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What factors tend to understate the extent to which the official unemployment rate accurately measures the degree of economic hardship in the nation? What factors lead some observers to conclude that the official unemployment rate overstates economic hardship?
Find the equilibrium level of GDP demanded in an economy in which investment is always $300, net exports are always -$50, the government budget is balanced with purchases and taxes both equal to $400, and the consumption function is described by the ..
what would be best advice to a person who wants to lean more about political issues. Watch only television news and commentary shows daily.
Tech engineering inc. makes a consumer product for which the following cost data are available. Determine the breakeven volume unit can be sold for $40. If a net profit of $100,000 is required determine the number of units that needed to be sold.
Which of the following is not an example of a process designed to combat moral hazard problems?
q.how to calculate the elasticity coefficient between each of the seven prices and indicate whether the character of
Consider smoking in a classroom, where students have the right to clean air. What types of externality does smoking in a classroom convey? Explain. How could this externality be solved according to Coase Theorem? Explain. How would it be solved using..
Many times, government intervenes as a way to maximize the social welfare of the people and society. However, not everyone agrees that this is a good idea. Can you think of an examples where government intervention has actually been regarded as a bur..
A tariff on imports of a product hurts domestic consumers of this product more than it benefits domestic producers of the product. Do you agree or disagree with this statement, and why?
Jacob Viner originally envisioned a situation where, in the demand/supply graph of a trade-diverting customs union, the demand curve was vertical and all supply curves (including the supply curve of domestic producers) were horizontal. In this situat..
Suppose you are considering buying a gold deposit. It will cost $1 million per year to construct a mine so that gold can be extracted. The construction period lasts 3 years. In the fourth year, production starts. What is the difference between privat..
What is the difference between being unemployed and being out of the labor force? A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest of the adult population is out of the labor force.
In a typical day the store sells some of each type of cola, which suggests that Major League Baseball has adopted FOA because it fears that regular binding arbitration is addictive.
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