Foundations of Macroeconomics 8th edition Robin Bade, Michael Parkin - Solutions

Distinguish among the three types of unemployment: frictional, structural, and cyclical. Provide an example of each type of unemployment in the United States today.
Explain the relationship between the percentage of employed workers who have part-time jobs and the business cycle.
Describe two examples of people who work part time for economic reasons and two examples of people who work part time for non economic reasons.
Does the decision to make a blockbuster movie mean that some other more desirable activities get fewer resources than they deserve? Is your answer positive or normative? Explain your answer.
Read Eye on the Benefit and Cost of School on p. 12 and explain why both you and Clayton Kershaw made the right decision.
Do you think that REI workers will shop or spend the day with family? Explain your answer.
What is REI’s incentive to give its workers Black Friday off? Was REI’s decision made in self-interest or in the social interest? Explain your answer.
With Black Friday off with full pay, explain what is free and what is scarce.
Pam, Pru, and Pat are deciding how they will celebrate the New Year. Pam prefers to take a cruise, is happy to go to Hawaii, but does not want to go skiing. Pru prefers to go skiing, is happy to go to Hawaii, but does not want to take a cruise. Pat prefers to go to Hawaii or to take a cruise but
Provide three examples of scarcity that illustrate why even the 1,826 billionaires in the world face scarcity.

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