1. If a graph of two variables shows a downward-sloping relationship, that relationship is considered to be

1. Positive.
2. Inverse.
3. Normative.
4. Independent.
5. Variabl

2. Economic analysis is:

1. A framework for understanding issues with arise because societies need to make allocation decisions.
2. Widely understood by all in our society.
3. Important for problem solving in underdeveloped and socialist societies but of little use in western capitalist systems.
4. A natural science concerned with the biological growth and changed of social systems.
5. A set of mathematical rules to ensure a society’s happiness and prosperity.

3. Over time the American economy has had:

1. Full employment without serious inflation.
2. Steadily increasing unemployment
3. Persistent deflation.
4. Fluctuations in growth and unemployment.
5. Continuous growth in output per person

1. The basic idea of Adam Smith’s “invisible hand” is that:

1. Dire poverty and income inequalities are inevitably a part of a free market.
2. There is a force inherent in government with seeks to achieve social usefulness.
3. Population increase is an important determinant of a country’s development.
4. The pursuit of private interests by individuals and firms can lead to socially desirable ends.
5. A free, competitive economy cannot allocate resources efficiently without government planning.

2. The purpose of an economic model is to:

1. Set the prices in a price system.
2. Make predictions about the real world.
3. Manage the economy like an automatic pilot.
4. Demonstrate which values and beliefs are best for the economy.
5. Be a complex, exact replica of reality

If collected when products are sold, how much would the fee need to be to pay for end-of-life recycling, if your state can invest this fee at an interest rate of 3.5%? If collected at end-of-life, the fee would be the direct cost to recycle.
Assume that consumers keep devices on the following schedule:
Cell phones, tablets, small laptops (screen size: 4”-15”): 2 years, costs $3.50 on average to recycle
Large laptops, desktop monitors, small TVs (screen size: 15”-35”): 3 years, costs $5.00 on average to recycle
TVs (screen size: > 35”): 4 years, costs $8.00 on average to recycle

Government, including federal, state and local spent over $6.5 trillion in 2015. Choose any government program and amount spent; and state your opinion on the value of the program (dollars spent). You can choose any one from large (Medicare) to small (National Endowment for the Arts).

I am wondering how stereotypes might affect interpersonal communication between people of different faiths.

A government began 20XX with a budget surplus and a trade deficit. The government changed its policy and is now running a budget deficit. If all other factors remain constant, this change in policy will lead to:
Group of answer choices

A. a decrease in the trade deficit without any affect on the exchange rate.

B. a decrease in both the exchange rate and the trade deficit.

C. increased government borrowing and an increase in the trade deficit.

D. an increase in government borrowing and a decrease in the trade deficit.

One of the lessons of economics is that "there is no such thing as a free lunch." This means that businesses, consumers, and whole societies face tradeoffs whenever they make a decision. Please draw on your own experiences to discuss the following 3 items. Make sure you use economic concepts in your main contribution.

1. Explain a decision that you have made at work, or one concerning your career, or any major life decision that you have made.
2. Identify and explain the trade-offs that you faced.
3. List the alternatives you had, identify the highest valued alternative, and explain your final decision to the class.

What is Fordism? Discuss the benefits and drawbacks of Fordism on the automobile industry, consumers, and workers. Discuss the geography of both Fordism and post-Fordism.

what advice will you give regarding the proposed price increase and how would you explain your advice so the firms leadership understand the rationale of your advice

Which technology is better?

(1)

a technology that involves high initial cost but lower future annual operating costs

(2)

a technology that is cheaper in initial cost but higher future annual operating costs

A. Always (1) Technology

B. Always (2) Technology

C. Depends. Need to evaluation a life-cycle cost

For every penny that the price of gasoline goes up, the U.S. Postal Service (USPS) experiences a monthly fuel cost increase of $8 million. State what assumptions you need to make to answer this question: "How many mail delivery vehicles does the USPS have in the United

States?”

A. Gasoline price before the increase

B. Gas consumption (miles per

gallon) of the average delivery vehicle

C. Total number of miles driven each year by the average delivery vehicle

D. Total number of drivers employed by the USPS

E. Annual repair and maintenance expenses per average delivery

vehicle

Assume that your employer is a manufacturing firm that produces several different electronic consumer products. What are three nonmonetary factors (attributes) that may be important when a significant change is considered in the design of the current bestselling product?

A. Aesthetics

B. R&D expenses incurred for the design

C. Safety

D. Advertising costs

E. Quality in terms of consumer expectations

Discuss five most important feasibility study factors that make a shopping centre so successful.

A new cement mixing truck can be purchased for $100,000 and will have a salvage value of $50,000 at the end of 5 years. The cost of concrete mix for the truck is $100 per cubic yard. Alternatively, the construction company can pay $105 per cubic yard to have concrete delivered by a third party.

Assume the construction company can order the concrete mix or delivery for the whole year on their account, and pay the full balance at the end of each year. At an interest rate of 10% per year, the minimum cubic yards of concrete that must be used each year to justify the purchase of a truck is closest to:

1. 1,050
2. 2,650
3. 3,650
4. 5,550

The answer is C. Why?

I need an explanation.

2. Walmart can use either self-service check out machines or cashiers to process customer purchases. For Walmart, self-service checkout machines and cashiers are perfect substitutes. Suppose that self-service checkout machines can process the purchases of 100 customers per hour and that a cashier can process the purchases of 60 customers per hour. Suppose that the price of operating a self-service checkout machine is 20 dollars per hour and that cashiers are paid an hourly wage of 10 dollars per hour. Answer the following questions:

a) Write down Walmart’s production function for processing customers’ purchases.

b) What is Walmart’s demand for cashiers given the production technology and input prices?

c) What is Walmart’s demand for self-service check out machines given the production technology and input prices?

d) How much will it cost Walmart to process the purchases of 400 customers in an hour?

e) Suppose the minimum wage for workers is increased to 15 dollars per hour. What is the cost to Walmart of processing 400 customers in a hour?