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Consider the following hypothetical data from the peaceable nation of Adirolf, where there is no military, the entire population is over the age of 16, and no one is institutionalized for any reason. Then answer the questions.
a. What is the unemployment rate in Adirolf?
b. What is the labor-force participation rate in Adirolf?For questions c through f: assume that 15 million Adirolfian homemakers begin seeking jobs and that 10 million find jobs.
c. Now what is the rate of unemployment in Adirolf?
d. How does this change affect cyclical unemployment in Adirolf?
e. What will happen to per capita GDP?
f. Is the economy of Adirolf better off after the homemakers enter the labor force? Explain your response.
You have opened your own word processing service. You have already bought a special computer needed for word processing and paid $5,000 for it. However, due to the cost changes in the computer industry, the current price of an equivalent machine i..
The line segment connecting the points A(5, 9) and B( 12, 20) is to be divided at a point P so that the ratio of the distances AP/BP is 5/8, find the coordinates of the point P.
if you were to retire today, you would need a monthly income of $1600 in addition to the company pension, Canada Pension Plan, and Old Age Security payments you expect to receive. Today is your 22nd birthday and you plan to retire on your 65th bir..
determine the sample size for the estimate of the population
Your firm designs training materials for computer training classes, and you have just received a request to bid on a contract to produce a complete set of training manuals for an 8-session class. From previous experience, you know that your firm f..
Also find the voice activity factor such that the CDMA system accommodates the same number of users as an FDMA system. Is this a reasonable value for voice activity?
In the diagram for this exercise, sketch demand and supply curves to represent the market for exchanging British pounds for U.S. dollars to illustrate an equilibrium exchange rate of $1.50 per pound for a volume of exchange of 500 million pounds.
What does this imply about the firm's economic profits? If the profit-maximizing firm operates at a point where its short-run average cost curve is downward sloping, what does this imply about the firm's economic profits?
if nissan can reduce its variable cost in vehicles production by 5 percent 2000 compared with its target, estimate the effect on profit and return on sale
Why is a strictly economic definition of development inadequate? What do you understand economic development to mean? Can you give hypothetical or real examples of situations in which a country may be developing economically but still be underdeve..
The remaining 80 percent are more likely to evade when the proportion evading increases. Prove that there will be at least one equilibrium level of tax evasion. Show how multiple equilibria can occur. Which equilibria are stable?
If the interests of the Communist party and its agents differ, and the party is sovereign, can the market be based securely on the rule of contract law? Does the Chinese market operate according to the rule of law?
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