1. Suppose an economist develops a theory that higher food prices arise from higher gas prices.
According to the scientific method, which of the following is the economists next step?
a. Collect and analyze data.
b. Go to a laboratory and generate data to
1. Guns and butter are used to represent the classic societal tradeoff between spending on
a. durable and nondurable goods.
b. imports and exports.
c. national defense and consumer goods.
d. law enforcement and agriculture.
2. A tradeoff exists between a
The annual after tax profits between two states differ with a $10,000. Since both
states have similar living conditions, climates, and other amenities, but the tax rate in
both states are different so the preferred location is state B, because
Zapposs Customer Focused Business Model
Zappos.com has become the number one seller of shoes online by stressing customer service. According
the, hoovers.com Zappos.com stocks 3 million pairs of shoes, handbags, and apparel and accessories,
I personally believe the founding father were correct in drafting a
constitution because the constitution established the power and
the responsibility of the government as well as defining some of
the rights and duties of citizens and the branches of gove
E-Waste Graveyards Offer Easy Out
Electronic waste or e-waste is a term for electronic products that have become unwanted, not
working or obsolete and have essentially reached to end of their useful life. Because technology
advance many electronics become
My life and my dreams
I have a beautiful family; I live with my husband and my daughter she is ten years old. In a few words, I
am mother, wife, student and I work as babysitter. Living this life is not easy but neither is impossible, I
like to fight unti
General Purpose: To inform the audience about the significant causes and effects of binge drinking and
how it can harm a peoples body.
Specific purpose: Binge drinking is the practice of consuming large quantities of alc
TJ's is a grocery business. TJs stores are smaller and the choices are fewer and consumers are
happier. The company maintains a strict one in one out policy so as to not increase the total
number of unique products it sells. Items that sell po
However, there are certain ethical dilemmas these multinational corporations have to face such as when
deciding the pay of these laborers especially in a country with no minimum wage or a comprehensive
labor law, what factors should decide the paym
Match the terms
1. A technique for generating ideas either alone or more
usually, in a small group.
2. A computer program providing nested list of topics.
3. The overall aim of your speech, for example, to
The Importance of Being Ethical INC, NOV 30, 2000
The article discusses major Ethical issues according the Article named The Importance of Being
Ethical say that companies with a strong ethics can reduce potential costly fines, decrease
Chapter 1 Key Points
1 Define economics and explain the kinds of questions that economists try to answer.
Economics is the social science that studies the choices that we make as we cope with scarcity
and the incentives that influence and reconcile our c
1. Three ways to make profit: Using fewer resources than competition (innovate), forms
of monopoly (franchise), exit (leave the business that youre in to go to other better).
2. Progressive and regressive taxes: tax is defined as a ta
Macroeconomics Quiz #1
The economic problem: What to make, how to make it and who gets the outcome
Social contract: set of institutions, formal or informal, by which we live one with another.
Opportunity cost: the value of the alternative n
Prep for quiz 4
1. Considering the second use for money (reserve) what will happen to liquidity preference if the
public and businessmen change their expectations about the future course of the economy?
Risk will go up then liquidity preference goes up. P
What are the weaknesses and criticism of the theories?
According to this theory Trade between Nations took place if the traders saw an absolute advantage cost
advantage in buying a particular good from a foreign country rather than buyi
Privacy in the Workplace
Hyun Hwang, Rhett Kikuyama and Danny Zeng
According to a 2009 survey conducted by American Management Association (AMA),
the top two reasons employers provided for monitoring their empl