ECO 405 All Assignments

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ECO 405 Chapter 13 quiz Click Below Link To Purchase www.foxtutor.com/product/eco-405-chapter-13-quiz Eco 405 Chap 13 quiz • Question 1 4 out of 4 points Which of the following best describes when the economy is experiencing inflation? When Answer • Question 2 4 out of 4 points Technological change in an industry that historically required specific labor skills will lead to Answer • Question 3 4 out of 4 points A useful measure of the size of the workforce, that is, the number of individuals who are willing and able to work, is Answer • Question 4 4 out of 4 points If inflation causes the demand for houses to increase more rapidly than the demand for other goods, the economy has experienced which effect of inflation? Answer • Question 5 4 out of 4 points In an economy like that of the US, due to a variety of institutional and social factors, wages tend to be Answer • Question 6 4 out of 4 points Which price index is also known as the cost-of-living index? Answer • Question 7 4 out of 4 points The psychological law of consumption tells us the marginal propensity to consume will be Answer • Question 8 4 out of 4 points The effects of inflation on the distribution of income are called Answer • Question 9 4 out of 4 points In the circular flow diagram, economic units are classified as Answer • Question 10 4 out of 4 points Aggregate demand Answer Question 11 4 out of 4 points The Phillips curve depicts the relationship between Answer • Question 12 4 out of 4 points The determinants of aggregate supply are Answer • Question 13 4 out of 4 points Which of the following is most likely be hurt by inflation? Answer • Question 14 4 out of 4 points People who are unemployed due to a downturn in economic activity are classified in the category of Answer • Question 15 4 out of 4 points ECO 405 chapter 6 Click Below Link To Purchase www.foxtutor.com/product/eco-405-chapter-6 • Question 1 4 out of 4 points The empirical evidence of the effectiveness of voucher programs is best described as Answer • Question 2 0 out of 4 points Marginal social benefits equal Answer • Question 3 4 out of 4 points The supply of private education is represented by Answer • Question 4 0 out of 4 points The creation of new learning technologies will cause which of the following to decrease? Answer • Question 5 0 out of 4 points I benefit because you become more educated. This is an example of a Answer • Question 6 4 out of 4 points To be socially optimal, education should be provided to the point where Answer • Question 7 4 out of 4 points What is the relationship between school funding and student achievement? Answer • Question 8 4 out of 4 points Students learn about health and nutrition in school. This provides a Answer • Question 9 0 out of 4 points Schools in which parents or other groups were permitted to create a new school with state funding and were given control over operations are known as Answer • Question 10 0 out of 4 points Which of the following will decrease the equilibrium quantity of education in a market? Answer • Question 11 0 out of 4 points In a purely private K-12 education system, spaces would be allocated based on Answer • Question 12 4 out of 4 points In the existing public K-12 education system, spaces are allocated based on Answer • Question 13 0 out of 4 points An increase in the demand for education will Answer • Question 14 0 out of 4 points A decrease in the cost of education will Answer • Question 15 0 out of 4 points With positive externalities in consumption, the market equilibrium quantity will be Answer ECO 405 CHAPTER 7 Click Below Link To Purchase www.foxtutor.com/product/eco-405-chapter-7 ECO405 CHAPTER 7 • • Question 1 4 out of 4 points Discrimination occurs Answer • Question 2 4 out of 4 points In 1996, the Personal Responsibility and Work Opportunity Act established which of the following programs? Answer • Question 3 4 out of 4 points Which of the following is charged with enforcing the federal government's anti-discrimination laws? Answer • Question 4 4 out of 4 points The major piece of legislation that makes it illegal to discriminate in the labor market on the basis of race, gender, or religion is the Answer • Question 5 4 out of 4 points The incidence of poverty is highest among Answer • Question 6 4 out of 4 points The Supplemental Social Insurance (SSI) program is not available to Answer • Question 7 4 out of 4 points • Question 8 4 out of 4 points Discrimination is indicated when Answer • Question 9 4 out of 4 points A government transfer payment is a payment Answer • Question 10 4 out of 4 points Ending discrimination against minority groups in educational processes and in employment situations would cause GDP to Answer • Question 11 4 out of 4 points Spending on education, training, and health are examples of Answer • Question 12 4 out of 4 points The Civil Rights Act of 1964 protects workers from discrimination