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The US labor force, population, and unemployment rate in January 2013 were as follows: Labor Force 155,825,000 Population 315,079,109 Unemployment rate 8.0% Based on these figures: (a) How many people were unemployed? (b) How many more jobs would be required to push the unemployment rate down to 5%? (c) According to Okun’s Law, how much would GDP have to increase in order to create enough jobs to push the unemployment rate down to 5%?
“The shopper is not expecting to develop a personal identity by choice of commodities; that would be too difficult. Shopping is agonistic, a struggle to define not what one is, but what one is not.” What does Douglas mean by this statement?
What is meant by the Consumption Possibilities of a country? How are Consumption Possibilities related to Production Possibilities in a closed economy? In an open economy?
Use the theory of ethical relativism and the Center for American Progress report to consider the recent bans on foreign law. Propose two (2) advantages and two (2) disadvantages of using foreign or international law in legal disputes. Provide a ratio..
Problem 1: In a population µy = 100 and σ2y = 43. Use the central limit theorem to answer the following question:
Canada currently is our largest export partner and third largest source of imports. In 2012, U.S. export of goods to Canada totaled $159 billion and U.S. imports from Canada totaled $176.9 billion.
illustrate what is the corresponding marginal cost function. at illustrate what o/p is AVC at its minimum.
Find the SPNE of this game. Is there an outcome of the game that both parties prefer to any SPNE? Also find a NE for which the outcome differs from any SPNE outcome.
The situation in which the long-run average cost curve exhibits economies of scale over the entire range of output is called a "natural monopoly." Explain why, in the case of a natural monopoly, it would be cost efficient to have a single firm serve ..
Alco Metals just sold 2.5million shares through an IPO offering. The shares were offered at $25.50 a share and all shares were sold. The firm received a total of $67,250,000 for this issue. What was the spread? In a recent IPO, the Sausage Co. offere..
Following a devaluation of the Greek drachma, which of the following products sold in Greece is most likely to bear a drachma price increase? IBM mainframe computer, whose only competition comes from other American computer companies.
Why has strategic management become so important today's corporations and how does strategic management typically evolve in a corporation?
Create an approach to tax research that results in credible and current resources - Analyze tax issues regarding the gift tax and the estate tax.
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