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The number of people employed in a city were 128,000. The adult population was 201, 000 and the labor force participation rate was 67%. Based on the figures listed above, what is (1) the unemployment rate, (2)labor force participation rate, (3) number of adults in the "not in L.F." category and (4) how is the economy doing, compared to what? Show your work here
What is marginal rate of substitution between flour and rice. What is amount of rice and amount of flour he should be consumed to maximize his utility.
Illustrate what is meant by the term "natural monopoly" and what are the key characteristics.
Illustrate what basic principles does production possibilities (or transformation) curve. Consider where an increase in production of one good requires an increase or decrease in production of or goods when K and L are held constant.
2,000 years ago gladiators fought in the Coliseums of Ancient Rome making huge salaries. Is this an example of a "Winner - Take" all society? Explain how this is still a big part of today’s US or any other typical Western Society. What about a NFL Fo..
Show on a graph the market supply of labour considering the graphs of willingness to work and ability to work? and what happens to the labour supply when the willingness to work and ability to work changes?
Explain how effects of rent control are very noticeable to the public in the short run, because the primary effects of rent control occur very quickly.
You are buying a bond at a quoted price of $892. The bond has a 7.5 percent coupon and pays interest semi annually on February 1 and August 1. What is the dirty price of this bond if today is April 1. Assume a 360-day year.
Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why?
Economists often disagree about the proper role of government in the economy, but they almost all agree that the government should:
her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound.
If inflation turns out to be 1% over the life of the loan, what is the real interest rate? Who gains from unexpectedly low inflation, Loretta or Ted?
Smith Services, Inc., was a corporation solely owned by Tony Smith. Bear, Inc., owned and operated Laker Express, a fueling station in Kentucky. Smith charged fuel to an account at Laker Express and owed approximately $35,000. There was no written ag..
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