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1. What is the difference between "out of the workforce" and "Unemployed"?
2. If the number of employed people is 10 million, the number of unemployed people is 2 million, and the total adult population is 18 million, what is:
- The unemployment rate?
- The labor force participation rate?
3. What happens to the unemployment rate when an unemployed person stops looking for work and is no longer in the work force?
4. Is all unemployment bad? Why or why not (answer in 2 sentences or so).
Presume there is $100 million of cash in existence with $40 million of it held in bank vaults as reserves. If the required reserve to checking deposit ratio is 25 percent, how large will the money supply be if banks hold no excess reserves?
law and the court system the law firm for which you work is in the state of louisiana and is in the process of
consider a market of mp3 players. list one or two events related with this market which will cause the following
a. Which country has an absolute advantage in the production of fruit? Which country has an absolute advantage in the production of timber? b. Which country has a comparative advantage in the production of fruit? Of timber?
2. The purpose of this exercise is to acquaint you with some simple mathematical relationships and how they translate into graph. Economic models can come under the form of equation such as Y=F(L), Y is depandent variable, L is indepandent variable, ..
Explain how this tax or subsidy would achieve the socially efficient level of output. Among the various interested parties - the monopoly firm, the monopoly's consumers, and other taxpayers - who would support the policy and who would oppose it?
Draw a graph in the income-leisure time space showing a wage increase that leads an individual from one interior solution to another. Identify clearly on your graph the income and substitution effects on hours worked of the wage increase, as well ..
grocery stores and gasoline stations in a large city would appear to be examples of competitive markets there are
Pham can work as many or as few hours as she wants at the college bookstore for $9 per hour. But due to her hectic schedule, she has just 15 hours per week that she can spend working at either the bookstore or at other potential jobs
Employ the Internet or other resources to find out an article relevant to activity-based costing (ABC), job costing, or process costing. Make a 125-word executive summary of your article.
Mr. Smith is president of a firm that is the industry price leader; that is, it sets the price and other firms sell all they want at that price. The other firms act as perfect competitors.
Draw a production possibilities frontier and label points as inefficient, efficient, feasible, or infeasible, and display a change in resources or technology.
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