During the course of a year, the labor force consists of the same 882…
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During the course of a year, the labor force consists of the same 882 people. Of these, 17 lack skills that employers desire and hence remain unemployed throughout the year. At the same time, every month during the year, 40 different people become unemployed, and 40 other different people who were unemployed find jobs. There is no cyclical unemployment.c. Suppose that a system of unemployment compensation is established. Each month, 40 new people (not including the 17 lacking required skills) continue to become unemployed, but each monthly group of newly unemployed now takes two months to find a job. Calculate the frictional unemployment rate after this change. %.(Enter your response as a percentage rounded to two decimal places).
You have been contracted by the government of your country to provide recommendations on the regulation of the national textile
You have been contracted by the government of your country to provide recommendations on the regulation of the national textile industry. Currently, the textile industry which resembles features of the perfectly competitive market is completely unregulated. Using the concepts covered in the class, please provide your advice to the problems below. Production of textiles pollutes the groundwaters which negatively affects people and animals living in its vicinity. a. What policy would you suggest to bring the production to the socially efficient level? [1pt] b. Explain the logic behind the policy both in words [1pt] and using a graph [1pt]. Explain why you would want to correct the market equilibrium and what is the effect of your suggested policy on the equilibrium quantity and equilibrium price.
Instructions: Decide whether each statement is true, false or uncertain and explain your answer. A few sentences should suffice. -The
Instructions: Decide whether each statement is true, false or uncertain and explain your answer. A few sentences should suffice. -The AFP for a health plan covering 80% of all medical expenses will be 20% lower than the AFP for a health plan covering 100% of all medical expenses. -Managed care plans are less attractive to consumers than traditional health plans because traditional plans don’t try to “manage” utilization of high-cost treatments. -Under a FFS payment system, physicians have an incentive to encourage higher-priced treatments over lower-priced ones. -By forbidding insurers from charging higher premiums to persons with pre-existing conditions, the ACA helped reduce adverse selection problems in the nongroup market.
Anda adalah seorang manajer dari sebuah perusahaan yang menjual bahan makanan di pasar persaingan sempurna. Diketahui fungsi biaya C =
Anda adalah seorang manajer dari sebuah perusahaan yang menjual bahan makanan di pasar persaingan sempurna. Diketahui fungsi biaya C = 2Q 3Q2 . Sayangnya karena kelambanan produksi akibat wabah penyakit membuat anda harus membuat keputusan lebih awal terkait output untuk mengetahui secara pasti harga yang berlaku di pasar. Anda percaya bahwa terdapat 70% peluang harga pasar akan menjadi $200 dan 30% peluang harga akan menjadi $600.
The marginal benefit of building height (hMB hMC ha. Calculate the profit-maximizing building height. ) is = 60 ,
Economics Assignment Writing ServiceThe marginal benefit of building height (hMB hMC ha. Calculate the profit-maximizing building height. ) is = 60 , and the marginal cost of building height is = 4.b. Calculate the willingness to pay for the office land (on which this building will sit). c. Suppose that the area around where the building is going to be located comes inhigh demand, so the marginal benefit of building height is now MB2 = 120 h.Marginal cost is unaffected. What happens to the profit-maximizing building height? d. Recalculate the willingness to pay for the office land.
https://www.evatt.org.au/post/the-imf-and-a-new-global-politics-of-inequality First read the article “The IMF and a New Global Politics of Inequality?”. Next, use the followingquestions to guide
https://www.evatt.org.au/post/the-imf-and-a-new-global-politics-of-inequality First read the article “The IMF and a New Global Politics of Inequality?”. Next, use the followingquestions to guide your analysis of the article:1. Is the IMF in effectcausing and/or contributing to inequality?2. What policies, after reading the article, do you think would work best in reducing inequality in developing countries, but carefully and thoughtfully select some policies that you think would make a difference and explain your thinking; use sources to support your arguments.
