1. Why do Black and Latino employees have a greater propensity to part-time work as opposed to full-time work.  What do you suspect would be the reason and why?

2. The most recent unemployment rate as reported by the Bureau of Labor Statistics for May 2020 was estimated at 13.3%.  The statistics below (in 1,000s) are derived from that report:

• Employed: 137,242
• Unemployed: 20,985
• Discouraged Workers: 662

If discouraged workers were counted as part of the unemployed, the unemployment rate would change from 13.3 percent to what percent?  Please show your work.

3. Explain why COVID-19 would be contributing to the number of underemployed workers.

1. III. Discuss Canada’s central bank – The Bank of Canada – in detail. Discuss all the features below
2. 1. The origins of the bank
3. 2. The formal structure of the bank
4. 3. The four main areas of responsibility
5. 4. The independence – make a case for and against independence of the bank
6. 5. What are the implications of the presence of the Bank of Canada with respect to the changing nature of the world today?

4. Unemployment rate is defined as the ratio of which of these:

     a) labor force to the population 16 years old or older.

     b) number of people unemployed to total population.

     c) number of people unemployed to the total population 16 years old or older

     d) none of the above

9. Assume that in 2018, the population 16 years old or older in a small town was 16,500 people,

   the number of employed was 11,000 people, the number unemployed was 2,500 people, the

   labor-force participation rate in 2015 was ------%.

1. 81.81%   (b) 90.91%    (c) 136.36%   (d) 71.43%

10. Which of the following represent the labor-participation rate?

1. the ratio of employment to the labor force
2. the ratio of labor force to the population over 16
3. the ratio of employment to the population over 16
4. the ratio of the labor force to employment

11. If the number of unemployed equals 4.7 million, the number of employed equals 100.3

    million, the labor force equals 125.8 million, and the total population 16 years of age and

    older is 150.6 million, the labor-force participation rate:

1. is 3.1%
2. is 66.6%
3. is 3.7%
4. is 83.5%

How should we define energy economics in this course and why? Why are you interested in energy economics? Does ghana face an energy problem if so what is it

Consider the following industry where the inverse market demand is given by the function: p=180-Y where Y is the total market output. There are two firms in the market, each has a total cost function: ci (yi)=3(yi)2 where i=1,2 is the label of the firm. Suppose the firms act as Cournot duopolists. What output level will each firm produce in order to maximize profits?.

which groups are over-represented and which are under-represented in state legislatures?

What do you think about the democratic deficit? What is it? is it a problem?

Why do you think social democratic party support has plummeted in recent elections in many Western European countries?

What do the basic models of international factor movements between two countries predict with regard to the impact on factors from each country and overall output? In reality are the results the same as would be predicted in this model? If they are different, explain why this is the case.

Why are Franchisees willing to pay a substantial sum of money to acquire a Franchise (like McDonald’s or Starbuck’s)?

• Though they used a smilar methodology and based themselves on labour theory of values, Ricardo became a prophet of capitalism of his age, while Marx defended socialism. How?
• Genius can have strange indirect effects… But successors connot continue on the level of the genius. One aspect of the great man, probably that which suits later conditions, is chosen, much of the rest probably rejected.’ Use this quotation to briefly criticize orthodox economics?
• Ricardo states that the principal problem in political economy is to determine the laws which regulate the distribution of the produce of earth among social classes. Why, you believe, he felt a need to constrain the scope of economics after Smith?

Which phase of the business cycle is the U.S. economy in right now? What happened to the U. S. unemployment rate for the last two months? Explain in terms of economics What is your prediction of unemployment situation in the U.S. after the COVID 19 pandemic? Explain in terms of economics.