Questions from Macroeconomics

Q: Explain how the following news headlines concern self-interest and the

Explain how the following news headlines concern self-interest and the social interest. a. Starbucks Expands in China b. McDonald’s Moves into Gourmet Coffee c. Food Must Be Labelled with Nutrition Da...

Q: The night before an economics test, you decide to go to

The night before an economics test, you decide to go to the movies instead of staying home and working your MyEconLab Study Plan. You get 50 percent on your test compared with the 70 percent that you...

Q: Explain what scatter diagrams show and why we use them.

Explain what scatter diagrams show and why we use them.

Q: Draw a graph to show the relationship between two variables that move

Draw a graph to show the relationship between two variables that move in the same direction.

Q: Draw a graph to show the relationship between two variables that move

Draw a graph to show the relationship between two variables that move in opposite directions.

Q: Which of the relationships in Questions 4 and 5 is a positive

Which of the relationships in Questions 4 and 5 is a positive relationship and which is a negative relationship? Questions 4: Draw a graph to show the relationship between two variables that move in...

Q: How do we graph a relationship among more than two variables?

How do we graph a relationship among more than two variables?

Q: Explain what change will bring a movement along a curve.

Explain what change will bring a movement along a curve.

Q: Explain what change will bring a shift of a curve.

Explain what change will bring a shift of a curve.

Q: Kim can produce 40 pies or 400 cakes an hour. Liam

Kim can produce 40 pies or 400 cakes an hour. Liam can produce 100 pies or 200 cakes an hour. a. Calculate Kim’s opportunity cost of a pie and Liam’s opportunity cost of a pie. b. If each spends 30 mi...