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Question: Identify whether each of the following reflects seasonal, structural, frictional, or cyclical unemployment.
a. A sales employee is laid off due to slow business after consumer spending falls.
b. An automotive worker is replaced by robotic equipment on the assembly line.
c. A salesperson quits a job in California and seeks a new sales position after moving to New York.
d. An employee is fired due to poor job performance and searches the want ads each day for work.
Suppose a car wash firm that has 3 workers is able to wash 120 cars per day. When it adds one more worker, it is able to wash 152 cars per day in total. Suppose each car wash costs $15. Then the marginal revenue product for the 4th worker is ?
If a firm had everywhere increasing returns to scale, what would happen to its profits if prices remained fixed and if it doubled its scale of operation?
Protectionist trade policies result in higher prices for consumers. One way to view the higher prices is as a transfer from workers in unprotected industries to those in the protected industry.
In a classical world with technological change, if the nominal money supply is increased over time, how will the level of output and prices behave in the long run?
Calculate the cross-rate for pounds and marks given the indirect rate for pounds is 0.5 and the direct rate for marks is $2.40.
1. you have been hired by the department of an taoiseach to comment and critique a sustainable growth plan being
Write a minimum of a three-page essay, using proper APA format, on the topic of unemployment in the U.S. Use a minimum of three scholarly sources.
Do liberals, realists, and historical materialists believe that the nationality of an MNC makes a difference? Do you think that the competitiveness of a country is closely tied with the competitiveness of its MNCs?
It is your first day on the job at the Itty Bitty Machine (IBM) company and your new boss wants your advice. The company has invested $10 million in its new computer software.
(1a.) Considering all prices, plot the market transactions for widgets.( b.) What is the price elasticity of demand for widgets when the price goes up from $20 to
The apple tree produces 100 apples each year and the cow gives 160 gallons of milk. Suppose that Emma can freely buy and sell apples and milk in the market at a price of $1 perapple and $2 for a gallon of milk. That is, she can sell some of her ap..
Two workers, X and Y, are roofers working on the same wage for the same firm. X earns more economic rent than Y. Which of the following statements is false?
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