ECO WEEK 7 Solution’s

1.What has been the greatest cause of economic inequality in recent years? Inequality in wages 2. Which of following factors is the primary reason for the Great Divergence in the United States? Widening wage gap between middle and top earners.…

ECO WEEK 6 SOLUTIONS

1.Which of the following is an example of government regulation? The legal prohibition of an act with negative externalities 2. Why is the Coase theorem often inapplicable to real world situations? Transaction costs are rarely low 3. Which of the…

WEEK-3 Post-Course Assessment

1. Using attributes such as STU_LNAME and STU_FNAME, the entity STUDENT would be represented with a _____ in the Chen model. rectangle 2. One important inheritance characteristic is that all entity subtypes inherit their _____ key attribute from their supertype.…

ECO WEEK 5 SOLUTION

1.The law of diminishing returns states that ______________. adding more of one factor of production eventually yields smaller increases in output 2. How do economic profit and accounting profit differ? Economic profit includes implicit (opportunity) costs and accounting profit does…