With nearly a quarter of Americans living in poverty, many people are working to reduce
this number. Raising the minimum wage seems to be on everybodys mind. The current
minimum wage is $7.25 per hour and is considered a wage that is unlivabl
The demand curve is downward-sloping because:
V Your answer Is partially.r correct.
prices rise. the purchasing power of each dollar eamed falls. and consumers are willing and
able to Isuzur more of a good.
as consumers pur
Which of the following statements is true about supply?
0 . There is an inverse relationship between price and quant'rty supplied.
0 Supply refers to me amount of inventory that sellers have in their warehouses.
0 As price decreases, producers are willing
The quantity of goods and services that producers are willing to sell at any given price are affected by
Subsidies- government payments to businesses
Taxes- costs to businesses.
Subsidies increase will increase supply and reduce pr
Which of the following is a capital resource?
a computer programmer
a corporate bond issued by a computer manufacturer
silicon (sand) used to make computer chips
a piece of software used by a firm
One major part of the opportunity costs of ones decision t
Fiscal policy affects the economy through changes In . Which of the following Is a benet of government debt?
Ksorry.youranswerisincorrect. VYouransweris partiallycorrect. d'mm
Mlssedl Debt prevents the Import-export ratio from exceeding transfer paymenm.
Review Question 32-1
Your uncle comes to you with an investment idea. He tells you that the nominal GDP of Paradisia quadrupled over the past year
and suggests that you invest there. Unemployment is at 20 percent and inflation over the last year was
"A country's price level depends on how much money its central bank creates. If a central bank creates more money
A decrease in the price level increases _, _, and _."increases Consumption, Investment, and Net E
Economic growth _ improved health conditions in a nation.
is not necessarily needed for
None of these statements is true.
is only loosely correlated with
is always needed for
In reference to industrial policy, networks of interdependent firms, unive
The Common Assignment is due May 2. The current information in Blackboard when you click on The
Common Assignment is for spring 2015. We are still modifying and have not completed our revisions.
This is to your advantage. Since we have usurped some of you
Percentages and Ratios
Ratios and Percentages
We can express one quantity in terms of another is a variety of ways - these relationships are known as ratios. We can express
these ratios in their fraction, decimal or percentage form.
For example, if an eco
Area of Rectangles and Triangles
As we progress in economics courses, there are some concepts that are best handled geometrically as opposed to (or in addition
to) algebraically. We might, for example, need to calculate the area of a triangle, a rect
Balance of Trade Calculation
To calculate a country's balance of trade, subtract the value of all goods and services it imports from a
foreign country from the value of goods and services it exports to that same country. To illustrate,
suppose the United
Systems of Equations
Systems of Equations (Two equations / Two variables)
In economics, market analysis in particular, we have two equations (supply and demand) and two variables (price and quantity)
to solve for. Situations do exist where we might run in
Principles of Macroeconomics 2301
Dr. Delwin Long
May 1, 2016
Common Assignment Topic: Minimum Wage and The Distribution Of Income
1. Describe in general the issue that is being debated:
The issue being debated is whether or not i
Spring 2016 Term
First Day Instructions
Instructor: Dr. Delwin J. Long
Office: C2 111C
Phone: 281 998-6150 ext. 1770
Email: [email protected]
Course Textbook: Economics, Karlan / Morduch (1st edition) in conjunction with Connect enrollm
Single Variable Equations
Solving an equation when only one variable is unknown is straightforward. It is just a matter of isolating the
unknown variable on one side of the equals sign.
For example, we could use the equation for output in
1. Marginal Revenue Product Exercise 1
Stephanie produces earrings and sells each pair of earrings for $5.00. The table below shows the productivity of workers that
Stephanie might hire. Fill in the Total Revenue and Marginal Revenue
Market Efficienty : Economics Microeconomics 2302
The graph represents the market for artichokes (in pounds per week) at a Midwest farmers' market. If the equilibrium price is $3
per pound and the equilibrium quantity is 100 pounds per week, what is th
Examine the following websites: The Huffington Report, The New York Times
and/or The Washington Post, MSNBC, and Fox News. Examine the types of stories
covered and how they are different. Be on the lookout for potential bias.
Due Monday 26
Completa el prrafo con la forma correcta de los verbos entre parntesis.
4 attempts remaining
This is a graded activity.
You have 4 attempts remaining.
For this activi
Semester Project Policy Examination
Go to the National Constitution Centers Podcast Page (http:/constitutioncenter.org/experience/programsinitiatives/podcasts/) and select one of the lecture podcasts between today and April 12, 2013. After maki
Study all 90 terms Study 0
pret. yo (servir)
pret. t (servir)
pret. Ud./l/ella (servir)
pret. nosotros/as (servir)
pret. Uds./ellos/ellas (servir)
pret. yo (morir)
Phase II: The Congress and the
Presidency Instructional Agenda 3,
Assigned Text Reading: Ch. 11 and 12
The second phase of this course shifts from the philosophy of government to the realities of the pol
Describir Write sentences using the verbs below according to the picture. 186-187
A Mauricio / libros
A Mauricio le interesan los libros.
A Lorena / despertador
A Lorena le
A nosotros / bailar
1. Todays poor countries are
not always destined to be poor as they can develop the appropriate institutions to catch up with
2. a. What are the four supply factors of economic growth?
Instructions: You may select more than one answer