based on all the following characteristics except one? Which one? Answer • Question 13 4 out of 4 points Critics have claimed that the EITC Answer • Question 14 4 out of 4 points Median earnings of year-round, full-time women workers are considerably less than those for men because women have Answer • Question 15 4 out of 4 points The official U.S. poverty definition is an income sufficient to provide Answer ECO 405 Quiz 1 Click Below Link To Purchase www.foxtutor.com/product/eco-405-quiz-1 • Question 1 4 out of 4 points Given the amounts of resources available for an economy, GDP Answer • Question 2 4 out of 4 points A three-year-old learns about the fundamental economic problem when she Answer • Question 3 4 out of 4 points Which of the follow best describes human wants and desires? They Answer • Question 4 4 out of 4 points Which of the following is the primary goal of an economy? Answer • Question 5 4 out of 4 points Real per capita GDP is defined as Answer • Question 6 4 out of 4 points The fundamental economic problem involves Answer • Question 7 4 out of 4 points When comparing the performance of economies in terms of the average well-being of their inhabitants, which measure is most appropriate? Answer • Question 8 4 out of 4 points The fundamental economic problem is Answer • Question 9 4 out of 4 points A production possibilities curve represents all of an economy's combinations for production that are Answer • Question 10 4 out of 4 points The means for satisfying wants are Answer • Question 11 4 out of 4 points If education and food are the two goods that society can produce, an increase in the production technology for food will result in Answer • Question 12 4 out of 4 points If an economy is experiencing unemployment, it is operating at a point Answer • Question 13 4 out of 4 points If a country's GDP increases from $1m to $2m at the same time prices increase by half (50%), real GDP will Answer • Question 14 4 out of 4 points To correct for inflation, GDP numbers must be converted using the price level in a given year known as the Answer • Question 15 4 out of 4 points The quality of the labor force is often measured by Answer ECO 405 QUIZ 2 Click Below Link To Purchase www.foxtutor.com/product/eco-405-quiz-2 ECO 405 QUIZ 2 • Question 1 4 out of 4 points China's growth has been a result of Answer • Question 2 4 out of 4 points Markets that fall between pure competition and monopoly are called: Answer • Question 3 4 out of 4 points A market with only one seller of a product that has no good substitutes is called Answer • Question 4 4 out of 4 points Which of the following is least consistent with the pure market economy? Answer • Question 5 0 out of 4 points As the baby boom generation continues to age, what will happen to the equilibrium price and quantity of homes in retirement communities? Answer • Question 6 4 out of 4 points If an increase in the price of bicycles leads to an increase in the demand for bus transportation, the bicycles and bus rides must be Answer • Question 7 4 out of 4 points Which of the following descriptions fits the American economy best? Answer • Question 8 4 out of 4 points Two goods are said to be substitutes in consumption if Answer • Question 9 4 out of 4 points As consumer incomes rise, the demand curve for Good X shifts to the right. Given this, Good X must be Answer • Question 10 4 out of 4 points The Law of Supply states that price and Answer • Question 11 4 out of 4 points Suppose the United Auto Workers union successfully lobbies Congress to enact an import quota on all foreign cars imported into the U.S. Which of the following is most likely to occur in the U.S.? Answer • Question 12 4 out of 4 points In a market economy, Answer • Question 13 4 out of 4 points Since 1990, foreign investment in China has Answer • Question 14 4 out of 4 points A student graduates from college and gets a high-paying job. As a result of the increase in income, the student buys more frozen pizzas. For the student, frozen pizzas must be a(n) Answer • Question 15 4 out of 4 points You receive a big raise at work. As a result of your now higher income, you stop bringing your lunch from home and start eating lunch at a nearby restaurant. Your homemade lunches must be Answer • Question 16 4 out of 4 points An increase in the wage from $6 per hour to $6.50 per hour causes a worker to increase her hours worked from 40 to 45 hours per week. For this worker, which effect dominates? Answer • Question 17 4 out of 4 points To be effective, a price ceiling must be set Answer • Question 18 4 out of 4 points As of summer 2009, the U.S. federal minimum wage is set at what rate per hour? Answer • Question 19 4 out of 4 points The marginal product of labor is the additional Answer • Question 20 4 out of 4 points Which effect dominates if a workers supply curve for labor is negatively sloped? Answer • Question 21 4 out of 4 points One of the earliest known rent control laws was instituted in which city and when? Answer • Question 22 4 out of 4 points Rent control laws will _____________ the search costs of potential renters. Answer • Question 23 4 out of 4 points Which of the following measures the change in the hours of work that occurs when there is a change in income, other things equal? Answer • Question 24 4 out of 4 points As the price of rental housing falls, which of the following occurs? Answer • Question 25 4 out of 4 points Price floors are often instituted for which of the following purposes? Answer • Question 26 0 out of 4 points A firm increases the number of workers it hires from 50 to 52, and as a result, output increases from 100 to 110. Each of the additional units of output can be sold for $2. What is the marginal revenue product of the 52nd worker? Answer • Question 27 4 out of 4 points The additional revenue a firm receives as a result of selling an additional unit of output is called Answer • Question 28 4 out of 4 points The consequences of government intervention Answer • Question 29 4 out of 4 points Price ceilings may be used on a selective basis to Answer • Question 30 4 out of 4 points Research suggests that as the minimum wage is increased by 10%, the associated increase in the teenage unemployment rate is nearly Answer ECO 405 Quiz 9 chapter 13 Click Below Link To Purchase www.foxtutor.com/product/eco-405-quiz-9-chapter-13 • Question 1 4 out of 4 points Which of the following best describes when the economy is experiencing inflation? When Answer • Question 2 4 out of 4 points Technological change in an industry that historically required specific labor skills will lead to Answer • Question 3 4 out of 4 points A useful measure of the size of the workforce, that is, the number of individuals who are willing and able to work, is Answer • Question 4 4 out of 4 points If inflation causes the demand for houses to increase more rapidly than the demand for other goods, the economy has experienced which effect of inflation? Answer • Question 5 4 out of 4 points In an economy like that of the US, due to a variety of institutional and social factors, wages tend to be Answer • Question 6 4 out of 4 points Which price index is also known as the cost-of-living index? Answer • Question 7 4 out of 4 points The psychological law of consumption tells us the marginal propensity to consume will be Answer Selected Answer: han 0 but less than 1 • Question 8 4 out of 4 points The effects of inflation on the distribution of income are called Answer • Question 9 4 out of 4 points In the circular flow diagram, economic units are classified as Answer • Question 10 4 out of 4 points Aggregate demand Answer • Question 11 4 out of 4 points The Phillips curve depicts the relationship between Answer • Question 12 4 out of 4 points The determinants of aggregate supply are Answer • Question 13 4 out of 4 points Which of the following is most likely be hurt by inflation? Answer • Question 14 4 out of 4 points People who are unemployed due to a downturn in economic activity are classified in the category of Answer • Question 15 4 out of 4 points If inflation stimulates production and employment, the economy experiences which of the following effects of inflation? Answer ECO 405 Week 4 Assignment 1 Article Analysis Click Below Link To Purchase www.foxtutor.com/product/eco-405-week-4-assignment-1-article-analysis Assignment 1: Article Analysis Due Week 4 and worth 240 points Locate a news article about an issue that has been addressed in Weeks 1 through 3 (e.g., poverty, pollution, etc.) in order to conduct a meta-analysis of the author’s economic perspective of the selected issue. Write a six to eight (6-8) page paper in which you: 1. Provide a brief overview / synopsis of the issue. 2. Discuss the model or economic theory that relates to the issue presented in the news article. 3. Discuss what economic theory states and predicts about the issue presented in the news article. 4. Assess how the situation / issue presented in the news article aligns with economic theory. For example, does it make sense from an economic perspective; is the outcome presented in the article what economic theory would predict; etc.? 5. Use at least two (2) quality academic resources. Note:Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: • Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues. • Assess how the economic behavior of individuals, businesses, and governments can affect economic growth, social well-being, and the quality of life. • Use technology and information resources to research economic problems and issues. Write clearly and concisely about economic problems and issues using proper writing mechanics ECO 405 Week 4 Quiz 3 Click Below Link To Purchase www.foxtutor.com/product/eco-405-week-4-quiz-3 ECO 405 Week 4 Quiz 3 Strayer For a tax on pollution to be effective, it must be Answer Question 2 4 out of 4 points Another term for implicit cost is Answer Question 3 0 out of 4 points Which