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What are the various forms of unemployment? What type of unemployment is the most difficult to solve? Why?
A demand curve and supply curve for lawnmowers are given respectively as follows: QD = 72 ? 2P + 2MQS = 2P. Where M represents consumer income. Suppose that last year, consumer income was M = $150.
Over the past year, productivity grew 2%, capital grew 1%, and labor grew 1%. If the shares of income to capital and labor are 0.2 and 0.8, respectively
1. What is the law of unintended consequences? Provide an example. 2. Is the opportunity cost of flying the same for all passengers on an airline flight from New York City to Los Angeles? Why or why not?
Mr. and Mrs. Ward typically vote oppositely in elections and so their votes “cancel each other out.” They each gain two units of utility from a vote for their positions (and lose two units of utility from a vote against their positions). However, the..
What are the moral and ethical issues of the case? Who are the major stakeholders in this case? What are the major views on the conceptual issues raised by this
With the proposed changes it appears that Klein is trying to implement a hybrid of Bureaucratic and Clan Control.
How does the government decide on the amount of pollution to allow? What are the potential costs and benefits associated with the regulation of pollution? What are the potential problems associated with employing outright regulation to deal with poll..
Given the following information: Consumers are very optimistic about the future. The price of oil has just doubled. The money supply is growing at a 6% rate. The government has just cut spending by 8%. Firms are doubling their investment. The trade d..
What are the differences between the long run equilibrium of a perfectly competitive firm and the long run equilibrium of a monopolistically competitive firm?
Compare the map shown in the activity on page 4 and a more detailed map of the world. Choose a country that lies in a middle or low income area.
A research engineer invests $5,000 at the end of every year for a 32-year career. If this teacher wants to have $1,524,240 in savings at retirement, what interest rate must the investment earn? Consider the following two mutually exclusive alternati..
In 2013, American Airline wa charging $ 2,386 for round trip, non-stop and unresticted ticket between Boston and Dallas, but the price has been cut in half to $ 1, 698. (1) What can you say about the price elassticity of business travel damand on tho..
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