Evaluate the following statement "a higher unemployment rate is always a bad indicator for the economy." %3D True False Only true in industrialized economies. Only true in developing countries.
Q: 35) What is the firm’s efficient scale? A. the quantity of output that minimizes average total cos...
A: (35) A firm's efficient scale implies the production of output such that it minimizes the average t...
Q: A prescriptive model of the BGS relationship would be one that tells us how that relationship does w...
A: Business-wide term incorporating a reach of actions and foundations. Government - alludes to designs...
Q: 1. Given the inverse demand equation P = 10 – 0.05Q and the inverse supply equation P = 1 + 0.10Q: ...
A: Introduction Inverse demand function P = 10 - 0.05 Q Qd = 200 - 20 P Inverse supply function P = 1 +...
Q: What are the different type of strike a labor union can form?
A: Strike action, sometimes known as a labour strike is a work stoppage caused by a large number of emp...
Q: If the demand function is p=100-4q, find the level of output at which total revenue is maximum and a...
A: Answers is given:
Q: Assume that the annual rate of inflation is expected to be 4 per cent per annum for the next five ye...
A: When a currency's value decreases over time, it is called inflation. Over some time, an economy's av...
Q: Explain how any technological advancement (increase in our A from production function) could affect ...
A: Technological advancement reduces the cost of production and increases the labour productivity whic...
Q: IHRM practices are sector-specific because a) Some sectors trade more in the alobal economy than oth...
A: When talking about international human resource management (IHRM) it is said that this management is...
Q: What are the three (3) most important things that you believe should be done to reduce hunger in our...
A: Hundreds of theories exist regarding how to end world hunger, many of which are hotly discussed by a...
Q: • Nominal and Real GDP • Nominal GDP is the sum of the quantities of final goods produced times thei...
A: Gross domestic product is teh total market value produced in domestic boundaries in a year . It is t...
Q: With an inverse demand equation of P = 10 – 0.05Q and an inverse supply equation of P = 1 + 0.10Q: ...
A:
Q: Give an example of an Inelastic product, what makes it inelastic? What can make it become elastic?
A: Elasticity is a term used in business to describe the extent to which a change in a product's charac...
Q: 2. A loan of $25,000 was repaid at the end of 9 months with $28,500. What annual rate of interest wa...
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: 1. For the following production functions, find the firm's (long run) conditional factor demand func...
A: A firm minimizes cost by employing the number of inputs at the point where marginal rate of technica...
Q: 2. Assume the supply and demand for paper is given by the following: Demand: P =1500 – 0.1Q Private-...
A: Introduction Demand function has given as P = 1500 - 0.1Q Multiply the above equation by Q, we have ...
Q: What is the condition of tax incidence in the Philippines, who carries the burden more? Give example...
A: The distribution of a tax's economic burden among the affected parties is known as tax incidence. It...
Q: As the case of the refined petroleum market, MBp=90-0.3Q, MCp=30+0.1Q, marginal profit=60-0.4Q, marg...
A: Negative Externality is the coat of society because it reduces the wellbeing of society such as poll...
Q: In the AD/AS model, if both inflationary expectations and business taxes increase, then the price le...
A: When talking about AD-AS model, it is the framework to explain the market goods goods and services a...
Q: Write down the three mai and core points of Criticism of Marshallian View?
A: Lionel Robbins spearheaded a direct assault against the Marshallian perspective. The primary grounds...
Q: Problem Solving: Pls. Include your cash flow diagram. Show complete solution. 1. A newly-built busin...
A: Real estate, bonds, stock and even fine art, can all be used to calculate a rate of return (RoR). To...
Q: 1. A country has a government debt-to-DGP ratio of d=80%. The effective interest rate on the debt, r...
A: Gross domestic product means the goods and services produced in an economy. It is the summation of c...
Q: (1) A consumer's utility function is given by u (z_y) := z/2y/2 for any nonnegative z and y, represe...
A: Utility function : U = x1/2y1/2 Price of x = Px Price of y = c1 Income = m Budget Constraint will ...
Q: 15) The competitive firm's long-run supply curve is that portion of the marginal cost curve that lie...
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be answerin...
Q: 3. In 1986, the CPI stood at 109.6 while in 2016 it stood at 240.0. In 1986, a new Toyota Corolla LE...
A: Consumer price index is the weighted sum of a consumption basket used to gauge inflation rate in the...
Q: In the two-period model, suppose that current consumption is a normal good. If the interest rate inc...
A: The two-period model is the one which explains the relationship between current consumption and savi...
Q: You are the manager of a firm that uses only labor and capital to produce your product. Assume you h...
A: Optimal input bundle would be when the following condition holds,Marginal product of labor / wage ra...
Q: A consumer is faced with the following utility function, U(x1 x2)=(xp1 1+xp2)1/p, where 0<p<1. The c...
A:
Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this af...
A: Price control is undertaken by the government to increase the welfare in the economy. Price ceiling ...
Q: 4. The real GDP in the first quarter of 2020 was found to be $500,000 and the number of hours worked...
A: 2020 data:- Real GDP = $500,000 No of hours worked = 5000 2021n data :- Real GDP rose to = $720,000 ...
Q: In the COMPLEX AD/AS model assume actual real GDP is $19.2 trillion, the price level (GDP Deflator) ...
A: In the AD-AS model, equilibrium occurs at the intersection of AD and AS curves.
Q: 4. Consider the following strategic environment involving a firm manager (Manager) and two workers (...
A: Given, One ManagerTwo Players : Worker 1 and Worker 2Both Workers have the same strategies : Work h...
