Name and explain the two categories of persons in the labor force.
Q: Links between trade and inequality
A: Trade: Trade is an economic activity which includes the buying and selling of goods and services. Un...
Q: What is the definition of internal rate of return (IRR) (it is efficient to write down the formula)?...
A: The internal rate of return (IRR) is a form of capital budgeting that finds the profits received fro...
Q: Calculate the net cumulative change in aggregate expenditure if taxes were cut by $200 billion and M...
A: Multiplier:Multiplier can be calculated as follows:
Q: Suppose a new regulation lowers the interest rates banks can offer on checking account funds. This w...
A: Money demand is the demand for cash balances by the individuals in the economy.Money supply is the t...
Q: If one gas station reduces its prices, must other gas stations match the price reduction? Why or wh...
A: Price reduction of gas station:If one gas station decreases its price, then the other gas station no...
Q: Only question #1. Little stuck.
A: We have been given the variable - number of people living in a household (X) - and the corresponding...
Q: The accompanying graph depicts average total cost (ATC) marginal cost (MC), marginal revenue (M), an...
A: Dear student, we’ll answer the first question since the exact one wasn’t specified. Please submit a ...
Q: What are two issues with the unemployment rate in any given area?
A: Let us discuss certain concepts related to unemployment rate:Employed: Those people who belong to th...
Q: Suppose that MUx = 10 and MUy = 20. Further suppose that the consumer’s budgetconstraint can be expr...
A: Budget line (or price line): A budget line shows all bundles (i.e. combination of two commodities) w...