21) Doug is currently not employed. He places a value of $16 an hour on his time in nonmarket activities. If Doug is offered a job paying $12 an hour, A) he should supply 0 hours in the labor market. B) he should supply a positive number of hours in the labor market and allocate no time to nonmarket activities. C) he is indifferent […]
11) The long-run Phillips curve is a A) horizontal line indicating a positive relationship between inflation and unemployment. B) vertical line indicating a positive relationship between inflation and unemployment. C) vertical line that shows the relationship between inflation and unemployment when the economy is at full employment. D) horizontal line that shows the relationship between inflation and unemployment when the economy is at full […]
59) If the price of a firm’s product falls, the firm’s demand for labor curve A) does not shift and there is no movement along it. B) shifts leftward. C) shifts rightward. D) does not shift but there is a movement along it. E) might shift leftward or rightward depending on whether the demand for the firm’s product is elastic or inelastic. 60) […]
21) The marginal rate of substitution of one good for another is measured by moving A) along an indifference curve. B) among different indifference curves. C) along a budget line. D) among different budget lines. E) along a demand curve. 22) The magnitude of the slope of an indifference curve is the A) marginal rate of substitution. B) rate of relative prices. C) […]
51) Rate of return regulation is designed to allow a natural monopoly to A) make an economic profit. B) make zero economic profit. C) underestimate its average cost. D) compete with any firm entering the market. E) make zero normal profit. 52) When a regulatory agency uses rate of return regulation, the A) agency is able to eliminate the deadweight loss. B) firm’s managers […]
101.The convergence theory is based on the idea of: A. decreasing marginal returns. B. decreasing income per capita. C. increasing rates of income per capita. D. increasing opportunity costs. 102.When a country adds more capital to its existing stock: A. the additional productivity is less than the previous increases to productivity. B. the additional productivity is more than the previous increases to productivity. C. it experiences rapidly increasing rates of […]
91.When a job is completed, the transaction is recorded with a A.debit to Work in Process Inventory and a credit to Cost of Goods Sold. B.debit to Finished Goods Inventory and a credit to Work in Process Inventory. C.debit to Cost of Goods Sold and a credit to Finished Goods Inventory. D.debit to Work in Process Inventory and a credit to Finished Goods Inventory. […]
41.Why is milk used as a first-aid remedy for someone who has swallowed a heavy-metal poison? a.The poison acts on the protein in the milk rather than on the protein of the gastrointestinal tract. b.Milk will cause the person to vomit and expel the poison. c.Milk will provide calcium, which serves to render the poison harmless. d.a and b e.b and c […]
21.If a loss contingency related to a lawsuit against a firm is deemed to have a remote probability of requiring ultimate payment, then the proper accounting treatment of the loss contingency will a. increase the debt/equity ratio. b. increase the debt/asset ratio. c. have no effect on earnings per share. d.increase the quick ratio. 22.An increase in a deferred tax […]
21) Which of the following is an example of a worker experiencing cyclical unemployment? A) A worker that changes jobs to move closer her family. B) An assembly line worker who loses his job because of automation. C) A freightliner employee that got laid off because of the recession of 2007-2009. D) A lifeguard who was hired during the summer season is laid […]
Essay 1
In your own words, explain your understanding of the social work profession. Describe the personal characteristics that equip you for this field and thoroughly outline the professional and personal experiences that have inspired you to pursue social work. Your response to this question should be no more than 200 words. *
Essay 2
The field of social work is about recognizing social injustice and working to eliminate barriers often faced by underrepresented populations. Describe your experiences with recognizing social injustice and how a graduate degree in social work can help equip you to eliminate these barriers. Your answer should be no more than 200 words. *
Essay 3
The School of Social Work is dedicated to producing alumni who are influencing the social welfare of people, families, and communities through service and leadership by integrating faith. Describe what this statement means to you and how the social work program will influence you as a practitioner. Your answer should not be more than 200 words.
Essay 4
In no more than 200 words, describe a societal issue of importance to you. Address the following questions in your response. Why does this issue deserve public action and resources? How has society contributed to this issue? Describe how social workers can take action to address the issue and how you might take an active leadership role. Include any personal experiences which have contributed to your understanding of this issue. Provide at least one source supporting this issue. *
Societal Issue: Child abuse and neglect
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