Labor is a resource that needs to be used efficiently

Assignment Help Business Economics
Reference no: EM131173868

Given that labor is a resource that needs to be used efficiently, what responsibility do you feel the government has in decreasing unemployment? Does the negative relationship between inflation and unemployment have any impact on your decision? Please explain. 

Reference no: EM131173868

Questions Cloud

Might boost to aggregate demand create demand-pull inflation : The United States is planning to push Europe toward new and more aggressive efforts to boost aggregate demand given a renewed risk of deflation in the eruo zone. Explain the process by which deflation occurs. How might Europe boost its aggregate dema..
Calculate the equilibrium price and quantity : Calculate the equilibrium price and quantity. Assume that a price ceiling of $7 is appied to this market. What is the deadweight loss (loss of social welfare) that results in the interruption of market mechanism? Calculate the dollar amount. Draw a g..
Find the effective gross hourly cost : A tool and die worker is paid $26.50 per hour. The work year consists of 52 40-hour weeks with overtime schedules for 26 Saturdays. The company allows 8 paid holidays and 10 days of vacation. Four days of sick leave are budgeted and have historically..
Suppose economy produces only food and housing : Suppose an economy produces only food and housing. Draw and explain the characteristics of its production possibilities curve. Show and explain the impact on the curve of a new technology that improves food production only; a new invention that impro..
Labor is a resource that needs to be used efficiently : Given that labor is a resource that needs to be used efficiently, what responsibility do you feel the government has in decreasing unemployment? Does the negative relationship between inflation and unemployment have any impact on your decision? Pleas..
Economic advisor to the treasury : You are an economic advisor to the Treasury of the United States. Congress is considering increasing the sales tax on gasoline by $.03 per gallon. Last year motorists purchased 10 million gallons of gas per month. The demand curve is such that every ..
The projected population growth : The projected population growth for Country A from the year 2000 to the year 2100, based on a 3.5% growth rate, will cause the population to rise from 30 million to 960 million. Assume Country A is approximately the size of Nebraska, Kansas and Oklah..
Market for plastic toothpicks most closely resembles : Pic Inc. produces plastic toothpicks that it sells to distributors in the Southwest. Assuming that the market for plastic toothpicks most closely resembles that of perfect competition and that other firms in the industry do not experience similar cos..
Owning the market : In the lesson presented by Sal on Oligopolies and Monopolistic Competition he creates a two dimensional grid of the market types based on number of competitors and degree of product differentiation. Make sure you view this lesson. Now apply the lesso..

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what happens to economic output and inflation

illustrate what happens to economic output and inflation and explain why these changes take place.

  Illustrate what will happen to number of industries

Prevailing market cost is $15. Illustrate what will happen to number of industries in industry and to industry's output in long run.

  Consider the effects of such a policy on the labor market

Policymakers sometimes propose laws requiring firms to give workers certain fringe benefits, such as health insurance or paid parental leave. Let's consider the effects of such a policy on the labor market. Why might the labor-supply surve shift in r..

  Price elasticity of demand for firms product is equal

The price elasticity of demand for a firm's product is equal to -1.8. The firm currently sells 4,000 units per day at a price of $2. If the firm increases its product price by 10%, then it can expect to sell approximately

  Inflation rate is expected to significantly increase

Consider a situation in which the Brazilian inflation rate is expected to significantly increase. Assess the impact on the nominal interest rate in Brazil and the value of its currency. If the International Fisher Effect holds, how will higher inflat..

  What is the price elasticity of demand between the price

On Tuesday, price and quantity demanded are $7 and 120 units respectively. Ten days later, price and quantity demanded are $6 and 150 units, respectively. What is the price elasticity of demand between the price of $7 and the price of $6?

  Suppose there is an increase in the price of steel

Suppose there is an increase in the price of steel. We would expect the supply curve for steel beams to:

  Under consideration for a tapered fastening pin

Two alternative designs are under consideration for a tapered fastening pin. The fastening pins are sold for $0.70 each. Either design will serve equally well and will involve the same material and manufacturing cost except for the lathe and drill op..

  What is her net demand of apples and oranges respectively

Alice, living in Columbus, consumes apples and oranges and nothing else. Let us denote Apples by A and Oranges by O. Let PA denote the price of apples and PO denote the price of Oranges. Alice’s is born with 60 Apples and 30 Oranges. PA = 5 and PO = ..

  Find the employment rate

In year 2013, the population of island I is 210, 000 people, of which 150,000 are aged 16 or older. Of this 150,000 people, 100,000 have jobs (50,000 do not). 30,000 are separated but actively seeking employment and there are 20, 000 who have given u..

  Interact with state programs that address carbon pollution

How can government measure how much carbon is produced and is it possible to evasion carbon tax? How should the carbon fee program interact with state programs that address carbon pollution? Can cap and trade can reduce in co2 emission in the long ru..

  A historical analysis of urban planning in the united states

A clear thesis statement An annotated bibliography for at least 10 scholarly or professional journal articles A summary that expresses the overall plan of the paper, including subtitles and topic sentences for each subtitle provided.

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