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During the Great Recession, as in previous extended recessions, the U.S. Administration stressed job training programs and enacted repeated extensions of long-term unemployment benefits in response to persistently high levels of unemployment .Discuss the categories of unemployment each program is intended to alleviate and hypothesize on the ineffectiveness of these programs in reducing unemployment.
Consider a second price sealed bid auction. Throughout our discussion, we have assumed that bidders are risk-neutral. Suppose that bidders are risk-averse. Does it change our conclusion that bidding one’s own valuation truthfully is a weakly dominant..
A firm contemplating entering the market would need to invest $100 million to build a minimum efficient scale production plant. Such a plant could produce about 100 million pounds of cereal per year. What would be the average fixed costs of this plan..
Using any relevant information below, calculate GDP via the expenditure approach. Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion. Can you say that the production of goods and services in Nowhereland has increa..
Equipment purchased 2 years ago for $70,000 was expected to have a useful life of 5 years with a $5,000 salvage value. Its performance was less tha expected and it was upgraded for $30,000 one year ago. If replaced the existing equipment will be sold..
An engineering student must decide whether to pay for auto insurance on a monthly or an annual basis. If paid annually, the cost is $1650. If paid monthly, the cost is $ 150 at the start of each month. What is the rate of return for buying the insura..
q1. brian also kim own a business employing 8 workers to produce commemorative t-shirts for campus organizations also
Describe a national model of universal healthcare coverage. Compare the model's methods of funding for healthcare in the United States. Identify which one you think is best by discussing access and quality detail.
A tax placed on buyers of airline tickets shifts the
Identify a good that you believe meets the criteria for an inferior good. Is this good an inferior good for all income levels or is there a range of income where it is a normal good?
Bank of Canada sets monetary policy to try to achieve an annual 2% increase in consumer price index. Is the CPI a good index of your cost of living? Why or why not? is there a better measure of the cost of living?
Annie Laurie works for Arrow Star, a wholesaler and retailer of outdoor furniture. Her job is to acquire goods to resell and rent to other retailers and consumers at a profit. Annie is involved in _____?
Everything else equal, when the market supply curve shifts inward, consumer surplus. Everything else equal, given an upward sloping supply curve, if the market demand curve were to shift outward, producer surplus
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