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Suppose that in the small country of Sociopolis there are 6 millionpeople in the adult population, that the labor-force participationrate is 70 percent, and that there are 3.8 million people employed.To the nearest tenth, what is the unemployment rate?
Describe how households and businesses are slowing down the circular flows of money and goods and services during the economic slump.
The secretary of state has asked you to prepare a memo describing the key policies and economic arrangements that a specific less developed country should follow in order to achieve rapid growth and higher income levels.
Discuss the so called fiscal cliff and the expected impact for the State of Mississippi and the Mississippi Delta.
Illustrate the notion that people are rational respond to incentives consider an experiment conducted by researchers at St. Luke's Roosevelt Hospital in New York City.
If you could identify which the group to that each consumer belong to explain how would you go about setting prices.
Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion i..
Suppose the market for dollars is in equilibrium, then the expected future exchange rate rises. What effect does this have on the current exchange rate?
Assume the Sri Lanka government awarded contracts to private companies to rebuild the countryâ.
Discuss the comparative advantage(s) of your selected regional trading blocs. Identify the major risks associated with doing business in the selected trading blocs.
prefectly compeitve and monopolistcally competitve markets achieve a tangecy between the firm's dd demand curve and its average cost curve , the tengency for a monopolistic compeetitor, while displays the tegency for a perfect competitor.
Raj's Utility bundles of X and Y is given by U(X,Y)=XY A. Fill in the table with Raj's utility for the corresponding bundles x=1 x=2 x=3 ,y=1 ,y=2 ,y=3 B. Wri..
The price of a wideget increases by 90%. what effect would we expect this to have on the equilibrium wage rate of workers who make widgets.
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