Chapter 4 Name _Matt Kapaon_12:30_
For #6,7,8,13 please underline key parts of answer. For example Supply curve shifts to right. Use an up or down
arrow to show me how price and quantity changed. This makes it easier for me to correct.
Chapter 6 Name _12:30_Matt Kapaon_
1. Define elasticity of Demand.
The elasticity of demand for a good or service measures the change in quantity demanded in response
to change in price
2. Briefly discuss the concepts of elastic demand, inelastic demand a
One of the questions asks you to identify 3 similarities between these two pieces of artwork
and then talk about why these similarities are important and what the artists are trying to
show in the artwork. (I think this one had to be 6 sentences)
El Movimiento Muralista Mexicana
Multitudes se reunieron en el Museo RISD
el sbado pasado para ver una de las varias obras
impresionantes por muralista mexicana David
Alfaro Siqueiros. Ms especficamente, llegaron a
U.S. Productivity Increased at Fastest Pace Since 2013
Current Events 10/8
Economists React to the September Jobs Report: Nothing Good to See Here
Nonfarm payrolls increased a seasonally adjusted 142,000 in September, which is
far below the tre
Catholic Social Thought Study Guide
ESSAYS 1 of these on Midterm (50%) :
(1) How does Thomas Moores Utopian Society compare with Platos and
Augustines ideal of a just society?
-utopia->nowhere (not on Earth)
-believes families ar
Current Events 11/3
U.S. Consumer Spending Shows Caution, Rising 0.1% in September
Anna Louie Sussman
American consumers increased spending in September by 0.1%, which is the
smallest rate increase this year
How effective is Public School Choice?
General Info/Background: (Public School Choice):
- In recent years, school choice has become an increasingly prominent
feature of primary and secondary school education. With the passage of
new federal legislation
Name _Matt Kapaon_12:30_Chapter 5 Lots of reviewing in this chapter
1. State the Law of Demand.
When the price of a good is lowered, more of it is demanded; when it is raised, less is demanded
2. Under the section Changes in Demand it explains a change in
Explain why even small changes in the rate of economic growth are significant.
As a measure of well-being of a country, population vs. malnutrition. Over a period of
time small changes are cumulative. Consider one country with a growth rate of 5% and
Chapter 7 Name _12:30_Matt Kapaon_
1. Define utility.
Utility means only that you think enough of something to buy it. Utility is measured by how much
you are willing to pay for something.
2. Define Marginal Utility.
As defined in the textbook it is the a