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Compare Country Alpha with Country Omega. Which country would you expect to have a higher unemployment rate in each of the following situations?
a. Alpha has a larger share of its population under age 25; Omega has a larger share of its population between the ages of 25–54, men or women
b. Residents of Alpha tend to have a higher education level than residents of Omega.
c. Alpha recently had an unexpected surge of labor productivity.
d. Residents of Omega are happy to move around the country for jobs, but residents of Alpha prefer to stay put.
e. Alpha and Omega have in the past provided unemployment benefits for an unlimited amount of time, but now Alpha sets a six-month limit for receiving such benefits.
Assume that the following data describe the condition of a banking system. Total reserves $200 billion, Transaction deposits $800 billion, Cash held by public is $400 billion, Reserve requirement .20.
Oregon Ducks, Inc. is considering buying licenses for 12 megahertz of wireless spectrum in the 700 MHz range, which is suitable for delivering television to mobile phones. The 700 MHz signals can travel long distances and more easily penetrate walls ..
A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost. How much will the firm produce? Can yo..
Firms hurt by lower priced imports typically argue that restricting trade will save U.S. jobs. What's a wrong with this argument? Are there ever any reasons to support such trade restrictions?
Analysis of the balance of trade and the financial flows between domestic and foreign entities. Imports and exports vital to Viet Nam’s GDP will be examined.
Using graph, illustrate the effect of an increase of the input price on the production and profit of a one input-one output firm with decreasing return-to-scale technology?
the area of the coil is perpendicular to the magnetic field lines, what is the resulting average emf induced in the coil? Any help is appreciated!
Amalgamated Popcorn, Inc. is a fairly small firm selling bags of flavored gourmet popcorn in a popular mall. As shop owner and operator, you have observed that your daily sales tend to follow a pattern that can be stated as: Compute the elasticity co..
Assume that you are the manager of a company that experiences a 50% increase in market demand for its product during the summer months (June through August). One option for meeting this increased demand is to require existing company employees to wor..
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
What is being held constant when a demand curve for a specific product (shoes or apples, for example) is constructed? Explain why the demand curve for a product slopes downward to the right.
A plant superintendent has arranged to purchase an additive through a 6-year contract at $5,000 per year, starting 1 year from now. Afterwards, he expects the annual price to increase by 3% per year thereafter for the next 12 years. Use i=8% to dete..
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