Answer:
1. The labor force = 65 (68 - 3)
2. The working age population = 79 (105 - 26)
3. The number of employed workers = 38 (25 + 13)
4. The number of unemployed workers = 3 (11 - 8)
Explanation:
a) Data and Calculations:
Population in houses visited = 105
Number of children = 26
Number of adults = 79 (105 - 26)
Workers with:
Full-time jobs = 25
Part-time jobs = 13 38
Number of retirees = 10
Full-time homemakers 5
Full-time students, +16 12 65
Disabled people = 3 = 68
Unemployed = 11 (79 - 68)
Most people criticize monopolies for charging excessive prices, but economists disagree because monopolies do not produce enough goods and services to be allocatively efficient.
What is Allocative efficiency?
Efficiency, whether allocational or allocative, is the quality of a market where all products and services are efficiently divided among consumers in an economy. It happens when parties can use the precise and easily accessible information reflected in the market to decide how to employ their resources.
Why is a monopoly allocatively inefficient?
Companies with monopoly power can set prices higher than in a market with competitors. Because in monopolies the price is higher than MC, an unregulated monopoly provider is very likely to be allocatively inefficient. In a market where there is competition, prices would be reduced and more people would benefit from buying the product.
Learn more about Allocative efficiency: brainly.com/question/23879464
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<u>Answer:</u>
<em>Exclusion upto $103,900. Taxable amount is $6100.</em>
<u>Explanation:</u>
<em>US natives</em>, just as changeless occupants, are required to document ostracize expense forms with the government consistently paying little mind to where they dwell.
Alongside the <em>common assessment</em> form for money, numerous individuals are likewise required to present an arrival revealing resources which are held in ledgers in remote nations. Notwithstanding where you live, you should record <em>expat imposes in the US.</em>
Answer:
the government, workers, and businesses of Country D
Explanation:
This reading describes a high inflation scenario where the general prices of goods and services is increasing more rapidly than household income. The problem with high inflation is that it reduces overall demand, which in turn lowers the entire GDP since consumption is by far the largest component of the GDP (in every single country, including D).
Once consumption starts to fall, a domino effect takes place and the businesses are negatively affected, and they are forced to lay off workers, and the government is also affected because their revenue decreases and their spending increases.
Answer: The correct answer is "a. decrease; decrease; decrease".
Explanation: Suppose the Federal Reserve engages in open-market operations. It sells $20 billion in U.S. securities. It also raises the reserve ratio. This causes excess reserves to <u>decrease</u>, the money supply to <u>decrease</u>, and the money multiplier to <u>decrease</u>.
