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Which of the following statements is FALSE?
A. The root cause of most mass starvation is a lack of food production.
B. Most mass starvation have been intentional.
C. Mass starvation is less likely in democracies.
D. Greater political competition is associated with higher levels of food distribution.
At the end of 2012 the prestigious Rolex watch manufacturer had in inventory of watches worth $725 dollars. In 2013, Rolex produced $333 worth of watches and sold $260. What was the change in inventories in 2013? (Hint: careful with the signs, rememb..
A farmer has a production function f(L) where the input is capital (L). The cost of this loan is L(1+i). The farmer also has an outside option (loan from family member) which generates a profit of A.
Based on what we have learned so far regarding the macro-equilibrium and fiscal policy, critically discuss the claim by some economists (like Paul Krugman) who have suggested that austerity measures have amplified the economic slump in Europe (Greece..
Why do most countries have some protectionist trade barriers? Identify two types of protectionist trade barriers. Which is usually better for most countries, protectionist trade policies or free trade? Explain.
There was not a needy person among them, for as many as owned lands or houses sold them and brought the proceeds of what was sold. They laid it at the apostles’ feet, and it was distributed to each as any had need
If indifference curves are convex to the origin, then a. More is preferred to less b. Willingness to trade one good for the other is constant regardless of how much you have of each good c. Averages are preferred to extremes d. None of the above
conomist Robert Fogel focused on which of the following factors as one determinant of long-run economic growth.
q.analysis the demand for housing is often described as highly cyclical and very sensitive to housing prices and
q.a friend of yours is considering two providers of cell phone services. provider a charges 120 per month for the
Critical Legal Thinking Instructions: Read United States v. Bhagat – Cheeseman text page 365. Respond to the three Case Questions found in Cheeseman Text page 365 Brief the facts of the case and assume your boss is seeking your opinions as noted in t..
If the price elasticity of soap is 2.5, and if the price goes up from $2.00 to $2.50, what will be the effect on the demand for soap? Hint: Calculate the percentage change in price and then plug into the elasticity formula: E = % change in quantity d..
If the price falls to $2, how does quantity demanded change. How does Bert's consumer surplus change. Show these changes in your graph.
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