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Question: Please go to the website www.bls.gov/cew/Links to an external site., which is the website for the Quarterly Census of Employment and Wages (QCEW). The quarterly census provides the frame for nearly all establishments in the U.S. and is used for drawing samples for the various establishment surveys at BLS. Examine the various materials on the web pages for the QCEW and answer the following questions:
a. I am employed by BLS and by Johns Hopkins. Is my employment counted once or twice in the QCEW?
b. Would an independent contractor driving a taxicab for UBER be included in the QCEW?
c. At the end of the year, an executive for a major corporation receives a bonus. Is that bonus included in the wages that are reported in the QCEW?
Elucidate relationship among production curves average product and marginal product also cost curves average variable cost, average total cost and marginal cost.
Suppose you have used the following Production Function to estimate the Industry's average and marginal products for its inputs:
While some of these regulations may stem from a genuine desire for higher-quality medical and legal services
Do you know anyone (family, friend, or colleague) who has been diagnosed with a mental illness? If you do, and that person were to commit a crime against you, w
The Delphi method used for forecasting:
There are enormous amount of studies on the long term effects of unemployment on the economy? What are the consequences of long term unemployment?
Recognize the importance of trade to Canada. (explain briefly with references)
Suppose that the market demand for medical care is summarized by the demand function: Qd = 500 – 4p and the market supply is summarized by the inverse supply function: P = 25 (i.e., horizontal supply curve at price of 25). Calculate the equilibrium q..
Assume the market shares of the six largest firms in an industry are 12% each. Calculate the six-firm concentration ratio and Herfindahl-Hirschman index for thi
Suppose that prisons historically have required inmates to perform, without pay, various cleaning and food preparation jobs within the prison. Now suppose that prisoners are offered paid work in factory jobs within the prison walls and that the clean..
As income and the GDP increase, more and more transactions occur in the economy. These transaction demands for money are associated with money's property as a medium of exchange. Please comment on different type of these demands and provide some exam..
How can the government's power to coerce (influence economic behavior) be economically beneficial?
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