Reference no: EM132949394
Give the explanation for the following question given below.
1.How has "economic growth" been characterized by economists in the past, and how does it differ from "living standards growth"?
2. Is it true or false? Monetarists think that during a recession, the government should employ monetary policy to promote aggregate demand.
3. Is it true or false? The marginal cost is the incremental cost to a producer of hiring an additional unit of labor.
4. Is this statement true or false? Has Adam Smith's original text been taken out of context in your focus on current global economic paradigms?
5. Is economics a valueless subject? What are two major value judgements that economics might make? For example, XX is favored to XX.
6. Assume the graph depicts a competitive market at first. Use the labels in the graph in figure2.1 to determine the area of lost consumer surplus if the market becomes a monopoly. (A) def (B) abd (C) bdfec (D) bcde (E) efgh (A) def (B) abd (C) bdfec (D) bcde (E) efgh
7. Look at Figure 10.
2. Assume that the monopolist in the graph is profit-maximizing. Use the labels in the graph to indicate the region of monopoly profit that would be transferred to consumers as consumer surplus if the market were perfectly competitive. (A) def, (B) abd, (C) bdfec, (D) bcde, and (E) afc
8. A corporation is considered to be involved in (A) Price utilization (B) Price discrimination (C) Price minimization (D) Predatory pricing (E) Price maximization when it sells the same product to different customers at various prices.
9. Several times a day, Blue Knighted Airlines flies round trip from Chicago to Houston. Steve pays $300 for a round-trip ticket purchased one month in advance. Julie pays $2,000 if she buys the ticket one day ahead of time and seats next to Steve on the plane. (A) Utility maximization (B) Revenue exploitation (C) Price discrimination (D) Antitrust pricing (E) Predatory pricing are examples of price disparities.
10. How different forms of leadership influence employee behavior in the workplace.
11.How can a business leader affect their employees' behavior?
12. The leader's representation of interpersonal communication, motivation, and organizational communication.
13. Is there a better way to communicate than another?