If both the job creation rate and the labour force growth rate are positive then Select one: a.the participation rate must be rising. b.the unemployment rate will remain constant. c.the unemployment rate will fall. d.the unemployment rate may be rising or falling - it is not possible to say for sure.
Q: The blue line in the graph below is an example of.... X₂ x₁(P₁) x₁(P₁") x₁(P₁') A Demand Curve An…
A: According to the question, it is given that : An image is given with many curves in different…
Q: Refer to the diagram, in which S1 and D1 represent the original supply and demand curves and S2 and…
A: Demand in economics alludes to the quantity demanded of a good at various price levels. According to…
Q: Why does Pinterest consider Google to be its largest competitor?
A: A company is considered as a competitor when they sell or provide similar goods and services or…
Q: 5. Use the graph below to answer the following questions. 70 60 50 40 30 20 10 0 D1 S1 100 200 300…
A: (a). The equilibrium price is that price at which quantity demanded is equal to quantity supplied.…
Q: Que All of the following are fundamental concepts of economics EXCEPT O marginalism. O profit…
A: When talking about fundamental concepts of economics, it can be said that these concepts explains…
Q: Suppose the LNG Inc. company wants to build three pipelines that would carry fuels under your city.…
A: Marginal cost alludes to the increment or abatement in the expense of delivering another unit or…
Q: The following graph shows total production (TP) and total expenditures (TE) for a hypothetical…
A: Real GDP is the value of final goods and services produced in the economy within a period of time.
Q: The table below shows the marginal utility of consuming different quantities of Peaches. Use the…
A: Marginal utility is the additional utility gained from consuming an additional unit of the good.
Q: A British pound costs $1.42 in U.S. dollars in 2018, but $1.55 in U.S. dollars in 2019. Was the…
A: Introduction Depreciation means that fall in the value of tangible fixed asset because of its usage,…
Q: If $10,000 per quarter is invested in an account that earns a nominal annual interest rate of 12%…
A: Amount invested = $10,000 Interest rate= 12% Timer period = 4 years
Q: Refer to Figure 8-2. Producer surplus without the tax is Ⓒa. $10, and producer surplus with the tax…
A: Equilibrium in the market occurs at the intersection of demand and supply curves.
Q: Scenario 9-1 For a small country called Boxland, the equation of the domestic demand curve for…
A: When there is no-trade, the domestic price will be measured at equilibrium between domestic supply…
Q: 4.3 (0) Burt's utility function is U (x₁, x₂) = (x1 + 2)(x2 + 6), where x₁ is the number of cookies…
A:
Q: Roger's utility function is Cobb-Douglas, U=B^0.80 Z^0.20 Y the price of B is P_B and the price…
A: The utility function is given as: U=B0.81Z0.20
Q: The demand and supply equations for pepperoni pizzas in Collegetown are given by the following…
A: Given, Supply Equation Qs = -4 + P Demand Equation Qd = 28 - P Demand curve shows the…
Q: Expenditures 4000 3000 2000 1000 1000 2000 3000 Disposable Income 4000 U U
A: Given graph
Q: Explain Supply
A: Microeconomics definition: When a transaction takes place between an individual consumer and an…
Q: Other things being equal, when the Fed sells bonds, the money supply curve shifts to the causing…
A: Money supply is a total amount of money circulation in the country. higher money supply leads…
Q: Consider the market for chocolate ice cream where the supply and demand are very elastic. In the…
A: Here we are given that both and demand curves are elastic. It means that both the curves are…
Q: Suppose the economy begins at full employment and then consumer confidence rises. As a result, the…
A: Short Fall in the AD means economy facing unemployment which is above the natural rate of…
Q: economy. Ari needs to book a flight between Minneapolis and Los Angeles and has a choice between…
A: Marginal utility is the increase in total utility gained from increasing the consumption of the…
Q: Kayla and Josel produce food and luxury goods. Kayla has 10 hours; it takes her 1 hour to produce 1…
A: Comparative advantage is the trade theory given by Ricardo, as per the theory each country should…
Q: Consider the following stock portfolio Stock Ford Toyota Tesla 03% 09% 2.67% 2.25% 16% Investment…
A: Return in ford = 5% of $100 = $5. Return in toyota = 1% of $200 = $2. Return in tesla = 3% of $300 =…
Q: Eva runs a small bakery in the village of Roggerli. She is debating whether she should extend her…
A: Given, wage rate = $12 A profit maximizing firm hires labor till the point where MR = wage rate.
