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The existence of unemployment
a. Suppose the unemployment rate is very low. How easy is it for firms to find workers to hire? How easy is it for workers to find jobs? What do your answers imply about the rela- tive bargaining power of workers and firms when the un- employment rate is very low? What do your answers imply about what happens to the wage as the unemployment rate gets very low?
b. Given your answer to part (a), why is there unemployment in the economy? (What would happen to real wages if the unemployment rate were equal to zero?)
The market for Sugar beet is in equilibrium at P = $15 and Q = 229995. The price elasticity of demand is -1. The price elasticity of supply is 0.6. Now assume that the government imposes a quota which reduces supply to 183,996
Consider a bond that promises to pay $100 in one year. What is the interest rate on the bond if its price today is $75? $85? $95?
Assuming that Venezuelan import companies organize as buyers and bargain favorably with competitive foreign exporters, what is the overall welfare loss to Venezuela as a result of the quota?
The City of Oakland is considering alternative ways of providing cable TV service to its residents. Based on an econometric analysis of several recently awarded cable franchises in other cities, economists have determined that the total cost, TC, and..
How does the charging the monoply a specific tax per unit affect the monopoly optmum
If the economy is in a recessionary gap, what must happen to reach potential GDP.
Show that maximizing prot implies cost minimization.
What the law is, but state also what it should be; then tell why, and give some examples of implementation.
state capitalism the chinese model presents competitive challenges to the free-market private ownership type of
The ABC Company deposited $100 000 in a bank account on June 15 and withdrew a total of $115 000 exactly one year later. Compute:
the subway fare in your town has just been increased from a current level of 50 cents to 1.00 per ride. as a result the
the interest formula shows how interest rate and time are related. it gives you a way of finding one of these values if
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