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The USPS operates a network of more than 31,000 post offices. The majority of these post offices do not generate revenues sufficiently high in relation to costs to justify keeping them in operation. If the USPS were truly a private firm, many of these post offices would be closed.
Explain how labor market equilibrium is affected by the supply also demand of labor.
Suppose that France and Germany both produce oil and cheese. France's opportunity cost of producing a pound of cheese is 5 barrels of oil while Germany's opportunity cost of producing a pound of cheese is 11 barrels of oil. France can gain from speci..
Give a detailed explanation about how the engineer's income generation as described above affects GDP and GNP of U.S.
Suppose there are two types of shirts available to Carl: red shirts and black shirts Carl is always willing to exchange three black shirts for one red shirt. What type of preferences is mike exhibiting? Are Carl's preferences monotonic? How do you k..
If the spot price of the British pound is $2.20, the risk-free rate on 1-year government bonds is 3% in the US and 6% in the UK, What is the one-year-forward price of the pound?
You are given the following figures on economic base: primary employment: 10,000; Secondary employment 30,000 A) Determine the ration B) a New Factory engaged in primary employment is moving into the base and intends to employ 250 persons. What are t..
We focused on online retail and services this week. Why were so many entrepreneurs initially drawn to start businesses in the online retail sector?
About John Maynard Keynes. Explain the 4 tenets of the classical position. Consequences of Pease: explain Keynes concerns regarding the Armistice. What did Keynes really mean by “in the long run we are all dead>” Explain how the multiplier can achiev..
Who of the following people are considered unemployed according to official statistics? (Mark off ALL who are considered unemployed.) choose which?
Gains from trade will result if a country specializes.
How many hours will Bob want to work if his wage rate is less than his reservation wage ____? Graph this situation using the model of labor-leisure choice and explain. what would happen to bob's reservation wage if his mother started sending him $100..
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production.
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