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1) Why is the level of Investment unstable?
2) There are 6 million unemployed and the labour force is 107 million. What is the unemployment rate? What will the unemployment rate be if the unemployed increases to 7 million and 3 million individuals become discouraged workers?
Characterize each of the following statements as true or false, and explain your answer.
If your payroll (budget) is increased to $120,000, what should you do to maximize the number of customers served?
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
Suppose a frost kills a large portion of an orange crop, with a resulting higher price of oranges. It has been said that such an increase in price benefits no one since it cannot elicit a supply response; the higher price, it is said, simply "line..
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
Consider a product with a supply function Q 1 = β 0 + β 1 + u 1, a demand function Q d i =y 0 +u i d . Show that P i and u s d are correlated.
Compare and contrast the monopolist and the monopolistic firm Monopolistic competition is an inefficient form of organisation. Discuss
Assume a 2 sector economy (where the two sectors are consumption and investment) where C= $100+ 0.9 Y and I=$50
Recently, a troubled bank borrowed $800 million from the Federal Reserve. Describe the impact this event had on the monetary base.
Give at least three explanations of why economic reasoning would argue that this is to be expected.
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
Suppose that in the market for comic book illustrators the substitution effect dominates the income effect While visiting Comic Con.
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