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Q1. Economists believe as unemployment rates are consistently higher in Canada and most Western European countries than in the United States, the United States has a lower natural unemployment rate. What might explain this difference?
Q2. In 2008, the United Nations ranked Canada fourth on the Human Development Index (HDI)-a ranking of the "quality of life" in many countries. Yet in that year, Canada ranked only tenth in terms of real per capita GDP. Explain how the two rankings can be different. Which criteria do you prefer and why?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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