The nation of CougarLand has a working-age population of 200 million people. Currently, 100 million people have full time jobs and another 35 million people have part-time jobs. Of the 25 million people that would like a job but are not currently employed, 15 million are actively engaged in searching for a job while 10 million have given up looking for a job. Required:
a. Suppose that the 10 million people who have given up looking for a job suddenly all decide to start looking for a job. Calculate the new number of people in the labor force.
b. If these 10 million people enter the labor force will the new unemployment rate be greater than or less than the unemployment rate you calculated in question #4? Explain your reasoning.
c. Explain why the change in the unemployment rate in question #6 exemplifies one of the main criticisms of the unemployment rate.

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability