Microeconomics
10th Edition
ISBN: 9781259655500
Author: David C Colander
Publisher: McGraw-Hill Education
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Question
Chapter 2, Problem 2QAP
(a)
To determine
Check whether maximizing output is the goal of society.
(b)
To determine
Check whether maximizing output is the goal of society in a Christian country.
(c)
To determine
Goal of a Christian country.
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Students have asked these similar questions
QUESTION 1
Choose the most correct answer to the following questions/phrases. Only write down
the question number and the letter of your answer.
1.1
economy.
(1)
1.1.1
Communism and Socialism are both examples of a
A
Planned
Market
C
Mixed
Open
1.1.2
In a
economy various aspects of production are determined by supply and
demand.
(1)
Planned
Market
Mixed
Оpen
1.1.3
An unfair and unethical phenomenon that does not occur in planned economies.
(1)
Social grants
Over-development
B.
Monopolies
Unemployment benefits
1.1.4
In a
economy consumer demand is predictable and controllable.
(1)
A
Planned
B.
Market
Mixed
Open
1.1.5
The flow of goods, services and knowledge over international borders.
(1)
Expansion
B.
Globalisation
Free flow
D.
Customs
[5]
Questions:
1. What do you think are the possible causes of
overpopulation in our country?
2. Is there any positive side of having huge
population in our country?
3. What do you think will be the implications of
this issue in our country?
4. Explain how the other field or sector in the
country will be greatly affected by overpopulation
in our country? (For example, in terms of food
supply etc.)
5. What do you think are the things that the
government should do to resolve this issue?
1. Why might government be less capable than the market to do good?
2. The text makes it look as if maximizing output is the goal of society.
a. Is maximizing output the goal of society?
b. If the country is a Christian country, should it be?
c. If not, what should it be? (Religious)
3. It has been said that “capitalism robs us of our sexuality and sells it back to us.”
a. Does sex sell?
b. Is sex used to sell goods from Land Rovers to tissue paper?
c. Who, if anyone, is exploited in the use of sex to sell commodities?
d. Are both men and women exploited in the same ways? (Feminist)
4. Thorstein Veblen wrote that vested interests are those seeking “something for nothing.” In chapter 2, you learned how technology shapes the economy’s production possibilities over time so that a country becomes increasingly good at producing a subset of goods.
a. In what ways have vested interests used their influence to bias the U.S. economy toward the production of military goods at the expense…
Chapter 2 Solutions
Microeconomics
Ch. 2.1 - Prob. 1QCh. 2.1 - Prob. 2QCh. 2.1 - Prob. 3QCh. 2.1 - Prob. 4QCh. 2.1 - Prob. 5QCh. 2.1 - Prob. 6QCh. 2.1 - Prob. 7QCh. 2.1 - Prob. 8QCh. 2.1 - Prob. 9QCh. 2.1 - Prob. 10Q
Ch. 2.A - Prob. 1QECh. 2.A - Prob. 2QECh. 2.A - Prob. 3QECh. 2.A - Prob. 4QECh. 2.A - Prob. 5QECh. 2.A - Prob. 6QECh. 2.A - Prob. 7QECh. 2.A - Prob. 8QECh. 2 - Prob. 1QECh. 2 - Prob. 2QECh. 2 - Prob. 3QECh. 2 - Prob. 4QECh. 2 - Prob. 5QECh. 2 - Prob. 6QECh. 2 - Prob. 7QECh. 2 - Prob. 8QECh. 2 - Prob. 9QECh. 2 - Prob. 10QECh. 2 - Prob. 11QECh. 2 - Prob. 12QECh. 2 - Prob. 1QAPCh. 2 - Prob. 2QAPCh. 2 - Prob. 3QAPCh. 2 - Prob. 4QAPCh. 2 - Prob. 5QAPCh. 2 - Prob. 1IPCh. 2 - Prob. 2IPCh. 2 - Prob. 3IPCh. 2 - Prob. 4IPCh. 2 - Prob. 5IPCh. 2 - Prob. 6IP
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