Good information about the definition of the labor force

Assignment Help Business Economics

Reference no: EM13733336

You shared good information about the definition of the labor force. However, per our discussion question, can you tell me is the student who graduated, but is looking for work a part of the labor force? Can you explain why or why not?

You are right that it is possible for a nation to have a high GDP, but due to wealth disparities, this might not represent a large of population of poor people in the same nation. Can you share your thought on why this is misleading regarding economic performance? The Gross Happiness Product sounds interesting. it sounds like different countries have different ways of measuring well-being. Nevertheless, some examples of our global indicators are infant mortality, life expectancy, literacy rates, etc. So, do you think real GDP per person is a sufficient measure of well-being? If not, what other metrics should be used?

Reference no: EM13733336

Questions Cloud

Are monopolies and oligopolies always bad for society : Are monopolies and oligopolies always bad for society? Provide real world examples of where this may be the case to strengthen your position. Provide at least one example of a case where having a monopoly or oligopoly may actually benefit the society..

What is current prevailing weekly wage rate in labor market : A profit maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the firm’s total weekly output from 110 units to 111 units and caused the firm’s weekly revenues to rise from $25,000 to $25,750..

Service in mandating such pricing of intra company transfers : Is the United States Internal Revenue Service (IRS) the only service in mandating such pricing of intra company transfers? Would the concept of an arm’s-length price resolve the measurement issue in pricing intra company transfers? Why or why not?

A bicycle component manufacturer produces hubs : A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and parameters of each process are as follows

Good information about the definition of the labor force : You shared good information about the definition of the labor force. However, per our discussion question, can you tell me is the student who graduated, but is looking for work a part of the labor force? Can you explain why or why not?

What is the domain of profitable demand during a month : A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of plywood is $800,000 per month. The variable cost per thousand board feet is $155.50 the price charged will be ..

Describe this scenario in a game matrix. : Consider a pharmaceutical industry with two producers, P zer and Roche. The former is based in the U.S. will the latter is based in E.U. If both produce they both get a pro t of -20. If one produces it gets a pro t of 300. Describe this scenario in a..

The manufacturer of brand a automobile tires claims : The manufacturer of Brand A automobile tires claims that its tire can save 110 gallons of fuel over 55,000 miles of driving, as compared to a popular competitor (brand B). If gasoline costs $4.00 per gallon, how much per mile driven does this tire sa..

Firms demonstrating power : Are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position. Provide at least one example of a case where having a monopoly or oli..

User Account

All Pages