21) If a union restricts the supply of labor, it ________ the wage rate and ________ the level of employment. A) raises; decreases B) raises; increases C) raises; does not change D) lowers; decreases E) lowers; increases 22) Unions ________ free trade and ________ a higher minimum wage. A) favor; favor B) are neutral toward; oppose C) favor; oppose D) oppose; favor E) […]
19.3 Real GDP versus Nominal GDP 1) Nominal GDP is GDP in a given year A) adjusted for inflation. B) adjusted for anticipated inflation. C) valued in the prices of that year. D) valued in the prices of the base year. 2) Real GDP is GDP in a given year A) adjusted only for anticipated inflation. B) adjusted only for […]
71.RefertoFigure10-16.Thisgraphshowsthemarketforpollutionwhenpermitsareissuedtofirmsandtradedinthemarketplace.Theequilibriumpriceofpollutionis a.$50 b.$500 c.$1,000 d.$2,000 72.RefertoFigure10-16.Thisgraphshowsthemarketforpollutionwhenpermitsareissuedtofirmsandtradedinthemarketplace.Theequilibriumnumberofpermitsis a.50 b.100 c.1,000 d.2,000 73.RefertoFigure10-16.Thisgraphshowsthemarketforpollutionwhenpermitsareissuedtofirmsandtradedinthemarketplace.Intheabsenceofapollutionpermitsystem,thequantityofpollutionwouldbe a.25 b.50 c.75 d.100 74.Twofirms,AandB,eachcurrentlyemit100tonsofchemicalsintotheair.Thegovernmenthasdecidedtoreducethe pollutionand fromnowon willrequirea pollutionpermitfor eachtonof pollutionemittedinto theair.Thegovernmentgiveseachfirm40pollutionpermits,whichitcaneitheruseorselltotheotherfirm.ItcostsFirmA$200foreachtonofpollutionthatiteliminatesbeforeitisemittedintotheair,anditcostsFirmB$100foreachtonofpollutionthatiteliminatesbeforeitisemittedintotheair.Afterthetwofirmsbuyorsellpollutionpermitsfromeachother,wewouldexpectthatFirmAwillemit a.20 fewertonsof pollutioninto theair,and FirmBwill emit100fewer tonsofpollution intotheair. b.100 fewertonsof pollutioninto theair,and FirmBwill emit20fewer tonsofpollution intotheair. c.50 fewertons ofpollution intothe air,and FirmBwill emit50 fewertons ofpollution intotheair. d.20more tonsof pollution intothe air,and Firm Bwill emit 100fewer tonsof pollution intothe air. 75.Twofirms,AandB,eachcurrentlyemit100tonsofchemicalsintotheair.Thegovernmenthasdecidedtoreducethe pollutionand […]
8) Production efficiency requires that A) the economy be producing on the PPF but the marginal cost of a good does not need to equal its marginal benefit. B) the economy be producing on the PPF and that the marginal cost of a good equals its marginal benefit. C) the marginal cost of a good equals its marginal benefit but the economy does not […]
85.In the Johari Window, feedback from others helps us to: A.increase our open area by reducing our blind area. B.increase our unknown area by reducing our hidden area. C.decrease our open area by increasing our amount of disclosure. D.increase our open area by reducing our unknown area. E.increase our open area by increasing our hidden area. 86.In the Johari Window, disclosure of information to […]
11) If the price of steel increases drastically, the quantity of steel demanded by the building industry will fall significantly over the long run because A) buyers of steel are more sensitive to a price change if they have more time to adjust to the price change. B) buyers of steel are less sensitive to a price change if they have more time to […]
31.If you hear that unemployment increased by 2 percentage points to 4 percent in the past year, while the labor force participation rate and the population remained constant, it means: A. unemployment doubled in the past year. B. there was a 100 percent increase in unemployment. C. twice as many people are without work than was the case a year ago. D. All of these are true. […]
16.3 A Long-Run Exchange Rate Model Based on PPP 1) In order for the condition E$/HK$ = PUS/PHK to hold, what assumptions does the principle of purchasing power parity make? A) Only that there are no transportation costs and restrictions on trade. B) Only that the markets are perfectly competitive, i.e., P = MC. C) The factors of production are identical between […]
7.2 Price Floors 1) A price floor is A) the highest possible legal price that can be charged for a good or service. B) usually equal to the equilibrium price established before the government imposed the price floor. C) the lowest legal price at which a good or service can be traded. D) a legal price of zero that can be charged for a […]
91.Max Weber argued that the ascetic principles embedded in _____ do not encourage entrepreneurial activity in pursuit of wealth creation because it is perceived that such activities make the attainment of nirvana more difficult. A. Islam B. Hinduism C. Confucianism D. Protestantism E. Capitalism 92.Hindus see mobility between castes as something that can be achieved through: A. appropriate schooling and occupation. B. individual economic achievements over the course of one’s lifetime. […]
The course presentation is a more formal research project on a specific theatre topic studied or prominent in the field. The presentation should be on one of the theatrical topics listed below…or elect to pick a topic of your own (with approval by the instructor).
Areas that could be covered by this presentation include (but are not limited by) the following.
Unlike other assignments in this course, the presentation is not necessarily a normal written essay (though an enhanced written research project would be acceptable). Think originality and creativity…that is, graphics, charts, images/videos, Powerpoint/Prezi programs, audio or visual presentations, etc. are all accepted and encouraged. If created in Word, 8-10 page limit is recommended
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