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Read Dollars & Sense Real World Macro Article
Question 1: This article looks at how technological advancement can impact employment (or workers). How can AI be a threat to employment? In what ways it may actually be beneficial for workers? For firms? For the economy?
Question 2: Will robotics be a continuous problem for employment? What might be some of the costs of unemployment, to the unemployed worker and to the society as a whole, besides the worker's loss of income?
The business section of most major newspapers contains a table showing U.S. exchange rates. Find such a table and use it to answer the following questions. a. Does this table show nominal or real exchange rates? Explain. b. What are the exchange rate..
Explain why a U. S. recession that occurs as the rest of the world is expanding will tend to reduce the U. S. Trade deficit.
Describe implications for pricing of batteries, brakes and oil changes on the sale of tires.
Illustrate what are the long-run effects on prices, output, and profits in monopolistic and monopolistically competitive industries.
What are the advantages of this patenting procedure compared to the recent changes in law that grants the right to the first person to file? Explain."
The only variable input a janitorial service firm uses to clean offices is workers who are paid a wage, w, of $8 per hour. Each worker can clean four offices in an hour. Determine the variable cost, average variable cost, and the marginal cost of cle..
Give an example from a real-world application of measuring the efficiency of resource allocation
One person-day of labor produces: China 9 rice 3 computers India 4 rice 2 computers a) Does any country have an absolute advantage If so, which one b) For India, what is the resource (or opportunity) cost of rice (R) in terms of computers (C), and C ..
If older workers have a tax elasticity of labor supply equal to 0.20, by how much will their work activity decline when they reach the Social Security earnings test limit? (Recall that the Social Security earnings test limit is 50 percent. Assum..
If you buy the stock and plan to hold it for 3 years, Elucidate what payments will you receive. What is the present value of those payments? Compare your answer to (b).
nbspa decrease in government spending will cause anincrease in the quantity of real domestic output demanded.decrease
Sketch a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve.
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