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In July 2009, in the economy of Sandy Island, 10,000 people were employed, 1,000 were unemployed, and 5,000 were not in the labor force. During August 2009. 80 people lost their Jobs and didn't look for f new ones, 20 people quit their jobs and retired, 150 unemployed people were hired, 50 people quit the labor force,and 40 people entered the labor force to look for work. Calculate for July 2009
a. The unemployment rate.
b. The employment to population ratio and calculate for the end ofAugust 2009
c. The number of people unemployed.
d. The number of people employed.
e. The unemployment rate.
Identify also describe three trade restrictions. In your opinion, which method of restricting trade is the most efficient.
Assume that a price support system for cotton requires the federal government to pay farmers $3,000 for each acre to not plant cotton. How would you shift either the supply or demand curve for cotton to describe the effect of this action? In your a..
Use the following data for a pure monopoly to calculate the firm's-its profit-maximizing output level and produce price;
You are trying to decide whether to buy some laptop computers for your business in either Canada or in United States. Looking at identical machines on the Dell Canada and the Dell US web sites, you find that they sell for US $2000 (US dollars) in ..
At which level of initial wealth will he be indifferent among taking on the risk of getting no income and buying the insurance that removes the risk.
Illustrate what assumptions is the theory based, and how plausible are these assumptions.
Illustrate what is the reserve ratio if the bank has $160 million worth of checking deposits, $32 million worth of reserves in deposits at its federal reserve district bank, and $8million worth of reserves in vault cash.
What is the difference between the real interest rate and the nominal interest rate? How would not knowing the difference effect perceptions of the economy and affect people's decisions?
Explain why did the Fed begin to raise interest rates at a point in the economic recovery with concerns over terrorism and rising energy prices causing great uncertainty.
Provide two terms which you have heard in the mass media, political arena, or in any other venue.
Elucidate your answer also describe terms relevant to elasticity used in your explanation.
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
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