Initially Onassis was to supply 500,000 tons of tankers, and as the ARAMCO (the US-controlled Saudi oil concession) fleet became
Initially Onassis was to supply 500,000 tons of tankers, and as the ARAMCO (the US-controlled Saudi oil concession) fleet became obsolete, SAMCO would replace their ships with its own. In May King Saud ratified the treaty and Onassis’ biggest tanker, launched in Germany, was named the Al Malik Saud Al-Awa in his honor. Needless to say, the oil companies did not welcome a private shipowner controlling this strategic oil resource, nor did the American government. ARAMCO turned away Onassis’ tankers from its terminal and the US State Department pressed Saudi Arabia to drop the agreement. Onassis became the target of an FBI investigation and the coup became a disaster. As the shipping cycle turned down in the summer of 1956, Onassis’s tanker fleet was laid up. Then he got lucky. On 25 July 1956 Egypt nationalized the Suez Canal, and in October Israel, Britain and France invaded Egypt to win back control. During this conflict Egypt blocked the Canal with 46 sunken ships and Middle East oil bound for the North Atlantic had to be shipped by the long route around the Cape of Good Hope. Tanker rates surged from $4 per ton to more than $60 per ton and Onassis was ideally placed to take advantage of the boom. In six months he made a profit of $75-80 million, equivalent to $1.5 billion at 2005 prices. But that was not the end of the story. Believing that the Egyptian government was not capable of reopening the Canal, Onassis expected it to be closed for several years, leading to a strong tanker market. When his aide Costa Gratsos urged him to take some time-charter cover, he told him: ‘I’m hot, Costa, I’m in front of the parade. I’ve got the touch; I don’t even have to breathe hard. Why the hell should we crap out now?’ Costa Gratsos did not agree and secretly chartered 12 tankers to Esso for 39 months. When he found out, Onassis hit the roof, but he had misjudged the capability of the Egyptian government. The Canal was reopened only a few months later in April 1957, just as the US economy was slipping into its deepest recession since the 1930s and tanker rates slumped. Onassis had allowed himself to be caught up in a wave of market sentiment. Reluctantly he admitted, ‘you read it right. I read it wrong’.13 He had misjudged Egypt’s ability to reopen the canal, a matter which the right information and analysis could have addressed (though to be fair this is more obvious with hindsight than it was at the time). The trouble is that information of this type is difficult to obtain and analyze, especially against the background of a booming market, so forecasters have to be versatile. This is the stuff of legends, and Onassis was not the only entrepreneur to make a fortune in ship owning. Livanos, Pao, Tung, Bergesen, Reconati, Niarchos, Onassis, Lemos, Haji-Ioannou, Ofer and Fredriksen are just a few of the families who have become fabulously wealthy in the shipping business during the last half century. But not everyone makes a fortune in shipping. As we saw in Chapter 3, shipping companies face endless recessions and average returns tend to be both low and risky in the sense that investors never know when the market will dive into recession.” (Stopford, 2015) why was Onassis’s tanker fleet laid up? What does it mean for the shipping world that the economy soured? How will that impact the shipping cycles? What is the impact on the supply and what situation do you expect in the shipping market: surplus or shortage. What corresponds to a shortage or surplus: more ships than cargo, less and so on.
The following transactions take place in 2000: 1. An elderly couple go to the movies and pay $150 for the
The following transactions take place in 2000: 1. An elderly couple go to the movies and pay $150 for the tickets.2. A family sells numerous knick-knacks at a garage sale for $125.3. A young executive buys 100 shares of IBM for $10,000.4. A college student receives $800 from his parents. 5. A young couple down on their luck receive food stamps worth $230. 6. A plumber performs work for a neighbor and receives $125 in cash that he doesn’t record in his company’s records.7. A physician operates on a friend’s husband and charges $2,000 for the operation instead of her usual $5,000.8. A teenager paints the porch on his parents’ house. The paint cost $95. The cost of hiring a professional to do the job would have been $400.9. A high school graduate works a summer job and makes $7,000.10. The Federal Reserve Bank sells a bond for $2,000.The addition to gross domestic product isA. 13,525B. 25,525C. 9,245D. 17,645
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