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In recent years, the U.S. labor force has experienceda. an increase in the percentage of manufacturing workersb. an increase in the percentage of older workersc. an increase in the percentage of femalesd. an increase in the percentage of unskilled workers
The Employment Act of 1946, passed by the U.S. Congress after World War II,a. made the Federal Reserve responsible for achieving and maintaining full employmentb. identified specific behavior and targets for the conduct of U.S. foreign aidc. set the goals for the U.S. economy as 4 percent unemployment and 3 percent inflationd. made the U.S. government responsible for achieving and maintaining full employment
Since 1970, U.S. union membership hasa. increased as a percentage of the labor forceb. declined as a percentage of the labor forcec. remained stable as a percentage of the labor forced. become more restrictive
Assume that more firms receive permission to drill for oil in Alaska and United States controlled waters. In addition, suppose that the popularity of SUVs declines in favor of smaller, more fuel efficient automobiles.
Assume your boss purchase out every single pizza store in the US. Your cost-demand conditions are as follows: profit maximizing quantity - 60 pizzas; price - 20$ per piece;
A purely competitive firm's output is such that its marginal cost is $4 and marginal revenue is $5. Hint: remember that MR = P for Pure Competition and the Profit Maximizing rule. Assuming profit maximization, the firm should
On the other hand, you might also analyze in detail the effects of higher unemployment among a business cycle downturn.
The monopolist’s demand function is P = $405 - $5Q, its average cost function is AVC = $20+$0.5Q, and its fixed costs are $6,000 per hour. Calculate the monopolist’s profit maximization output, price and its hourly profit. Calculate the elasticity of..
What is the difference between gross private domestic in- vestment and net private domestic investment If you were to determine net domestic product (NDP) through the ex- penditures approach, which of these two measures of investment spending woul..
ACME Corporation consists of 250 grocery stores throughout the Midwest. At the starting of 2008 its statement of net worth showed the following data,
Abby consumes only apples. In year 1, red apples cost $1 each, green apples cost $2 each, and Abby buys only 10 red apples. In year 2, red apples cost $2, green apple costs $1, and Abby buys only 10 green apples.
Elucidate your answers in terms of the market for lawyers fully explaining what changes will occur to demand, supply, quantity demanded, quantity supplied, and equilibrium price for lawyers
Discuss some of the damaging effects deflation has on an economy and what would be a monetary policy prescription to decrease or eliminate deflation?
Academic response to Required Rate of return. Calculate the required rate of return.
Two companies produce the same product. The firm's each determine their own output and the combined output of the two is sold at the market price.
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