Econ_103_AS01_Intro_Models

Econ_103_AS01_Intro_Models - 5 Question 5 b 20000 30000...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
True - the quotation is a positive statement. Lower wage means lower marginal benefit from working False - this is a normative statement. True - economists, nor any other small group of like minded people, should be given this much power. False - this is a positive statement. Spillover from education gives high returns to society. False - economists disagree on models and politics Question 1 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Question 2 0 10 20 30 40 50 60 70 80 90100 Revenues Tax Rate (%) Laffer Curve 2
Background image of page 2
Question 3 0 10 20 30 40 50 60 70 80 0 2 4 6 8 10 Y X Y=10+3X Y=20+4X Y=10+5X Y=30+5X 3
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Question 4 0 50 100 150 200 250 300 0 10 20 30 40 50 Y X Y=50+2X+0.05X 2 Y=50+2X Y=50+2X-0.05X 2 4
Background image of page 4
Question 5 a 3.00 3.50 4.00 4.50 5.00 5.50 6.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Interest Rate Canada’s Prime Interest Rate in 2008
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 8
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 5 Question 5 b 20000 30000 40000 50000 60000 70000 80000 BC AB SK MB ON QC NB NS PE NL Expenditure Household Expenditures in 2005 6 Question 5 c 5 10 15 20 25 30 35 Canada Austria Japan US UK Spain Norway Interest Rate Growth Investment Growth and Investment 7 2007 Piz izza Price Index University Price per Pizza ($) Price Index Dalhousie 6.50 104 Laval 5.95 95.2 McGill 6.00 96 Queen’s 8.00 128 Waterloo 7.50 120 Manitoba 5.50 88 Saskatchewan 5.75 92 Calgary 6.25 100 UBC 7.25 116 Victoria 7.00 112 Index Value = Value In Given Period Value In Base Period × 100 Question 6 5 . 95 6 . 25 × 100 = 95 . 2 6 . 50 6 . 25 × 100 = 104 8...
View Full Document

This note was uploaded on 07/30/2011 for the course ECON 103 taught by Professor Hanafiahharvey during the Summer '08 term at Simon Fraser.

Page1 / 8

Econ_103_AS01_Intro_Models - 5 Question 5 b 20000 30000...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online