Before you can become a licensed real estate broker, you have to serve a period of time to get

experience as well as meet other requirements. What are these requirements and why are they

necessary.

How can the government promote economic growth, healthy living, and environmental protection?

Is fair trade pressure scalable? why or why not? what would be a scalable alternative.

Why was the concept of art used as an intro to our review of creativity? How does this tie into the idea that complex problem requiring creative solution?

Do the Math 6-3
A Recent Graduate’s Debt Status

Chelsea Menken, of Providence, Rhode Island, recently graduated with a degree in food science and now works for a major consumer foods company earning $70,000 per year with about $57,600 in take-home pay. She rents an apartment for $1,100 per month. While in school, she accumulated about $38,000 in student loan debt on which she pays $385 per month. During her last fall semester in school, she had an internship in a city about 100 miles from her campus. She used her credit card for her extra expenses and has a current debt on the account of $7,000. She has been making the minimum payments on the account of about $240 a month. She has assets of $14,000.

1. Calculate Chelsea’s debt payments-to-disposable income ratio. Round your answer to two decimal places.

     %

2. Calculate Chelsea’s debt-to-income ratio. Round your answer to two decimal places.

     %

Turkey January 24, please provide information about economic developments in these decisions after what are the basic principles of decisions taken in 1980?

Consider the production information below:

A. Complete the following table:

B. If this firm would have to pay $500 a week, how many workers would the firm hire? Explain how you come up with your answer.

C. If the demand for the products increase such that product price rises to $15 per unit, would the firm hire more/less workers? Explain how you come up with your answer.

1. Suppose Kifwong is a small economy with only five people and two income tax rates. The first $4,000 earned each month are taxed 30%. Anything earned over $4,000 each month is taxed 45%. Anyone who is not working receives unemployment benefits of $2,500, paid for by the government. The table below shows the income for the five people at two different time periods. (5 pts.)

1. Calculate the total tax revenue during the first period

2. Calculate the total tax revenue when the economy during the second period

3. Excluding Billy’s income, what is the percent change between total income in the first period and total income in the second period?

4. Briefly explain how the taxes act as an automatic stabilizer as the income increases from the first period to the second perio

5. Briefly explain how the fact that Billy earned a job in the second period acts as an automatic stabilizer.

Spending on social programs like Medicare and Medicaid have increased greatly over time. Provide a brief description of how you would evaluate spending on these programs to determine if they are socially useful.

What will you tell your grandchildren? You have the following facts: CPI in 2016 was 240. CPI in 2060 is 2400. The price of gasoline in 2016 is $2.00 per gallon. The price of gasoline in 2060 is $15 per gallon. How many dollars would you need in 2060 to buy what $2.00 would buy in 2016?

Enter your answer as a number, rounded to two decimal places. Don't enter a dollar sign.

Provide a concise description of how a free market system answers the questions of what to produce, how to produce, and for whom. Be sure to include information on the role of prices in allocating resources in this system

16. In terms of persuasion in class we discussed two messaging characteristics that work the best. One of them is?

a. Wealth

b. Success

c. Attraction

d. Notoriety

e. Compassion

17. The “Feel- Do- Think” approach is an example of what type of decision making?

a. Habitual

b. Hedonic

c. Experiential

d. Low hierarchy

e. Standard attitude ranging

18. If I funnel a need for security into purchasing an ice cream, this is known as a?

a. Trait

b. Consumption Motive

c. Mastery over my environment

d. Motivation

e. None of the above

19. Effective storytelling is central to what marketing concept?

a. Perception

b. Watermarking

c. Brand Personality

d. Crescive Norm

e. None of the above

20. As discussed in class, George Foreman has become one of the most successful product pitchmen in history. The reason for this is the strong connection the consumer feels with him, based on?

a. Wealth

b. Notoriety

c. Intelligence

d. Power

e. None of the above

21. If I buy Heinz soup brand because my mother always bought it, this is known as ?

a. Market Belief

b. Consumer Inertia

c. Rule of Thumb

d. Product Signal

e. None of the above

A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low risk loan.

• Give an adverse selection explanation for this, and offer advice to your friend on how to solve the problem.

•Give a moral hazard explanation for this, and offer advice to your friend on how to solve the problem.

The requirements for a valid offer and a valid acceptance in a bilateral agreement.