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- The middle-class share of income in the US has fallen steadily since the 1960's. The decrease in the overall wealth of the middle-class may be largely attributed to: O Job instability O Increased worker wages O Decreased union membership Specialization of work among workersThe economic downturn in 20082009 resulted in the loss of jobs and an increase in delinquent loans for housing. In projecting where the real estate market was headed in the coming year, economists studied the relationship between the jobless rate and the percentage of delinquent loans. The expectation was that if the jobless rate continued to increase, there would also be an increase in the percentage of delinquent loans. The following data show the jobless rate and the delinquent loan percentage for 27 major real estate markets. Source: The Wall Street Journal, January 27, 2009. a. Compute the correlation coefficient. Is there a positive correlation between the jobless rate and the percentage of delinquent housing loans? What is your interpretation? b. Show a scatter diagram of the relationship between the jobless rate and the percentage of delinquent housing loans.Which statements are TRUE? 1. Minimum wage laws check the problem of purchasing power of income and solve income inequality. 2. In developing countries, demographic transition was slower than in developed countries. 3. Rural-urban migration can be prevented primarily through provision of free education. 4. Agglomeration refers to the coming together of firms whose products are correlated in a location thus allowing for the coming together of their workers. 5. Prisoner’s Dilemma takes place when the actions taken by one firm gives the incentives for other agents to take similar action.
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- Question Covid 19 has caused an economic meltdown globally. Suppose, you are an owner of a popular export oriented readymade garments company in Bangladesh. How would your business have impacted due to the Corona outbreak? Answer the question based on your knowledge of product cost, period cost and CVP analysis ONLY.More than half of the residents in Islamabad are from other cities they do not own a house. These renters are either supposed to pay heavy rent in the twin cities or they have to travel from faraway places like Texila, Wah Cantt, Rawat etc. The problem with the second possibility is that these days there is rapid increase in the fuel price therefore; the second possibility of cheap shelter is creating an increasing burden in the form of rising cost of daily commute. In the recent past Government of Pakistan introduced Naya Pakistan Housing Scheme. The issue with the Naya Pakistan Housing Scheme is that the banking sector does not want to facilitate those individuals who want to buy a house in a private society. In addition, the government also failed to construct the promised low cost houses/apartments. Suppose your organization is planning to facilitate government by introducing low cost 800 square feet apartments. You have to analyze the following data; right now cost of land for an…Discuss the US poverty level. Include the issues with public education, housing, American food deserts, and very low min. industry wages in your essay.
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