of the following is a factor leading to pollution? Answer Question 4 0 out of 4 points Requiring automobiles to pass emissions tests before being allowed on the road is an example of a(n) Answer Question 5 4 out of 4 points The level of pollution increases when Answer Question 6 0 out of 4 points The efficient level of pollution is zero only if the Answer Question 7 4 out of 4 points Marginal private cost (MPC) always includes: Answer Question 8 4 out of 4 points Costs incurred by the producer to buy or hire resources are called Answer Question 9 4 out of 4 points Complete elimination of pollution is economically rational when Answer Question 10 0 out of 4 points If a pollution tax is placed on a firm emitting pollution, the firm will treat pollution, rather than pay the tax, as long as the tax is Answer Question 11 4 out of 4 points Human production processes do not include which of the following services? Answer Question 12 4 out of 4 points Which of the following creates a positive externality in production? Answer Question 13 4 out of 4 points Pollution rights markets Answer Question 14 4 out of 4 points When the marginal private benefit of an activity does not equal the marginal social benefit, which of the following exists? Answer Question 15 4 out of 4 points When the marginal private cost of an activity does not equal the marginal social cost, which of the following exists? Answer Question 16 4 out of 4 points If you are willing to take a pay cut to live near a ski resort, the ski resort provides you with Answer Question 17 4 out of 4 points If a law is passed making it illegal for unlicensed barbers to cut hair, which of the following will result? Answer Question 18 4 out of 4 points When an individual receives benefits from a business endeavor in the form of personal satisfaction, the benefits are known as Answer Question 19 4 out of 4 points The marginal cost of a good is Answer Question 20 4 out of 4 points Government can effectively remedy the free-rider problem by Answer Question 21 4 out of 4 points Police officers should be hired up to the point where Answer Question 22 4 out of 4 points An additional expenditure on crime prevention should be allocated to the activity where Answer Question 23 4 out of 4 points Which of the following exists when an individual consumes benefits from a public good but does not pay for its cost? Answer Question 24 4 out of 4 points Which of the following decreases a person's implicit cost of engaging in the illegal production of marijuana? Answer Question 25 4 out of 4 points Economics explains the decision to participate in criminal activities most often in the case of Answer Question 26 4 out of 4 points Economic analysis of crime can Answer Question 27 4 out of 4 points From an economic point of view, crime prevention activities should be expanded to the point at which Answer Question 28 4 out of 4 points A group project has been assigned and most of the work ends up being produced by only one or two of the group's members. This is an example of Answer Question 29 4 out of 4 points Arson is an example of a(n) Answer Question 30 4 out of 4 points Prostitution is an example of a(n) Answer ECO 405 Week 8 Assignment 3 Economic Policy Recommendation Click Below Link To Purchase www.foxtutor.com/product/eco-405-week-8-assignment-3-economic-policy-recommendation Assignment 3: Economic Policy Recommendation Due Week 8 and worth 300 points Select an economic problem mentioned in the textbook as the topic for a policy recommendation. Write a six to eight (6-8) page paper modeled as a policy recommendation in which you: Briefly describe the economic problem you have selected. Assess the impact the problem poses to society. Design an economic policy solution to the problem. Analyze the economic theory used to complete the policy solution and determine the impact on the appropriate stakeholders. Analyze how the economic policy proposed would impact the market or solve the economic problem. Use at least five (5) quality academic resources. Note:Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length. The specific course learning outcomes associated with this assignment are: Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues. Assess how the economic behavior of individuals, businesses, and governments can affect economic growth, social well-being, and the quality of life. Use economic analysis to describe the social costs and benefits of government and public policy choices. Analyze the relationship between economic activity and the resources available in a society. Appraise the role of large firms in terms of economic performance and social impact. Assess the major economic and related social issues associated with production, resource markets, and international trade. Use technology and information resources to research economic problems and issues. Write clearly and concisely about economic problems and issues using proper writing mechanics

