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Suppose that the U.S. noninstitutional adult population is 206 million and the labor force participation rate is 67%.
a. What us the size of the labor force?
b. If 72 million out of the 206 million adults are not working, what is the unemployment rate? [Hint: First find the “not in the labor force” and “unemployed” numbers.]
Which of the following statements is correct about the optimal time of tree harvest problem?
With respect to three goods- ice cream, green tea, and digital cameras, what does it mean when your preference for, and satisfaction gained from, these three goods are consistent with the assumptions of completeness, transitivity, and (What I call) t..
Consider the following game. There are two players, 1 and 2. They will play either Matching Quarters version A (with player 1 moving first), Modified Matching Quarters version A (where player 2 moves first), or Matching Quarters version B (where both..
What is a consequence of recognition that many mental diseases have biological roots? Mental health problems are often intertwined with other social problems, such as alcohol and drug abuse. Which of the following diseases has substantially increased..
Suppose the economy is in equilibrium when there is a change in environmental policy that bans all pesticides and herbicides on farmland. We would expect to observe
A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 75 +6x. This implies that if advertising is $800, then the predicted amount of sales (in dollars) is:
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
Modelling the Relationships between Electricity Consumption, Financial Development, and Economic Growth in Nigeria from 1980 - 2015
A paint firm has just announced that it will be building a new plant in a small town that is currently experiencing a high level of unemployment. The new plant will create 500 new jobs in the area and will occupy unused land at the edge of town.
US imports oil at the world price, $35 per barrel. The domestic supply curve in barrels per day is S = 3500000 + 350000P with P in dollars. Domestic demand curve is D = 60,000,000 - 500000P. Draw the US demand and supply curves for oil and indicate h..
If the price of an airline ticket from SFO to LAS were to increase by 20%, from $250 to $300 roundtrip, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Triple Sevens.
Treasury bonds with the same maturity are yielding 4.7% per year, and the real risk-free rate (r*) is 2.05%. The average inflation premium is 2.25%, and the maturity risk premium is estimated to be 0.1(t - 1)%, where t = number of years to maturity. ..
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