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The United States Bureau of Labor Statistics classifies people in the U.S. into three broad groups based on their employment status: those who are employed, those who are unemployed and those not in the labor force. Drag and drop the names of the individuals below into the group to which they belong.first category: Employedsecond category: unemployedthird category: Not in the labor force
1. Matt, an unemployed 15-years-old high school dropout.2. Lian, a 39-year-old single parent working only 10 hours a week, but is seeking more hours.3. Dora, a 17-year-old college student who has sought work within the last week.4. Kat, a 65-year-old retiree.5. Lee, a 78-year-old, unemployed for two years but has sought work within the last week.6. Karol, a 35 year old who would like a job but has not actively looked for six weeks.7 Sam, a 49 year old homemaker who helps her husband run his business four hours a week.8. James, a 25-year old who has not actively sought work for two year.9. Antonio, a 27-year-old permanently disabled veteran on benefits.
Determine the quota induced price increase and the resulting decrease in consumer surplus and what is the overall welfare loss to Venezuela as a result of the quota?
On Friday, New York foreign currency market closed with a quote of $1.0900 per Euro. To stimulate economic activity the Federal Reserve hints that interest rates will be lowered by fifty basis points
(Depository Institutions) What is a depository institution, and what types of depository institutions are found in the United States How do they act as intermediaries between savers and borrowers Why do they play this role
The other significant indicator in international trade is balance of payments. Summarize your understanding of microeconomic and macroeconomic theory in a discussion of balance of payments
Foreign direct investment (FDI) refers to investments in which the investor retains a long-term interest and some degree of control over the enterprise in which the investment takes place.
1. Why do you suppose that the U.S. price level decreased over a 12 month interval during the 2008-2009 recessions 2. On the basis of Figure 11-13, are jumps in the VIX index always associated with reductions in aggregate demand that indu..
Assume that one nation subsidizes is exports and other country imposes a countervailing tariff that offsets effects, so that in the end relative prices in the second country are unchanged.
Fred Smith of Dodge City Bank has received many loan applications from local small businesses. The applications are supported through many documentation, including the business plans of the companies.
Create a written analysis of potential chances and threats based on your understanding of economic and trade summary in each of your two selected markets.
An economy can be stimulated through printing more money. Determine the dangers of doing that? Inflation can be reduced by reducing the money supply.
Explain for each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them. Explain the separate effects of each event on U.S. real GDP and the price level, starting from a positi..
Suppose that the corn production needs only land and can production requires only labor. The US can produce either seventy kilograms of corn or 100 cans in an hour.
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