differences between genders, and antitrust laws. c. differences in market structure, and how consumers maximize utility. d. None of the above is correct. Which of the following statistics is the best single measure of an economy's well-being? a. the unemployment rate b. the inflation rate c. GDP per capita d. the trade deficit If GDP rises, a. income and expenditure must both rise. b. income and expenditure must both fall. c. income must rise, but expenditure may rise or fall. d. expenditure must rise
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During periods of strong economic growth, we can often experience high rates of unemployment. One of the reasons this may occur is because during recession we are in need of a more skilled workforce as high tech industries will be booming and them sectors will need a large amount of skilled workers. But many unemployed may not have the right skills for this job. Alternatively, we could see geographical unemployment. This occurs when the economy is booming in the south, but unemployed workers in
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after the First World War, It was a time of hardship and uncertainty. Although the great depression began in the United States it spread throughout the globe and affected almost every country. It brought about drastic declines in output, severe unemployment, and serious deflation. Many countries such as Britain, Germany and France came out of the war with large debts to pay, this was due to the fact that they had been borrowing from The United States of America, after its entrance
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Strayer University Workforce Services Introduction Unemployment can impact greatly on the lives of individuals, and is a key measure on today’s economic health. The problem of unemployment is becoming more acute day by day in America. It is hard to live a healthy and normal life without money and a steady job. The impact of unemployment on an individual can affect not only the family, but society at large as well. Unemployment is caused by many factors in modern economy today, though causes
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Cheating on Unemployment This article informs readers of the nearly 10.2 million people that take advantage of unemployment benefits and how routinely unemployment is being distributed on a daily basis. They are unfortunately many different ways people cheat on unemployment one instance mentioned in the article was an employee who quit and had her boss claim she was fired. Another type of fraud is when employee’s work the minimum time required to work to get the unemployment benefits
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have indexed wages? 2) _______ A) The unemployment rate will be relatively high. B) A given change in the unemployment rate will cause a larger change in the inflation rate. C) The unemployment rate will be relatively low. D) The inflation rate will be relatively low. E) none of the above 3) The data suggest that in the European Union countries, the natural rate of unemployment: 3) _______ A) has become less "natural
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U.S. Bureau of Labor Statistics, allows for international comparisons of unemployment, compensation and other indicators. Federal Reserve System – is a good source for banking information, monetary policy, economic data, and other vital information. http://www.federalreserve.gov Federal Reserve Economic Data (FRED) – Open source of information on consumer price index, real gross domestic product, unemployment index, foreign exchange rate accompanied with graphs and historical data.
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E-commerce Executive Summary: E-commerce is one of the most progressive sectors of the economy. E-commerce has had powerful impact on all the macroeconomic sectors. It is redefining business processes and consumer expectations. The internet backbone of e-commerce is connecting every vendor in the world to every buyer across the globe. Advent of mobile devices has made the whole process even more interesting. E-commerce has done really well in its own right during the course of its conception as
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Many individuals in our society tend to overlook the meaning of economics. In this generation, unless you are majoring in science to be a scientist, you don't need to know science. Unless you are planning to become Einstein or at least follow his steps, you don't need any more math past Algebra. Therefore, many don't realize that you don't have to be a banker or a broker to learn about economics. Economics can be easily related to a language. Think about it, if one lives in the United States they
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Unit II Case Study Charles Dearth Columbia Southern University Doctor Jernigan Strengths McDonald’s continued to grow financially in 2013. Their global comparable sales increased 0.2%, their system wide sales were up by 3%, and they increased their operating income by 3%. McDonald’s also invested approximately $2.8 billion in new and existing establishments. Existing markets included places such as the United States, France, and Germany. New markets included such places as China, Brazil, and
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