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The Bureau of Labor Statistics announced that in February 2008, of all adult Americans, 145, 999,000 were employed, 7,381,000 were unemployed, and 79,436,000 were not in the labor force. Use this information to calculate:
a. The adult populationb. The labor forcec. The labor-force participation rated. The unemployment rate
Suppose you are running a photo copy center that makes illegal copies of the textbook. An illegal copy of the book sells for $10 and you only have one copy machine.
Elucidate why a decrease in aggregate demand results in a lower level of employment, given a fixed aggregate supply.
Assume all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on the size of the federal deficit.
The Wozniak Corporation, a maker of aircraft engines, determines that in 2008 the demand curve for its product is as follows-What is the price elasticity of demand if price equals $500?
What is the difference among a positive and a normative statement. Why do economists sometimes offer conflicting advice to policymakers.
Illustrate what is the arc cross elasticity of demand among Future Flight's and Soaring Free's frisbees
Explain how would you decide also what was the best level of emission reduction. Why do you think your approach would be better than others.
Discuss the limitations of this model as an explanation of the effects of government expenditure on GDP.
For a perfectly competitive firm the price is $2 per unit. At this price the firm is producing and selling 10,000 units. It costs $1.50 to produce the last unit. Should the firm produce more? Less? Why?
An rise in a firms expected growth rate would normally cause the firms required rate of return. which of the following statements is most correct.
Explain how much will your company's total revenues revenues from both products change if you increase the price of good X by 1 percent.
It is given an offer to split, if you accept this offer you keep the $1, and the other player keeps $19.
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