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Question: The total number of unemployed individuals in an economy is equal to 949. The total number of employed is 13,861, and the working-age population is 21,404. What is the labor force in this economy?
Mastering the economic way of consideting means learning to reason in terms of supply and demand. Here are additional questions on which you can practice.
What is the relationship between Russia and rest of Europe, how the Crimea situation changed it?
Explain how to find pareto efficiency? give an example of a problem with multiple utility functions.
Macro Structures' professional liability insurance can be paid in installments. If paid annually, it costs $20,000. If paid quarterly, $1000 is added.
Define economies of scale. How does this relate to returns of scale? Cite and briefly discuss the main determinants of economies of scale.
A firm with costs C(Q) = 1,000 + 60Q + 0.1Q2 is able to price-discriminate-What would happen if it were forced to charge all its customers the same price?
Consider what distinguishes money from other assets in the economy. Consider what is commodity money and fiat money, and which kind we use.
Select a new, realistic good or service for an existing industry, preferably an industry you current work in or one in which you are interested in working.
Your company asked you to evaluate two potential projects. These projects are active for 10 years and have no salvage life. What is the expected value of the NPV for each of the projects? What is the standard deviation of the NPV for each of the proj..
Now suppose that for the same three voters and candidates above, that it is discovered that candidate z once put ketchup on his eggs. Voter 1, is appalled and changes his ranking to x first, y second, z third. Voter 2, has always secretly ketchupe..
What equation would show how H2PO4- can act as an acid with H2O acting as a base. Express your answer as a chemical equation
It is clear that the South African economy needs to grow. We need to make up for lost incomes, lost jobs, lost tax revenue.
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