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In each of the following situations, what type of unemployment is being described? Explain.
a. A computer programmer is being laid off because of a recession.
b. An unemployed college graduate is looking for his first job.
c. A skilled glass blower becomes unemployed when a new machine does her job faster.
d. A college student becomes unemployed after being laid off due to an increase in minimum wage.
e. A literary editor leaves her job in New York to look for a new job in San Francisco.
Describe when you have experienced diminishing marginal utility. Also discuss opportunity costs you have had to pay in order to attend school
Explain how does the government decide to use one form of remedy rather than the other.
Economies around the world are becoming increasingly globalized. How does this globalization affect the choices you face in your economic decisions? Do the effects change if you think of yourself as a consumer or as a producer? Discuss whether consum..
a profit - maximizing industry in a competitive market is currently producing 100 units of output. Illustrate what is average variable cost.
Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
Which one of the following variables is most likely to increase as production effort is increased? Which one of the following variables is most likely to decline as production effort increases? The efficient price of a license fee is determined by th..
An economy has 110,000,000 people employed 8,000,000 unemployed, and 4,000,000 discourage workers. The conventional measure of the unemployment rate is what percent?
Originally when he could work as many hours as he wanted at a wage w, Roy chose to work seven hours a day. The employer now offers him w for the first 8 hours in a day and an over-time wage of 1.5w for every hour he works beyond a minimum of 8 hours...
Assume an industry is a duopoly. Elucidate the best response functions for A and B.
Officer Jones, in full uniform driving a marked police car, follows a motor vehicle operated by Smith because the vehicle has crossed the center line. should be admissible because it was found pursuant to a valid Terry stop- and- frisk. should be exc..
Discuss and post what solution might there be for these people who lack access to computers. Recalling that the definition of perfect competition refers to a market with many buyers, among other factors, thus, how may these people gain access to the ..
If the federal government chooses to increase government expenditures explain the three methods of financing the expenditures in terms of: which is the most expansionary, what are the negative effects of each, and which is the most inflationary.
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