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For each case below, please state if the person mentioned is unemployed for Frictional, Structural, or Cyclical reasons. Please state your reasoning for each answer.
(a) Pak left his old job to go back to school and get his Master’s Degree, and now he is back in the job market looking for work.
(b) Sue just lost her job as a sales clerk at Macys due to low sales.
(c) John lost his job at the steel mill after the owner bought a robot to do John's job.
(d) Mary just lost her job as a teacher due to budget problems at the state level.
You were able to purchase two tickets to an up-coming concert for $100 apiece when the concert was first announced three months ago. Recently, you saw that StubHub was listing similar seats for $225 apiece. What does it cost you to attend the concert..
Identify the various taxes governments utilize to fund the public sector and the impact of those taxes on both the producer and the consumer
When price level increases it reduces the purchasing power of our income. What is the impact of inflation on savings and interest rates?
Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have on the following?
An auto company can buy transmissions for $400 from one of several suppliers or it can make the equivalent transmission for $420. However, to assure it sells a quality product it has to do incoming inspection on every transmission and the firm’s cost..
The purchase of government securities by the Fed from the public will begin a contraction in commercial bank lending. Provide an explanation. Define liquidity. Rank the following assets in order of their liquidity:
Explain how do payroll taxes levied on earnings of workers affect their decisions about Explain how much leisure they consume?
illustrate what is cost of each combination. Illustrate what is minimum-cost combination. Plot iso-cost curves and isoquant, explain how cost-minimizing combination.
The international liquidity problem of the 1960s refers to
Which of the following is example of moral hazard?
Estimate the owner's decision to start Sound Devices. Are any of the above costs likely to be one-time costs? If so, how would this affect your answers. Explain.
The player averages 5 rebounds and 20 points per game. Explain to the general manager of your team whether or not to sign the player.
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