Motivation consists of the psychological processes that induce people to pursue goals.
Types of Rewards:
Extrinsic: the payoff, such as money or recognition, a person receives from others for performing a particular task.
Intrinsic: the satisfactio
The Essential Question: What are the various types of production
processes and technologies, old and new?
Form Utility : is the value that people add in converting resources
Apple & Google: Relationship Status Change
1. Google creating their own smartphone could be a case of capitalism
and friendly competition, but one could only assume. I believe
google saw what Apple was doing with the sma
1. Points outside (or beyond) the PPF are
2. The economy moves from Point A, where it produces 100X and 200Y, to point B, where it
produces 200C and 150Y. It follows that
B and C (Point A may be productive inefficient/efficient point)
The Bhopal disaster
The Bhopal disaster is one of the most horrible industrial disaster that has happened in the world. This
disaster happened in 1984 in the union carbide plant in India. Methy isocyanate (MIC) a poisonous gas
was leaked and extended thou
The Name Negro Essay
The Name Negro primary source is of great importance to African Americans. This
source consists of two letters. The first letter was send from Roland A. Barton and was responded
to Roland from W.E.B Du Bois. W.E.B Du Bois continues to
Andrea De Leon
Primary Source #2: Niagara Movement Speech
The author for this primary source is W.E.B Du Bois. W.E.B Du Bois continues to be a very
important and significant figure in the United States history. Du Bois is widely
Is college overrated?
The American Dream, the idea of the perfect life that has been overvalued for ages,
keeping generations hopeful for this glorious life, trying to educate themselves for the hopes of a
better life. The American Dream has always been a
Specialization: a Pro or a Con
Patrick Allitt, the author of Should Undergraduate Specialize? compared and
contrasted his college experiences when he was studying in England back in 1974, with his
daughters college experience in America. He discussed the
Government Shutdown 101: What Happens When The Lights Go Off?
On September 30 the government will run out of money for the next fiscal year,
and that would cause a government shutdown. The result of a government shutdown
because of the
Jobs is a biographical movie based on the life of Steve Jobs. Jobs was a student at Reed
College in 1974 but dropped after a short period of time and began working Atari. Working at
Atari he didnt liked working with his coworkers because they d
Elemica is the leading supply chain operating network for the process industries. It was founded
by 22 leading corporations of the chemical industry and its a B2B industry trading hub.
Currently, Elemica has 2600 clients across the world with more
The online consumer purchasing model steps are awareness need recognition, search,
evaluation of alternatives, purchase, and post-purchase behavior loyalty. The email campaign
website works in an effective way and completes these steps. The campaign produ
1.-Why does akamai need to geographically disperse its servers to deliver its
costumers' web content?
Because of the great amount of internet traffic, due to video streaming, and mobile
devices using high-bandwidth applications, Leighton decided to invent
Unemployment and Its Natural Rate
Rapid growth in capital stock and high GDP can be attributed to high fraction investment of
income and savings
A higher GDP can be achieved by keeping as many workers as possible fullly employed
Natural Rate of Unemployme
The interest rate the fed charges banks that borrow reserves
The demand for all goods and services in the economy at different prices
(Gross Domestic Public) The market value of all final goods and se
Chaptcv J. Answers
1. b. science of scarcity. In a wag-9c! u,+hou+ ScarCJJ') "Hagar:
\Nowwf-Jr be 01 need cfw_or en'cmov-OI'CS,
2- b. condition in which peoples wants outstrip the limited
resources available to satisfy those wants.
3. b. government
1. A toll of $1 per car is imposed on a road regardless of time of day. If the toll creates equilibrium travel
flows at the busiest time of day, it will create a _ at all other times.
a. surplus of space
b. shortage of space
is the observation that
*b. those things that have the greatest
value in use often have little value in
exchange and those things that have
little value in use often have the greatest
value in exchange.
Total utility is defined as
Which of the following is not an
assumption of the theory of perfect
*b. all sellers and buyers of the
*b. Each firm produces and sells a
For a perfectly competitive firm,
In the theory of perfect competition,
Homework, Chapter 3
Chapter 3Supply and Demand: Theory
1. As the price of good A rises, the demand for good B rises. Therefore, goods A and B are
a. normal goods.
b. inferior goods.
e. none of the
A cost that is incurred when an actual
monetary payment is made is a(n)
*d. The cost you have incurred for guitar
lessons is sunk. You should not allow something
that can't be undone to influence a current
Average fixed cost
Dr. Bruno R. Arthur
International Economics and Globalization
(These last sections are not part of the final exam)
This chapter, along with the next chapter, looks at the theory of international trade and
These slides summarize the following
Chapter 28 Wage, Unions and Labor
Chapter 29 Distribution of income
Chapter 30 Interest, Rent and Profit
Chapter 31 Market Failure
October & November 2013
Chapter 28 Wage, Unions and Labor
(Review price ela
Factor Markets: With Emphasis on the Labor
Chapter 27, 28 (wage, unions and labor), 29 (distribution of income)
and 30 (interest, rent and profit) focus on the theory and workings of
Chapter 31 (market failure) is r
Principles of Macroeconomics
Dr. Bruno R. Arthur
As the Homework set 4, this assignment carries 50 points toward the final grade—
Should i decide to Curve the final letter grade, I will assign an extra weight to this Practice Exam (c
1. Suppose Congress decreases income taxes. This is an example of
a. expansionary fiscal policy.
b. expansionary monetary policy.
c. contractionary fiscal policy.
d. contractionary monetary policy.
2. Expansionary fiscal policy a