MLM Directory

Microeconomics homework help PLEASE?

1. Which of the following is a positive statement? a. an increase in college tuition is not fair to students b. a recession causes enrollments at universities to increase. c. university book store prices are too high d. parking tickets on campus impose an excessive fee 2.Huey has eaten two hamburgers and is considering a third. The marginal benefit in his decision is the pleasure from consuming... a. the two previous hamburgers b. all three hamburgers c. just the third hamburger d. just the second hamburger 3. Mothers Against Drunk Driving (MADD) campaigned to increase the legal penalties of drunk driving. The successful campaign ______ of drunk driving. a. increased the marginal benefit b. decreased the marginal benefit c. increased the marginal cost d. decreased the marginal cost 4. According to the circular flow model, a. dollars flow from households into the factor markets b. dollars flow from the firms into the factor markets c. goods flow from households into the goods markets d. goods flow from firms into the factor markets 5. While moving along a production possibilities frontier, the amount of a. labor and technology is fixed, but capital varies b. capital varies and the amount of labor varies c. labor varies but the level of technology is fixed d. labor, capital and technology are fixed 6. Assume that an association of young workers has lobbied congress to require that all workers retire once they reach the age of fifty. what impact would this law have on the nation's production possibilities frontier? a. no impact at all b. the level of unemployment would decrease so the production possibilities frontier would shift outward c. the nation would move to a new position on its production possibilities frontier but the frontier itself would not shift d. the production possibilities frontier would shift inward. 7.in the 1930’s, the U.S. economy suffered severely, with unemployment rates of 20 percent. During World War II in the early 1940’s, Americans found that their living standards improved relative to what it had been in the recent past because a.production became more efficient in the war. b.the federal government forced Americans to produce more of both guns and butter. c.the economy put unemployed resources to work during the war. d.There is no way to explain this occurrence. thanks<3

Public Comments

1. These are very easy questions that i'm sure you can find in your textbook.