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-Today the United States has unemployed people who began as cyclically unemployed during the recession but have since become structurally unemployed because their skills have become obsolete. How important is the idea of remaining up-to-date on training and skills in the work force? Is there a certain industry that requires skills to be current?
-According to the article "What Does GDP Really Tell Us About Economic Growth," located in Topic Materials, Khan discusses the pitfalls of GDP. Describe how these pitfalls have affected the overall economic status of a country. Conduct research to find an example of a country that has been affected by the pitfalls of GDP and describe the circumstances surrounding the country's position.
The Euro zone fell into deflation in October (see Chart): prices fell by 0,2 % . Italy has experienced deflation for a few months. Unemployment in Italy is over 13% with youth unemployment 43.9% Contractionary policies in Italy have led to a fall in ..
When price p is above a price taking firm’s SAC, the price taking firm profits may be negative but it will choose to continue producing as long as variable cost are covered. When price p is above a price taking firm’s SAVC, but below its SAC, the pri..
The maintenance costs associated with a machine are 52,000 per year for the first ten years, and $1,000 per year thereafter. The machine has an infinite life. If interest is 10%, what is the present worth of the annual disbursements?
Vergas Enterprises wishes to determine the economic order quantity (EOQ) for a critical and expensive inventory item that it uses in large amounts at a relatively constant rate throughout the year. What is the firm's total cost based upon the EOQ c..
Long-Run Labor Demand and Factor Substitutability. Draw the isoquant that corresponds to that level of production where L on horizontal axis and K on the vertical axis. Is this isoquant convex (bowed toward the origin) ? By looking at your graph, de..
Robert has a passion for making ice cream. Assume that ice cream parlors have a monopolistic competition market structure. Between the local Amy\'s, Cold Stone Creamery, Marble Slab, Ben & Jerry\'s and Baskin Robbins, he has an uphill battle to break..
A $200,000 bond having a bond rate of 7% payable annually is purchased for $188,000 and kept for 5 years, at which time it is sold. How much should it sell for in order to yield a 9% effective annual return on the investment?
Converse the latest equilibrium price also quantity to result from these changes.
Understand why depositing cash on a checking account does not affect money supply immediately. Understand why when a commercial bank buys government securities from its clients, new money is being created? Understand why when Fed buys government secu..
Last year Jamison had EVA® net income of $200,000, cost of capital of 10 percent, and EVA® capital of $750,000. Determine the firm's economic value added.
Discuss examples from economic theory that would be estimated using the methods of simultaneous equation models.
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