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React to the following prompt: After you have read chap 15 on ‘Unemployment’ in the textbook, try to compare and contrast among the 3 basic types of unemployment discussed in that chapter in relation to output and real GDP. More specifically, explain which type of unemployment has created most joblessness in the U.S historically thus […]
Economics On Friday, Dixie set up a lemonade stand and determined that if she reduced the price for a glass of lemonade by 4%, she sold 12% more glasses of lemonade. Answer the following questions: (a) What was the price elasticity of demand for lemonade on Friday? (b) Should Dixie raise or lower her price […]
Microeconomics Instructions: Problem 1 The demand and supply functions for hockey sticks are represented by the following equations, where Qd is the number of crates of sticks demanded, Qs is the number of crates of sticks supplied and P is the price per stick in dollars: Qd = 286 – 2P Qs = 88 + […]
Economics Question 4. The local utility company hypothesizes that fuel consumption (natural gas) in their town would be affected by temperature and chill index. The following data was collected for 10 weeks during the winter. Week Fuel Consumption Y(MMcf) Average Temp X1 (0F) Chill Index X2 1 160 30.0 18 2 130 28.0 15 3 […]
Economics Indicate if the following questions are True or False. Explain “Why” your answer is True or False. 1. Firms exist to produce and sell as much as possible. Why? 2. Employing economic cost/profit instead of accounting cost/profit when making business decisions tends to generate more efficient or superior economic results. Why? 3. For a […]
“Economics of the recycling cycle”. “Some stakeholders claim that green industries cause more harm than good to the economy. Is this claim true, and if so what factors make it valid? “.
Lincoln County has hired your economic consulting firm to calculate the net benefits from recreation visits to Seal Rock Wayside. Admission to Seal Rock is currently free. You conduct some field work and initial research that yields the following information: City/Town Miles from Seal Rock Population (1000 s) Number of Vehicles Estimated visitors Visit rate […]
ECONOMICS Prof. Casella Political Economy – W4370 Fall 2022 Problem Set 7 Due before class on Wednesday, November 30th via Gradescope Question 1. This question asks whether voting can play a role in solving free-riding problems in public good provision, and if so why. Imagine a small economy composed of three individuals, 1, 2, and […]
explain what the relationship between poverty and illiteracy is.
Discuss : “MEXICO’S PROGRESA-OPORTUNIDADES-PROSPERA PROGRAM TRANSFERS RISE OF SOCIAL ASSISTANCE IN LATIN AMERICA” (2020).
