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The unemployment rate is declining in the USA; it is around 5%. But many people complain about underemployment, which means that they want to work full time, but they can find only a part-time job. Some economists claim that the public sector (federal and state government intervention) should hire more employees so that they can lower underemployment more quickly? Some economists argue that the private sector can create more jobs in the future; there is no help needed from the public sector. The main concern of the second group is that the expenses of new employees in the public sector can increase already high public debt even further. Which view do you support? Why?
Explain briefly the system of system of the Balance of Payments Accounting for a country, including an explanation of the current account, the capital account, and the financial account.
What is the equilibrium price when the equilibrium quantity demanded in the market is 60 units? Calculate the demand elasticity (using the averaging formula) when the price drops by $1 from that equilibrium.
If a currency can be worth too little (e.g. needing $10,000,000,000 to buy a loaf of bread) and worth too much (e.g. being able to buy a loaf of bread for $0.00001), why isn't there an "ideal value" (a point, range, or a shifting set of priorities ba..
Why does government mandate individuals to purchase their own insurance in some cases such as automobile liability insurance but directly provide insurance to people in or situations such as health insurance.
q.jennas boss has decided to pay her a one-time bonus of 5000. she decides to save the money until she retires 4 years
What is "segmentation by purpose of travel"? How can it help in the analysis of tourism? What is "psychographic" segmentation? How does it help in the analysis of tourism?
In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys.
A nation benefits from international trade if it:
North Western Manufacturing has the production function Q = min{0.25K, 0.5L}, where K is units of capital and L is hours of labour. Without any warning, the price of capital doubles. What should North Western Manufacturing do in response? Explain. If..
__________, a term referring to the fact that for many good, as the level of production increases, the average cost of producing each individual unit declines. Which of the following best characterizes the circular flow of income? “if I didn’t have c..
Which of the following is an obstacle to economic growth? According to the text, as compared to rich countries, most of the poor countries do not fare well because:
During the construction of a highway bypass, earthmoving equipment costing $40,000 was purchased for use in transporting fill from the borrow pit. At the end of the 4 year project, the equipment will be sold for $20,000. The schedule for moving fill ..
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