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In June 2020, the California unemployment rate reached 14.9% and in August it dropped to 11.4% which drove many economists to express skepticism and said the drop was misleading. Explain the possibility of the method used to calculate unemployment leading to a decrease in the unemployment rate in the last few months. Provide an example of the people who aren't included in the labor force potentially causing the rate to decrease.
It was not quite what the planners had in mind when Sweden and Denmark opened their expensive bridge across the Oresund strait in July.
Draw a diagram that describes the circular flow model of the economy. Now modify it to include the role of the environment in sustaining economic production.
Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies? At what production level are scale economies exhausted?
Producing less than equilibrium leaves unrealized producer and consumer surplus, and producing more than equilibrium reduces the consumer surplus. Producing more or less than equilibrium results in negative profits, which is inefficient.
A mandatory health insurance plan costs $4,000. One worker earns $24,500 in employment income and $500 in investment income. Another worker earns $48,000 in employment income and $2,000 in investment income. Which of the payment systems in Exercise 1..
(a) Using Angela and Bruno's feasible frontier and Angela's reservation indifference curve, illustrate the Pareto efficiency curve (contract curve) under bargai
Nature's Green, Inc., a manufacturer of alfalfa tablets sold in health-food stores, currently operates just outside of Meno, California. Nature's Green is considering two alternative proposals for expansion, because it has run out of acreage to grow ..
You purchased a coupon-bearing bond at $800 and resold it at $900 after exactly one year. If the coupon is $60 paid annually
For each change, describe employment law that applies and select the force that is driving to change. Explain is it internal or external force?
What are the limitations of the GDP in measuring total output and national welfare?
What are the advantages of auctions as revenue generators for not-for-profit organizations?
What were the principal characteristics of "oligarchic democracy" in LatinAmerica? How did it differ from "co-optative" democracy?
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