Scare - Unlimited
Anything human made to produce other resources
Entrepreneur: Any individual who pursues opportunity beyond the resources th
hilosophy of the Human Person: Exam 1 Review Questions
-What is Socrates charged with?
Socrates is guilty of curropting the young and of not believing in the gods in whom
the city believes, but in other new spiritual things. He makes the wo
The uniqueness of the Austrian theory lies in the extra-market origins of the boom
(central-bank policy) and in the self-reversing market process that turns boom into
bust. Complications in the form of a possible spiraling downward of the economy
Adrian San Emeterio
As one knows the economy is never on a consistent rise. Through history weve seen ups
and downs with the Industrial Revolution and the Great Depression. Not too long ago did we
experience the worst financial crisis si
Chapter 1 Concepts Quiz:
Which of the following is an accurate description of the primary theme of microeconomics?
A set of constrained optimization problems.
All of these.
Studying how individuals and firms make themselve
ACTIVITY 2 INSTRUCTIONS
In the Reading & Study folder, watch Presentation: Tim Goeglein Part 1 and Presentation:
Time Goeglein Part 2. Answer the following questions based on his message. This presentation
was recorded live on campus in 2013. The
PROBLEM SET 2
Problem Set 2 is due by 11:59 p.m. (ET) on Monday of Module/Week 4.
1. The following table presents data for wages in the market for Internet security professionals.
(Hint: In the labor market, the roles are reversed. Those wh
PROBLEM SET 3
Problem Set 3 is due by 11:59 p.m. (ET) on Monday of Module/Week 6.
1. Data for the market for graham crackers is shown below. Calculate the elasticity of
demand between the following prices.
Explain Post Keynesian macroeconomics and its implications for gov. policy.
Post-Keynesian Macroeconomics was derived from John Maynard Keynes and his
original ideas and beliefs. BOOP The post keynesians believed that the original
Sections 6.1 & 6.2
The concerns about world food production raised by Malthus have not materialized because:
A. input prices have fallen over time.
B. technological improvements have increased our ability to produce food over time.
C. crop prices have ris
ECON EXAM #2 STUDY GUIDE
CHAPTER 6 QUIZ 1
1. Refer to Figure 6.1. At point A, the marginal product of labor is
A. At its maximum
A. At its minimum
2. Refer to Figure 6.1. At which point on the total product
curve is the average pr