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Discuss and contrast how your Metropolitan Area and State employment and unemployment rates compared to the Rest of the U.S. by briefly summarizing the information within these categories. Such as, identifying the civilian labor force and unemployment rates, or unemployment rates significantly different from that of the U.S., or reviewing the charts at the end-of-the reports to determine where it might be easier to find a job.
Explain how the Laws of Supply and Demand are illustrated in this graph. Assume that the government imposes a price floor of $12 in the E-Book market. Explain what would happen in this market.
united states has absolute advantage over many countries in production of most goods and services. yet the country is
If the government imposes consumption tax on the good that raised prices by $1, by how much will the consumer's surplus change? Show the relationship between EV, CV, and consumer surplus using compensated and uncompensated demand curves. If you your..
A coin was flipped 60 times and came up heads 36 times. Suppose you test whether the proportion of heads is greater than 0.50 at a 10% level of significance. What is your conclusion?
Briefly write and explain Friedman's methodology of "Positive Economics". Do you think the discrimination of economics as "normative" and "positive" is a logical move in building theory?
A country has the per-worker production function, y=5k^1/2, where y is the output per worker and k is the capital- labor ratio. The depreciation rate is 0.15 and the population growth rate is 0.05. The saving function s=..
Many prices, including wages, would not be reduced even when aggregate demand decreased.
What does it mean for a country to be in economic recession.
Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm?
Define what is a market structure with only a handful of competitors selling products that are either similar or different. Barriers to entry are typically high.
What is the "current macroeconomic situation" in the U.S. as of 2013 (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
Allied Box offers mail order storage containers for fine china producers. The firm is low-cost provider of these boxes with fixed cost of $480,000 per year,
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