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1. (Labor Productivity) Go to the Bureau of Labor Statistics (BLS) page on Quarterly Labor Productivity at https://www. bls.gov/lpc/ and get the latest news release on productivity and costs. Rank the various sectors of the U.S. economy from highest to lowest according to their most recent pro- ductivity growth rates. Does what you found make sense to you? Why or why not?
2. (International Productivity Comparisons) The BLS also com- piles international data on manufacturing productivity at https://stats.bls.gov/news.release/prod4.toc.htm. For the most recent period, which nations have enjoyed the most rapid growth in manufacturing productivity? Which nations have experienced the slowest growth? Has productivity actually declined anywhere? How could this be re- lated to the convergence theory explained in this chapter?
cloud-based computing allows businesses to store and access large amounts of data over the internet rather than on
.if individuals are free to produce whatever goods they want, then when excess profit is being made, more people will enter into the production of that good and consumers will benefit as the price is pushed down.
An airline ticket costs the same from Casper, Wyoming to Denver, Colorado, and from Denver to Orlando, Florida. Does this make economic sense? Describe the rationale behind equal prices for unequal distances in air travel using supply, cost curves an..
You need both equations and clearly labeled graphs (separate graphs for each question) to answer the following questions. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. As well, assume t..
What is the best way to deal with pollution and / or global warming (climate change)? Why?
A firm has the following short run production function Q = 45L2.5 - 4L3- Write the equations for the marginal and average product of labor.
Identify a major health issue that is of interest to you. The issue could be related to your work and be in any area such as health promotion, public health, health policy, health management or any clinical issue. Identify at least twelve differen..
What would the peso-dollar exchange rate be if purchasing-power parity holds - Draw a three-panel diagram to show the effect of this shift in net exports on the US real exchange rate and trade balance.
Suppose that Person A earns $35,000 per year and Person B earns $42,000- Find the exact percentage by which Person B's salary exceeds Person A's.
an industry is perfectly competitive and each producer has a long run total cost function given byltc 13q3 - 6q2
Laws of supply and demand
Graph the following demand and supply functions. Determine the equilibrium solution from the graph. Solve the equation to verify your answers- Qd = 200 - 2 P , Qs = -40 + 4 P
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