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The practice of describing mixed-race ancestry in fractions, as ¼ this race and ¼ that race, for instance, is
a. a legacy of now discarded biological ideas of race.
b. an accurate and convenient way for mixed-race people and others to think of multi-racial identity.
c. a legitimate form of self-identification according to U.S. Census categories.
d. an accurate shortcut for referring to the hereditary genetic contributions of a person’s ancestors.
Some economists believe that the world market for some raw materials (like cotton) comes close to a perfectly competitive market. With reference to the world market for cotton, briefly explain THERE reasons why the world market for cotton comes close..
A machine that has been used for one year has a salvage value of $10,000 now , which will drop by $2000 per year. The maintenance costs for the next 4 years are $1250, $1450, $1750 and $2250. Determine the marginal cost to extend service for each of ..
A risk-neutral consumer is deciding whether to purchase a homogeneous product from one of two firms. One firm produces an unreliable product and the other a reliable product. At the time of the sale, the consumer is unable to distinguish between the ..
What is Say’s Law? How may it fail to hold in a monetary economy? B. Explain how deficit spending may increase national output in a setting of flagging private investment. How does the propensity of consumers to spend their income shape this effect? ..
Select the item below that is a commonly held core value among tribal people.
demand for a good of an industry is given by the equation pq=100, where p is the price and q is quantity and supply is given by the equation 20+3p=q. find out the equation price and quantity
A used car dealer purchased my 1992 Ford Tempo for $1,000. He paid a worker $200 to wash it. He purchased four tires for a total of $400 to replace the existing tires on the car. He sold the car for $4,000. All these economic activities took place in..
The market demand for woozles is given by: There is only one available technology, and it is employed by all producers actual and potential. It implies the following average cost function:
For each level of output except zero output, compute the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC)
In 2001, the number of people in the working-age population increased from 212.6 million to 215.1 million, while the labor force increased from 141.5 million to 142.3 million. By how much did the labor-force participation rate change?
Assume that higher taxes discourage people from working. Further assume that the SRAS is upward sloping because of the Imperfect-Information theory. a) Imagine there is a tax cut. What would be the impact on the AD, SRAS and LRAS curves? b) What is t..
Should the Federal Reserve Board of Governors remain independent - What is the strongest argument on either side?
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