Impact of employment and unemployment in free market

Assignment Help Business Economics
Reference no: EM13859918

In this question, you will explain the impact of employment and unemployment in a free market economy. The country of France legislated the maximum length of a workweek. Because Americans tend to work more hours than Europeans, should the US government also legislate the maximum workweek? What consequences would a cap of 45 hours per week have on the US unemployment rate and on wages?

Every election season, the Affordable Care Act commonly known as OBAMACARE, becomes political folder, what do you think has been the impact of the act on society, individuals, healthcare costs, businesses and employment?

Reference no: EM13859918

Questions Cloud

Implementing program of social responsibility : The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..
Identify specific organizational skills : The HRM specialists at A&C Company took the opportunity to increase productivity and decrease manual data analysis by using their microcomputer along with a commercial database management system (DBMS) to develop a __________. Now the company can rea..
Probably inspected for hazardous conditions by personnel : When the American Telephone and Telegraph Company (AT&T) was recently building a new, multistory complex in downtown Kansas City, the work site was probably inspected for hazardous conditions by personnel from the
Competitive-unregulated market-externalities and utility : A competitive, unregulated market would. Utility is the. Externalities
Impact of employment and unemployment in free market : you will explain the impact of employment and unemployment in a free market economy. The country of France legislated the maximum length of a workweek. Because Americans tend to work more hours than Europeans, should the US government also legislate ..
Faced with business competition on a global scale : Chevron Corporation is one of the largest integrated oil companies in the world. Its management is assessing the world marketplace and taking steps to sustain the company’s competitive position. Faced with business competition on a global scale, Chev..
Business cycle in government and private sector decisions : In this discussion, you will explain the role of the business cycle in government and private sector decisions. Data on GDP and economic growth are considered lagging indicators because they report information on what is already known. Should wages a..
What is the equilibrium price and quantity of apartments : The demand for apartments is P=1200-Q while the supply is given by P=Q units. What is the slope of the supply curve? What is the P-intercept of the supply curve? What is the slope of the demand curve? What is the P-intercept of the demand curve? What..
Suppose firms benefit and cost structure : Suppose a firms benefit and cost structure is given by the following respectively B(q) = 400Q-5Q^2 C(q) = 3Q^2 what is the output level at which net benefits are maximized?

Reviews

Write a Review

Business Economics Questions & Answers

  Prescription medications

Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from the chapter in this unit such as government intervention, inefficiencies, price elasticity, etc. In the first case, assume the me..

  Difference in federal funds rate and discount rate

What is the difference between the Federal Funds Rate and the Discount Rate? Please explain the difference by providing an explanation of each rate and their purposes. Is there anything else that the Federal Reserve can do to change the supply of mon..

  Inverse demand-what is the spne for the entry game

Suppose that inverse demand is given by D(Q) = 56 − 2Q, Q = q1 + q2 and the cost function is TC(qi ) = 20qi + f (a) Find the limit output for fixed costs ( f ) equal to 50, 32, 18, and 2. (b) What is the SPNE for the entry game with the following tim..

  The elasticity of variable G with respect to variable S

The elasticity of variable G with respect to variable S is defined as:

  Elucidate what affect does a high level of inflation

How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.

  What are the key features of the consumption function

What are the key features of the consumption function? What causes consumption to rise or fall? Does the level of consumption deserve concern today?

  Salary to have the same level of purchasing power

Suppose that the price index for the years 1980 and 2010 is equal to 60.0 and 180.0, respectively. Also suppose that Maya earned an annual salary of $20,000 in 1980. Given the above, how much would Maya have to earn in 2010 in order for her salary to..

  Explain how the average rate of per capita income in south

Explain how the average rate of per capita income in south africa between 1960-1991 compered to 1991-2010.

  Compute a range of possible values for total gain

Compute a range of possible values for total gain with a Illustrate what is meant by the term 'utility,' and how does it relate to purposeful behavior.

  Find the consumer and producer surplus at the equilibrium

Find the equilibrium price and quantity. Find the consumer and producer surplus at the equilibrium. Find the socially optimal level of output of paper. How can a corrective tax bring about this equilibrium? How much revenue would the corrective tax r..

  Q1 suppose that there are crowding-out effects and the mpc

q1. suppose that there are crowding-out effects and the mpc is .9. by how much must the government increase

  About relative marginal products of nurses and robots

Suppose that hospitals use nurses (N), doctors (D) to perform surgeries (Q). The production function for surgeries is: Q = F(N;D), where F(N;D) is some function that increases in N and D. Assume that the marginal products of N and D are diminishing

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd