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Zoltan Novak, and Paul smith both residents of the country of EAST Paragon are discussing whether the economy is operating at full employment. Zoltan, a market analyst argues that with unemployment at 5.3%, the economy cannot possibly be fully utilizing all its resources. Paul, who is a journalist, disagree based on a recent newspaper article that shows industrial production in East Paragon is at its highest level. This, he claims, is likely to indicate that the economy is operating at full employment. Which of the following, if true, would support Zoltan's claim? A. Compared to other countries in the worlds, East Paragon has high levels of domestic consumption. B. The number of new orders placed for investment goods ros 2.3 % more than last year. C.Due to an abundant supply of labor in East Paragon, exports of manufactured goods have increased significantly. D. Due to its business-friendly tax system and investment policies, East Paragon attracts high level of foreign direct investment. E. The natural rate of unemployment in East Paragon is estimated to be 1%.
if they use a regulation should they allow for pollution permits? explain the benefits and detriments of each form of control. what would you recommend?
What is the expected profit of simultaneously pursuing both programs.
Predict what will happen to the price and quantity of tennis ball if the price of tennis racket falls and, at the same time, the government mandates that tennis ball manufacturers use more expensive plastics in tennis ball construction.
How does the concept of sentience impact moral reasoning about the rights of the animals? In response define sentience and give at least three examples of how this compact impacts ethical decisions about animals.
Consider a copy shop with annualized fixed costs of $1000 and variable cost of $0.03 per page. The shop presently has orders for 100,000 copies at a price of $0.05 per page. What is the shop’s average cost (AC) without taking the new order? Is it les..
Suppose at current factor prices a country’s manufacturers use 60 hours of labor for each acre of land and food is produced using only fifteen hours of labor per acre of land. If the economy’s total resources are 1800 hours of labor and 180 acres of ..
One year ago a machine was purchased at a cost of $2,000, to be useful for five (5) years. However the machine failed to perform properly and has cost $200 per month for repairs, adjustments, and shut-downs. A new machine designed to perform the func..
If Rob and Nate are the only people who purchase discs, graph the aggregate demand for discs and write down the equation for this aggregate demand function.
Which of these outcomes would we NOT expect from a government-supported cartel, as compared to a competitive market?
The terms below are measures or individual components of the money supply. Specifically considering the money supply of the United States, rank these items from largest to smallest in terms of dollar value. M2, currency, travelers checks, balances in..
Both antitrust policy and industrial regulation deal with monopoly. Illustrate what distinguishes two approaches. Explain how does government decide to use one form of regulation rather than.
Suppose an economy has overbuilt and suffers from excess capacity. A recession ensues due to firms cutting back on expenditures. Is deficient demand more easily remedied by monetary or fiscal policy? Explain.
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