Q: Suppose a country can produce a maximum of 20,000 jumbo
Suppose a country can produce a maximum of 20,000 jumbo airliners or 2,000 aircraft carriers. (a) What is the opportunity cost of an aircraft carrier? (b) If another country offers to trade six pl...
See AnswerQ: Complete the following chart by summarizing the policy prescriptions of various economic
Complete the following chart by summarizing the policy prescriptions of various economic theories:
See AnswerQ: The following table displays Congressional Budget Office forecasts of federal budget balances
The following table displays Congressional Budget Office forecasts of federal budget balances for the following fiscal years. Compare these forecasts with actual surplus and deficits for those same ye...
See AnswerQ: According to the World View on page 394, (a
According to the World View on page 394, (a) Which country had the greatest macro misery in the 2000s? (b) Which country had the fastest growth?
See AnswerQ: If the unemployment rate stays two percentage points above full employment for
If the unemployment rate stays two percentage points above full employment for an entire year, (a) How many jobs will be lost in a labor force of 155 million? (b) If the average worker produces $105,0...
See AnswerQ: What is the annual rate of productivity advance implied by Moore’s Law
What is the annual rate of productivity advance implied by Moore’s Law?
See AnswerQ: Why frictional unemployment is deemed desirable?
Why frictional unemployment is deemed desirable?
See AnswerQ: The real (inflation-adjusted) value of U.S
The real (inflation-adjusted) value of U.S. manufacturing output and related manufacturing employment was (a) How many manufacturing jobs were lost between 2000 and 2010? (b) How much did outp...
See AnswerQ: If output per worker is now $100,000 per year
If output per worker is now $100,000 per year, how much will the average worker produce 10 years from now if productivity improves by (a) 2.0 percent per year? (b) 3.0 percent per year?...
See AnswerQ: In 2011 approximately 59 percent of the adult population (230 million
In 2011 approximately 59 percent of the adult population (230 million) was employed. If the employment rate increased to 62 percent, (a) How many more people would be working? (b) By how muc...
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