Exam 1 Slide - OUTLINE ECONOMIC S OF RACE AND GENDER SPRING 2010 EXAM#1 Click to edit Master subtitle style CHAPTER#1 1 Questions for Review and

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Click to edit Master subtitle style 5/10/10 OUTLINE ECONOMIC S OF RACE AND GENDER SPRING 2010 EXAM #1
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5/10/10 CHAPTER #1 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?
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5/10/10 2. 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
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5/10/10 EXPLAIN THE FOLLOWING ECONOMIC TERMS: § Specialization, Comparative, Division of Labor, Economics § Explain the five major sources of Unemployment
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5/10/10 CHAPTER #2 Questions for Review and Discussion
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Exam 1 Slide - OUTLINE ECONOMIC S OF RACE AND GENDER SPRING 2010 EXAM#1 Click to edit Master subtitle style CHAPTER#1 1 Questions for Review and

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