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In country Kona, there are a number of people working, b number of people looking for jobs, c number of students above age 16, and d number of retirees.
a) What's the unemployment rate of country Kona?
b) What's the employment rate of the country?
c) In case of a recession, would the unemployment rate be a good measurement of the severity of a recession? Why or why not?
Suppose a chemical factory discharges waste products into a river resulting in significant damages to a local fishery. The marginal damage and the marginal abatement cost (MAC) are given by:
Explain the assertion that businesses can lose rights if they do not diligently assess and pursue intellectual property protection.
Suppose the media reports that the federal deficit this year is $200 billion. The national debt was $5,000 billion last year, and it is $5,200 billion this year. The price level this year is 3 percent higher than it was last year. The real deficit is..
Imagine yourself as an HR Manager responsible for administering performance appraisals. Which performance appraisal error would you most likely commit?
For each statement, indicate if it applies to uniform distributed random variable, normal distributed random variable, and/or exponenetial distributed random variable. list all that can apply. x is the uncertain time or space interval between consecu..
Illustrate what is the (true) value of the marginal product of each black worker. Discuss the employment decision made by firms for which d = 0.2 and d = 0.8 respectively.
A company is considering constructing a plant to manufacture a proposed new product. The land costs $300,000, the building costs $550,000, the equipment costs $250,000, and $150,000 additional working capital is required. If the company requires a MA..
A couple wishes to borrow money using the equity in their home for collateral. A loan company will loan them up to 70% of their equity. They purchased their home 11 years ago for $74,102. The home was financed by paying 15% down and signing a 30-year..
In a fixed exchange rate system, describe how countries address the problem of currency market pressures that threaten to lower or raise the value of their currency? Be specific, in other words, explicitly state what a country would do in the case of..
What is the Christian response to poverty? What could a christian do besides give monetary donations?
Using demand and supply analyst briefly discuss the effect of each of the following on the market for cigarettes: a cure for lung cancer is found b). The price of cigars increases. c.) Wages increase substantially in states that grow tobacco. d.) A f..
The demand for economics textbooks is very inelastic, but the supply is somewhat elastic. What does this imply about the incidence of an excise tax? Illustrate with a diagram.
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