Which of the following questions would not be studied by a
microeconomist but would be studied by a macroeconomist?
Why do national economies grow?
What percentage of consumer income is spent on
entertainment?
What happens to worker productivity when the job shifts to a
4-day workweek?
How is the electric industry harmed by the passage of new clean
air legislation?
2. Exhibit 2-1 production possibilities curve data
consumption goods capital goods
10 0
9 1
7 2
4 3
0...
Which of the following would be studied in microeconomics? a. Why did Circuit City go out of business? b. Why does the price of gasoline usually increase in summer? c. Why does organic produce cost more than produce sprayed with pesticide? d. How can car makers improve mileage for their vehicles at a reasonable cost? e. All of the above.
Which of the following would be studied in Microeconomics? a. The level of prices in the American economy b. The fixed costs of the Mxyzptlk Corporation c. Aggregate demand in the second quarter of 2020 d. The balance of trade differential with China
1. Which of the following would not be observed if you observed
the sky without a telescope? (More than one answer can be
correct).
Venus moves relative to the Sun.
Mars moves relative to the stars.
The starts rotate about a single point in the sky.
The stars move relative to each other.
The Moon moves relative to the stars.
2.Comparing theories by Ptolemy and by Copernicus. (More than
one answer may be correct)
Both could explain retrograde motion
Copernicus'...
Identify which of the following would be studied as a part of microeconomics, and which would be studied as a part of macroeconomics. You may do this quite briefly. Simply list the letters A thruJ - and write "micro" or "macro" next to each one. a- Costco b - The Bahamas c - International trade d - GDP (Gross Domestic Product) e - Danielle's Plumbing and Heating f- Debra's Chicken Wings and Soda Fountain g - Inflation h - The Red Cross i - A trip to the grocery...
Which of the following factors can possibly make the
observed linear correlation from a sample in a
different direction or pattern from the true correlation in
the population? Can be many answers.
1. Presence of a non-linear relationship
2. Outliers that deviate from the main cluster of data
3. Different correlations for different subgroups within the
data
4. Range restriction on the predictor and/or criterion
variables
5. Unreliable measures of the predictor and/or the criterion
variables
6. Standardizing the scores...
Which of the following can be used as an example of the "income
effect" as a tool in explaining the downward slope of the demand
curve for a normal product?
Which of the following is an example of an idiom, which can
cause confusion for multicultural audiences? a. Our products can
improve your bottom line. b. Call me if you have any questions. c.
This product really rocks! d. Please submit your report ASAP.
Which of the following mechanisms can account for your observed
results. For each mechanism, justify why it can or cannot be a
reasonable mechanism. Note that more than one possible mechanism
can be reasonable. Likewise, maybe none of the proposed mechanisms
are reasonable.
Observed result -- Rate = k [I-]
[S2O82-]
[I-] was first order and
[S2O82-] was first order making
the overall reaction a 2nd order reaction
Mechanism A
I1-(aq) + S2O82-(aq)
→ SO42-(aq) +
ISO41-(aq) Slow
ISO41-(aq) +...