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(1) Suppose that on average, unemployed workers find jobs at the rate of 30% per period and employed workers loose jobs into unemployment at a rate of 2% per period. Assume the size of the labor force is forever fixed.
(2) There was a political coup in Zimbabwe and the new military dictatorship is promising to raise government expenditure on goods.
(Label all axes and curves carefully. Mark key points/coordinates)
Suppose the government in a very small country charges tax on some kind of food and has collected tax revenue based on that. Under the pressure of vigorous protest, it declares to return all the tax collected to the buyers and sellers of this food ba..
KING Airlines has determined that the price elasticity of demand for two customer segments (Business Class and Coach) is -1.50 and -1.75. Based on their expectations of profitability, KING realizes the price of a Coach Seat should be $155 (one way). ..
1. Relative to free trade, a tariff on imports of wine into the United States would result in
Evalute any one economic model of such imperfect competition, and assess how well it explains the behaviour of real firms, and the results such behaviour might have upon the efficiency of resource allocation.
Discuss why the government subsidizes student loans. Explain what would happen as a result of lenders pulling out of this market.
By reading any business publication gives examples that illustrate one of the four principles of engineering economics. A nearby Dollar is worth more than a distant dollar. All that counts is the differences among alternatives. arginal revenue must e..
what is the wage, quantity hired, wage plus employer taxes and wage minus employee taxes if employees pay a $6 tax?
q1. show how each of the following would initially affect a banks assets and liabilities.a. someone makes a 10000
Ron Paul (and his son, for that matter) has advocated for congressional control of the Fed and monetary policy for years. One of the pillars of his argument holds that elected officials should be in charge of monetary policy, not appointed individ..
Switch grass was promised to be the new crop that would replace corn as the primary feedstock for bio-fuels a couple of years ago. Why have we still not switched to switch grass.
Consider the 'pairs' of goods below. Which good in each pair is likely to have relatively more elastic demand? Why?: Sirloin steak or a dozen eggs Gasoline or Chevron gas specifically. iPhones or Androids
Firms in the market for soccer balls are selling in a purely competitive market. A firm in the soccer ball market has an output of 5,000 balls, which it sells for $10 each. At the output level of 5,000 the average variable cost is $6.00, the average ..
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