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Identify which category of unemployment each of the following persons would belong to.
(i) Rahul’s wife is transferred to the Santa Cruz branch of her bank, so he leaves his job as a teacher at Campion to try to get a job at St Elizabeth Technical.
(ii) A global economic slump reduces Caribbean tourist traffic
(iii) Digicel (cellphone company) buys out Claro Jamaica and lays off Claro’s administrative staff.
(iv) The contraction of the sugar industry idles cane cutters while the demand for IT workers remains unsatisfied.
(v) As production processes become more sophisticated, people who leave school without CXC subjects are unable to find employment.
Are monopolies and oligopolies (firms demonstrating power) always bad for society?
Give an example of consistent Fiscal Policy and Monetary Policy that you would choose to correct unemployment gap (Recession) that you suspect in the economy?
Conduct a web search to find an advertisement that serves primarily to inform consumers and promote competition. Conduct a second web search and find an advertisement that serves primarily to make consumers less price sensitive to their product.
In the argument for why perfect competition is allocatively efficient, the price that people are willing to pay represents the gains to society and the marginal cost to the firm represents the costs to society. Can you think of some social costs or i..
The city of Carlsbad in California is considering building a $300 million water-desalination plant. The facility would be the largest in the Western Hemisphere, producing 50 million gallons of drinking water a day -- enough to supply about 100,000 ho..
An account earning 8% interest, compounded annually, is opened, and a deposit of $1000 is made into the account. Find the function giving the value of the account A in terms of the number of years the account has been open, t.
Impact the decrease in the price of land will have on this firm's short run cost curves (short run fixed costs, variable costs also total costs). Elucidate your illustration.
Can a financial system exist without the concept of interest? Can you conceive of an economy in which money has no time value? What are the factors that underlie interest rate changes? Also, is the efficient market hypothesis a satisfactory explanati..
At what level of output does marginal cost equal marginal revenue?
Consider the types of non-tariff trade barriers and determine which has the most detrimental effect on the U.S. economy from the standpoint of the domestic consumer. Explain your rationale and support it with specific examples.
Consider the AS/AD model. Analyze the effect on the economy in the short run and in the long run after the following events: a). the Congress increases investment tax credits b). the congress decreases import tariffs. Determine in details how can mon..
Which do you think is better, having specialized employees that are experts at their job, or a multitasking workface that is not specialized but able to many different jobs? Why?
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