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a) Many are concerned that the U.S. go directly from a period of high cyclical unemployment to a period of high structural unemployment. Should an unemployed person care which label an economist applies or is out of work is just out of work?
b) In terms of economic health, what do you think is more telling, the trend in job damage or the trend in job creation? If you could only see one of these series before making a guess on the economic health of a nation, which would you want to see? Why?
QUESTION 1 (a) Explain the relationship between scarcity, choice and opportunity cost. (b) How is choice about the use of scarce resources made in a market economy? QUES
why is the elasticity of demand useful
What causes migration? Rural-to-urban migration is a usual LDC experience. Those are migrates within search of better SoL, those are generally younger, less risk adverse and b
What is the main danger in placing countries together in the same grouping? It is useful to classify countries by groupings for identification of common problems and policy pu
PROBLEMS OF LOWER INCOME COUNTRIES There are vast income and wealth disparities in world we live in. Approximately one-fourth of the world’s population accounts for the three-f
why do businesses have to sped money (expenditure)in order to succeed?
the basic assumption of the static model
compute the opportunity cost
Why does a production possibilities frontier with increasing opportunity costs have a bowed-out shape?
cn i get an example of it
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