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Problem
1. Calculate labor force participation rate in an economy with an adult population of 100, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired.
2. Calculate a) labor force, b) labor force participation rate, and c) unemployment rate if the population of a country is 380 million people out which 92 million are under the age of 16, 58 million don't want to work and 20 million are looking for work.
3. Calculate the inflation rate in 2005 if the index number in 2005 was 120 and the index number in 2004 was 135.
there are 20000 people in a population. the government is considering a project which will cost 1000000 annually to add
The Case in Point on Externalities, Cigarettes, and Smoking suggests that smokers generate: a-external benefits to society by dying early, thereby subsidizing the retirement costs of the rest of the population. b-external costs to society by dying ea..
Determine the optimal level of pollution with fixed technology and with variable technology - government set the price above the optimal level
a. How many different possible dial combinations are there for this lock b. What is the probability that if you randomly select a posi- tion on each dial, you will be able to open the bank vault c. Explain why "dial combinations" are not mathematical..
Is the market a mature one or a growing one? What is your opinion about the future market structure?
around the world commodities are bought and sold on exchanges markets organized in a specific location where buyers and
1. why does rent control result in a shortage of rental units.2. how does price elasticity of demand affect how much of
The effect on the money supply, interest rate, and GDP.
assume now that people talk about the movies they watch and therefore the willingness to pay for a particular movie is
If the federal government were to run a budget deficit, this would:
What is the definition of opportunity cost? Give an example. Compare the difference between Change in Demand and Change in Quantity demanded.
Provide an example of an airline or aviation firm trying to take advantage of economies of scale. Do you think they are/were successful? In what way?
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