How is the coronavirus pandemic affecting the labour market and education plans for Canadian University students? (Students may have lost their ability to support themselves through work or with help from family, there may be foreign students who face travel restrictions, etc., some may be graduating into a market with poor employment prospects while carrying large student loans, etc. List all the possible problem scenarios that you can think of.)
In: Economics
Question 8. There are two types of works: some have a high productivity, aH, and some have low productivity, aL. Workers can get a job after leaving high school or they can 2 go to college at a cost of cH for high productivity workers and cL for low productivity workers. Assume that aH > aL > 0 and cL > cH > 0. Education has no impact on productivity. Describe a separating equilibrium in which employers pay workers a wage equal to the expected productivity conditional on the level of education. What conditions must be satisfied by the parameters aH, aL, cH and cL in order for such as separating equilibrium to exist?
In: Economics
Suppose that assets of the First Bank consist of reserves held in cash and it has enough to meet the reserve requirement; long term loans the First Bank made in the past were to reliable borrowers and should eventually be repaid in the future, and low risk long-term U.S. Government bonds. Is it correct to say that since the First Bank has invested its assets wisely, the bank will be fine if there is a run on all banks and the depositors at the First Bank immediately close their accounts and withdraw cash? Why or why not? What could the Federal Reserve do to help?
In: Economics
The unemployment rate statistic published by the Bureau of Labor Statistics may underestimate the magnitude of the unemployment problem in the economy because
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"all part-time workers are counted as ""employed"" even though some would prefer to work full-time (i.e. are underemployed)." |
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some workers are working in jobs for which they are overqualified (also underemployed). |
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"""discouraged workers,"" who are no longer looking for work, are not counted in the labor force." |
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all of the above. |
Underemployment includes the following:
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People employed part time who would prefer full-time work (part time for economic reasons) |
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Those working in jobs below their qualifications and preferred level (e.g. a PhD pumping gas) |
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Discouraged workers |
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All the above |
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"All, but the discouraged workers " |
Which of the following is NOT a problem in using economic statistics?
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Using GDP statistics to compare income in the U.S. and Bangladesh may be inaccurate because household production (non-market) is a much higher percentage of the economy of Bangladesh. |
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"Using the published CPI statistics to calculate changes in the purchasing power of your income is inaccurate because the CPI is calculated for the ""average consumer's"" spending pattern." |
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"The same statistics are often interpreted differently by different politicians and reporters, which makes it difficult to understand what is really happening without understanding how the statistics were calculated." |
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Government statisticians in the U.S. frequently distort the numbers. Which of the following transactions is directly measured as part of GDP ?
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In: Economics
When production of goods and services rises what does it means in terms of economic growth? please explain thoroughly
In: Economics
In the Kingdom of Westeros suppose money supply is $0.5 million, nominal GDP is $10 million, and real GDP is $5 million during this year.
Calculate the price level and the velocity of money for Westeros this year.
Suppose velocity is constant and the Westerosi economy grows in real terms by 5% next year. What will happen to nominal GDP and the price level if the central bank in Westeros keeps the money supply constant? Please explain your answer briefly.
If the central bank wants to keep the price level stable in Westeros, what should it do to money supply instead? Please state clearly how much money supply would need to change and explain your answer briefly.
If the Westerosi central bank wants to have an inflation of 2% (rather than keep prices stable), how should it set money supply? Please explain your answer briefly.
In: Economics
explain the meaning of the torch as symbol in writing
In: Economics
1. What, exactly, are “inventories”? What are the three ‘types,’ or areas, of inventories? 2. Why does a firm hold inventories? In theory, why did that hypothetical car company hold 400,000 cars?? Please discuss three reasons. 3. If our sales volume jumped wildly from month to month, why would it be difficult to match production volume with sales volume each month? 4. What will happen to our “400,000 cars, produced but not yet sold” inventory if, in theory, interest rates were to double, from, say, 10% to, say 20%? Why?
In: Economics
What do you think of different prices for different segments? Do you see any dilemmas?
In: Economics
Evaluate how the major branches of Islam, Sunni and Shia, create conflict. Your response should be a minimum of 200 words.
In: Economics
In: Economics
What is a possible scenario planning and payoff matrices of the business Beyond Meat? (open question)
In: Economics
In: Economics
State a reason(s) why supply-side economics has not reduced income inequality?
In: Economics
Explain the paradox that establishing a union can increase both wages and employment, but once the union is established it must trade off increases in one for the other.
In: Economics