Which of the following decisions would entail the greater opportunity cost: allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain.

1. Indicate whether each of the following statements applies to microeconomics or macroeconomics: LO1.3
   1. The unemployment rate in the United States was 5.1% in September 2015.
   2. A U.S. software firm discharged 15 workers last month and transferred the work to India.
   3. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.
   4. U.S. output, adjusted for inflation, increased by 2.4% in 2014.
   5. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.
   6. The consumer price index rose by 0.2% from August 2014 to August 2015.
2. What are economic resources? What categories do economists use to classify them? Why are resources also called factors of production? Why are they called inputs? LO1.4

Explain how (if at all) each of the following events affects the location of a country’s production possibilities curve: LO1.5

1. The quality of education increases.
2. The number of unemployed workers increases.
3. A new technique improves the efficiency of extracting copper from ore.
4. A devastating earthquake destroys numerous production facilities.

- 4. What is cultural relativism in ethics? Explain this idea, and its major drawbacks.

2. Matilda is downloading music and videos from an online site. She is currently buying three music downloads that cost $3 each and two video downloads that also cost $3 each. The table below indicates what she reports as the marginal utility of the last music download and of the last video download in this combination of purchases.

As an assignment for her Microeconomics course, Matilda used the marginal utilities that she gave to her 3^rd music download and her 2^nd video download to complete the Experiment Tally Sheet below. Her available budget was $19.00.

1. A consumer maximizes utility when the last dollar spent on any good generates the same satisfaction as the last dollar spent on every other good. Is Matilda maximizing her utility? Explain your answer. (3 points)

2. Should Matilda consume one more video download, to move her closer to her optimum utility? Explain your answer. (3 points)

3. Should Matilda consume one less music download and one more video download, to move her closer to her optimum utility? Explain your answer. (3 points)

4. Should Matilda consume one more music download, to move her closer to her optimum utility? Explain your answer. (3 points)

1.In the long-term nominal Overnight policy

rate(opr) or the long-term real OPR that influences spending decisions? Explain why?

2.how does the market determine the long term nominal OPR and why doesnt is move

as much as the short term OPR

Essay Question: How did the role and responsibilities of the federal government change during the Progressive Era and the New Deal?

no PDF PLease

What are the three main approaches to measuring GDP ?

Redistribution of income or wealth will be a dis-incentive to people working hard. This brings back memory of why the old communist blocks failed and free market continue to thrive till today. This is only possible in command economy where government have exclusive authority over the factor of production. I definitely agree with Amanda on that "People who earn lots of money often work harder or have innovative ideas etc ."

When income is redistributed, tendency abound for bandwagon effect to become the order of the day, since the generality of people will take that whether they work or not, everyone gets the same reward. At some point, those hard working and diligent among the society will have no motivation to up their game, while innovation and productivity will suffer including the economy at large.

In 175 words do you agree or not?

Discuss a scenario in which a contract dispute could impact the employer/employee relationship. Give details of the scenario, the contract, the parties involved, and how the relationship is impacted. identify the following: * 2 obligations that the employer would have * 2 obligations that the employee would have * 1 defense that the employer would have * 1 defense that the employee would have.

Discuss the idea of limiting the government’s interference in safety of consumer products?

the state of the Canadian economy in terms of unemployment, inflation, wages and interest rates. Using the material that we have covered in class thus far, particularly material related to labour markets, discuss what you believe to be occurring in the Canadian economy. Answer the Following

1. Why are the inflation rate and unemployment rate moving in the directions that they are?
2. How do inflation and unemployment relate to the interest rate?
3. What is the relationship between wage growth and inflation?

1. Being unemployed means different things to different people. Illustrate this by making up examples of three different unemployed people.

1. Graphically derive the demand curve for good X from the price – consumption curve using the budget line and indifference curve map.

Again, Using the graphical method shows the income effect and the substitution effects for a price decrease for good X and the price of good Y remaining constant.

Pietra Rivoli’s “The Travels of a T-Shirt in the Global Economy” 2nd Edition)

Question : Detail summary of this book. What is the main idea? How do you review this book?

Do you think Romanticism in the arts is cause or a reflection of the late 18th and early 19th century revolutions?