Category: Uncategorized

Prices play an important role in an economy.  Which of the following are true?

Jan borrows $2,000 for a car at an interest rate of 10%.  The interest will be paid at the end of each year.  The $2,000 will be paid back at the end of year 2.  How much total interest will be paid over the 2 year period?  

You have a starting salary of $50,000 in year 2xx1.  In 2xx2 you get a raise to $55,000.  The CPI in 2xx1 is 325.  The CPI in 2002 is 330.  Convert your 2xx1 salary to 2xx2 dollars.  Have you received an increase in buying power?  

In Spring 2021 the housing market is hot, meaning housing prices are very high.  Nissa and Rob decided to sell their home and live in an RV to take advantage of the high housing prices.  Their actions illustrate the fact that

Consider the market for frozen yogurt. Assume the market starts at point A. Which of the following is true?

Which of the following decreases the demand for a good?

Which of the following government expenditures is included in ‘G’ because it is a government purchase of a good or service?

The above shows U.S. Real GDP from 2018 through Dec 2020.  Based on the above, which stage of the business cycle is the U.S. in, most likely? 

Which statement is true about demand?

The diagram below shows spermatogenesis (on the left) and oogenesis (on the right) followed by a fertilization event.  The numbered circles are cells.  The long purple bars in the cells are X chromosomes while the short blue bars in the cells are Y chromosomes.  Bell #8 is the zygote resulting from fertilization.          a.  Where has the non-disjunction occur?  Use cell numbers to help you explain the location of the non-disjunction.       b.  What non-disjunction syndrome does this illustration demonstrate?  How do you know?