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Explain what the natural rate of unemployment is.
It is necessary here to include a solid explanation based on economic concepts. The natural rate of unemployment is the rate of unemployment which exists when the labour market has cleared - leaving voluntary employment comprised of seasonal, frictional and structural unemployment. It seems obvious that a basic explanation of employment and labour force is essential here.
Describe the poverty cycle and suggest how a developing country can break the cycle. The poverty cycle is explained as the trap developing countries can land in; low incomes →
what is a sub game perfect Nash equilibrium
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
types of cost
Estimating Labour Productivity by Economic Sector for Target Year and its Change between Base and Target Year Contribution of each sector to GDP is known. The contribution of
Risk Loving - A person is a risk loving if they show a preference toward the uncertain income over a certain income having same expected value. Examples: Gambling, some
The vast majority of corn and soybeans produced in the United States is grown in the Midwestern states including: Nebraska, Iowa, Illinois, Indiana, and Ohio. This region experienc
Perceived Value Pricing This refers to a pricing strategy that dictates that the price of a given item will be set based on the customer's perception of the value of that item
explain how macro and micro issues may be represented using production possibility curve
"Cross-Correlations of output(t) with" "x(t-1)" [3,] "output" "0.3" [4,] "consumption" "0.1
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