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Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. What is its unemployment rate?
Now suppose 4,000 of the people looking for work get discouraged and give up their searches. What happens to the unemployment rate? Would you interpret this as good news for the economy or bad news? Explain.
Suppose a car wash firm that has 3 workers is able to wash 120 cars per day. When it adds one more worker, it is able to wash 152 cars per day in total. Suppose each car wash costs $15. Then the marginal revenue product for the 4th worker is ?
Think about Trade. Country A takes 20 minutes to make a car, and 15 minutes to make a computer. Country B takes 30 minutes to make a car, and 20 minutes to make a computer. Total work time is 1 hour. If trade begins who exports and who imports
Discuss the current economic situation in the U.S. as compared to five (5) years ago. Include interest rates, inflation, and unemployment rate in your explanation.
If the government increases the money supply by 50 percent, and velocity of money and real GDP remain constant
Elucidate how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.
an analyst for foodmax estimates that the demand for its brand x potato chips is given bylnqxd 12.14 - 2.8ln px 3.4py
If my Unit of Ouput is 4, my Total Fixed Cost is 20, my Average Total Cost is 12, and my Average Fixed Cost is 5 then what is my Total Variable Cost for this problem?
The percentage change in the number of trips in central London gives you one of the numbers you need to calculate an estimate of the elasticity of demand. The other number you need is the percentage change in the price a driver pays for driving in..
Develop an in-depth analysis and evaluation of the Government Accountability Office's planning, organizational design, decision-making process, and implementation and then provide recommendations for improvement. Therefore, you will conduct..
In 1982 to 1984 the base period used for the customer price index, the average earnings of construction workers were $442.74 a week.
What is the level of price, output, and amount of profit for an unregulated monopolist? Analyze the effect of regulation on the allocation of resources. Which situation is most efficient? Which situation is most likely to be chosen by government? ..
If a sample of size 18 has a linear correlation coefficient of -0.50, is there significant reason to conclude that the linear correlation coefficient of the population is negative? Use α=0.001.
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