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In July 2009, in the economy of Sandy Island, 10,000 people were employed, 1,000 were unemployed, and 5,000 were not in the labor force. During August 2009. 80 people lost their Jobs and didn't look for f new ones, 20 people quit their jobs and retired, 150 unemployed people were hired, 50 people quit the labor force,and 40 people entered the labor force to look for work. Calculate for July 2009
a. The unemployment rate.
b. The employment to population ratio and calculate for the end ofAugust 2009
c. The number of people unemployed.
d. The number of people employed.
e. The unemployment rate.
Microsoft Corp want to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger. Analyze how the different forces will come together to create a convergence..
If the input costs are rising at teh same time that consumer income is falling, what will happen to the equilibrium price and quantity?
The best Leisure John may get in a week is 168 hrs. Other than that how many hours a week John works, he gets a $200 allowance from his father.
The Obama campaign says that government spending on infrastructure and education is the best way to encourage economic growth. Is it correct to say that the Romney campaign is using a "Neoclassical" model and the Obama campaign is using a "New Gro..
A perfectly competitive firm should hire an additional worker only if the employee 's marginal revenue product is less than the wage rate.
Supose we have two alternatives which have same output that is the same benefits. If we apply incremental B/C ratio the result gives 0. Can we assume that it is less than 1 and chose the lower cost alternative?
Consider a farm in the former Soviet Union. Try to describe how dicisions on the number of chickens to be raised, and the amount of each feed to use in raising them, were made under the old communist regime.
Explain why the Fed must normally add reserves to the banking system via open market operations, on most days, in order to maintain its interest rate target in the federal funds market.
Suppose that the domestic demand and supply for hats in a small open economy are given by-Where Q denotes quantity and P denotes price.
Make sure you indicate the horizontal and vertical intercepts. Now, suppose the local government is considering two health plans. Under plan A, the government will give out vouchers worth 2 free visits to the doctor.
Explain what happens to consumer, producer, and total surplus when a firm is able to use price discrimination effectively?
A company operates plants in both the United States(Where capital is relatively cheap and labor is relatively expensive) and Mexico(Where labor is relatively cheap and capital is relatively expensive). A. Why is it unlikely that the cost-minimizing..
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