Monopolistic competition is like monopoly in that:

price changes are dictated by changes in supply.

both industries represent price-taking firms.

both industries represent price-making firms

both industries have high barriers to entry.

neither industry has high barriers to entry.

Question 26

Which is a dynamic under monopolistic competition in the long run?

Profits tend towards zero because of competition and low barriers to entry

Firms will operate at the lowest possible average total cost

Expenditures on advertising approaches zero

All of the above are correct

1. Increased ventilation during exercise is primary caused by

1. Changes in the pO2
2. Changes in the pCO2
3. Neurogenic stimulus from the cortex
4. All of the above

2. Functional Residual Capacity is?

            a. Extra volume of air that can be expelled during a maximal exhalation

            b. The volume of air left in the lungs after normal breath

            c. The minimum volume of air remaining in the lungs even after a maximal expiration

            d. The volume of air in the lungs at the end of a normal passive expiration

3. Central Chemoreceptors are sensitive to changes in

            a. pCO2

            b. pO2

            c. Concentration of H+

            d. None of the above

4. What kind of breathing will result in normal pulmonary ventilation but no alveolar ventilation?

            a. Normal breathing

            b. Rapid shallow breaths (hyperventilation)

            c. Slow deep breaths

            d. Breathing during exercise

what changes in the human cognition are seen across development? how are these changes related to changes in studies that use neuroimaging such as fMRI

Compare and contrast the use of government spending changes versus tax changes as a means of influencing the course of the economy. Is one or the other preferable in specific situations? Imagine for a moment that you have two roommates, who each have opposing viewpoints on nearly everything, including politics and economics. Taylor is adamant that the best way to manage the economy is through tax changes, while Morgan insists that it’s better to adjust the economy through government spending. What would a Neoclassical economist say? What would a Keynesian economist say? Which roommate do you agree with, and why? Find a news article to help support your opinion. Summarize the article and include the link to in your response.  Remember to cite your sources.

Compare and contrast the use of government spending changes versus tax changes as a means of influencing the course of the economy. Is one or the other preferable in specific situations? Imagine for a moment that you have two roommates, who each have opposing viewpoints on nearly everything, including politics and economics. Taylor is adamant that the best way to manage the economy is through tax changes, while Morgan insists that it’s better to adjust the economy through government spending. What would a Neoclassical economist say? What would a Keynesian economist say?

Sam pays his 19-year-old son, Joshua, $550 per month to maintain the lawn and garden at the family residence. Is Sam subject to the household employment tax rules for Joshua? Why or why not?
Justin Case, a single taxpayer, paid mortgage interest of $2,579, paid real estate taxes of $1,751, and gave $3,750 to United Family Church, for which he received a contribution statement. What type of return is generally prepared based on this information?
Warren has self-employment income of $27,641. He had unreimbursed educator expenses of $250, and student loan interest of $2,467. These entries will be reported on __________.

Corey Church is a seller of designer sunglasses. Following is a summary of Corey Church’s purchases and sales for the month of August, 2020. Calculate the cost of the ending inventory under the A) FIFO and B) LIFO methods. Show your answer on the following tables.

Read Chaucer’s Pardoner’s Prologue and Boccaccio's account of the Plague in Florence.

What methods does the Pardoner use to convince people to buy his indulgences?

Why might these methods have been effective?

From the Pardoner’s tale, what do you learn about saints’ relics?

Although the tale is satiric, it is filled with examples of abuses in the church of Chaucer’s day. What examples are described?

In Boccaccio's account, how did civil order break down during the Plague?

How does the narrator try to explain why the Plague happened?

What are some of the things people thought might save them from the plague?

1. What is a 'technology dead end’? Why are technology dead ends important for economic growth? Illustrate with an example. Hint: Easterly (2002) talks about all this in ch. 9.
2. In your opinion, does intellectual property (i.e. temporary ownership of ideas) incentivize the creation of more new ideas or does it lower the rate of subsequent innovation and creative expression? Explain briefly how or why. Gilbert (2011) may help you think about this.