Reference no: EM131247822
1. Explain the following; a) Economics b) Opportunity Cost c) Cost of Interdependence d) Economies of Scale e) Comparative Advantage f) Absolute Advantage g) Non labor income h) Marriage - Specific Investments i ) Induced Unemployment j) Risk Pooling k) Specialization l) Life Cycle Changes m) Institutional Advantages n) Externalities in Consumption o)Structural Unemployment p) Defense of Marriage Act q) Labor Force r) Full-time, year-round worker s) Prime working ages t) Involuntary part-time worker u) Underemployment v) Labor force participation rate w) Discouraged workers x) Non labor income y) Government Subsidy z) Demand for female labor.
2. State and discuss at least five scenes from the movie "Freedom Writers" in relationship to Economics of Race and Gender (state 5 different economic concepts for the five scenes).
3. State and discuss at least five scenes from the movie" Guess who is coming to dinner" in relationship to Economics of Race and Gender (state 5 different economic concepts for the five scenes).
4. Draw and explain the Circular flow Model discussed in class.
5. Compare and contrast the role of men and women in the following stages: (20points)
a) Hunting and Gathering.
b) Horticulture.
c) Agriculture.
d) Early Industrialization.
e) Today
6. Discuss in details five economic factors to explain the presumption that "women have a comparative advantage in housework justified" or not justify?
7. Explain under what five economic conditions it would be rational for a woman who could earn more than her husband in the labor market to specialize in housework.
8. Explain five economic reasons why women have been so eager to increase their participation in the labor market, and why have men been so reluctant to increase their participation in house-work?
9. Discuss five economic reasons for the decline of men's labor force participation.
10. a. What is a "bargaining approach" to decision making? Why is this approach more realistic than the standard neoclassical model?
b. Discuss five factors which would improve the bargaining power of married women.
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