Unit 2 Assignment 1
1. Factors that can cause shifts in demand?
a. When the value of a substitute decreases
b. When the value of a complement increases
c. The decrease in consumer income when it is a normal commodity
d. The increase in consum
What happens to demand when the following changes occur?
The price of the product falls.
Income increases and the commodity is normal.
Income increases and the commodity is inferior.
The price of a substitute good inc
1. Discuss whether the following goods most likely have an elastic or inelastic demand curve.
Provide reasons for your conclusions.
Mostly inelastic, because for most gas is a necessity.
b. Fast food burgers
It was only my second shift of my first summer job. I remember because it was a very
chaotic day compared to my first shift. My position at the time was at the bottom of our main
attraction, the water slide. My job was to make sure the kids exit safely wh
Unit 5 Assign 1
In the recent 2007 recession our Government used several tactics to help stimulate the
economy. One technique was used by the Chairman of the Federal Reserve. The Chairman
aggressively lowered the Federal funds rate, in order
Unit 6 Assign 3
Transfer payments such as welfare can be a very controversial topic. I believe all these
programs discussed can be very helpful to people who are trying to get back on their feet and
actually want to accomplish something or th
Trip to Oslo, Norway from SF, U.S.
9/8/15 - 9/15/15
Airfare, two way, SF to Oslo, connecting: $845 - NOK 6923.00
Baggage Fees: $75 - NOK 613.83
Bike Rentals: $50 - NOK 409.22
Car rental, europcar: $510.43 - NOK 4091.27
Thon Hotel Rosenkrant
This is about economic forecasts because that was my choice. IT shows how economically the rich are
always chosen to have the best of everything and the forecast is always the same. The rich put what they
want onto the poor and the poor stay stuck on the
From the first chart it is clear to see how much our interest rate has fallen over the years.
If we look at the Inflation rate we can see a similarity between the two. They look very similar.
Our inflation rate was also very h