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ECO 405 Chapter 13 quiz Click Below Link To Purchase www.foxtutor.com/product/eco-405-chapter-13-quiz Eco 405 Chap 13 quiz • Question 1 4 out of 4 points Which of the following best describes when the economy is experiencing inflation? When Answer • Question 2 4 out of 4 points Technological change in an industry that historically required specific labor skills will lead to Answer • Question 3 4 out of 4 points A useful measure of the size of the workforce, that is, the number of individuals who are willing and able to work, is Answer • Question 4 4 out of 4 points If inflation causes the demand for houses to increase more rapidly than the demand for other goods, the economy has experienced which effect of inflation? Answer • Question 5 4 out of 4 points In an economy like that of the US, due to a variety of institutional and social factors, wages tend to be Answer • Question 6 4 out of 4 points Which price index is also known as the cost-of-living index? Answer • Question 7 4 out of 4 points The psychological law of consumption tells us the marginal propensity to consume will be Answer • Question 8 4 out of 4 points The effects of inflation on the distribution of income are called Answer • Question 9 4 out of 4 points In the circular flow diagram, economic units are classified as Answer • Question 10 4 out of 4 points Aggregate demand Answer Question 11 4 out of 4 points The Phillips curve depicts the relationship between Answer • Question 12 4 out of 4 points The determinants of aggregate supply are Answer • Question 13 4 out of 4 points Which of the following is most likely be hurt by inflation? Answer • Question 14 4 out of 4 points People who are unemployed due to a downturn in economic activity are classified in the category of Answer • Question 15 4 out of 4 points ECO 405 chapter 6 Click Below Link To Purchase www.foxtutor.com/product/eco-405-chapter-6 • Question 1 4 out of 4 points The empirical evidence of the effectiveness of voucher programs is best described as Answer • Question 2 0 out of 4 points Marginal social benefits equal Answer • Question 3 4 out of 4 points The supply of private education is represented by Answer • Question 4 0 out of 4 points The creation of new learning technologies will cause which of the following to decrease? Answer • Question 5 0 out of 4 points I benefit because you become more educated. This is an example of a Answer • Question 6 4 out of 4 points To be socially optimal, education should be provided to the point where Answer • Question 7 4 out of 4 points What is the relationship between school funding and student achievement? Answer • Question 8 4 out of 4 points Students learn about health and nutrition in school. This provides a Answer • Question 9 0 out of 4 points Schools in which parents or other groups were permitted to create a new school with state funding and were given control over operations are known as Answer • Question 10 0 out of 4 points Which of the following will decrease the equilibrium quantity of education in a market? Answer • Question 11 0 out of 4 points In a purely private K-12 education system, spaces would be allocated based on Answer • Question 12 4 out of 4 points In the existing public K-12 education system, spaces are allocated based on Answer • Question 13 0 out of 4 points An increase in the demand for education will Answer • Question 14 0 out of 4 points A decrease in the cost of education will Answer • Question 15 0 out of 4 points With positive externalities in consumption, the market equilibrium quantity will be Answer ECO 405 CHAPTER 7 Click Below Link To Purchase www.foxtutor.com/product/eco-405-chapter-7 ECO405 CHAPTER 7 • • Question 1 4 out of 4 points Discrimination occurs Answer • Question 2 4 out of 4 points In 1996, the Personal Responsibility and Work Opportunity Act established which of the following programs? Answer • Question 3 4 out of 4 points Which of the following is charged with enforcing the federal government's anti-discrimination laws? Answer • Question 4 4 out of 4 points The major piece of legislation that makes it illegal to discriminate in the labor market on the basis of race, gender, or religion is the Answer • Question 5 4 out of 4 points The incidence of poverty is highest among Answer • Question 6 4 out of 4 points The Supplemental Social Insurance (SSI) program is not available to Answer • Question 7 4 out of 4 points • Question 8 4 out of 4 points Discrimination is indicated when Answer • Question 9 4 out of 4 points A government transfer payment is a payment Answer • Question 10 4 out of 4 points Ending discrimination against minority groups in educational processes and in employment situations would cause GDP to Answer • Question 11 4 out of 4 points Spending on education, training, and health are examples of Answer • Question 12 4 out of 4 points The Civil Rights Act of 1964 protects workers from discrimination based on all the following