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Q. The following is a report from a not-very-efficient BLS survey taker: "There were 90 people in the houses I visited. Twenty of them were children which is under the age of 16, 25 people had full-time jobs, and 10 had part-time jobs. As 10 retirees, 5 full-time homemakers, 9 full-time students over age 16, and 3 people who were disabled and cannot work. Remaining group did not have jobs, except all said they would like one. 5 of this group had not looked actively for work for 3 months, however." Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
MMM expects to generate $60,000 in earnings that will be retained for reinvestment in the firm this year.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
Based on the IRS actuarial table, Mario has a life expectancy of 20 years. If Mario receives 12 monthly payments of $1000 the first year, how much taxable income must he report on his tax return.
An increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
Which of the government policies below is not likely to encourage per capita economic growth.
Relative to Tom, does Dick require more bananas, less bananas, or the same number of bananas to give away an apple.
When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra.
How do the GDP per capita change after accounting for price indices. Why is it important to use price index adjustments.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
Each station's objective is to maximize its viewing audience, in order to maximize the station advertising revenue.
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