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Why is high unemployment considered a bad thing?
High unemployment means that a nation's resources are underutilized. It also poses great psychological, economic, and social costs on unemployed individuals, as well as their families and their communities. It is linked with higher rates of depression, suicide, domestic violence, and lack of social cohesion.
a) Explain the perverse incentive. b) What makes the incentive perverse? c) How could the incentive makers better the incentive?
illustration for demand of big macs using indifference curve and budget line
Question: Describe the meaning of ABC inventory control and on what key premise is this system based? The finance department of Electric Corporation gathered the following i
I wanted to the fixed and variable costs of breadtalk in singapore from economic perspective
formula of range
what is the indirect utility/
Discuss about Modern economic growth Modern economic growth is also a shift in the kinds of things we do at work and play and in the way we live. Back in immediate aftermath of
Return on Equity: It's a measure of business profitability equal to net after-tax income divided by average level of shareholders' equity in the business. Sales Tax: A tax im
Why Have These Economies Converged? By and large economies which have converged are those which belong to OECD: the Organization for Economic Cooperation and Development that w
Steel and aluminum production Steel Canada 500, France 1200 Aluminum Canada 1500, France 800 The maximum amount of steel or aluminum that Canada and France can produce if they full
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