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Consider the economy whose data appear in the table below. Working-age population 100,000 Labor force 80,000 Unemployed 12,000 Instructions: Round your answers to one decimal place. a. The unemployment rate is %. b. The labor-force participation rate is %.
Resource demand curves slope downward because?
Decrease will have on the desired proportions of capital and labor used in producing the given level of output at minimum total cost.
Paul and his friend Tori make decorative art out of silver spoons. They want to start a business that they can easily dissolve when they move on to their next project. Which of these will suit their needs best?
What happens if the price floor is above the equilibrium? and what happens when price ceiling is below the equilibrium?
Which of the following factors reduces the need for government involvement in the marketplace?
Which of the following would NOT produce an outward shift of the production possibilities curve?
Purchasing power parity and the law of one price are two related concepts. Explain what is meant by the law of one price. Also explain why a person or nation could profit if this law does not hold. Offer three reasons why the law of one price might n..
One of the most serious problems in business forecasting is
The consumption of both x1 also x2. Label income also substitution effects for both goods. Illustrate what is the implication of product differentiation in defining market structure.
The manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months
A local newspaper headline blared: “Jim Smith signed for $10 Million.” A reading of the article revealed that on April 1, 1997, Jim Smith, a junior hockey scoring sensation, signed a $10 million package with the Toronto Maple Leafs.
Explain in terms your parents would understand how mandating employer-paid insurance is likely to lead to a permanent loss of jobs for low-paid workers
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