characteristics except one? Which one? Answer • Question 13 4 out of 4 points Critics have claimed that the EITC Answer • Question 14 4 out of 4 points Median earnings of year-round, full-time women workers are considerably less than those for men because women have Answer • Question 15 4 out of 4 points The official U.S. poverty definition is an income sufficient to provide Answer ECO 405 Quiz 1 Click Below Link To Purchase www.foxtutor.com/product/eco-405-quiz-1 • Question 1 4 out of 4 points Given the amounts of resources available for an economy, GDP Answer • Question 2 4 out of 4 points A three-year-old learns about the fundamental economic problem when she Answer • Question 3 4 out of 4 points Which of the follow best describes human wants and desires? They Answer • Question 4 4 out of 4 points Which of the following is the primary goal of an economy? Answer • Question 5 4 out of 4 points Real per capita GDP is defined as Answer • Question 6 4 out of 4 points The fundamental economic problem involves Answer • Question 7 4 out of 4 points When comparing the performance of economies in terms of the average well-being of their inhabitants, which measure is most appropriate? Answer • Question 8 4 out of 4 points The fundamental economic problem is Answer • Question 9 4 out of 4 points A production possibilities curve represents all of an economy's combinations for production that are Answer • Question 10 4 out of 4 points The means for satisfying wants are Answer • Question 11 4 out of 4 points If education and food are the two goods that society can produce, an increase in the production technology for food will result in Answer • Question 12 4 out of 4 points If an economy is experiencing unemployment, it is operating at a point Answer • Question 13 4 out of 4 points If a country's GDP increases from $1m to $2m at the same time prices increase by half (50%), real GDP will Answer • Question 14 4 out of 4 points To correct for inflation, GDP numbers must be converted using the price level in a given year known as the Answer • Question 15 4 out of 4 points The quality of the labor force is often measured by Answer ECO 405 QUIZ 2 Click Below Link To Purchase www.foxtutor.com/product/eco-405-quiz-2 ECO 405 QUIZ 2 • Question 1 4 out of 4 points China's growth has been a result of Answer • Question 2 4 out of 4 points Markets that fall between pure competition and monopoly are called: Answer • Question 3 4 out of 4 points A market with only one seller of a product that has no good substitutes is called Answer • Question 4 4 out of 4 points Which of the following is least consistent with the pure market economy? Answer • Question 5 0 out of 4 points As the baby boom generation continues to age, what will happen to the equilibrium price and quantity of homes in retirement communities? Answer • Question 6 4 out of 4 points If an increase in the price of bicycles leads to an increase in the demand for bus transportation, the bicycles and bus rides must be Answer • Question 7 4 out of 4 points Which of the following descriptions fits the American economy best? Answer • Question 8 4 out of 4 points Two goods are said to be substitutes in consumption if Answer • Question 9 4 out of 4 points As consumer incomes rise, the demand curve for Good X shifts to the right. Given this, Good X must be Answer • Question 10 4 out of 4 points The Law of Supply states that price and Answer • Question 11 4 out of 4 points Suppose the United Auto Workers union successfully lobbies Congress to enact an import quota on all foreign cars imported into the U.S. Which of the following is most likely to occur in the U.S.? Answer • Question 12 4 out of 4 points In a market economy, Answer • Question 13 4 out of 4 points Since 1990, foreign investment in China has Answer • Question 14 4 out of 4 points A student graduates from college and gets a high-paying job. As a result of the increase in income, the student buys more frozen pizzas. For the student, frozen pizzas must be a(n) Answer • Question 15 4 out of 4 points You receive a big raise at work. As a result of your now higher income, you stop bringing your lunch from home and start eating lunch at a nearby restaurant. Your homemade lunches must be Answer • Question 16 4 out of 4 points An increase in the wage from $6 per hour to $6.50 per hour causes a worker to increase her hours worked from 40 to 45 hours per week. For this worker, which effect dominates? Answer • Question 17 4 out of 4 points To be effective, a price ceiling must be set Answer • Question 18 4 out of 4 points As of summer 2009, the U.S. federal minimum wage is set at what rate per hour? Answer • Question 19 4 out of 4 points The marginal product of labor is the additional Answer • Question 20 4 out of 4 points Which effect dominates if a workers supply curve for labor is negatively sloped? Answer • Question 21 4 out of 4 points One of the earliest known rent control laws was instituted in which city and when? Answer • Question 22 4 out of 4 points Rent control laws will _____________ the search costs of potential renters. Answer • Question 23 4 out of 4 points Which of the following measures the change in the hours of work that occurs when there is a change in income, other things equal? Answer • Question 24 4 out of 4 points As the price of rental housing falls, which of the following occurs? Answer • Question 25 4 out of 4 points Price floors are often instituted for which of the following purposes? Answer • Question 26 0 out of 4 points A firm increases the number of workers it hires from 50 to 52, and as a result, output increases from 100 to 110. Each of the additional units of output can be sold for $2. What is the marginal revenue product of the 52nd worker? Answer • Question 27 4 out of 4 points The additional revenue a firm receives as a result of selling an additional unit of output is called Answer • Question 28 4 out of 4 points The consequences of government intervention Answer • Question 29 4 out of 4 points Price ceilings may be used on a selective basis to Answer • Question 30 4 out of 4 points Research suggests that as the minimum wage is increased by 10%, the associated increase in the teenage unemployment rate is nearly Answer ECO 405 Quiz 9 chapter 13 Click Below Link To Purchase www.foxtutor.com/product/eco-405-quiz-9-chapter-13 • Question 1 4 out of 4 points Which of the following best describes when the economy is experiencing inflation? When Answer • Question 2 4 out of 4 points Technological change in an industry that historically required specific labor skills will lead to Answer • Question 3 4 out of 4 points A useful measure of the size of the workforce, that is, the number of individuals who are willing and able to work, is Answer • Question 4 4 out of 4 points If inflation causes the demand for houses to increase more rapidly than the demand for other goods, the economy has experienced which effect of inflation? Answer • Question 5 4 out of 4 points In an economy like that of the US, due to a variety of institutional and social factors, wages tend to be Answer • Question 6 4 out of 4 points Which price index is also known as the cost-of-living index? Answer • Question 7 4 out of 4 points The psychological law of consumption tells us the marginal propensity to consume will be Answer Selected Answer: han 0 but less than 1 • Question 8 4 out of 4 points The effects of inflation on the distribution of income are called Answer • Question 9 4 out of 4 points In the circular flow diagram, economic units are classified as Answer • Question 10 4 out of 4 points Aggregate demand Answer • Question 11 4 out of 4 points The Phillips curve depicts the relationship between Answer • Question 12 4 out of 4 points The determinants of aggregate supply are Answer • Question 13 4 out of 4 points Which of the following is most likely be hurt by inflation? Answer • Question 14 4 out of 4 points People who are unemployed due to a downturn in economic activity are classified in the category of Answer • Question 15 4 out of 4 points If inflation stimulates production and employment, the economy experiences which of the following effects of inflation? Answer ECO 405 Week 4 Assignment 1 Article Analysis Click Below Link To Purchase www.foxtutor.com/product/eco-405-week-4-assignment-1-article-analysis Assignment 1: Article Analysis Due Week 4 and worth 240 points Locate a news article about an issue that has been addressed in Weeks 1 through 3 (e.g., poverty, pollution, etc.) in order to conduct a meta-analysis of the author’s economic perspective of the selected issue. Write a six to eight (6-8) page paper in which you: 1. Provide a brief overview / synopsis of the issue. 2. Discuss the model or economic theory that relates to the issue presented in the news article. 3. Discuss what economic theory states and predicts about the issue presented in the news article. 4. Assess how the situation / issue presented in the news article aligns with economic theory. For example, does it make sense from an economic perspective; is the outcome presented in the article what economic theory would predict; etc.? 5. Use at least two (2) quality academic resources. Note:Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: • Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues. • Assess how the economic behavior of individuals, businesses, and governments can affect economic growth, social well-being, and the quality of life. • Use technology and information resources to research economic problems and issues. Write clearly and concisely about economic problems and issues using proper writing mechanics ECO 405 Week 4 Quiz 3 Click Below Link To Purchase www.foxtutor.com/product/eco-405-week-4-quiz-3 ECO 405 Week 4 Quiz 3 Strayer For a tax on pollution to be effective, it must be Answer Question 2 4 out of 4 points Another term for implicit cost is Answer Question 3 0 out of 4 points Which of the following is a factor leading to