Q: In 18th century Europe, governments gave guilds legal authority to limit production of goods. This…
A: Forces of demand and supply decide the market price and market quantity for the consumers.
Q: 6. Consider the following game 2 1 U 3 C M D X C, 2 3,5 5,1 Y 3,1 4,2 2,2 N 3,3 2,1 5,4 (a)…
A: Rationalizable methodologies is the arrangement of procedures for a player that stay after this…
Q: What is the optimal decision for a consumer with perfectly complementary preferences U = min {4X,…
A: The optimal decision of consumption for a consumer occurs at the tangent point of the indifference…
Q: in the price of substitutes in production would be represented by a movement from A to B. B to A. S1…
A: The supply curve depicts the inverse relationship between the product's price and quantity supplied,…
Q: What are supranational and intergovernmental principles
A: A supranational organisation is a multinational organization or organization whose decisions are…
Q: what impact does inflation have on the value of business
A: Meaning of Inflation: The term inflation refers to the situation under which there is an excessive…
Q: Kayla and Josel produce food and luxury goods. Kayla has 10 hours; it takes her 1 hour to produce 1…
A: Both Kayla and Josel would trade based on the comparative advantage theory i.e which one has lower…
Q: The following graph shows the aggregate demand (AD1) and aggregate supply (AS) curves for a…
A: Here we are given the aggregate demand and the supply curve. And here the demand curve have shifted…
Q: 3. Using the cost curves for the monopolist (right), answer the questions 3a - 3d below: a. Indicate…
A: Monopoly is what is happening where there is a solitary merchant on the lookout. In regular…
Q: Your total benefits from spending time with your spouse are shown in the following table. Hours per…
A: Marginal Benefit and Marginal Cost: Thinking at the margin is an important way of thinking in…
Q: 4. Central bank changed nominal money supply M³ to lower the equilibrium interest rate. How did the…
A: In the financial market, the interest rate is determined by the money demand and money supply…
Q: You have decided that you want to attend a renaissance fair as King Henry VIII. You estimate that it…
A: Marginal cost is the change in production cost when one additional unit is produced. Mathematically,…
Q: Consider a government that raises money in a two-good economy by taxing good 1 at a rate of t per…
A: In the study of economics, the term utility can be defined as the total satisfaction or benefit that…
Q: Is the following statement true or false: “Customers prefer product A more than product B if the…
A: Customer value is best described as how much a product or service is valuable to a customer. It's a…
Q: Question 15 In the circular flow diagram, the different payments made by________ to include wages,…
A: In the circular flow diagram, we try to access that how the money flows in the economy when various…
Q: Assume we have two economies. Economy A has a level of GDP per capita of Ya(0) which is higher than…
A: Gross domestic product (GDP) per capita is a measure of a nation's economic output per person and is…
Q: What is the difference between production possibilities frontiers that are bowed out and those that…
A: The production possibility curve shows the different combinations of good X & good Y which an…
Q: Crows, and other birds, are eating your wheat, but not your barley. If you set up animatronic…
A: It is given that: if animatronic scarecrows is set up, it will increase wheat yield to 3 wheat per…
Q: Consider a market in which Bert from Exercise 1 is the buyer and Ernie from Exercise 2 is the…
A: Equilibrium price is the price at which quantity demanded equals quantity supplied and the market…
Q: Which of the following statements is true about specialization and trade? Group of answer choices A…
A: Comparative advantage and absolute advantage are distinct concepts in economics. Actual production…
Q: Assuming the market equilibrium price for wheat is $5 per bushel, draw the total revenue and the…
A: In economics, total revenue refers to all proceeds from the sale of a specific amount of goods or…
Q: Banks should have to hold all of their deposits. True or False? Explain.
