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3. Suppose that in a given month in Canada, there are 18 million people of working age. Of these, only 14 million have jobs. Of the remainder, 2 are looking for work, 1.5 million have given up looking for work, and 0.5 million do not want to work. (a) What is the labour force? (b) What is the labour force participation rate? (c) What is the o¢ cial unemployment rate
Assume each worker is paid $10 per hour and works a 40-hours week. How many workers should the firm hire if the price of the output is $ 10? Suppose the price of the output falls to $7.50.What do you think would be the short-run impact on the firm..
Interpret the coefficients of the regression model. Which independent variable has the strongest impact on the dependent variables
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..
Identify both the positive and negative aspects of their approach
How do I know whether these goods are complementary or not?
Policymaking is much easier when the state of the economy is easily observable than when there is uncertainty about how the economy is doing, as this problem illustrates. Suppose that the economy is either in an expansion or a recession. Suppos..
How do costs play into your everyday life? For example, why might it be cheaper to drive on a toll-road vs. a free-access interstate Also, can you identify situations where you may fall victim to the sunk cost fallacy (we all do)
What is the law of supply, and what are the factors that cause shifts in supply? What is the law of demand and why is it important?
Markovich Corporation is considering building a new plant. It will cost $1 million today to build it and it will generate revenues of $1.121 million three years from today. Of the interest rates below, which is the highest interest rate at which Mark..
problemanswer the following true t or false f questions1. to account for the time value of money we must multiply a
write the economic analysis section of a business proposal. this will include statements about the market structure
A plastic surgeon thinks she can make more revenue by lowering the price of cosmetic surgery.If cosmetic surgery is an elastic service, is she correct in her assumption.
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