As you prepare to view Life + Debt which has been labeled as a  poor documentary, since it shows just one side of the story and makes a caricature of what is a complex issue - that of globalization. This documentary continues the conceptualization of Third World countries as passive actors in the global political economy. However armed with your knowledge of the global economy, and the place that Third World now occupy, please answer the following question.

Identify possible products that should have been sold to the caribbean region, and internationally.

With the development of information technology, advertising is becoming more intrusive in our daily lives.

Discuss the pros and cons of advertising of medical and pharmaceutical products? Should the government impose more restrictions on advertising on these products? If so, under what conditions?

Please type MAX 2 sentences for each question.

1) Why did the US invade Iraq in 2003?

2) Why was Hurricane Katrina a national issue in 2005?

3) What were the highlights of the George W. Bush administration?

4) What were the highlights of Barack Obama's administration?

5) What issues divided liberals from conservatives in the early 2000s?

Please explain in detail how Theodore Roosevelt was influential in the preservation/conservation of US resources,land, and wildlife.

include laws he wrote/passed along with where his personal motivations came from

include the history of the "Teddy Bear" and Roosevelts connection with its creation

QUESTION 6

1. Suppose a monopsonist is currently employing 10 workers and pays each of them $5. The wage paid to the additional worker is $7, and then the marginal expense of the 11^th worker is.

   		$50
   		$70
   		$77
   		$27

2 points   

QUESTION 7

1. Consider the simple leisure model in which the individual chooses between leisure (L) and money income (M). The marginal utility of leisure (MU_L) is 15 and the marginal utility of money (MU_M) is 3. At the optimum, the wage rate

   		$45
   		$0.20
   		$5
   		$15

2 points   

QUESTION 8

1. A curve that shows all of the alternative consumption bundles that the worker likes equally well is called

   		A budget constraint.
   		An indifference curve
   		An individual demand curve
   		A consumption bundle curve

2 points   

QUESTION 9

1. The budget set is _________ related to the nonlabor income and is __________ related to the wage.

   		positively and positively.
   		positively and negatively
   		negatively and positively.
   		negatively and negatively.

2 points   

QUESTION 10

1. The theory of household production assumes that the family derives utility from

   		income.
   		time spent in home production.
   		market purchased goods.
   		commodities ( meals, clean house, growth of children) produced by the family or purchased with family income.

2 points   

QUESTION 11

1. Marginal utility is

   		the change in a consumer's utility resulting from the addition of a very small amount of some good.
   		the total utility a resulting from consuming some good, divided by the amount consumed.
   		the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the amount added.
   		the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the total amount being consumed.

The relation between the real and the nominal interest rates is given by

                                                                   r=i-πe

1. Suppose that the nominal interest rate is 0.05. Compute the real interest rate
   1. when the expected inflation rate is 0.07.
   2. when the expected inflation rate is 0.05.
   3. when the expected inflation rate is 0.03.
   4. The nominal interest rate is subject to the zero lower bound constraint. Find the lowest real interest rate
      1. when the expected inflation rate is 0.03.
      2. when the expected inflation rate is 0.01.
      3. when the expected inflation rate is -0.03.
      4. when the expected inflation rate is -0.05.

1. (20 pts) The following questions deal with the market for electricity. In column I, answer with the following key:

A: equilibrium price increases

B: equilibrium price decreases

In column II, answer with the following key:

A: equilibrium quantity increases

B: equilibrium quantity decreases

Col. I   Col. II

_____ _____ a. Consumer incomes decrease (electricity is a normal good).

____      ____ b. Taxes are increased on electrical utilities (utilities produce electricity).

____      ____c. The price of coal rises (coal is an input in producing electricity).

____      ____ d. The population grows.

____     _____ e. The price of electrical appliances increases (appliances and electricity are complements).

____     ____   f. The price of natural gas decreases (natural gas and electricity are complements).

____    _____ g. Subsidies are reduced to electric utilities.

____     _____ h. A new technology makes it cheaper to produce electricity.

____     _____ i. A negative (adverse) supply shock hits the electricity market.

____     _____ j. It is summertime, and there is a seasonal increase in the demand for electricity.

Microeconomics Assignment 1 Dua

1. In Japan each unit of labor can produce 2 computers or 4 cell phones. In Canada each unit of labor can produce 3 computers or 5 cellphones.

a) Which country has absolute advantage of trade in producing cell phones?

b) Which country has absolute advantage of trade in producing computers?

c) Which country has a comparative advantage in producing computers?

d) Which country has comparative advantage in producing cell phones?

2. Label each of the following statements as a positive or a normative statement.

a) The minimum wage ought to be abolished.

b) A little bit of inflation is worse for society than a little bit of unemployment.

c) Society should take measures to prevent people from engaging in dangerous personal behavior.

d) The inflation rate has been rising for the last two years.

e) The government should not be running a budget deficit.

f) Per capita income in the United States has gone down in 2017.

Fiscal and Monetary Policy

So now, since you've learned a bit about policy, and the difficulties associated with its implementation, your task for this discussion is perhaps the most challenging one.

In your initial post, you are to write to either the President (on fiscal policy) or to the Chair of the Federal Reserve (on monetary policy) describing a specific policy action that you believe should be taken at this moment in time (e.g., lower taxes or buy bonds) and explain why you would take the action (what is currently happening in the economy and what will this action accomplish?). Your thoughtful post (of between 200 - 400words)You can learn about the current state of our economy by consulting newspapers or news websites..

Which of the following could lead to a will contest?

Which of the following could lead to a will being contested?

Sam has established a revocable inter vivos trust and has named the trustee the beneficiary of all his life insurance policies. His will provides that all of his residuary estate will “pour over” to the trust. All the following statements concerning this arrangement are correct EXCEPT

Even if spouse #1 specifically disinherits spouse #2, spouse #2 is likely to receive a portion of spouse #1's estate.

True

False

Of the following laws, which one does not regulate market structures?

Compare the elasticity of a monopolistic competitor’s demand with that of a pure competitor and a pure monopolist. Assuming identical long-run costs, compare the prices and outputs that would result in the long run under pure competition and under monopolistic competition. Contrast the two market structures in terms of productive and allocative efficiency. Explain: “Monopolistically competitive industries are populated by too many firms, each of which produces too little.”