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According to the U.S. Bureau of Labor Statistics (BLS), U.S. firms added 242,000 jobs to their payroll in February 2016. The economists regarded this outcome as a robust increase in employment over the previous month. However, the unemployment rate remained unchanged from the previous month at 4.9 percent. These figures indicate that in February 2016 the in U.S.
a. the BLS must have made a mistake in measuring the unemployment rate or the labor force participation rate.
b. the labor force participation rate must have remained unchanged.
c. the labor force participation rate must have decreased.
d. the labor force participation rate must have increased.
When looking at stores, you will find that competition will influence the market prices. The challenge that our economy is facing is that we need to monitor how many firms that are involved within an industry. What are the implications of these indus..
If the data shows the trade deficit appears to be procyclical. Please outline a possible explanation for the procyclical behavior of the trade deficit.
An appraiser valued a subsidiary of signal co. at between $230 million and $260 million. Six months later, Burmah Oil offered to buy the subsidiary at $480 million, giving Signal only three days to respond. Members of the board were sophisticated, w..
A corporate expects to receive $34,688 each year for 15 years if a particular project is undertaken. There will be an initial investment of $122,261. The expenses associated with the project are expected to be $7,426 per year. Assume straight-line de..
Nora's Nicest Knick Knacks has produces a variety of products sold as souvenirs. She started out printing local sayings on tee-shirts, e.g., FDNY
Assume initially that the economy is in a state of long-run equilibrium. The real GDP equals potential GDP and only natural unemployment exists. Now suppose that consumer confidence plummets and the aggregate demand decreases. What will happen to the..
Which of the following is not a concern about nudge policies?
The regulatory agencies, JCAHO, CMS, and State Departments of Health all survey (inspect) hospitals and medical facilities. How may these processes improve quality in care? Which surveys are mandated and which are voluntary? Why would a facility choo..
What is their deduction for personal exemptions? What is the amount of their taxable income?
How is law of diminishing returns reflected in shape of total product curve. Illustrate what is relationship between diminishing returns and stages of production.
What takes place to a firm in monopolistic competition when it increases its price? How is this different from a firm engaged in perfect competition?
Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training? Why are workers with good looks paid higher in some jobs, but not in others? A recent report released ..
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