A. Respond to the following for 10 points on loose leaf, in your own handwriting.
What is meant by an "industrial district" and what are the three main sources of the economic
advantages derived from locating in such a district? Relate this to firms' inte
Microsoft Excel 2007
Microsoft Excel is a spreadsheet program included in the Microsoft Office
suite of applications. Spreadsheets present tables of values arranged in
rows and columns that can b
Microsoft Word is a word processing software package. You can use it to
type letters, reports, and other documents.
The Microsoft Office Button
In the upper-left corner of the Word
A software package designed to create electronic presentations consisting
of a series of separate pages or slides.Microsoft PowerPoint is an
Application Software. Microsof
28 USC 1408
363 Sales 51
Adequate Payments (Cramdown)
After the chapter 7 petition is filed, there is automatically scheduled a 341 meeting of
creditors. After that, there are 90 days to file a POC. (Bar date). You have to get your claim
in by the
Homework 1 Economics for Business
The simple circular flow model shows that:
A) Firms demand resources and supply outputs.
B) Households demand outputs and supply resources.
C) Households generate the revenue necessary for firms to produce.
D) All th
ASSESSMENT INFORMATION PACKAGE EXAM 916
Copyright 2010 U. S. Postal Service
Preparing for the Examination
What to Expect in the Exam Room
Obligation to Provide Reasonable Accommodation for Qualified Applicants with a Disability
Chapter 1 Handout - Case and Fair
This chapter will give you a brief overview of what you should expect when you study
economics. The authors show students how economics relates to their everyday lives.
Each chapter of the book includes a feature entitled
ECZol 1 EXHM\ aeeacTieLi
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
The Market for Low-Skilled Labor
U K L7 v M Qty oflabor
1) Refer to Figure 4.6. The equilibriu
Opportunity cost is the next best alternative to the choice made. For
example, If you wait in line one hour to buy a concert ticket for $30, the opportunity cost of that ticket
trade is both the alternative use of the money and the time.
Summaries: Modules 2 and 3
Posted on: Monday, October 28, 2013
You all offered lots of good and interesting opportunity cost examples. It appears
that most of you get the opportunity cost concept. The trick is to keep applying
this concept to make smart d
Instructor: S. Das
Handout for Chapter 3
Concepts to learn:
Law of Demand, what affects demand schedule, Change in quantity
demanded versus Change in demand (Vocabulary in this chapter is
Law of Supply, what affects supply schedule,
Causes of the recession are numerous, varied
All of the factors combined to create a global
concern that eventually affected the world
Consequences of the cr
August 8, 2014
Econ 430 Prof. Hassan
The Great Recession of 2008: Before and After
When everything appears to be going well with no potential signs of danger, one can
almost always assume that there is in fact something wrong that the world is e
LECTURE 10: ELASTICITY II
Price elasticity of supply
a. This is a similar concept as price elasticity of demand except it
describes how producers respond to a price change.
a.i. Again, inelasticity implies a stee
LECTURE 09: PRICE DISCRIMINATION
Why do we have coupons? Why not just have sales?
a. Do a particular type of person use coupons?
b. Coupons are an example of price discriminationwhen a seller
LECTURE 10: ABSOLUTE AND COMPARATIVE ADVANTAGE
Why Blanche DuBois is wrong.
a. Kindness is a fickle thing. Greed is eternal.
b. The butcher, the baker, and the brewer.
c. You can always depend on the self interest o
LECTURE 04: ANATOMY OF SUPPLY AND DEMAND
What is our goal?
a. EfficiencyMaximizing output with a given amount of input.
a.i. Also known as minimizing waste.
b. Efficiency seems like a dry, heartless concept b
LECTURE 03: BASICS OF SUPPLY AND DEMAND
A trading game
a. The neoclassical framework leads us nicely to the notion of
equilibriumthe point at which no one can be better off by changing
his or her behav
LECTURE 11: PRODUCTION POSSIBILITIES & THE FUNDAMENTAL THEOREM OF
A trading game
a. Trade increases aggregate utility.
b. The Fundamental Theorem of Exchangevoluntary trade with
complete information is alwa
LECTURE 05: SHIFTING SUPPLY AND DEMAND
Understanding the shifts in a curve.
a. Recall that the supply curve is a bunch of marginal costs and the
demand curve is a bunch of marginal benefits.
b. As the worlds chan
LECTURE 12: ETHICS AND PUBLIC POLICY
The ethics of trade
a. We know trade makes us better off, but isnt it more ethical to give?
a.i. In May 2010, New York Times ethicist, Randy Cohen, described
LECTURE 07: ELASTICITY I
Price elasticity of demand
a. Weve discussed that people buy less or more of something as the
price changes but how much more or less? That depends on the
elasticity of the good.
LECTURE 02: OPPORTUNITY COST & MARGINAL ANALYSIS
The Seen and the Unseen
a. Bastiats story of the broken window
a.i. A child breaks a window. Is society better off?
a.ii. Consider where the money goes then,
LECTURE 06: SIGNALING AND EDUCATION
The value of a degree
a. There is ample evidence that having a college degree not only
increases your average salary, but also decreases the chance of longterm unemployment.1
LECTURE 01: INCENTIVES AND MARKET MIRACLES
Economics: the study of optimality (or how to get the most out of life)
a. What is not scarce? (No scarcity, no markets.)
b. The importance of scarcity
1. I disagree with the statement that hurricanes are good for the economy, because
theres a bigger cost then benefit. Financially theres the cost of having to rebuild
homes, a loss of businesses, and grow