EXAM2outline - EXAM#2: FINAL COMPREHENSIVE EXAM OUTL INE...

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EXAM#2: FINAL COMPREHENSIVE EXAM OUTLINE -ECONOMIC S OF RACE AND GENDER SPRING 2010 CHAPTERS# 1 – 12, FREEDOM WRITERS, ROSSIE THE RIVERTER, CRASH,AND ALL THE CLASS PRESENTATIONS CHAPTER#1 Questions for Review and Discussion a. Define scarcity and explain why the concept is so central to neoclassical economics. b. In everyday language cost generally means the amount of money it takes to purchase a commodity. Can this meaning be tied to the concept of opportunity cost and if so, how? c. Discuss the uses and abuses of simplifying assumptions in economic models. Using a graph, show how each of the following labor markets (assumed to be competitive and initially in equilibrium) is affected by the following changes. 1. Labor market for university professors. College enrollments expand. 2. Labor market for workers who completed college or more. The workplace becomes more computerized and technically sophisticated EXPLAIN THE FOLLOWING ECONOMIC TERMS; A. Specialization, Comparative, Division of Labor, Economics B. Explain the five major sources of Unemployment C. List seven factors which contribute to Comparative Advantage CHAPTER#2 1. Questions for Review and Discussion a. Explain how women’s and men’s roles in production changed between the colonial period and early industrialization.
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b. Compare and contrast the role of women in the following stages: 1. Hunting and Gathering. 2. Horticulture. 3. Agriculture. 4. Early Industrialization. 5. Today 2. Discuss possible relationships between economic development and women’s rights CHAPTER#3 2. Questions for Review and Discussion a. In view of the advantages of specialization and exchange pointed out by Becker, why are families increasingly moving away from the traditional division of labor? b.
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EXAM2outline - EXAM#2: FINAL COMPREHENSIVE EXAM OUTL INE...

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