prices are held below market equilibrium by government controls, what will be the effect on output?
Two firms compete in a homogeneous product market where the inverse demand function is P = 10 -2Q (quantity is measured in millions). Firm 1 has been in business for one year, while Firm 2 just recently entered the market. Each firm has a legal oblig..
1. Which of the following does the Minimum Income Question ask? Do you earn enough income to make ends meet? How much income do you need to make ends meet?
Suppose the demand for seats at the NFL combine is given by Q=4000-10P. The marginal cost of an additional fan attending the combine is zero. Calculate the optimal number of tickets the NFL should sell to the event. Then indicate whether the NFL coul..
Which of the following is a major difference between the AD-AS model and the dynamic AD-AS model? The dynamic .AD-AS model assumes the economy does not experience long-run growth, while the AD-AS model assumes there is constant inflation in the ec..
Write an computer program for a logic bomb that continually generates 8-digit numbers randomly and increases a counter by one each time.
Suppose an economy consists of 300,000 individuals 16 years and older, 160,000 are employed, and 18,000 are unemployed but actively seeking work. In this example the labor force is:
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