A: Banks provide financial services to the people by accepting their deposits and keeping them safe…
Q: 3. Carp, Inc. wants to evaluate two methods of packaging their products. Use an interest rate of 15%…
A: Particular A B First Cost 700000 1700000 O&M Cost 18000 29000 + Cost Gradient 900 750…
Q: .ConsiderthsCobb-Dougas production function:Y=K"L".What does this function exhibit? a.Diminishing…
A: Given Production function: Y=K"L" Increasing return to scale: If all inputs are increased by λ…
Q: Expenitures 3000 2000 1000 45 1000 3000 Disposable Income ($) CHI 2000 1. When disposable income is…
A: Disposable income is the income which is available for the expenditure with the income earner. The…
Step by step
Solved in 3 steps
- Whose unemployment rates are commonly higher in the U.S. economy: Whites or nonwhites? The young or the middle-aged? College graduates or high school graduates?What relationship (positive, negative, none) do you observe between (i) economic growth and unemployment, (ii) economic growth and inflation, (iii) unemployment and inflation over the period?Identify the relationship between Economic Growth rate and unemployment (if any positive, negative, no negative relationship) then compare Finland economic Growth to Jamaica then Finland unemployment to Jamaica unemployment rate. Give an example of increase in education spending policy in Jamaica
- Now think like an economist. One concern about unemployment, from a societal aspect, is that? A) Unemployed stop paying taxes B) It takes a long time to find a new job C) Childcare is expensive D) Exports declineSolve this economic Suppose the unemployment rate was 7.4 percent, far above the full-employment threshold (= 5 percent). Instructions: In part a, round your response to two decimal places. In parts b–c, enter your responses as a whole number. a. How many jobs were lost, as a result, in a labor force of 150 million? b. If the average worker produces $100,000 of output, how much output will be lost? c. By how much did GDP per capita decline as a result (310 million people)?Suppose the unemployment rate was 7.4 percent, far above the full-employment threshold (= 5 percent). Instructions: In part a, round your response to two decimal places. In parts b–c, enter your responses as a whole number. a. How many jobs were lost, as a result, in a labor force of 150 million? b. If the average worker produces $100,000 of output, how much output will be lost? c. By how much did GDP per capita decline as a result (310 million people)?
- (a) examine the data for Jamaica 2009 - 2018. What relationship (positive, Negative, none) do you OBSERVE between (i) economic growth (ii) economic growth and inflation (iii) unemployment and inflation over the period Jamaica data (year 2009 - 2018) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 unemployment rate 11.36 12.37 12.70 13.93 15.25 13.74 13.51 13.19 11.63 9.10 inflation rate 9.59 12.61 7.56 6.89 9.34 8.27 3.69 2.35 4.38 3.74 Economic rate -4.35 -1.46 1.73 -0.61 0.52 0.69 0.92 1.38 1.00 1.89 (b). rank three economic variables from most important to least important. Provide one relevant reason to justify your selection for EACH of the three position (i.e. a reason why each variable is placed at the position 1, 2 and 3) Rank Variable justification 1 2 3 (c). "Many believe that the main objective of government economic policy should be to increase productivity and economic growth" Using the data above and economic knowledge,…Suppose the number of employed people in Pakistan is 20.5 million. The unemployment rate in this economy is 8.8 percent, and the labor force participation rate is 65 percent. i. What is the size of the labor force and working-age population?ii. How many people are unemployed?Suppose statistics show that the number of employed workers has increased in Economy A, but the unemployment rate does not fall. Explain why that may be the case. Thanks.
- (i) What is the relationship between unemployment and economic growth for each country? (ii) Compare the relationship between unemployment and economic growth between the two countries.Between 2001 and 2014, by how much did (A) the labor force change? (B) unemployment change? (C) employment change? Context: (in thousands) Year 2001- total population:285,545 Labor force: 143,734 Unemployment: 6,801 Year 2014- Total population: 318,563 Labor Force: 155,922 Unemployment: 9,617Suppose the unemployment rate was 7.4 percent, far above the full-employment threshold (= 5 percent). Instructions: In part a, round your response to two decimal places. In parts b–c, enter your responses as a whole number. a. How many jobs were lost, as a result, in a labor force of 150 million? b. If the average worker produces $100,000 of output, how much output will be lost? c. By how much did GDP per capita decline as a result (310 million people)? Solve this finance