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A country with a civilian population of 100,000 (all over age 16) has 80,000 employed and 10,000 unemployed persons. Of the unemployed, 2,000 are frictionally unemployed and another 4,000 are structurally unemployed. On the basis of this data, answer the following questions:
a. What is the size of the labor force?
b. What is the unemployment rate?
c. What is the natural rate of unemployment for this country?
d. Is this economy in recession or expansion? Explain.
Find the profit-maximizing choice of q for this miniature farm; also compute profits that will be earned at this choice of q.
The following is part of a price schedule, showing the quantity discounts offered by a printing shop. Does something peculiar happen as the size of your order approaches the upper limit in a given price range? Explain in terms of Marginal Revenue to ..
What would the impact of each of these events have, using the IS-LM model and what would be the adjustment to short run equilibrium?
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope.
Suppose a manufacturer estimates its marginal cost at $1.00 per pack, its own price elasticity at -2, and sets its price at $2.00. The company's settlement obligations are expected to raise its average total cost per pack by about $.60. What effec..
Assume only two countries, China and the US. If China decides to stimulate growth through a policy of running a large export trade surplus, does China’s national saving increase? Show the relationship between China’s national savings, domestic invest..
Suppose that the annual growth in real income in Japan is expected to be between 2 and 3 percent and that income elasticity of demand for housing in Tokyo is estimated to be between 0.8 and 1.0 for rental units and between 0.7 and 1.5 for owner-occup..
Evaluate the argument that monetary policy should be determined by a rule rather than discretion. How about fiscal policy?
why do land cost tend to fluctuate in a free market and why taxes on land are often regarded as preferable to taxes on other factors. 700 words
Imagine that you are a business owner. Choose whether to hire a new person in the marketing department or upgrade your computer system.
This final case on Theo Chocolate illustrates strategic decision making that begins with the fundamental mission of the enterprise and then continues to permeate decision making throughout the company. How do the theoretical controversies regarding r..
What are the five significant difficulties that policy makers encounter in making decisions? Advantages and disadvantages to communication tools. Be specific.
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