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(1) Discuss two benefits to the New Zealand economy due to the export education industry. (One paragraph, max 100 words).
Problem: Gross Domestic Product - definition, explanation of the different types of expenditure.
Problem: What is a price floor? Show graphically, the effect of a price floor on a market. Problem: What happens when government imposes a national minimum wage?
Problem: What is the impact on the widening gap between the rich and poor in the United States from unskilled immigration labor?
What is the most important characteristic of oligopoly? a. firms have market power b. product differentiation c. barriers to entry d. interdependence of profits e. none of the above
1. What is the nation's frictional unemployment rate? 2. What is its structural unemployment rate? 3. What is its unemployment rate?
Problem 1: If the economy is at the natural rate of unemployment but those who favor an active approach to policy think the natural rate is lower, they will try to shift
You are a recent University graduate hired to create a Human Resource department and serve as the HR Director for the SMC Company, which manufactures ergonomic office equipment.
Based on the information presented in above, what is the point cross elasticity of demand for Fantasy pinball machines with respect to Old Chicago pinball machines when P = $150, Px = $100, U = .12,
(1) Explain why these workers will have different asking wages. (2) Why would search theory explain the differences in their unemployment rate?
In the country of Leducistan, a mass migration of refugees found solace within its borders and all of them sought work. What will happen to the country's unemployment rate and labor force participat
Problem: Which of the following categories fall under microeconomics, macroeconomis and other topics?
Use graphical analysis to show the gains and losses resulting from the migration of population from a low-income country to a high-income country.
Problem: What examples can you think of where different cultures exhibit differences in how they view or use economics?
The President and Congress change the budget accordingly, but after 18 months, GDP only increased by three quarters of the expected amount. What factors might be responsible for this situation?
"In today's world, quality is everything. It is impossible to produce good products without good people. I go for the best workers, irrespective of cost. It is false economy to try to save money on
If the required reserve ratio is 10%, banks keep 2% excess reserves, and the public keeps a 10% cash to deposit ratio, what is the money multiplier?
How can fluctuations in the business cycle affect an organization? What is an example of how the US government has invested in human capital? How can that investment make an organization more produc
Problem: Suppose you are the manager of a California winery...How would you expect the following events to affect the price you will receive for a bottle of wine?
We are studying the money supply and the equilibrium interest rate. I am confused by the problem (s) presented below and am not sure how to calculate or answer the question. Any and all help is appr
Which of the following is the best example of two inputs that would exhibit a constant marginal rate of technical substitution?
Unemployment is not a business problem, social problem, nor government problem, it's only an individual problem -- a problem for whoever is unemployed.
Problem: Why does unemployment not go to zero during economic booms? (hint: think about the types of unemployment)
In a recent speech, Professor Gregory Mankiw contends that our elected federal leaders should raise the gasoline tax. "Not quickly, but substantially.
The primary difference between a change in demand and a change in the quantity demanded is: