Ecn 361 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Ecn 361? On this page you'll find 128 study documents about Ecn 361.
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ECN 361 Topic 3 DQ 2 Participation & Responses
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ECN 361 Topic 3 DQ 2 Participation & Responses
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ECN 361 Topic 8 DQ 1 Participation & Responses
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ECN 361 Topic 8 DQ 1 Participation & Responses
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ECN 361 Topic 8 Quiz
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1.	Question: Government vouchersto purchasefood, alsoknownasfood stamps,are anexample of 
2.	Question: Ifthewagesofadentistincrease,whichofthefollowingstatementsisnottrue? 
3.	Question: Figure18-5RefertoFigure18-5.IftherelevantlaborsupplycurveisS2andthecurrentwageis 
4.	Question: Suppose that an industrial accident at a factory destroys a significant number of high-speed blenders that bartenders use to mix frozen drinks. What will happen in the labor market for bartenders? 
5.	Question: Which of...
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ECN 361 Topic 1 DQ 2.
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Topic 1 DQ 2: 
Explain the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns, absolute advantage or comparative advantage? Why?
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ECN 361 Topic 5 DQ 2 Participation & Responses
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ECN Topic 5 DQ 2 
Evaluate the following statement: "Warren Buffet is one of richest people in the world. He doesn't face any constraint on his ability to purchase commodities he wants." Do you agree with this statement? Why or why not?
Too much month left at the end of the money?
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ECN 361 Topic 6 DQ 1 Participation & Responses
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ECN Topic 6 DQ 1 
Suppose that a small family farm sold its output for $100,000 in a given year. The familyspent $25,000 on fuel; $40,000 on seed, fertilizer, and pesticides; and $25,000 on equipment, including maintenance. The family members could have earned $20,000 working at other occupations. What is the family's accounting cost? What is the family's economic cost? Could the family's economic cost ever exceed its accounting cost? Why?
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ECN 361 Topic 8 DQ 2 Participation & Responses
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ECN Topic 8 DQ 2 
In the 1980s, the dangerous Ebola virus entered the United States through 
contaminated monkeys that were imported for use in medical experiments. Suppose 
this virus had not been contained but had spread to the general population. Assume that 
the virus is lethal in half of the people who are exposed to it. Describe the resulting 
effect on labor productivity
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ECN 361 Topic 4 DQ 1 Participation & Responses
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Topic 4DQ1 
The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms tend to free-ride on the knowledge created by others and, as a result, devote too few resources to the creation of knowledge. How does the U.S. government correct for this apparent market failure?
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ECN 361 Topic 4 DQ 2 Participation & Responses
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Topic 4DQ2 
The Coase theorem suggests that efficient solutions to externalities can be determined through bargaining. Under what circumstances will private bargaining fail to produce a solution? Explain your answer.
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ECN 361 Topic 7 Quiz
- Exam (elaborations) • 5 pages • 2023
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1.	Question: A firm's opportunity costs of production are equal to its 
2.	Question: Adibok knows that it produces and sells high-quality athletic shoes. Wurkout knows that it produces and sells low-quality athletic shoes. According to the signaling theory of advertising, 
3.	Question: Monopolistic competition is considered inefficient because 
4.	Question: Table 17-5 The table shows the town of Driveaway's schedule for gasoline. Assume the town's seller(s) incurs a cost of $2 for each ga...
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