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If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is
This solution discusses what the supporters of globalization celebrate. With regard to consumerism, immigration, and nutrition, it also offers examples.
A monopolist has a constant marginal and average cost of $10 adn faces a demand curve of Qd = 1000 - 10P. Marginal revenue is given by MR=100 - 1/5Q. Calculate the monopolist's profit-maximizing qu
Constant annual operationg and maintenance costs of the circuits are 8 percent of the first cost . The average life of a circuit is 20 years. The required rate of return on such investments is 10 pe
Which of the following is evidence of a surplus of bananas?
Draw a diagram to show the effect of the advance in technology in the market for loanable funds. Draw a diagram to show the effect of the advance of technology in the labor market.
Using the following schedule, define the equilibrium price and quantity. Describe the situation at a price of $10. What will occur? Describe the situation at a price of $2. What will occur?
Construct a decision tree to help analysis this problem. (Use MS Excel). What should the medical professionals do?
Explain why domestic producers who supply a good that competes with imports would prefer an import-substitution approach to trade rather than an export promotion approach. Which policy would domest
How does global economic competition impact the price elasticity in the domestic market and decisions related to the strategy a firm uses to compete? Why do most economists oppose trade restriction
How can each of the 10 principles be applied in an example or experience with which you are familiar? How do you intend to use your newfound knowledge in future economic decisions?
Give an example of the income effect and the substitution effect in regards to the supply of labor. What is the opportunity cost of work in this case?
Describe Human Capital Theory and how critical investments in human capital are thought to have a positive impact on poverty levels in the U.S. and other countries
If the capital gains tax is on nominal gains, calculate how much tax Sally pays on her gain. Calculate Kelly's capital gains if the tax is on real gains.
In a simple economy suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Calculate gross domestic product from the following set of
Be sure to identify specific retail companies that conuld potentiall sell CPI"s products, the markets that would be attractive and some of the financial economic considerations
In 2007 the country of Ikonomia has a current account deficit of $1 billion and a non reserve financial account surplus of $750 million. Ikonomias capital account is in $100 million surplus.
Which of the following scenarios best illustrates the idea of perfect competition?
In the long-run in perfectly competitive industries the (long-run) supply curve of the industry can be derived. Explain likely outcomes (slopes) of long-run supply curve in various situations
In about 300 words, describe the key elements of technology-enabled customer relationship management and outline the advantages that technology-enabled customer relationship management has over tra
What happens to the official measure of GDP in Air quality improves significantly throughout the US, but there are no effects on aggregate production or on market prices of final goods and services
You are a chairperson of a state tax commission responsible for establishing a program to raise new revenue through exercise taxes. Why would elasticity of demand be important to you in determinin
Trade restrictions have a significant impact upon international trade. Identify and discuss at least two arguments that support trade restrictions and two against trade restrictions. Use at least o
Define gross domestic product. Determine whether each of the following would be included in the 2007 U.S. gross domestic product:
Some economists argue that in long-run equilibrium under conditions of monopolistic competition there is economic waste because price is greater than marginal cost and average total cost is not at a