How did the Gilded Age change lives for Americans? Who were some of the Industrialists who changed American Big Business and how did they change it? How did these changes impact the East (urban cities)?

Most important issues or events of 1920s.
Consider Economy, Traditional vs. emerging America, The election of 1928.

In order to establish a claim for negligence, the plaintiff must prove that:

Multiple Choice

• The defendant was either comparatively or contributorily negligent.

• The plaintiff was contributorily negligent.

• The plaintiff sustained nominal damages.

• The plaintiff acted as a reasonable person under the situation.

1. Define the following terms in one to two sentences each:

Gross Domestic

Product Percentage of workforce in non-agricultural sector

Infant Mortality Rate

Mortality Rates/Life Expectancy

Female Literacy Rate

discuss  impact of COVID-19 on the global economy

2. Write an investment function (equation) that specifies two components:

a. Autonomous investment spending

b. Induced investment spending

5. Which of the following is NOT considered when the government determines whether someone is unemployed?

a. Whether the individual is 16 or older

b. The wage the individual is paid

c. Whether the individual has looked for work

d. Whether the individual is currently employed

6. Suppose the civilian non-institutional population equals 150,000; there are 70,000 employed persons and 10,000 unemployed persons. How many people are not in the labor force?

a. 10,000

b. 60,000

c. 70,000

d. 80,000

1. A company has employed two workers A and B whose productivities are 20 units and 15 units respectively. The wage for A is K12 whilst B’s is K8. Are these two employees optimally employed?                                                                                              [5 Marks]
2. The average total cost of producing a tomato unit and the average variable cost are K2 and K1 respectively. Further, price is K10 and the firm operates in a competitive market.

1. Calculate the fixed and total costs of producing 1000 units of tomatoes. [4 Marks]
2. Calculate the profit the firm makes from selling 1000 tomatoes.              [2 Marks]
3. What is will happen in the market as a result of your answer in (ii)?           [5 Marks]

3. Briefly describe the condition associated with optimization of utility of an individual. [4 Marks]
4. Show (Derive) the mathematical relationship between marginal revenue and elasticity. [5 Marks]
5. A firm operating under a monopoly faces the following demand and cost functions: P=170 - 5Q and TC = 40 + 50Q + 5Q².

1. What’s the profit maximizing quantity and price?                                       [4 Marks]
2. What is the price elasticity of demand at the profit maximizing level?      [3 Marks]
3. Explain the strategy must the firm adopt to increase its revenue.                 [3 Marks]

6. Graphically show the relationship that exists between total revenue and elasticity for a price decrease along the demand curve.                                                                         [5 Marks]
7. Explain what determines who bears the most burden of a tax.                                 [5 Marks]

Describe the types of policies the federal government may have implemented to restore aggregate demand and the potential obstacles policymakers may have encountered.

If a clothing store customer takes a pair of pants from the rack, removes all of the external sales tags, and then approaches the sales clerk for a refund, what crime may be charged?

Theft
Criminal mischief
Embezzlement
None of the above

Consider two mutually exclusive investment projects, each with MARR = 8% as shown in figure

A.On the basis of the IRR criterion, which alternative would be selected?

B. Determine the discounted payback period for each project.

It is possible to have diminishing marginal returns to a single factor of production and constant returns to scale at the same time. Discuss.

A.

The statement is true. As long as only one input has diminishing marginal​ returns, it is possible to have constant returns to scale.

B.

The statement is false. If an input exhibits diminishing marginal​ returns, then doubling that input will result in less than double the output.

C.

The statement is false. The terms​ 'marginal returns' and​ 'returns to​ scale' are interchangeable.​ Therefore, if the factors of production have diminishing marginal​ returns, then there are decreasing returns to scale.

D.

The statement is true. Diminishing marginal returns to a single factor applies to the short run when all other inputs are held fixed. On the other​ hand, returns to scales applies to the long run when all inputs can be increased.

European Organisations

What was the legal uncertainty with regard to legal personality of the European Union?

What are the pros and cons of developing countries' economic policies on free trade and openness during the process of "catch-up"?

QUESTION 19

1. Let X and Y be consumption goods and let K be a capital good, and assume that these are the only three goods produced in the economy. True or false: To produce today more X requires that less Y or K today be produced, but to produce more K today does not require that less X or less Y be produced.

   	A.	True
   	B.	False
   	C.	DO NOT CHOOSE THIS ANSWER.
   	D.	DO NOT CHOOSE THIS ANSWER.

1 points   

QUESTION 20

1. Which of the following circumstances is most likely to decrease the elasticity of demand for Cory’s Checker Taxicab Service in New York City?

   	A.	New Yorkers' incomes fall.
   	B.	The number of Uber and Lyft drivers in Manhattan increases.
   	C.	A sudden and unexpected heavy rainfall starts in New York City.
   	D.	New Yorkers come to get greater enjoyment from driving their own cars and motorcycles to their destinations within New York City. QUESTION 17 Which of the following is best explained by the fact that people make decisions at the margin? A. If Molly has a comparative advantage over Jacob at producing bananas, then Jacob has a comparative advantage over Molly at producing fish. B. A mother who would, if she had to, sacrifice her life to save that of her child will not donate a kidney to a stranger. C. Each individual has preferences that are transitive. D. Rachel, who is seated in a park on a beautiful day in Fairfax, refuses to buy a bottle of fresh air from Ricky, who - having realized that everyone in constant need of air - has decided to try to earn his fortune by selling bottles of this necessary commodity.