Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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What is the relationship between class, different types of capital, and mobility??
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- Nonearrow_forwardIn a essay explain in details the main economic mobility for a person to attain a better future such as college and ways to advance ahead, such as starting your own corporation.arrow_forwardMarginal Produt and Resources How would you determine the demand for a factor of production? What factors influence the supply and demand for labor? Examine how those factors impact market demand for labor. How do labor unions try to increase the demand for labor? What has made labor unions such an integral part of the workforce? What is the difference between the rates of return for a renewable and nonrenewable resource? How do the rates of return on capital and land differ between a renewable resource and nonrenewable resource? How does the growing demand for food, fuel, and export affect the market for land?arrow_forward
- Which type of income is composed of both the labour income and capital income of those person who provide both labour and capital services One wordarrow_forwardEconomics The Raleigh City Council has just voted to levy a sizable per-garage-space tax on single family homes, arguing that garages, and especially multi- car garages, are an excellent indicator of the earnings of the residents. Why would the City want to impose such a tax? What are some potential problems with this tax? What changes in single- family homes might you predict if the new tax is implemented? And what changes in the amount of home building might you expect relative to Chapel Hill or Durham?arrow_forwardIn-Home and Foreign, there are two factors each of production, land, and labor used to produce only one good. The land supply in each country and the technology of production are the same. The marginal product of labor in each country depends on employment as follows: * attached photo Initially, there are 11 workers employed in Home, but only 3 workers in Foreign. Find the effect of free movement of labor from Home to Foreign on employment, production, real wages, and the income of landowners in each country.arrow_forward
- b. In the diagram below, draw the relationship between the relative price of paper/carpets and the wage to rental ratio. Briefly explain. Pe Pc w/r c. In autarky, do Australia and New Zealand use the same mix of labor to capital in each industry? Explain why or why not using the diagram drawn in a)arrow_forwarda. The following table shows some labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year Pop LF U UR PR ER 1998 10040 8171 7467 704 Number Number Number 2006 11060 9076 8482 594 6.545 82.061 76.691 2009 11413 Number Number 904 9.692 Number Number 2012 Number 9514 Number Number Number 81.316 74.94 b. Using the above table, what is the new unemployment rate in 2006 if 20…arrow_forwarda. The following table shows some labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year 1981 1986 1999 Pop Number 1979 2205 2012 Number Number 2855 LF 876 879 Number 1883 E 839 818 Number Number U 37 61 55 Number UR Number 6.94 5.802 Number PR Number 39.864 Number 42.65 Number ER b. Using the above table, what is the new unemployment rate in 1986 if 20 thousand unemployed…arrow_forward
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