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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:
I want some assistance answering the following true/false question. Your help is GREATLY appreciated. Question: There are three types of unemployment.
The following table shows part of the demand for tickets to a local sporting event: a. Is demand elastic in the $3 - $6 price range?
Problem: Given the current state of the economy, and any other factors you believe are important, what do you anticipate will happen to bond prices and yields?
Problem 1: Please compare and contrast the concepts of inflationary and recessionary gaps. Problem 2: Please discuss the effects of an increase and decrease in productivity on aggregate supply.
Identify and distinguish microeconomic analysis from macroeconomic analysis; also identify and distinguish any positive economic analysis from any normative economic argument.
Problem 1. First, state the most recent unemployment rate for all workers in the U.S. Problem 2. Within the unemployment data are the recent unemployment rates for various groups in the U.S.
Using the demand and supply equations from question 1: What is the effect of the tax on the supply equation? The demand equation? What is the new equilibrium price and quantity?
Why is it necessary to equate marginal revenue product with marginal resource costs when optimizing in the resource market? What gets optimized and what is determined? What do these terms actually