101) Refer to Figure 5-5. At the market-clearing price and quantity of $30 per hour and 4000 hours of gardening services purchased, the economic surplus is A) the sum of the areas below the demand curve, but above the market-clearing price of $30 — i.e., areas 1, 2, 6. B) the sum of the areas below the demand curve — i.e., areas 1, 2, […]
137.Deason Distributors has decided to discontinue manufacturing its Venus model blender. Currently, the company has 4,600 partially completed blenders on hand. The government has taken the blades off the market that the company uses in the blender, so each base must be reworked to accommodate a new style of blades. The company has spent $110 per unit to manufacture these blenders to their current […]
11) Suppose a consumer has $100 to spend on two goods, shoes and shirts. If the price of a pair of shoes is $20 per pair and the price of a shirt is $15 each, which of the following combinations is unaffordable to the consumer? A) 5 pairs of shoes and 0 shirts B) 2 pairs of shoes and 4 shirts C) 0 pairs […]
31.Normativeconclusions a.comefrompositiveanalysisalone. b.arebasedonignoranceofpositiveanalysis. c.involvevaluejudgments. d.reflecttheeconomist’sroleasscientist. 32.Whichofthefollowingisanexampleofapositive,asopposedtonormative,statement? a.Inflationismoreharmfultotheeconomythanunemploymentis. b.Ifwelfarepaymentsincrease,theworldwillbeabetterplace. c.Pricesrisewhenthegovernmentprintstoomuchmoney. d.Whenpublicpoliciesareevaluated,thebenefitstotheeconomyofimprovedequalityshouldbeconsideredmoreimportantthanthecostsofreducedefficiency. 33.Whichofthefollowingisanexampleofapositive,asopposedtonormative,statement? a.Whentheminimumwageisincreased,unemploymentisapredictableconsequence. b.Theincometaxrateshouldbeincreasedtooffsetthebudgetdeficit. c.Increasinggovernmentspendingisthebestwaytohelptheeconomymoveoutofarecession. d.Morethanoneoftheabovearepositivestatements. 34.Whichofthefollowingisapositive,asopposedtoanormative,statement? a.TheUSDepartmentofJusticeshouldallowamergerbetweenAT&TandT-Mobilebecauseitwouldhavelittleeffectonconsumers. b.Antitrustlawsshouldbeusedtopreventfurtherconcentrationinthewirelesstelephoneservicemarket. c.TheUSDepartmentofJusticesuedAT&TtoblockitsmergerwithT-Mobile. d.Thewirelesstelephoneservicemarketistoohighlyconcentrated. 35.Whichofthefollowingstatementsisanexampleofapositive,asopposedtonormative,statement? a.Americansdeserveacleanerenvironment. b.Reducingemissionsreducesdaysmissedfromschoolduetoasthma. c.AllAmericansareentitledtoqualityhealthcare. d.Economicpoliciesshouldfocusonimprovingequality. 36.“EnsuringthatSocialSecurityisfinanciallysoundforfuturegenerationsisanimportantuseoftaxpayerdollars”isanexampleofa a.normativeeconomicstatement. b.positiveeconomicstatement. c.statementmadebyaneconomistworkingasascientist. d.judgmentbasedonevaluationofevidence,notvalues. 37.“Pricesrisewhenthequantityofmoneyrisesrapidly”isanexampleofa a.negativeeconomicstatement. b.positiveeconomicstatement. c.normativeeconomicstatement. d.statementthatcontradictsoneofthebasicprinciplesofeconomics. 38.Which of the following isnotanexampleofapositive,asopposedtonormative,statement? a.Highergasolinepriceswillreducegasolineconsumption. b.Equalityismoreimportantthanefficiency. c.Traderestrictionslowerourstandardofliving. d.Ifanationwantstoavoidinflation,itwillrestrictthegrowthrateofthequantityofmoney. 39.Whichofthefollowingisanexampleofanormative,asopposedtopositive,statement? a.UniversalhealthcarewouldbegoodforU.S.citizens. b.Anincreaseinthecigarettetaxwouldcauseadecreaseinthenumberofsmokers. c.Adecreaseintheminimumwagewoulddecreaseunemployment. d.Alawrequiringthefederalgovernmenttobalanceitsbudgetwouldincreaseeconomicgrowth. 40.Whichofthefollowingisanexampleofanormative,asopposedtopositive,statement? a.Gasolinepricesoughttobelowerthantheyarenow. b.Thefederalgovernmentshouldraisetaxesonwealthypeople. c.Thesocialsecuritysystemisagoodsystemanditdeservestobepreservedasitis. d.Alloftheabovearenormativestatements.
