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There are some subsidy features to unemployment insurance, primarily for jobs that are unattractive or that offer seasonal or unstable employment. Without this subsidy, paid mainly by the government, many unskilled jobs would go begging.
A: Explain how unemployment insurance subsidizes certain kinds of jobs.
B: What do you think would happen to wages paid for these jobs if unemployment insurance ceased to exit?
Suppose there is a simultaneous increase in the demand for diamonds and increase in the supply of diamonds. Which of the following will occur as a result of these simultaneous events?
What will be the immediate impact on wages in each of the regions in the short run (before any migration between the North and the South occurs)?
Pick a good or service. Distinguish between the short-run and the long-run production and cost function for that good or service. Discuss how price plays a role in short-run and the long-run decisions and how managers are likely to respond in each..
The perfectly competitive company takes the equilibrium value set through the market and maximizes profit through manufacturing where price, which also equals marginal revenue, is equal to marginal cost.
In your own words, describe the law of demand through the income and substitution effects, using a price increase as a point of departure for your discussion.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope.
Many demographers predict that the United States will have zero population in the 21st century in contrast to average population growth of about 1 percent per year in the 20th century. Use the Solow model to forecast the effect.
General Electric has frequently placed managers together to work on teams. Often the work project is only for a short period of time.
b. What is the Economic profit or loss you are making? c. What output level is the minimum point for Average Total Costs (ATC)? d. What output level, Q, and price/trip, P, will economic profits be zero? Note
Determine the equilibrium price and quantity and explain its meaning to your chosen company. Indicate how your chosen company's management should use this information to make sound strategic decisions.
Which of the following statements is false a. Natural monopolies do not need to be regulated because they naturally behave to benefit society. b. Oligopoly markets require firms to behave strategically. c. Monopolistic competition produces with exces..
what is the most important factor leading to rising health care costs in the united states since 1980?athe increased
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