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1. (Labor Productivity) Go to the Bureau of Labor Statistics (BLS) page on Quarterly Labor Productivity at https://www. bls.gov/lpc/ and get the latest news release on productivity and costs. Rank the various sectors of the U.S. economy from highest to lowest according to their most recent pro- ductivity growth rates. Does what you found make sense to you? Why or why not?
2. (International Productivity Comparisons) The BLS also com- piles international data on manufacturing productivity at https://stats.bls.gov/news.release/prod4.toc.htm. For the most recent period, which nations have enjoyed the most rapid growth in manufacturing productivity? Which nations have experienced the slowest growth? Has productivity actually declined anywhere? How could this be re- lated to the convergence theory explained in this chapter?
With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 5 units of labo
What do we call the error of accepting a false hypothesis? Of rejecting a true hypothesis and What symbol is usually used for the probability of type I error? What is another name for this?
suppose that third national bank has reserves of 20000 and checkable deposits of 200000. the reserve ratio is 10
Suppose an airline flying on the Charolette-Chicago route has estimated the demand curves for three different types of customers: business (no advance purchase), leisure (7 day advance purchase), and discount (14 day advance purchase) travellers. ..
A new aerated sewage lagoon is required in a small town. Earlier this year one was built on a similar site in an adjacent city for $2.3 million. The new lagoon will be 65 percent larger. Use the data in Table 2-l to estimate the cost of the new lagoo..
3.Suppose in the short run a perfectly competitive firm has variable cost = 4q2, and MC = 8q where q is the quantity of output produced. Also, the firm has fixed cost F = 144.
Before the merger, each of the separate newspapers was losing about $10 million per year. What forecast would you make for the merged firms' profits? Explain.
An employee receives a letter of reprimand that goes in his personnel file but is not demoted and not suffer any other action. Does the letter constitute an adverse employment action Why or Why not
"Aggregate Demand and Supply" Please respond to the following: You have been hired as a consultant by your mayor to evaluate the increase in aggregate demand in the city where you live.
the case for regional integration is both economic and political. the case for integration is typically not accepted
The natural rate of employment depends on the stock of capital, which in turn obviously depends on investment expenditure. The natural rate also depends on technical progress, which is also likely to depend on levels of investment and research and..
Following a collapse of sales in the wake of the sub-prime financial crisis, U.S. automobile manufacturer, Chrysler LLC, filed for bankruptcy in April 2009. It then sold its brands and various other assets to Fiat SpA. Table 7.10 below lists the esti..
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