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1. "Unemployment is no longer a social problem because unemployed workers receive unemployment benefits and other benefits that make up for most of their lost wages." Comment.
2. Why is it so difficult to define full employment? What unemployment rate should the government be shooting for today?
A contractor expects to have an annual taxable income of $400,000 from its regular business for the next 3 years. The contractor is considering buying a new piece of equipment that costs $115,000. The equipment falls into the MACRS seven year
Based on market research, a film production company in Ectenia obtains the following information about the demand and production costs of its new DVD: Find the price and quantity that would maximize social welfare
When the government imposes a price floor = $20, disequilibrium between quantity demanded and quantity supplied results in. Consider a market where demand is D: P = 30 - Q and supply is S: P = 0.5Q. 1. Equilibrium quantity Qe is
Jones Company operates within a monopolistically competitive industry. The estimated demand for its products is given by the following inverse demand function P = 1760 - 12Q It finance department has estimated its total cost function as
Boris Borrower and Lynn Lender agree that Lynnwill lend Boris $10,000 and that Boris will repay the $10,000 withinterest in one year. They agree to a nominal interest rate of 8%,reflecting a real interest rate of 3% on the loan
Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor
The demand for widgets is found to be Q=100-11P +0.5Y, where P is the price of widgets in dollars, Y is average income in thousands and Q is the quantity of widgets in thousands. Say that P=7 and Y=50.
What is the effect on the money supply?
What is the equilibrium price and quantity in this market?
Compare the work incentives of the wage subsidy and the negative income tax for the entire income distribution. Use a diagram and explain.
For the course project, you are to write a short paper investigating the effect of alcohol consumption on a labor market outcome. You will do this by applying the econometric techniques used in class to the data set that is available on SmartSite:..
According to these lists, how many distinct currencies exist around the world today? Are some currencies used in more than one country?
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