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"Trump Campaign Revives Debate: Is the Unemployment Rate ‘Artificial’?" The Wall Street Journal
"What Is The Real Unemployment Rate?" FiveThirtyEight
After reading the articles, draft a response that addresses the controversy over unemployment statistics and how such discussions demonstrate the intersection between politics and economics in popular rhetoric. In this political season, what are the contrasting political messages concerning the unemployment rate and how do these messages (perhaps) contrast with economists' contentions regarding unemployment?
Be sure to utilize in-text citations and brief bibliographic entries for any sources used.
Which of the following explains why big business typically spends more on rent-seeking activities than consumers?
Describe the social and economic repercussion of the following inventions: the typewriter, the jet airplane, television, penicillin. Which do you think is greater in each case - the social or the economic impact?
Consider the following possible schemes for taxing a monopoly: Explain how each of these taxes would affect the monopolist's profit-maximizing output choice. Would the tax increase or decrease the deadweight loss from monopoly?
Some economists prefer to use the term businessfluctuations rather than business cycles toSome economists prefer to use the term business fluctuations rather than business cycles to discuss the historical growth record in the united states because..
The population of Ectenia is 100 people: 40 work full-time, 20 work half-time but would prefer to work full-time, 10 are looking for a job, 10 would like to work but are so discouraged they have given up looking, 10 are not interested in working beca..
The Robbins Corporation has the following production function for producing diving masks: q = K + 2 (L)(1/2) Its input prices are pK = $6 and pL = $4. It can sell as many masks as it likes for $20 each, which means that the marginal revenue or MR for..
Euclid acquires a 7-year class asset on May 9, 2015, for $80,000. Euclid does not elect immediate expensing fewer than 179. She does not claim any available additional first-year depreciation. Calculate Euclid's cost recovery deduction for 2015 and 2..
The Rainbow Point Manufacturing Company has a varied product line. One of their products is latex paint. Rainbow can manufacture the paint at an annual rate of 8000 gallons. Analyze the problem for economic production (inventory) quantity, cost, and ..
Should the Federal Government increase social services initiatives to improve the quality of life issues for the less fortunate ones. (For instance: promoting training/educational assistance initiatives to help the unskilled workers obtain/hold jobs;
Describe the business and its likely main competitors and how would you structure your advertising and customer service to differentiate your product/service?
The annual opperating cost of the new operating machine is $7,000. The company uses a 20% MARR. Calculate the annual equivalent total cost for each machine. Would you replace the old machine at this time?
Consider an infinitely repeated Cournot competition with N firms. The market demand is Q(p) = 14 – p. All firms have the same cost function TC(q) = 2q. The common discount factor of firms is δ
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