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In 1878, the U.S. Census Bureau reclassified "homekeepers" (primarily women who stayed at home to look after the household) from employed, productive workers to "dependents" and put them in the same classification as retired adults.
1. What would this kind of reclassification do to the measurement of both the employment rate and the unemployment rate (as they are currently defined), assuming no other changes in the labor force and population?
Two variable inputs, labor (L) and materials (M), are utilized to produce output. Company's current level of output: CL = $10 / unit, MPL = 25 CM = $2 / unit, MPM = 4 (!) Decide whether the firm is operating efficiently, given that its objective is t..
expected return per month risk covariance with marketasset 1 2.03 2 1.12asset 2 1.79 1 0.90asset 3 1.49 1 0.62market
1. what assumptions about preferences imply that indifference curves have the bowed-in shape they are assumed to
What sort of competition wills the EU face with other trading blocs like the Eurasian Economic Community (EurAsEC) and the South African Development Community (SADC)?
1. suppose a consumers preferences are represented by the utility function u minx4y. the price of y is py 2 and the
Explain the following terms: subsistence farming, shifting cultivation, Latifundios and minifundios. How would you define ‘land Gini'? Explain why land Gini is so much higher in Latin America, compared to Asia.
auto manufacturers must continue to improve the fuel efficiency of vehicles and at the same time reduce emissions.
Assume a monopolist faces the demand curve of and a total cost curve-What do you notice about fixed costs in this case? Determine the monopolist’s profit maximizing level of output and price, as well as the amount of profit earned.
Jim borrows $52000 from a local bank at an APR of 7.2% compounded monthly. His monthly payments are $52000(A/P, 0.6%, 54) = $1128 for a 54 month loan. If Jim makes an extra payment on the first month of each year, his repayment duration for the loan ..
Explain how banks are financial intermediaries and what are reserves? What are excess reserves? Explain how the Fed can affect the quantity of excess reserves in the banking system.
Trying to explain why a country's use of preferential duties is inconsistent with the most-favored nations (MFN) treatment of trading partners by the country.
Use technology and information resources to research economic problems and issues and write clearly and concisely about economic problems and issues using proper writing mechanics.
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