Economics Article from the Sydney morning ""Battlers exposed again as budget crunch nears" On March 29, 2014, Ross Gittins published an article on the Sydney Morning Herald "Battlers exposed again as budget crunch nears (Links to an external site.)". According to Gittins, which industry is the most heavily assisted within services? Group of answer choices a. secondary education b. tertiary education c. medical profession d. financial services

Economics Article from the Sydney morning ""Battlers exposed again as budget crunch nears" On March 29, 2014, Ross Gittins published an article on the Sydney Morning Herald "Battlers exposed again as budget crunch nears (Links to an external site.)". According to Gittins, which industry is the most heavily assisted within services? Group of answer choices a. secondary education b. tertiary education c. medical profession d. financial services

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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(d)State any two logical information you can infer about the hypothetical economy described above. (e)The government in 2018 announced and implemented a 10 percent increase in the nominal salary of an average public servant from Gh¢500 in 2017. Does the salary of an average public servant have more purchasing power in 2017 or 2018? (f)Briefly describe the concept of ‘rebasing’. Explain how rebasing affects the income and cost of living estimates of a country.
During the 1980s, 1990s, and the first decade of the 20th century, the United States experienced a significant inflow of capital from abroad. For example, Toyota, BMW, and other foreign car companies built auto plants in the United States. Draw a diagram of the U.S. capital market, show the effect of this inflow on the rental price of capital in the United States and on the quantity of capital in use. Describe it in words. b) Using a diagram of the U.S. labor market, show the effect of the capital inflow on the average wage paid to U.S. workers.
3. A carpenter hammers nails each day at work. During the first hour she can hammer 120 nails, the second hour 100 nails, the third hour 90 nails, the fourth hour 60 nails, and the fifth hour 10 nails. Her marginal product in the third hour is _____ nails. a. 10 b. 90 c. –60
15 Which economics analyzes all level of employment in the economy Select one: a. None b. Financial economics c. Microeconomics d. Industrial Economics
this question is for Macroeconomics but it didn't show any option for Macroeconomics it just show economics. Use the table below to answer the following question. Table 21.3.2 Data from Southton Price (dollars) Price (dollars) Quantity (number) Quantity (number) Item Base Current Base Current Rubber Ducks Beach Towels 1.15 9.10 1.36 10.00 90 15 100 14 1) Refer to Table 21.3.2. From the data in Table 21.3.2. What is Southton's consumer price index for the current year? What is the rate of inflation over the current year? Show your calculations.
Summarize the articel. KUALA LUMPUR, Nov 3 ― A research by Khazanah Research Institute (KRI) found that agriculture employment has declined significantly to just 10.2 per cent out of the total employment nationwide in 2019, from 31.2 per cent in 1982. According KRI’s recently published report, “Work in an Evolving Malaysia: The State of Households 2020 Part II”, the decline was due to the country’s economic structure that has evolved over the years and caused concentration of economic activities continuing to differ between states. “The agriculture sector however remains an important source of employment in the north and east coast states such as Pahang, and in Sabah and Sarawak,” said KRI in the report. KRI found that the agriculture jobs tend to have slower productivity levels (Gross Domestic Product per employment) compared to states with less concentration in agricultural activities. “Additionally, agriculture has consistently reported a higher incidence of fatal injuries. “In some…
5. Bill is a college student. Every week his parents give him an allowance of $100. If he work at McDonald, he can earn $15 per hour. Every day he spends 16 hours for sleep and study. For the rest time, he must decide how to allocate it between working and social life (leisure). Currently he chooses work 20 hours per week. a ) Draw a consumption-leisure diagram, carefully illustrating Bill's current labour supply decision. Mak sure to calculate all relevant values and label all axes b ) Suppose the wage rate falls to $12. Assuming the income effect dominates the substitution effect, in your graph his new labour supply decision. Please specify the substitution effect and the income effec in your graph
d. Calculate the marginal product of capital MPK. e. Calculate the marginal product of labor (MPL).
of "New Geography of Jobs" by Enrico Moretti (https://www.google.com/books/edition/The_New_Geography_of_Jobs/mxFMI7XWMzEC?hl=en&gbpv=1&printsec=frontcover) 5. Finally, reflecting on the three major paradigms, which do you believe provides the best theoretical lens to examine the changes in the American economy? Explain in detail.
Why does the general public often refer to the cost-of-living index?
4. So a friend, a non econ friend, looks at your answers in e) above and asks you: Why are your answers so different? How would you answer your friend (act like you are an economist!)? In e), we found the percent change in real wage between April 2019 to April 2020 is 7.38%, and the percent change in the real wage between July 2020 and July 2021 is 0.59%
pls solve question for microeconomic theory