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1. Define unemployment. Who do you call unemployed? Give an example for Frictional, seasonal, structural, and cyclical unemployment
2. Explain how inflation affects a persons personal life.
Suppose a freeze in Florida wipes out 20% of the apple crop. How will this affect the equilibrium price and quantity of pear? Assume that the apple and pear are substitute to each other.
After analyzing the cost savings of both India also China manufacture our GPS product and your explanations.
Describe the subsidy program and explain what spillovers are generated from the subsidy. Explain how both consumer and producer surplus will be affected by the subsidy. Will they increase or decrease?
What is the effect of increasing the federal minimum wage gradually to $15-per-hour by 2020 ? would it substantially increase aggregate output in the US economy?
Suppose that the company is a price taker and the market price is $10. How many units will each plant produce?
Analyze the specific actions that the leadership of the selected country has taken, through the use of its foreign aid from donor nations and international lending institutions, to relieve the severe problems caused by warfare.
At the end of October, year 1, Specialty Training, an accrual-basis, calendar-year taxpayer, was hired by Dunbar Company to provide a six-week training program for its employees. Specialty was paid its full training fee of $30,000 on the first day of..
Explain how are the Bank of Canada's transactions in the foreign exchange market from part (a) reflected in the balance of payments account.
Explain whether the following government activities is motivated by a concern about equality or a concern about efficiency. In the case of efficiency, discuss the type of market failure involved- regulating cable TV prices.
The incentive for the managers of a government-operated firm (for example, a state university) to promote internal efficiency and keep costs low will be
Elucidate recommendation should be provided to each state to maximize revenue. Which state was most likely to be following a political unsupportable policy.
The demand for a product can change due to manyfactors. Distinguish between a change in demand and a change inquantity demanded. What are the determinants of demand What arethe determinants of supply
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