In your words explain what is RACE. Please make sure not to limit your answer just to the physical features. I'm interested to read your opinion on how you think the concept have been utilized at the social, economic and government levels.
In: Economics
In five hundred words:
Explain the oligopoly problem , collusion strategy , Cartel with Examples and the conditions on how can they earn higher profits.
In: Economics
Do any types of security actions regarding employee theft infringe on an employee's right to privacy?
In: Economics
In: Economics
In: Economics
In a perfectly competitive industry, each firm has a total cost function of TC = 400 + 10q + q2 and a marginal cost curve of MC = 10 + 2q if it produces a positive quantity of output q. If a firm produces zero output it has no costs. The market price is $50. Which statement is true?]
a. Each firm produces 20 units of output; the industry will require entry to reach its long-run equilibrium.
b. Each firm is producing 25 units; as the firm is making short-run profits, the industry is not at its long-run equilibrium.
c. Each firm is producing 25 units; the firm is covering its variable costs, but making a short run loss.
d. Each firm is producing 20 units; the firm will continue producing in the short run, but will consider exiting in the long run as it is not covering its total costs of production.
e. Each firm produces 20 units of output; the market is in its long-run equilibrium.
In: Economics
At a compound interest of 5% per year, the amount that $10,000 one year ago is equivalent to now is closest to: Group of answer choices less than $8,000 between $8,000-9,000 between $9,000-10,000 greater than 10,000 None of the answers is correct
In: Economics
The labour force participation rate is
Select one:
the percentage of the working-age population who are employed
the percentage of the labour force who are unemployed or employed
the percentage of the working-age population who are either unemployed or employed
the percentage of the labour force who are employed
equal to the employment rate plus the unemployment rate
Question 2
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Which one of the following people is structurally unemployed?
Select one:
a Saskatchewan welder who lost her job when her company relocated to B. C. and is currently looking for a job
a Nova Scotia fishery worker who is searching for a better job closer to home
a steel worker who is laid off but who expects to be called back soon
an office worker who has lost her job because of a general slowdown in economic activity
a student who recently graduated and is looking for work
Question 3
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If the people who take early retirement are not counted in the working-age population, then
Select one:
the unemployment rate would be lower
the labour force participation rate would be less
the unemployment rate would be higher
the labour force participation rate would be higher
the number of discouraged searchers would decrease
Question 4
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People become unemployed when they
Select one:
retire
are on maternity leave
quit working to go to university
leave college and start seeking work
become discouraged searchers
Question 5
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If the economy is at full employment, then
Select one:
the entire population is employed
the entire labour force is employed
the only unemployment is frictional unemployment plus discouraged searchers
the unemployment rate is less than 3 percent
all unemployment arises from normal frictions and structural change
Question 6
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If the economy is at full employment,
Select one:
the entire population is employed
the entire labour force is employed
the only unemployment is frictional unemployment plus discouraged searchers
real GDP equals potential GDP
all unemployment is cyclical and structural
Question 7
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In a recession, typically
Select one:
unemployment decreases
the labour force participation rate increases
the employment rate decreases
the employment rate increases.
the labour force participation rate does not change.
Question 8
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In a country with a working-age population of 20 million, 14 million are employed, 1.5 million are unemployed, and 1 million of the employed are working part-time, half of whom wish to work full-time. The size of the labour force is
Select one:
20 million
15.5 million.
14.5 million
14 million
12.5 million
Question 9
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In a country with a working-age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part-time, half of whom wish to work full-time. The unemployment rate is
Select one:
10 percent
9.1 percent
13.6 percent
18.2 percent
2 percent
Question 10
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Which one of the following people would be counted as unemployed in Canada?
Select one:
Veena is not working, but she is looking for a full-time job.
Kathy has stopped looking for work since she was unable to find a suitable job during a one-month search.
Sharon is a university student with a job.
Christos was laid off from his job a month ago and has not been looking for a new job, as he is waiting for a severance package from his former employer.
Benoit was laid off when his firm closed down two months ago and has not been looking for work, as he is going back to school.
In: Economics
Is economic growth the cause of global income per capita inequality? Explain this by referring to the East Asian Miracle countries as example.
In: Economics
Why do returns to specific factors change by more than returns to mobile factors when international trade changes relative prices?
In: Economics
1,Ceteris paribus, which countries would you expect to rely MORE on foreign trade as a percentage of their economic activity?
A larger countries, like the US.
B smaller countries, like Sweden
2. An economy’s net exports always equals (choose one or both)
A the difference between its saving and its investment
B its trade balance
3. An economy’s trade balance always equals (choose one or both)
A net capital outflow
B net foreign investment
In: Economics
The United States has acted to restrict imports of certain Chinese goods, such as toys containing lead and seafood that doesn’t meet US health standards, in order to protect U.S. consumers. Some people have said this shows a double standard: If we are willing to restrict goods on these grounds, why shouldn’t we restrict imports of goods that produced with badly paid labor in Bangladesh, Laos, Vietnam and Haiti, just to name a few of such places. Evaluate why is or is not this argument valid? Provide political economy rationale for such a policy.
In: Economics
Research Project including Research Methods.
What is the importance of referencing system while recording data?
In: Economics
It is argued that import substitution is a misguided trade policy if the intent is to promote long-term economic growth. Explain the reasons underlying this argument and discuss this assertion using the following framework: Y↑ = C + I + G + (EXPORTS - ↓IMPORTS)
In: Economics