pollution? Answer Question 4 0 out of 4 points Requiring automobiles to pass emissions tests before being allowed on the road is an example of a(n) Answer Question 5 4 out of 4 points The level of pollution increases when Answer Question 6 0 out of 4 points The efficient level of pollution is zero only if the Answer Question 7 4 out of 4 points Marginal private cost (MPC) always includes: Answer Question 8 4 out of 4 points Costs incurred by the producer to buy or hire resources are called Answer Question 9 4 out of 4 points Complete elimination of pollution is economically rational when Answer Question 10 0 out of 4 points If a pollution tax is placed on a firm emitting pollution, the firm will treat pollution, rather than pay the tax, as long as the tax is Answer Question 11 4 out of 4 points Human production processes do not include which of the following services? Answer Question 12 4 out of 4 points Which of the following creates a positive externality in production? Answer Question 13 4 out of 4 points Pollution rights markets Answer Question 14 4 out of 4 points When the marginal private benefit of an activity does not equal the marginal social benefit, which of the following exists? Answer Question 15 4 out of 4 points When the marginal private cost of an activity does not equal the marginal social cost, which of the following exists? Answer Question 16 4 out of 4 points If you are willing to take a pay cut to live near a ski resort, the ski resort provides you with Answer Question 17 4 out of 4 points If a law is passed making it illegal for unlicensed barbers to cut hair, which of the following will result? Answer Question 18 4 out of 4 points When an individual receives benefits from a business endeavor in the form of personal satisfaction, the benefits are known as Answer Question 19 4 out of 4 points The marginal cost of a good is Answer Question 20 4 out of 4 points Government can effectively remedy the free-rider problem by Answer Question 21 4 out of 4 points Police officers should be hired up to the point where Answer Question 22 4 out of 4 points An additional expenditure on crime prevention should be allocated to the activity where Answer Question 23 4 out of 4 points Which of the following exists when an individual consumes benefits from a public good but does not pay for its cost? Answer Question 24 4 out of 4 points Which of the following decreases a person's implicit cost of engaging in the illegal production of marijuana? Answer Question 25 4 out of 4 points Economics explains the decision to participate in criminal activities most often in the case of Answer Question 26 4 out of 4 points Economic analysis of crime can Answer Question 27 4 out of 4 points From an economic point of view, crime prevention activities should be expanded to the point at which Answer Question 28 4 out of 4 points A group project has been assigned and most of the work ends up being produced by only one or two of the group's members. This is an example of Answer Question 29 4 out of 4 points Arson is an example of a(n) Answer Question 30 4 out of 4 points Prostitution is an example of a(n) Answer ECO 405 Week 8 Assignment 3 Economic Policy Recommendation Click Below Link To Purchase www.foxtutor.com/product/eco-405-week-8-assignment-3-economic-policy-recommendation Assignment 3: Economic Policy Recommendation Due Week 8 and worth 300 points Select an economic problem mentioned in the textbook as the topic for a policy recommendation. Write a six to eight (6-8) page paper modeled as a policy recommendation in which you: Briefly describe the economic problem you have selected. Assess the impact the problem poses to society. Design an economic policy solution to the problem. Analyze the economic theory used to complete the policy solution and determine the impact on the appropriate stakeholders. Analyze how the economic policy proposed would impact the market or solve the economic problem. Use at least five (5) quality academic resources. Note:Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length. The specific course learning outcomes associated with this assignment are: Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues. Assess how the economic behavior of individuals, businesses, and governments can affect economic growth, social well-being, and the quality of life. Use economic analysis to describe the social costs and benefits of government and public policy choices. Analyze the relationship between economic activity and the resources available in a society. Appraise the role of large firms in terms of economic performance and social impact. Assess the major economic and related social issues associated with production, resource markets, and international trade. Use technology and information resources to research economic problems and issues. Write clearly and concisely about economic problems and issues using proper writing mechanics

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