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Unemployment means that:
a) there are some people who will not work at the going wage rate.
b) there is excess demand in the labour market.
c) people are not willing to work at the going wage rate.
d) at the going wage rate, there are people who want to work but cannot find work
Consider a consumer who is always willing to substitute three pounds of a generic store-brand sugar for two pounds of a brand-name sugar. Do these preferences exhibit a diminishing marginal rate of substitution between store-brand and producer-brand ..
Bill sees a classified ad offering a used DVD player for $5. On the opposite page, he sees a big color ad from a national electronics chain offering new DVD players for $50. Bill values a DVD player at $75 so long as it works, regardless of whether i..
Describe in breif its potentials and limitations for reducing poverty and spurring grassroots development in LDC.
Describe economic terms and concepts and describe your reasoning leading from concepts in question to the final answer.
What is the probability that all the population slope coefficients are actually zero, but the coefficients we estimated are different from zero due merely to random sampling variability In other words, what is the probability that the R2 is actual..
the fed and the money supplyinstructions please show all work or points will be taken off. good luck1. in this problem
How does the share of income spent on each good change with pb? If consumers' preferences defined by a Cobb-Douglas utility function, what does your result suggest about their expenditure patterns?
Elucidate how each of the following will affect the consumption and saving schedules (as they relate to GDP) or the investment schedule.
1. use the model of supply and demand to explain how a fall in the price of frozen yogurt would affect the price of ice
Pick a sector that you know well and identify and discuss the key macro risks for the coming five to ten years - what kind of investment would put you in the best position to take full advantage of your foresight
barry earns 20 an hour for up to 40 hours of work per week. he is paid 30 an hour for every hour of work in excess of
The production possibilities curve is an important model of how much an economy can produce given resources & technology.
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