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Suppose that in a particular month roughly 8 million people in the United States were seeking jobs but had not found them. Suppose that 2 million of these people give up their searches in the following month and stopped looking for work. What will happen to the unemployment rate, all other things unchanged? It will rise. It will fall. It will be unaffected, because none of these people is working. Not enough information is provided to determine what happens to the unemployment rate.
Illustrate what is the point of view of free trade and protectionist on: infant industries; Job Protection; Standard of living; Specialization; and National security.
Provide an example for each about decision-making, interaction and workings or economy. Elucidate how that influences marginal profits and marginal costs associated with decision to purchase a new home.
q.analysis the demand for housing is often described as highly cyclical and very sensitive to housing prices and
Explain how much and why. This could include things such as mergers, innovative marketing, etc. Illustrate what products and/or services that made by this company.
The Hanover Manufacturing Company believes that the demand curve for its product is-Evaluate the wisdom of the firm's pricing policy. A marketing specialist says that the pricing elasticity of demand for the firm's product.
why do points on a utility possibility curve represent efficient allocations of resources? why must the utility
Consider a country that produces shirts and autos. Shirts are produced with sewing machines (specific factor) and labor while autos are produced using robots (specific factor) and labor. Show how going to international trade affects the budget constr..
The federal government calculates the budget on a fiscal year that begins each year on October 1 and ends the following September 30. At the beginning of the 2005 fiscal year, the Congressional Budget Office [CBO] forecast that the federal budget def..
Suppose you had one of the three winning tickets in last week’s Powerball Lottery; your prize would have been $188 million if you took your winnings in the form of an annuity. If the annuity were paid in 20 annual instalments using an interest rate o..
Does either firm have a dominant strategy. Is there a stable equilibrium.
You are the manager of a firm that plans to expand the human resource base of its operation by hiring additional business school graduates over the next few years. That same article reports that the shakeup of upper-management is over at U.S. firms, ..
Kramer Smith owns a dry-cleaning service also is thinking about changing his advertising expenditures for the year.
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