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Describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment?
Microeconomics, Economics
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Question: Explain how you would create a government program that would give an incentive for labor to increase hours and keep labor from falling into the poverty trap. The response must be typed, single spaced, must be i ...
Question: Suppose inputs are only substitutable at two units of labor for every one unit of capital and one unit of output is produced for every unit of labor or 1/2 unit of capital. What would be the equation for the pr ...
Question: What's the taxable equivalent yield on a municipal bond with a yield to maturity of 7.00 percent for an investor in the 33 percent marginal tax bracket? (Round your answer to 2 decimal places.) The response mus ...
Question: The market process (the forces that bring us closer to equilibrium) is said to solve the knowledge problem. What is the knowledge problem? What aspects of markets help to mitigate the knowledge problem? Provide ...
Question - A collectivity consists of three persons, A, B, C. Demand for some collectively provided service, x, being for person A, P = 40/x; for person B, P = 20/x; and for person C, p = 10/x. The marginal cost is 10. ( ...
Question: The first reading you had this semester was I, Pencil. What was the lesson of this reading? How would a tax on lumber affect the coordination of all actors needed to make a pencil? Do you think this would resul ...
Question: Economic Cycle Curves Construct the AD, SRAS, and LRAS curves for an economy experiencing (a) full employment, (b) an economic boom, and (c) a recession. What will happen in each case if it's only temporary? Wh ...
Question: An auto manufacturer gives franchised dealers exclusive service territories, and the law allows dealers to set prices as they wish. Why might you expect the dealer and manufacturer to disagree about the price t ...
Question - Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs were $200,000 (assume that this amount represents the total opportunity cost of th ...
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