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Describe how the following situation illustrates one or more of the 10 principles of economics?
The first week in April, based on March data, economists made a prediction that there would be a robust growth in the United States Economy. During the first quarter, new jobs were created, wages increased by 2.4%, auto sales were up and the National Institute of Supply Management manufacturing index had turned positive.
Construction firms, likely aided by a warmer winter contributed to many of these newly created jobs. Retailers and healthcare providers were also contributors. There was an increase in the workforce, as more Americans were actively seeking work. Some states have approved measures to increase their minimum wages.
Jobs were cut in manufacturing. The mining industry, including the oil and gas drilling sectors, has cut jobs. This was due to a weak demand for coal and low oil prices.
Consider two competitive economies that have the same quantities of labor (L = 400) and capital (K = 400), and the same technology (A = 100). The economies of the countries are explained by the following Cobb–Douglas production functions:In which eco..
"Since consumers' tastes are changing so rapidly, there is no reason to expect that statistical demand estimates derived from historical data will be accurate in the future." Critically evaulate this statement in light of your knowledge of statist..
5.1 Know about and analyze the "great migration" of African-Americans from the south to the north to obtain better employment prospects in the 20th Century; 5.2 Appreciate and know how to analyze the role of immigration and the immigrant experience ..
Compute the expected return on these assets and their standard deviations Comment on which of the two assets should be more valuable.
write a 3 to 4 page apa-formatted paper in which you address the questions below. use at least three cited references
What is the history of inflation in the US in the last 10 years, with particular emphasis on the on the great recession and the recovery?
Ethical issues that impact the company's decisions.
Who is hurt and who benefits from each of the two types of inflation What is the impact that inflation has on our income List and describe two examples of when inflation may be understated as a result of how the CPI is measured.
Manage a plant that mass produces engines by teams of workers using assembly machines.
Long-run real interest rates are expected to increase. An accountant and an MBA student (who just finished his course of Managerial Economics) where interviewed regarding the effect on the firm they both work at. Keeping all else constant, their answ..
An investor bought a one-acre lot on the outskirts of a city for $9000 cash. Each year she paid $80 of property taxes. At the end of 4 years, she sold the lot for a net value of $15,000. What rate of return did she receive on her investment?
What general economic reasons might there be for a hospital merger to generate an increase in total profit? Would the hospitals' customers be likely to benefit from the merger? Under what circumstances? Explain carefully.
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