Q: 5. If the marginal revenue function for a manufactures product is 6. +5 ; find the demand function. ...
A: Given: The marginal revenue function is: MR = 6Q + 22 + 5 To Find: The demand function:
Q: What is the opportunitiy cost of having health insurance? What is the opportunity cost of not having...
A: The potential gains that an individual, investor, or organisation misses out on when choosing one op...
Q: The higher the reserve requirement ratio, the greater the fractional reserve banking system can mult...
A: In an economy, fractional reserve banking refers to the system in which commercial banks general hol...
Q: Suppose that there are two firms in a market, firm 1 and firm 2. The market is declining in size. Th...
A: Introduction Initially there are two firms in the market. The game will start at period 0 and goes o...
Q: Robert wins $5,000,000 at the lottery; however, he is not going to receive the full prize immediatel...
A: To find the present value of future cash inflows, we discount the values of future cash inflows with...
Q: What is meant by the term exchange rate .
A: The rate at which one currenccy of a nation is exchanged to another is commonly known as an exchange...
Q: The rate of inflation in Zimbabwe rose in 2018 from 10.6% to 577.21% in 2020. What was the positive...
A: Inflation shows the increase in price level of goods and services in an economy.
Q: Games 2. Consider the following game. Bob R Ann U (2,2) (20,0) D (0,20) (19,19) L a. Find all Nash e...
A: a. Nash Equilibria is a decision-making theorem where a player can achieve the maximum outcome by no...
Q: Define privatization in 30 to 40 words.
A: Privatization means:
Q: Bobby has heard the importance of saving early for retirement. He wants to retire in 35 years. But h...
A: Given, Monthly Savings : $600 (PMT)Time to retire : 35 yearsTime to start savings : Now i.e 0Time r...
Q: P1. Let’s assume there are only 2 countries that produce 2 good. More specifically, suppose that t...
A: Given: The US can produce 40 units of Wine with 1 unit of productive resources and 40 units of Cloth...
Q: Question 6 Below you find the supply determined model for the closed economy: Y; = A - crt-1 (IS cur...
A: Phillips curve shows the inverse relationship between the inflation rate and unemployment rate. The ...
Q: 3. The effect of negative externalities on the optimal quantityof consumption Consider the market fo...
A: Negative externality refers to spill-over cost on society which is not a part of consumption or prod...
Q: The optimal level of production for any company is the level of production that either maximizes pro...
A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process. Tot...
Q: What does diminishing marginal product suggest? A. additional units of output become less costly a...
A: (13) The marginal product curve is inverted U shaped The marginal cost curve is U-shaped. ---------...
Q: 1. A factory produces 1,500 electric machines per annum. The variable cost per machine is Rs. 100. T...
A: Marginal cost is the change in total cost or total variable cost per unit change in output.
Q: 40 The following cost data is for a firm which is selling in a perfectly competitive market It the m...
A: In perfectly competitive market prices constant so it is equal to marginal revenue. Profit is maximi...
Q: Price 10 9 8 7 6 5 4 2 1 D 10 20 30 40 50 60 70 80 90 100 Quantity a. Suppose this market exists as ...
A:
Q: What acts are considered as a violations of the Intellectual Property Code?
A: Violations of protected innovation can be an enormous worry for a business because of the way that p...
Step by step
Solved in 2 steps
- Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation?Suppose a small island nation, called Econland, has a population of 100,000 people. The labor force consists of 60,000 people, out of which 55,000 are employed and 5,000 are unemployed. Calculate the following economic indicators for Econland: Unemployment Rate Labor Force Participation RateEmployment Rate Population Growth Rate (Assuming the previous year's population was 95,000): Round your answers to the nearest two decimal places.What was the February 2022 US unemployment rate?
- Is a decrease in the unemployment rate necessarily a good thing for a nation? Explain.In low-income countries, does it make sense to argue that most of the people without long-term jobs are unemployed?Which of the following is correct? a. Short run fluctuations in economic activity happen only in developing countries.b. During economic contractions most firms experience rising sales.c. Recessions come at regular intervals and are easy to predict.d. When real GDP falls, the rate of unemployment rises.
- Explain what will happen in a nation that tries to solve a structural unemployment problem using expansionary monetary and fiscal policy. Draw one AD/AS diagram, based on the Keynesian model, for what the nation hopes will happen. Then draw a second AD/AS diagram, based on the neoclassical model, for what is more likely to happen. Is it possible to protect workers from being fired without distorting the labor market?During the course of the twentieth century, the average workweek in the United States has gotten shorter and Americans have enjoyed greater amounts of leisure time. How has this development affected potential GDP and labor productivity?Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation? And is a decrease in the unemployment rate necessarily a good thing for a nation? Explain.
- what is the "Old Growth Theory," and what role does it play in Macroeconomic policy?We consider two countries A and B in a given period. It is observed that in the A and B the average growth of labour is equal (2%) according to employment statistics but the average GDP growth rates in A and B are respectively 5% and 4%. What are the alternative explanations of this GDP growth rate differences?Which of the following is correct?A. Nominal GDP uses the price level from the benchmark year to adjust for inflation / deflation.B. According to Doug Irwin, the 'limit to globalization' arises due to the large size of the service sector. C. Conventional (non-PPP adjusted) GDP per capita overstates the true extent of income levels of poorercountries.D. Small countries tend to have small openness (i.e., (exports+imports)/GDP).E. Ad valorem equivalent of specific tariffs are not affected by inflation / deflation.