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Assume that a nation has a labor force of 100 people. In January, Amy, Barbara, Carine, and Denise are unemployed: in February, those four find jobs, but Evan, Francesco, George, and Horatio become unemployed. Suppose further that every month, the previous four who were unemployed find jobs and four different people become unemployed. Throughout the year, however, the same three people- Ito, Jack, and Kelley-continually remain unemployed because they lack sufficient skills to obtain jobs.
a. What is the nation's frictional unemployment rate?
b. What is its structural unemployment rate?
c. What is its unemployment rate?
Elucidate the own price elasticity for ATM fees charged to non-customers. At the current ATM fee, should you raise or lower your ATM fees.
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Economists have estimated the subsiquent transportation elasticities.
Illustarte what are the main costs of production for the good or service your organization supplies. Breakdown the costs from the largest to the smallest.
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