Which of the following is not a bias voters have about economics? O A. anti-American bias OB. anti-market bias OC. make work bias OD, anti-foreign bias

Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?

nvellu Xl.com/Student/PlayerHomework.aspx?homeworkld=611294898&questionld=8&flushed%3Dfalse ITMG 1B Econ 2100 Homework: Basics ... Question 8, 1.1 Question... HW Scor > O Point: nic The problem of scarcity O A. can be solved in a market economy. O B. exists because the unlimited human wants cannot be satisfied with limited resources. O C. would disappear if there were no market failures. O D. exists because the limited human wants cannot be satisfied with available resources. O E. always results in shortages of some goods.

A possible headline from the local media is: "The government should ban hand guns" This headline provides an example of a O A. normative statement about a microeconomic issue O B. non-economic positive statement O C. positive statement about a macroeconomic issue O D. positive statement about a microeconomic issue O E. non-economic normative statement

. In what ways is economics a science?

Review the numbers for Canada and Venezuelafrom Table 33.12 which describes how many barrelsof oil and tons of lumber the workers can produce. Usethese numbers to answer the rest of this question.a. Draw a production possibilities frontier for eachcountry. Assume there are 100 workers in eachcountry. Canadians and Venezuelans desire bothoil and lumber. Canadians want at least 2,000tons of lumber. Mark a point on their productionpossibilities where they can get at least 3,000tons.b. Assume that the Canadians specializecompletely because they figured out they havea comparative advantage in lumber. They arewilling to give up 1,000 tons of lumber. Howmuch oil should they ask for in return for thislumber to be as well off as they were with notrade? How much should they ask for if theywant to gain from trading with Venezuela? Note:We can think of this “ask” as the relative price ortrade price of lumber.c. Is the Canadian “ask” you identified in (b) alsobeneficial for Venezuelans? Use the…

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mail publisher tests two for the same book." how to get rich in real state."at 15$ and 25$. He mails each to ad to 5000 rndomly selected names from a list of book buyers . 150 people order the book for 25 $, while 250 respond to the 15$ offer. The mail order publisher decides to advertise all future for 25$. Dis he make a mistake? ( hint: how much does it cost to produice and fulfill the orders for the book? What is the value of the book buyers list?)

(1) What are your emotional reactions to the termscapitalism and socialism? Explain why you feel theway you do. (2) Would you rather pay lower taxes andaccept the fact that you need to pay for many servicessuch as health care and education, or pay highertaxes with the assurance that the government willprovide many basic services for you? Why?

19LISLEII How docs thcorctical socialism differ from theoretical capitalism? How does it differ from socialism as it was practiced? Why are these terms no longet useful in describing today's economic systems? 1 A/