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When figuring the number of people unemployed, is it the laborforce - the number of employed adults?What about adults in the military? the nonadult population? institutionalized adults? and nonmilitary, non institutionalized adults not in the labor force?
Illustrate what is more important for them to monitor and target, inflation or interest rates.
What does the term "quantity demanded" refer to? A. It refers to both the amount of a good that consumers want to buy at a specified price and the amount that suppliers want to sell at that specified price B. It refers to the demand for a good over..
Suppose Panama produces only two goods, bananas and hats. If Panama has a comparative advantage in bananas, a move toward free trade will, a. harm hat workers, benefit banana workers, but benefit the nation as a whole. b. harm hat workers, harm bana..
Explain how can the abolition of cash fight inflation and reduce unemployment.
Illustrate the point price, income, also cross elasticities at the present values. Interpret your answers, saying how much a 1% change in each variable impacts demand.
Write a short explanation of the article using one of the following economic models: GDP, AD & AS or circular flow of income and describe the economic situation in the UAE based on the article.
An economist's use of the term "rent" differs from everyday usage in that in the economist's understanding, economic rent is the price paid for the use of all resources that are completely variable in supply. includes any security deposit that mus..
All workers are equally productive also workers vary in their preferences. Compute a worker who values his wage and the risk level according to the following utility functions
Lars consumes only potatoes and herring. When the price of potatoes was 9 crowns per sack and the price of herring was 5 crowns per crock, he spent his entire income to buy 5 sacks of potatoes and 10 crocks of herring per month.
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Given an MPC of .8, if the C+I equilibrium level of aggregate expenditure is $600 billion, then government expending of $50 billion is included, Determine new equilibrium level of aggregate expenditure?
Discuss the advantages and/or disadvantages of distributing marketable pesticide permits to each farm operating in the watershed equal to 40% of its current level of use of that pesticide, versus simply ordering each farm to reduce pesticide use t..
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