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Which of the following would increase the natural rate of unemployment?
an increase in the number of younger, less skilled workers in the economy
a reduction in the generosity of unemployment insurance programs
restrictions on the ability of unions to negotiate wage changes with companies
an increase in government-sponsored programs that train unemployed workers so they can find new jobs quickly
There have been significant discussions on the government's fiscal policy during the Great Recession. In particular, many did not like the government's actions in salvaging the auto industry in providing guaranteed loans to GM and Chrysler. What is y..
Sam has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C,L) = CL. The household also has a home production technology summarized by a production function. How much time will Sam spend in leisure? How ma..
What happen if the marginal product of labor is 23, is the firm minimizing cost. What happen if the marginal product of labor is 21, is the firm minimizing cost.
Why would the global campaign halt the spread of the imitated medicines. With the cost of innovation and the necessity to achieve economies of scale, the pharmaceutical industry is continuously re-organizing on a worldwide scale. Explain in detail.
Small country Alpha exports lumber products obtained by cutting Alpha's forests. Cutting the forests creates negative external effects in Alpha.
Holloman Hops has a budgeted $300,000 per year to pay for labor over the next 5 years. If the company expects the cost of labor to increase by $10,000 each year, and the interest rate is 10%, what is the expected cost of the labor in the first year?
What is the present worth of $500.00 in month1, $510.00, in month 2, and amounts increasing by $10 a month through month 36, if the interest rate is 15% per year, compounded continuously? Please show work and use functional notation where needed: ex...
Draw a production possibilities curve for time. On one axis put sleep time and on the other put awake time. You have 24 hours available in a given day. Indicate the combination that describes your allocation today. Also indicate a combination that is..
Three students consider the option of forming a lawn care and landscaping business during their summer vacation. They estimate the following costs: Insurance $2,600; Equipment Rental Fees $1,000; Fuel and Supplies $4 per lawn serviced and Miscellaneo..
A firm with market power faces the demand function q=4000-40p. The firm's total cost function is TC(q)=10q+.001q^2+1000. Demonstrate that the single price monopolist's profit maximizing choice of price and ouput also maximizes producer surpulus. Iden..
1. Draw graphs showing a perfectly competitive firm and industry in long run equilibrium.
Some of the forces working against freer global trade are:
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