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Littleville has 1000 residents, 400 people do not currently work. Of these 400 persons, 240 are under age 16, 10 are institutionalized, 25 have become discouraged and quit seeking work, and 75 others are either full-time students or home-makers. Of the 600 people who do work, 150 work part-time but wish to work full-time.
What is the official unemployment rate in Littleville?
Suppose there are two identical factories on a river. Both require clean water for their production processes. The upstream firm gets clean water from the river and dumps dirty water into the river. The downstream firm must clean the water it gets..
From 1983 to 1987, a period of rapid economic growth in the U.S., total savings by contributors to IRAs increased by approximately the amount of their IRA contributions. Does this show that virtually all of their IRA savings were new savings money th..
President Bush commissioned a study whose objective was to determine what the maximum tax rate on individuals and corporations should be. To what branch of economics does this study correspond? What branch of economics is concerned with the rate of i..
1. The U.S. dollar price of a Swedish krona changes from $0.1572 to $0.1730.
Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?"
Suppose Dell reduces its computer prices by 10 percent and notices that the quantity demanded increases by 8 percent. Calculate the price elasticity of demand.
Concerning emerging markets: identify and explain key concepts of emerging technologies, highlighting their use and availability. Concerning emerging markets- identify and describe common industry concepts including: institutional voids, business gro..
alternative is thought to be overly optimistic. A more realistic estimate is $400,000. If the MARR s 20%, what is the recommendation now?
What is the difference between short run and medium run in macroeconomics.
Draw the Cost effectiveness Frontier - What concept can you attribute this change in treatment choice before and after insurance? Explain.
This problem asks you to evaluate the e?ects of trade versus integration in a HOS model. There are two goods, food and clothing. Food and Clothing are made using capital and labor. What is the relative price of clothing in the integrated economy? How..
A major automotive company is considering an agreement with a small manufacturer whereby it would be required to make end-of-the-year royalty payments of $500 000 beginning in year 4 and ending in year 8 (five years in total).
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