describe the trends and fluctuations in the unemployment rate above average and in which periods was it was it below average? describe how the labor force participate rate in the United States changed between 1960 and 2013. contrast natural unemployment rate is not zero and why the unemployment rate fluctuates around the natural unemployment rate. explain why the employment rate affects GDP.

Go to The Economist website and search for the Big Mac Index for a recent time period. Compare the Purchasing Power of the United States with another country. Try to choose a country with which you are not very familiar. What does this parity say about the potential standard of living in the country you chose? What does it say about the potential wage level?

Go to The Economist website and search for the Big Mac Index for a recent time period. Compare the Purchasing Power of the United States with another country. Try to choose a country with which you are not very familiar. What does this parity say about the potential standard of living in the country you chose? What does it say about the potential wage level?

The American Bankers Association reported that, in a sample of 150 consumer purchases in France, 60 were made with cash, compared with 23 in a sample of 55 consumer purchases in the United States. Construct a 95 percent confidence interval for the difference in proportions. (Round your intermediate value and final answers to 4 decimal places.) The 95 percent confidence interval is from to .

The American Bankers Association reported that, in a sample of 120 consumer purchases in France, 58 were made with cash, compared with 32 in a sample of 60 consumer purchases in the United States. Construct a 99 percent confidence interval for the difference in proportions. (Round your intermediate value and final answers to 4 decimal places.) The 99 percent confidence interval is from __ to __ .

Italy produces some of the world’s best wine. In fact, there are a number of other countries that produce exquisite wines including France, Spain, Argentina, the United States, and Australia. Could we argue that Italy has comparative advantage in the production of wine? If so, briefly discuss the different factors that might explain why Italy has comparative advantage in the production of wine.

Entrepreneurship and Effective Small Business Management, Student Value Edition (11th Edition)

List and explain at least five steps businesses can take to minimize losses to shoplifting.

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Explain how we measure economic growth and discuss three specific things that government could do to improve economic growth in the long run. Our current unemployment rate is 3.6% in the United States. Explain as clearly as possible what that 3.6% means (where does that number come from?) Then explain how that compares to our goal for unemployment.

When the economy is in recession, government revenue falls due to a falling tax base. Therefore the proper role of government should be to increase taxes and cut spending so as to balance the Federal budget. Do you agree? Why?

“Money not backed by gold or silver is worthless paper and is a fraud committed against the people of the United States.” Critically evaluate this statement.