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What is this nation's overall rate of unemployment? What is its natural rate of unemployment?
What is the average duration of unemployment? Following the change discussed in part (c), what is the country's unemployment rate?
What is this nation's frictional unemployment rate? What is its structural unemployment rate? What is its unemployment rate?
What is the frictional unemployment rate? After the change discussed in part (c), what is the unemployment rate?
What is the unemployment rate? How do we classify these 60 million people? Based on these figures, what is the U.S. labor force participation rate?
What can you say about the shape of the market demand curve over the relevant ranges of prices and quantities?
Draw a diagram of normally shaped market demand and supply curves for Internet access services.
What happened to Ireland's tax base as a result? What happened to tax bases in nations such as the United States and the United Kingdom?
What do you predict is likely to happen to the equilibrium price of tickets for air flights into and out of cities that are in close proximity to London?
Based on your answer, is a publicly funded Internet search engine a public good or a government-sponsored good?
Why will the economic outcome be the same as the one that would have arisen if government instead simply provided students with grants to cover current market.
Describe the effects of the introduction of such subsidies on the market for sugar and the market for artificial sweeteners.
At present, does either country have a comparative advantage in producing capital goods? Consumption goods?
Describe a government policy that might be effective in achieving the socially efficient use of bus services.
Why will too many or too few cigars be produced and consumed? From society's point of view, will the market price of cigars be too high or too low?
Illustrate the black market for Internet access, including the implicit supply schedule, the ceiling price, the black market supply and demand and market price.
Now consider the two claims-that price will fall and quantity demanded will increase. Based on positive economic analysis, are these claims sound?
What are annual consumer expenditures on the Pakistani wheat crop? What are annual government expenditures on the Pakistani wheat crop?
A city has decided to impose rent controls, and it has established a rent ceiling below. How will the quantity of offices that building owners lease change?
Use diagram to explain a government policy that might be effective in achieving the amount of orange production that fully reflects all social costs.
Evaluate whether the study's recommended policies might help correct this negative externality.
Now consider question 5 in terms of the law's impact on domestic producers that export. Does this policy adversely affect domestic producers that export goods?
Suppose the United States passed a law stating that we would not purchase imports from any country. Who would benefit and who would lose from such retaliation?
To minimize the time spent painting, who should specialize in painting walls, and who should specialize in painting window frames?
Would the U.S. government gain any advantage from using tariffs or quotas to restrict imports