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

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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.

Is economic growth the cause of global income per capita inequality? Explain this by referring to the East Asian Miracle countries as example.

Why do returns to specific factors change by more than returns to mobile factors when international trade changes relative prices?

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

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.

Research Project including Research Methods.

What is the importance of referencing system while recording data?

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)

The U.S. is probably the most open international market among the industrialized countries. What then does the U.S. have to gain by joining the WTO? Evaluate the specific functions of the WTO and relate these to the question at hand.

Research Project including Research Methods

Challenges and response of handling social science data ?

            Suppose a hypothetical oil market consists of two oil producers Jack & Jill. Suppose the marginal cost of pumping oil is equal to zero, while the demand for oil is described by the following schedule.

Quantity                               Price                         Total Revenue (and total profit)

0 gallons                                $120                                                               $   0

10                                            110                                                                  1100

20                                            100                                                                 2000

30                                            90                                                                    2700

40                                            80                                                                    3200

50                                            70                                                                    3500

60                                            60                                                                    3600

70                                            50                                                                    3500

80                                            40                                                                    3200

90                                            30                                                                    2700

100                                         20                                                                    2000

110                                         10                                                                    1100

120                                         0                                                                            0

a.         What would be the equilibrium outcome (price and quantity) if the markets were either competitive or monopolistic?

b.         If both Jack & Jill form a collusion, what quantity and price would they try to set?

c.         If both the duopolists don’t act together but instead make production decisions independently, what quantity would they produce and price they would set?

d.         Explain and give reasons for your answers.

Based on the readings, do you think that minimum wage laws affect overall poverty? Explain.

The global economy has seen significant changes since the banking crisis in 2008. Many economies have gone through large-scale austerity programs to reduce deficits. How has this affected the business organizational structure? How has employment and personal income been affected?

1. Describe the term “departmental thought world”.
2. Why do firms have the “departmental thought world”?

Match the term to its definition.

1. Decrease in Supply

2. Increase in Quantity Supplied

3. Increase in Demand

4. Decrease in Demand

5. Decrease in Quantity Supplied

6. Increase in Supply

7. Decrease in Quantity Demanded

8. Increase in Quantity Demanded

Select

A. Buyers want less because price increases.

B. Sellers offer more because price increases.

C. Sellers offer less because price decreases

D. Buyers want more because price falls.

E. Buyers want less at every price.

F. Sellers offer less at every price.

G. Sellers offer more at every price.

H. Buyers want more at every price.

Please provide a business that is doing a great job following the 4Es, and also a business that is doing a bad job and may still be thinking like a 4 Ps organization?