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The unemployment rate of western states is 5.2%, for eastern states it is 5.8%, for southern states it is 5.5%, and for Midwestern states it is 5.9%. The western states comprise 12% of the labor force, the eastern states comprise 21% of the labor force, the southern states comprise 30% of the labor force, and the midwestern states comprise the remainder of the labor force. Find the unemployment rate for the nation. (please round your answer to 2 decimal places)
The US government has been involved in the Persian Gulf regions, in Iraq and in Afghanistan, in order not to let the terrorist groups take over and control the oil supplies and the shipments of oil to the rest of the world.
A study of the relationship between age and various visual functions (such as acuity and depth perception) reported the following observations on area of scleral lamina (mm2) from human optic nerve heads ( Morphometry of Nerve Fiber Bundle Pores in t..
Explain why it is in the best interest of society to treat these types of property the same or differently.
Medicare administration costs are approximately $500 per year per person covered by Medicare. This is about 4.5% of the total annual health care expenses covered by Medicare. U.S. private health insurance administration costs are approximately $490 p..
Do some outside research on recent actions on the part of the Federal Reserve. The Fed is essentially responsible for monetary policy. Describe the functions of the Fed and why manipulation of the money supply has been such a prominent tactic over th..
Moral Hazard. A worker can choose either high or low level of effort. The cost of high level is 1, the low level does not cost anything. If the agent chooses the high (low) level, principal gets π with probability pH (pL) and zero otherwise. Find the..
Rise in the price reduce the quantity demanded, assuming price elasticity remains constant along the demand curve.
Which of the following is NOT a reason that we discussed for global imbalances that arose in the early 2000s and persist to some degree to this day?
If aggregate demand increases and as a result the price level increases and real national output and employment increases we can assume that: A decrease in aggregate demand in Keynesian range of aggregate supply will tend to:
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and good Y is -4. Determine how much the consumption of this good will chang..
Write the print f C Code which will display the output with three spaces preceding it. Illustrate what is the marginal cost of the last bucking bronco produced.
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