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Identify which category of unemployment each of the following persons would belong to.
(i) Rahul’s wife is transferred to the Santa Cruz branch of her bank, so he leaves his job as a teacher at Campion to try to get a job at St Elizabeth Technical.
(ii) A global economic slump reduces Caribbean tourist traffic
(iii) Digicel (cellphone company) buys out Claro Jamaica and lays off Claro’s administrative staff.
(iv) The contraction of the sugar industry idles cane cutters while the demand for IT workers remains unsatisfied.
(v) As production processes become more sophisticated, people who leave school without CXC subjects are unable to find employment.
Explain the changes in equilibrium price and quantity you expect for that market. A graph is not required; however, it is helpful and illustrative that you fully comprehend this week’s material.
The City Council in Bigtown is considering removing the monopoly rights of Bigtown Cable TV, Inc. Bigtown Cable is arguing that the competition in the cable TV market will be chaotic and result in a loss of jobs. As the staff economist for the City C..
Use the formula for price elasticity of demand to show that the students demand is more elastic than the teacher, at their respective optima,(yt,pt) for teachers and (ys,ps)for students.
A country that attempts to keep its exchange rate fixed will have a “devaluation” of its currency (or exchange rate) if persistent balance of payments deficits cause it to amass dangerous amounts of foreign exchange reserves. Would you please explain..
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Well point provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments (Bloomberg Busi..
Do you find the most important aspect of our economy that needs to be fixed is the budget deficit?
Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again, was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. Contrary to China and India, however, Japan had higher prices than the United States: the price level in Japan (conver..
q. 1. who were the three adm executives who were sentenced to prison for this little escapade? is there anything unique
A clinic focuses on three services: counseling for teens and young adults, smoking cessation, and counseling for young parents. An analyst has developed a forecast of the number of visits each group will make at different prices. Calculate the total ..
A monopolist with a straight-line demand curve finds that it can sell one unit at $7 each or seven units at $1 each. Its marginal cost is constant at $6 per unit.
Matthew's utility function implies that the marginal utility of bananas is 0.5 √X/Y and the marginal utility of ham burgers is 0.5 √Y/X. How many bananas will Matthew buy? How many ham burgers will he buy?
You are responsible for detecting the source of errors when the computer system fails. From your analysis you know that the source of error is the disk drive, computer memory, or the operating system. You know that 50% of the errors are disk drive er..
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