1. Bettys Bakery bakes fresh bread every morning. Any bread not sold by the end of the day is
thrown away. A loaf of bread costs Betty $2.00 to produce, and she prices loaves of
bread at $3.50 per loaf. Suppose near the end of one day Betty still has 12 l
_ 1. Low rates of inflation are generally associated with
low rates of government spending.
small or nonexistent government budget deficits.
low rates of productivity growth.
low rates of growth of the quantity of money.
_2.For a number of yea
Tax on goods produced abroad and sold domestically
Domestic price = World price
Tariff on imports
Raises domestic price above world price
By the amount of the tariff
The effects of a tariff
Price rises by the amount of the tariff
The Determinants of Trade
The equilibrium without trade
Only domestic buyers and sellers
Equilibrium price and quantity
Determined on the domestic market
The Determinants of Trade
_ 1. Which of these activities will most likely impose an external cost?
An athlete works out at a gym.
A secretary smokes a cigarette in a crowded break room.
A young mother pushes her baby in a stroller.
A construction worker eats a hotdog d
_ 1. The "invisible hand" directs economic activity through
_2.The decisions of firms and households are guided by prices and self-interest in a
_ 1. For which of the following individuals would the opportunity cost of going to college be
a. a promising young mathematician who will command a high salary once
she earns her college degree
b. a student with average grades who has never held
_ 1. When the government implements programs such as progressive income tax rates,
which of the following is likely to occur?
equality is increased and efficiency is increased.
equality is increased and efficiency is decreased.
equality is dec
_ 1. Senator Bright, who understands economic principles, is trying to convince workers in
her district that trade with other countries is beneficial. Senator Bright should argue that
trade can be beneficial
only if it allows us to obtain thin
_ 1. Resources are
scarce for households but plentiful for economies.
plentiful for households but scarce for economies.
scarce for households and scarce for economies.
plentiful for households and plentiful for economies.
_ 2. Which of the fo
Wage Annually Now=$40,000
Wage Annually Then=$14,500
Topic: The negative influence of television on children.
Specific Purpose: To convince my audience that television does have negative influence on
Thesis Statement: Television do have a negative influence on children which ha
Professor Lenett Partlow-Myrick
December 1, 2013
Concept about Wallace Thirteen Ways of Looking at a Blackbird
Wallace Stevens Thirteen Ways of looking at a Blackbird is a marvel of modernist
1. One might state a specific purpose of a speech by informing the audience about the topic importance
which would make the audience want to know more.
a. To inform my audience about the importance of winning an Olympic medal on athlet
October 26, 2013
Affirmative Action Policy
Affirmative action is a growing argument among our society. Affirmative action is a policy
designed to redress past discrimination against women and minority groups through measu
Prof Dave Rybczynski
November 2, 2013
Impact of Technology on Musical Composition
Music has really transformed since the invention of technology. Back then, most
recordings were dreadful with lack of equipment to m
Psychology 101 project
1. I observed this three TV shows namely:
a. The Simpsons Season 3 episode 5 was observed on the 28 th of February at 8:00pm for 20 minutes
b. Dora the explorer Season 2 episode 3 was observed on the 28 th of Feb
SCIENTIFIC SOCIOLOGICAL RESEARCH METHODS
Scientific method is a body of techniques for investigating phenoma, acquiring new
knowledge, or correcting and integrating previous knowledge. It is also the standard procedure