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In Littleville, which has 1000 residents over 16 and not institutionalized on the day of the survey. 400 people do not currently work. Of these 400 persons, 25 have become discouraged and quit seeking work, and 75 others are either full-time students or home-makers. Of the 600 people who do work, 150 work part-time but wish to work full-time. Employed people were working on the day of the survey. The employment-population ratio in Littleville is?
Draw a graph (hand-drawn is acceptable) that illustrates the demand and supply of a perfectly competitive industry. Indicate the following in your graph: the equilibrium price; the equilibrium quantity; the producer surplus if the industry is a monop..
Consider a market where the market demand is given by P = 600 − 3Q and the market supply is given by P = 100 + 2Q. Suppose the government imposed a $50-per-unit tax. How much of the per-unit tax would be paid by the sellers and how much by the buyers..
Identify at least four key points of a relevant economic article - Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper.
How do the Minsky and Austrian explanations for the causes of the Great Recession differ? Explain how the proponents of government stimulus believe that it will affect aggregate demand and employment (be specific!). How might government stimulus poss..
After the first year of payments, what is the outstanding balance? After the first 10 years of payments, what is the outstanding balance?
Show that this in expectation decreases the firm's value, and explain why, in spite of that, the owners of the company would want to undertake the project.
What is the Federal Reserve (Fed) all about? Which Federal Reserve District Bank is closest to you? Who is the current Chairman of the Fed?
The dairy industry is initially perfectly competitive. There are thousands of small dairy farms across the country. Then Bill Gates goes and purchases every single dairy farm. In your own words compare the outcome in the market under monopoly and und..
In a Cobb-Douglas production function with constant returns to scale, if the share of income that goes to labor is 42%, what does alpha equal? Enter your number in decimal form as opposed to percentage form, rounded to two decimal places - use only n..
Consider a market where supply and demand are given by QXS = -16 + PX and QXd = 92 - 2PX. Suppose the government imposes a price floor of $40, and agrees to purchase any and all units consumers do not buy at the floor price of $40 per unit. Determine..
The burden of a tax imposed on a good falls at least partially on consumers if:
There is a 75.17% chance that we would find a pumpkin that weighs more than what?
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