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Compare Country Alpha with Country Omega. Which country would you expect to have a higher unemployment rate in each of the following situations?
a. Alpha has a larger share of its population under age 25; Omega has a larger share of its population between the ages of 25–54, men or women
b. Residents of Alpha tend to have a higher education level than residents of Omega.
c. Alpha recently had an unexpected surge of labor productivity.
d. Residents of Omega are happy to move around the country for jobs, but residents of Alpha prefer to stay put.
e. Alpha and Omega have in the past provided unemployment benefits for an unlimited amount of time, but now Alpha sets a six-month limit for receiving such benefits.
quinns video shop has provided you with cross-sectional expenditures data from thirty randomly selected customers data
Deer have become increasingly apparent in a rural county. Last year it was estimated that there were 40 breeding pairs (a deer must reach the age of 1 to breed). Do you think it is likely that the deer population in the county is increasing? Will the..
first-time homebuyers creditin 2009 as well as 2010 the us government instituted a program where all first-time
Use the same number as in problem number 3 except that now assumes there are 6,000. What is the value of 1 statistical life? 4. Use the same number as in problem number 3 except that now assumes there are 6,000. What is the value of 1 statistical lif..
Suppose the United States sets a limit on the number of tons of sugar that can be imported each year. This is an example of a(n )?
Which of the following is the best definition of money? 1) anything generally accepted as a payment for goods or repayment of debt 2) anything that is a liability of the federal government 3) anything that is a liability of a commercial bank 4) coins..
Assume Hailey's Utility Function is U = x^2 y . The price of X is $8 per unit and the price of Y is $2 per unit. Her income is currently $240 / month. Determine her utility maximizing quantities of x and y. Suppose the price of X goes down to $4 per ..
How does elasticity of supply affect the loss of economic surplus caused by a price ceiling?
The price elasticity of demand for urban transit fares has been estimated to lie between -0.1 and -0.6. Based on these results, give an economic argument for raising transit fares. What political arguments might local governments and transit authorit..
Find the amount of consumer surplus(CS) for a linear demand P = 20 - 2x, when (i) P = 0 and (ii) P =10 What is the maximum and the minimum amount of CS a consumer can have for this demand and at what prices?
Elucidate how on your diagram also calculate the profit maximizing output also price. Calculate the consumer surplus at the profit maximizing price also quantity.
An expansionary fiscal policy at home (reduce taxes and/or raise public expenditures) will, other things equal, lead to an (a) appreciation, or (b) depreciation of the country’s real exchange rate. Mark the correct answer and explain it.
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