101) Assume that the world’s largest smart-phone producers (Apple, Nokia, Samsung, etc.) operate in an oligopolistic industry. In the long run, which of the following is the most important form of competition between these firms? A) predatory pricing B) tacit collusion C) product innovation D) brand proliferation E) advertising 102) Suppose there are only five construction companies in a particular region that are each […]
21) Refer to the scenario above. Which of the following statements is true about the model? A) The model is not based on any assumption. B) The predictions of the model will hold for every individual. C) The model describes the economic payoff to more education. D) The model can be applied for maximum 10 years of additional education. 22) Which of the following […]
71. Grogan Inc.Grogan Inc. had the following information available from its 2011 and 2012 financial statements: Balance sheet information: 2011 2012 Current assets $ 15,000 $ 20,000 Long-term assets 107,000 207,000 Total assets $122,000 $227,000 Current liabilities $ 16,000 $ 11,500 Long-term liabilities 40,000 60,000 Total liabilities $ 56,000 $ […]
21) Compared to a perfectly competitive firm, the demand curve facing a monopolistically competitive firm is A) more elastic because there are many close substitutes for the product of a monopolistically competitive firm. B) less elastic because monopolistically competitive firms produce similar, but not identical, products. C) just as elastic because there are many sellers in both markets. D) more elastic because in […]
21) A U.S. citizen buys a Japanese bond. This transaction will be entered as a A) credit in the U.S. current account. B) credit in the U.S. capital account. C) debit in the U.S. current account. D) debit in the U.S. capital account. 22) A German individual buys shares in a U.S. company. This transaction will be entered as a A) credit in […]
51) If we compare the value of marginal product of labor curve and the demand for labor curve we see that A) they are the same thing. B) the value of marginal product curve is twice as steep. C) the demand for labor curve has no relationship to the value of marginal product curve. D) the demand for labor curve is twice as steep […]
For this Assignment, you will use the interview process to learn about the effects of improperly used technology on human health. Then, you will create a short audio-only public service announcement to increase awareness of this technology-caused issue. For example, consider such health issues as injuries from bike accidents in which riders were not wearing helmets. Or, think about the health issues that could result from not having a working CO2 detector in the home. Another example would be skin cancer related to the improper application of sunscreen.
Use the following PowerPoint template to complete Part 1 and Part 2 of the Assignment.
https://kapextmediassl-a.akamaihd.net/genEd/SS250/1707D/SS250_U9_Assignment.pptx
Part 1. Conduct a brief interview with either a medical professional, a public health representative, or public safety professional to learn about a current human health issue that is related to the improper use of technology.
You may conduct the interview in person or by phone. You may interview any knowledgeable representative of the agency. Cold calling or walking into an appropriate agency to get this information may be the most practical approach. Often the receptionist who answers the phone or greets you when you walk into an agency is an excellent source of information.
You may choose any agency that you wish, including, but not limited to:
Once the interview subject identifies an issue related to the improper use of technology, ask what the agency’s solution is to the health problem.
Use this short form to stay focused on the purpose of the interview and to keep it brief. Complete the form and save it. You will submit it as a deliverable for this Assignment.
Interview Checklist
Date of Interview: ____ Form of technology used to conduct interview: _________
Agency Name: ______ Agency Phone #____________________
Name and title of interview subject:____
What is a current health issue related to improper use of technology that your agency deals with regularly?
What is your agency’s solution to this health issue?
How can citizens contact your agency to learn more about this health issue?
Part 2
Use the information from the interview that you conducted to create an audio-only public service announcement that is between 30 and 60 seconds long.
Step 1. Research existing Public Service Announcements to get a better understanding of their form and purpose. Note how the examples state the problem, offer a solution, and give the audience contact information to learn more.
Step 2. Write a script for your own audio-only public service announcement. Use the information that you gathered in the interview that you conducted for Part 1 of this Assignment. Include these four elements in your announcement:
Step 3. Record your public service announcement using the PowerPoint template.
Step 4. When you are satisfied with your recording, save it and upload it to the Unit 9 Assignment Dropbox.
Keep in mind that the final recording should be in Standard English and include a highly developed and sustained viewpoint and purpose. The announcement should be highly ordered, logical, and unified. Oral delivery techniques, including word choice and oral expressiveness, should display exceptional content, organization, and style, and should lead the audience to a dynamic and supported conclusion.
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