Unemployment Here are four individuals telling you their stories of how they became unemployed. In a multi-paragraph essay, apply the theories of unemployment to explain the type of unemployment that each of these individuals is facing and explain which of these individuals qualifies for unemployment benefits: Two months ago, Marcelle used to work full time in an automobile manufacturing firm. "The factory where I used to work has closed because our market contracted so much, and so I was laid off. This is happening to people all over the country-all you see in the papers is that economic growth has fallen and incomes across the country have fallen. I have been looking very hard for a new job, but have had no luck yet." Until last week, Dominic used to work full time as a hair-dresser in downtown Cincinnati. "I decided to quit my job, because I want to move to New York City." Until last month, Francine worked part time at a ski resort. "Well, it is summer now, and so the resort is closed. I will apply again in the winter when the snow is back. I am not interested in working until then." Two months ago, Beauvoir had been working full time as a secretary. "I was a good typist, but I don't know how to use a computer. My boss wanted to upgrade the office to computers, and so I was replaced by someone who is computer-savvy. I have been looking for another job, but it appears that I need to learn some computer skills." Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.
In: Economics
Here are some hypothetical numbers used to illustrate the ideas
of trade-offs, specialization, and comparative advantage. Assume
Sri Lanka, using all her resources efficiently, can produce either
1,000 bags of rice OR 3,000 bags of tea. Let's also assume that,
using all her resources efficiently, Kenya can produce either 1,000
bags of rice OR 1,000 bags of tea. Further, assume that the
countries have similar resource endowments and that, initially,
they are not trading with each other. Therefore, each of the
countries has to produce both rice and tea for its citizens.
Suppose that, in the no-trade situation, Sri Lanka was consuming
400 bags of rice and 1,800 bags of tea, and in the no-trade
situation, Kenya was consuming 500 bags of rice and 500 bags of
tea.
Now, let's play a fun game called the "Trading Game" to figure out
whether there is any benefit (in terms of increased consumption
possibilities) for these two countries if they trade with each
other. You are given the following information to start the
"Trading Game". The trading price is set at one bag of rice for two
bags of tea, and Kenya wishes to keep at least 550 bags of rice
after trade.
Apply your knowledge of opportunity cost to identify the
comparative advantage enjoyed by each country. Now using your
knowledge of specialization and trade, show in a multi-paragraph
essay, that the two countries can benefit by consuming more of both
goods after trade.
Develop a response that includes examples and evidence to support
your ideas, and which clearly communicates the required message to
your audience. Organize your response in a clear and logical manner
as appropriate for the genre of writing. Use well-structured
sentences, audience-appropriate language, and correct conventions
of standard American English.
In: Economics
In: Economics
Which of the following is NOT a possible government activity that can assist in economic issues that could influence long-run growth?
Group of answer choices
Controlling excess inflation.
Allowing excess short-term growth.
Investing in infrastructure.
Regulating business activities.
In: Economics
Which of the following is NOT an argument against economic growth? Group of answer choices
Growth may deplete resources.
Growth is often inequitable.
Growth has negative environmental impacts.
Growth leads to an expansion of power.
In: Economics
In: Economics
In: Economics
What were the principal causes of industrial disputes and strikes between management and workers in Britain Motor Industry from 1945?
In: Economics
7. Please answer questions 7a through 7c below. You produce widgets. Currently you produce 4 widgets at a total cost of $40.
7a. What is your average cost of producing widgets? Please show calculation and work.
7b. Suppose that you could produce 6 widgets and the total cost of producing 6 widgets is $30. If you produce 6 widgets, what will your average total cost be? Compared to your answer in 3a, has your average total cost increased or decreased and does your firm experience economies of scale or diseconomies of scale and why? Please show your work and calculations and then explain.
7c. Suppose that you could produce 10 widgets and the total cost of producing 10 widgets is $120. If you produce 10 widgets, what will your average total cost be? Compared to your answer in 7b, has your average total cost increased or decreased and does your firm experience economies of scale or diseconomies of scale and why? Do you think your firm will experience some problems if your firm does experience diseconomies of scale? If so, why? If not, why not? What can you, as a manager of the widget company, do to correct this problem? Explain. Please show your work and calculations and then explain.
In: Economics
1) The amount of time analyzed whether to buy a product is quite long. The demand for this product is
elastic or inelastic
2) The proportion of the budget spent on the item is very small. The demand for this product is
elastic or inelastic
3) An increase in the quantity demanded could be caused by: (if the product is a superior good with substitute and complementary goods. Choose all of the correct items)
a) an increase in the price of substitute goods
b) a decrease in the price of complementary goods
c) an increase in consumer income levels
4) There are lots of substitutes available. The demand for this product is
elastic or inelastic
5)The product is highly durable. The demand for this product
is
elastic or inelastic
In: Economics
1. Using diagrams, illustrate how the price (P) and the demand (d) for a perfectly-competitive firm are determined.
2. Using a diagram, show how the perfectly-competitive firm determines its profit-maximizing output.
3. Differentiate between productive efficiency and allocative efficiency.
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how did various ideologies- whether religious, national, political or racial influence antisemitic thought and behavior between 1789 and 1945?
In: Economics
In: Economics
use money supply and money demand model to show how a decrease in money supply shifts lm curve
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Consider the case of a small open economy with a fixed exchange rate, perfect capital mobility (i.e., interest parity holds), and complete price stability (no ongoing inflation). Explain what effect a decrease in the world interest rate would have on the following domestic macroeconomic variables:
a. The stock of foreign exchange reserves. b. The money
supply.
c. Real GDP.
d. The price level.
e. The real exchange rate.
In: Economics