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In 2013, approximately 58 percent of the adult population (245million) was employed, the lowest employment rate in 20 years. If the employment rate increased to the Prerecession level of 62 percent, How many more people would be working?
In a perfectly symmetric distribution, which of the following statements is false? ?The distance from the smallest observation to Q2 is the same as the distance from Q2 to the largest observation The distance from Q1 to Q2 equals to the distance from..
Explain the concept of comparative advantage and the principle theories of why trade occurs and analyze and discuss the sources of comparative advantage in national economies.
Drexoogle has developed the first computer (the “earpod”) that fits in one’s ear and functions as a phone, can tell you the time, and will conduct Google searches all in response to a person’s voice commands. What is the consumer surplus and deadweig..
You are a lawyer working with the International Court of Justice in The Hague in the Netherlands. Your task is to review a recent decision by a U.S. judge regarding extraterritoriality. What factors most influenced your decision? Do you know of any I..
suppose that an economy consumes all salary income and saves all capital income. Describe if the factors of production earn their marginal product.
What do you think businesses and other organizations in economic markets should do in order to make capitalism more sustainable and why?
The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
Illustrate when a cold snap hits florida, the proce of orange juice rises in supermarkets throughout the country
Calculate output, price, total revenue and total profit at revenue maximizing activity level and n at profit maximizing level.
Create your own games. You will need to set it up one normal form for a one-shot simaltaneous game and one shot sequential move game. These should be seperate games - not the same parameters for both. What is each players dominent strategy? What is t..
what happens to gross debt as a percentage of GDP. Elucidate what happens to the level of debt held by the public as a percentage of GDP.
CASE STUDY SCENARIO Allan’ s Fast Store is the only fast food in Duke Town and the factory workers purchase lunch there every day. Mr. Allan, the owner, had lowered the price, which caused an increase in demand. The relationship between TR and price ..
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