1. Suppose a country that did not allow trade with the United States opens its borders and purchases
$100,000,000 worth of goods. Suppose further that the multiplier in the United States is 1.5. By how
much will U.S. GDP grow?
Below is the actual data for the U.S. economy for January, 2010. Use the information to complete your
236.8 million Individuals 16 years of age and older
138.3 million Employed
14.8 million Unemployed
1. Calculate the
Mary leaves her job as network administrator to start her own consulting business. In
her old job, she
was paid $80,000 per year. In her first year, her consulting business had revenue of
$100,000 with just
$30,000 in ex
1. What is the free-rider problem? List two ways that you think the free-rider problem
can be solved.
The free-rider problem is a situation where some individuals in a population
either consume more than their fair share of a commo
Name five of the seven things listed in the textbook, Survey of economics: Principles, applications, and
tools (5th ed.), that can cause demand to change up or down.
Price of complimentary goods
Price of substitute goods
1. List three possible causes of recessions. Explain why each might cause a recession.
Three possible causes for the recession would be:
- High Interest rates: limits the amount of money that is available to invest
- Increased infl
EN1420: Module 1 Introduction To Argument and Rhetorical Structures
Analysis 1.1 Understanding Rhetorical Structures
In this assessment, write a 600-word (2-3 page, double-spaced) paper that analyzes how audience,
purpose, and context can affect an argu
In the graph, what do the five data points, a, b, c, d, and e illustrate?
Use the graph to illustrate the economic concepts of scarcity, unemployment, inefficiency, and opportunity
costs. When possible, use data points on the gr
Title: Production Decisions
Suppose you are in charge of a firm that produces skateboards.
The companys fixed inputs include the building and equipment, and the variable inputs are the raw
materials and workers. You need to determine the best number of em
S increase in supply
D increase in demand
S decrease in supply
D decrease in demand
In the graph shown it is showing us the production possibility curve. The
production possibility curve shows the trade off in production between investments and
consumption goods. Any two categories of different goods
Professor Roger Lignugaris
Event 1: The wages for all dental assistants increase, increasing the costs of inputs.
Due to the increase in wages for dental assistance. This will increase the price of dental work. As