ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Unemployment Question The small country of Macroland has a population of 100,000 people over the age of 18 and under 65. There are 50,000 people under the age of 18, and 20,000 people over the age of 65. The number of people between ages of 18 and 65 that are looking for jobs is 20,000, and the number that have jobs is 50,000. Using this information, answer the following questions. Show your work. These are numbers for the month of January. а. What is the labor force of Macroland for people between the ages of 18 and 65 in January? b. What is the unemployment rate of Macroland for people between the ages of 18 and 65 in January? What is the labor force participation rate of Macroland for people between the ages of 18 and 65 in January? с. Now assume there were some changes in February. Of the people between the ages of 18 and 65 in Macroland, about 2000 who were looking for work now dropped out of the labor market, and stop looking for work. In addition, 8000 people who were previously…arrow_forwardSelect a peer-reviewed article that focuses on the cultural differences leadership/management will need to handle in a global business. The article must be published within the last five years. Examples of journals with peer-reviewed articles include Critical Perspectives on International Business, International Journal of Management, Journal of International Business Studies, Journal of International Business Research, Journal of International of Trade & Global Business Perspectives, and Management International Review. Explain why you selected this article. Discuss the issues it raises and explain the cultural differences leadership/management will need to handle in a global business. cite the articlearrow_forwardDefinitions: "Cost" is the actual expense of nurse wages, IV bags, meals, medications, lab tests and payment for the room and bed. "Charges" is the amount the hospital puts on its bill. Almost no one pays that. "Revenue" is the actual cash collected for the service. It is generally comprised of insurance payments and patient copayments. Part 1: Hospital Case Study: The number of patients at Harbordale Hospital increased from 120 to 144 from Monday to Tuesday. The hospital’s costs increased $720,000 to $722,000 as temporary nurses were called in to deal with the heavy patient load. Question: Explain in detail the changes Harbordale Hospital is experiencing.arrow_forward
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