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For each case below, please state if the person mentioned is unemployed for Frictional, Structural, or Cyclical reasons. Please state your reasoning for each answer.
(a) Pak left his old job to go back to school and get his Master’s Degree, and now he is back in the job market looking for work.
(b) Sue just lost her job as a sales clerk at Macys due to low sales.
(c) John lost his job at the steel mill after the owner bought a robot to do John's job.
(d) Mary just lost her job as a teacher due to budget problems at the state level.
each price rise reflected a reduction of the silver in the coins. Discuss critically.
What impact will high and variable rates of inflation have on the economy? How will they influence the risk accompanying long-term contracts and related business decisions?
Identify three economic variables that create differences in market interest rates on assets and/or liabilities. (b) For most companies, are business loan interest rates lower than the interest rates on personal loans for most U.S. households
Discuss the positive aspects of globalization and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address to pros and cons of outsourcing in your response.
Explicate why one of them brings positive effects to the economy also the other negative effects.
The craft unions electricians, carpenters, other possess considerable power to raise wages than do industrial unions automotive workers, steel workers.
Consider a country that produces shirts and autos. Shirts are produced with sewing machines (specific factor) and labor while autos are produced using robots (specific factor) and labor. Labor is mobile between industries. The country is initially..
A firm has a production function represented by: q=L^(.75)K^(.25) Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r. Suppose w=15 and r..
Discuss within your Learning Team how and why the U.S.’s deficit, surplus and debt have an effect on the following:
Describe which market participants you believe benefited from the final court decision and whose interests were harmed.
The Hassman Company produces two joint products, X and Y. The isocost curve corresponding to a total cost of $500,000 is Qy = 1,000 – 10Qx – 5Qx^2. What is the optimum output of product Y? Can you be sure that the optimum output combination lies on t..
suppose that new producers enter the market and the supply increases to: Qs = -500 + 10P. What is the new equilibrium price and output level? (g.) Show these changes on the graph
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