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Assume you live in an economy that has a population of 2,000,000 people over the age of 16. The labor force in your economy is 1,500,000 people and 1,300,000 people are currently working. Calculate the unemployment rate Calculate the employment rate Calculate the labor force participation rate.
The economic model of a perfectly competitive market is very unrealistic because it predicts that firms in a perfectly competitive market earn zero profits in the long run. However, in reality, no firm would stay in business if it earned no profits. ..
The US government has given legal status to some qualified illegal immigrants, white and blue color workers. What is the main economic reason for such a policy? Briefly explain and show it graphically (AD and AS).
The supply and demand schedules for tickets to basketball games in town of Oakwood are given in the table below.
As real interest rate rises, the quantity of loanable funds supplied _____ and the quantity of loanable funds demanded _____
Discuss the advantages and disadvantages of financial statement analysis. Also discuss how it can help a manager make decisions and how it might mislead you?
Given the following information about the economy of Pakistan, calculate Pakistan\'s GDP. Note that the currency of Pakistan is the Rupee. Assume that the values are all current and no conversions need to be made.
A firm emits 30 tons of a pollutant, before the government begins to regulate it. The firm’s marginal abatement cost curve is given by: MAC = 10*A (A = “tons of abatement”) The government issues an NPDES permit authorizing exactly 20 tons of emission..
Discuss fully the determinants underlying price elasticity of demand. SeeClear T.V., a cable hook-up, used to sell its service for $22.00 a month and it managed to sign up 42,000 customers. Due to increased equipment costs and the stock-holders' desi..
What present expenditure is warranted for business that is expected to produce a savings of $8000 per year that will decrease by $800 per year for nine years with an interest rate of 10%? Draw a cash flow diagram that depicts the situation as well..
The Rustin Transportation Planning Board estimates the cost of upgrading a 4-mile section of 4-lane highway from public use to toll road to be $41 million now. Resurfacing and other maintenance will cost $820,000 every 4 years. A toll road would requ..
A local department store offers 24-month financing for a certain $1,000 appliance at an “interest rate of 9% per year”. What is the effective annual interest rate a customer would actually pay for this financing? What is the nominal annual interest r..
The Solow Growth Model. In 2010, Japan was a large open economy with perfect capital mobility that was at its steady state.
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