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Problem: Discuss the importance of services to the economy. The service sector plays a crucial role in the U.S. economy, employing more than 80 percent of the workforce and accounting for a similar percentage of the gross domestic product.
Question: To keep track of how service employment is affecting the U.S. economy. Look at the right sidebar, which gives the latest numbers for Business Employment Dynamics. What trends to you see? Do the numbers support the information from the chapter?
What happens to domestic output and the domestic interest rate? Is it possible that a government that was previ- ously committed to a fixed exchange rate might abandon it when faced with a fear of depreciation?
Margie has just attended the funeral of her son William, who died this week after several years of poor life quality in the same nursing facility. William's first stroke happened 3 years prior; two more strokes followed, and he lingered in poor he..
Shutdown decision of the food manufacturer The production function of a typical food manufacturer has been estimated to be.
Use Euler's method to approximate the solution of the differential equation y' = (1 + y)/(1 - y) with any initial condition y(0) -:: 1. What happens here?
Why would a chain such as Marriott tend to own its hotels in resort areas, such as national parks, where there is little repeat business, and franchise hotels in down-town areas, where there is a lot of repeat business.
In the 1990s, Pfizer, Inc., developed a new antibiotic called Trovan (trovafloxacin mesylate). Tests showed that in animals Trovan had life-threatening side effects, including joint disease, abnormal cartilage growth, liver damage and a degenerati..
To what extent is investment in education a necessary condition for economic development? What is meant by the complementarities between investment in physical and human capital? Why are these important?
What are the three functions of money and Which function is the defining characteristic and how is the discount rate different from the federal funds rate?
Construct a scatterplot using y = calories and x = fat. Does it look like there is a relationship between fat and calories? Is the relationship what you expected? Explain.
1. In the US, the wage-skills relationship in the labor market before government intervention is wus=100+0.4s, where s is the number of "efficiency units of skill" and w is the weekly wage. In Canada, the wage-skills relationship is WC=250 + 0...
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
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