CH 20 Unemployment
What would it be like if there was zero
Is that desirable?
Misconception: Any unemployment is bad.
Types of Unemployment
(1) Structural Unemployment
Unemployment caused by changes in the
Generally, people buy one product or service instead of another because they perceive it to be a better
The buying process begins with a comparison of available alternatives.
The greater the difference
Econ 371 Development Economics
Due on Feb 9th, 12:30pm.
You may discuss the assignment with your classmates but you are expected to complete and write
up the homework independently. If you use online materials or from sources other than the
Coca-Cola launched Coke Zero to avoid cannibalizing current sales and to attract new customers in a
segment they might not get with Diet Coke.
When a marketer adjusts the marketing mix to give customers a clear, distinctiv
Business-to-business marketing refers to buying and selling goods or services to be used by final
B2B marketing involves manufacturers, wholesalers, and service firms.
Resellers differ from produce
Most Americans tend to take access to global products and services for granted.
Changes in technology, especially communications technology, have been the driving force for growth in
1. The relationship between the exchange rate and the prices of tradable goods is known as the:
a. Purchasing-power-parity theory
b. Asset-markets theory
c. Monetary theory
TRADE POLICIES FOR THE DEVELOPING NATIONS
1. Which of the following is not a major factor that encourages developing nations to form
international commodity agreements?
a. Inelastic commodity supply schedules
TRADE REGULATIONS AND INDUSTRIAL POLICIES
1. The World Trade Organization was established by the _ of multilateral trade nego tiations:
a. Kennedy Round
b. Tokyo Round
c. Uruguay Round
d. Clinton Round
2. Under U.S. com
REGIONAL TRADING AGREEMENTS
1. The European Union is primarily intended to permit:
a. Countries to adopt scientific tariffs on imports
b. An agricultural commodity cartel within the group
c. The adoption of export tarif
1. Assume you are an American exporter and expect to receive 50 pounds sterling at the end of
60 days. You can remove the risk of loss due to a devaluation of the pound sterling by:
a. Selling sterling
Its true hard work never killed anybody, but I figure, why take the chance?
Each of us must decide whether to work and, once employed, how many hours to work.
At any point in time, the economywide labo
1. Which issue comes from microeconomics?
c. Foreign trade.
d. Grocery Shopping.
2. Identify the positive economic statement.
a. An increase in cigarette prices will make people smoke less.
b. Increasing cigarette prices is
Re-introduction of wolves
1. Are you in favor of the re-introduction of wolves in the western United States?
2a. If you support the re-introduction of wolves, give two reasons why.
2b. If you oppose the re-introduction of wolves,
Econ 371 Development Economics
Due at 12:30pm, Monday, March 23.
This homework assignment requires you to read three news articles that are closely relate to topics
discussed in class and analyze the underlying economics based on the background
ECONOMIC SYSTEMS NOTES
ALL ECONOMIC SYSTEMS MUST ANSWER THREE BASIC ECONOMIC
WHAT TO PRODUCE?
WHAT PRODUCTS AND SERVICES SHOULD BE PRODUCED?
HOW SHOULD THEY BE PRODUCED?
USE OF TECHNOLOGY? USE OF MANUAL LABOR?
FOR WHOM SHOULD THEY BE PRODU