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a) The current unemployment rate is 4.6% and the number of people in the labour force is 266,478.Use this information to find the following.
i. How many people are unemployed?
ii. If the working age population is 366,547, what is the labour force participation rate?
b) Suppose that the size of the labour force decreases by 20,000 people. What would happen to the unemployment rate? Assume that the number of people unemployed does not change. Explain your answer by referring to the relevant equation.
c) Levi lost his job in the factory he worked in as the factory lost its competitiveness in the domestic market over cheap imported products. Levi now cannot find a job that utilizes his skills. Is Levi frictionally unemployed, structurally unemployed or cyclically unemployed? Explain your answer.
How would potential avoidance and evasion activities impact the design of a tax system? How does this relate to the so-called Laffer curve that deals with tax rates and tax revenue? (ECON 510) Taxation.
Your weapons company, Top GunZ, sells fighter jets to two countries. The jets can be produced at a constant marginal cost of $10 million. The demand for jets in the two countries can be represented as: QA = 100 – 2p QB = 80 – 4p. Assume that the opti..
Prime Products manufactures specialized goods to customers' specifications and operates a job-order costing system.
A famous American has been visiting the same tropical island for 15 years for vacations. When she goes she pays for everything by writing checks drawn on her U.S. bank. The currencies the natives use are not U.S. dollars; they use a currency called a..
Which of the following is true regarding the grand jury system?
What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.
A 5-year, 12% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $1,100, what is the annualized yield on the bond?
Draw, on a large graph, a market for apartments in equilibrium, and then apply a binding rent control. Explain and indicate how the relevant economic agents are affected by the application of this price control, and why economists say rent control is..
Consider a market with demand P(Q) = 108-2Q in which two rms compete. Firm 1 faces TC1(Q) = 48Q and rm 2 faces TC2(Q) = 36Q.
What labor market changes are responsible for the relatively frequent mobility of employees into new jobs and low tenure – duration with one employer?
derive and graph the equation characterizing the firms average revence curve. Calculate the level of output to that maximizes total profit. Also calculate the resulting profit.
FedEx's projections were way off with regard to both interest rates (which fell very significantly going into 2009) and fuel costs (which more than doubled before falling again in 2009). Does this suggest that management was not effectively manag..
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