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The unemployment rate of western states is 5.2%, for eastern states it is 5.8%, for southern states it is 5.5%, and for Midwestern states it is 5.9%. The western states comprise 12% of the labor force, the eastern states comprise 21% of the labor force, the southern states comprise 30% of the labor force, and the midwestern states comprise the remainder of the labor force. Find the unemployment rate for the nation. (please round your answer to 2 decimal places)
What will be the monthly payment on a 30-year, $250,000 mortgage loan, where the interest rate is 6% per year, compounded monthly? How much interest is paid over the life of the loan?
When traveling to other countries for business, it is important to know the male/female roles in each country. Not knowing these roles could cause problems in discussions and negotiations. If you were traveling to Saudi Arabia, New Zealand, Brazil, T..
How long will it take, in months, to pay off the balance, if the cardholder continues to make payments of $110.25 per month and adds no other charges to the card?
Consider a situation of price competition between two firms. Both firms have the same unit costs of c = 20. First assume firms choose their price simultaneously. Explain precisely whether (PA = 25, PB = 24.99) is a Nash Equilibrium in this game.
Josh is graduating at the end of the academic year with a BS degree in engineering. He already had an offer with a good company for $58,000. He has learned that those who continue along a technical path in the company typically receive increases of 6..
How would you elucidate the impact of each of the following events on a production possibilities curve for factory and farm goods (you don't need to draw a graph, just describe what would change).
Currently, the economy's aggregate output demanded is $100 billion. The government thinks that is is too small, so it wants to increase it by implementing expansionary fiscal policies. It decides to reduce taxes by $10 billion with this goal in mind...
You have narrowed your choice of which refrigerator to purchase down to two choices. Both are used, and both will last two years. The difference between them is in the annual electricity consumption.
Illustrate what variables other than cost appear to have the biggest impact on the demand products
Assume that the inflation rates in 2010, 2011, and 2012 were 1%, 2%, and 3% respectively. During the same periods, nominal interest rates were 5%, 5%, and 6%, respectively. What are the ex-post real interest rates in 2010, 2011, and 2012?
Which of the following is the proper value to use as the " first cost" of the defender in a replacement analysis? Which of the following is a replacement repeatability assumption? When conducting a replacement analysis, which of the following equals..
Economic theory unambiguously predicts that total employment will be reduced when an effective minimum wage law is introduced:
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