CRITICAL THINKING 7. Making Inferences How do you think politicians might use normative economics statements? 8. Applying Economic Concepts In which category does each item below belong -microeconomics or macroeconomics? Why? a. Studying statistics to see how well the economy is doing at creating jobs or increasing exports; b. Studying statistics on gasoline sales and hotel bookings to explore the impact of higher gas prices on vacation plans. 9. Distinguishing Fact from Opinion Consider the example of the state lottery to raise money for education. How might it be possible for two economists to see the same information and arrive at different opinions about what to do? 10. Challenge When you go out shopping do you often worry that there will be a shortage of something you really want? If so,explain why you think there might be a shortage . If not, explain why there seems to be enough of everything you would want to buy.

The number of product lines that a company offers. Drop here

Predatory dumping would occur if Toyota InC. of Japan sells autos to U.S. consumers at lower prices than to Japanese consumers in order to put Chrysler InC. out of business. A. True B. False

Tuesday, RP: Jeanine buys a Fujifilm instant camera for $\$ 50$ She buys it in state with a $5\% $ sales tax. How much does she pay in sales tax?(Ex: $\$ 5.25$ __

Amanda is a car salesperson, and she sells a car for $\$ 26,306$ The dealership's profit on the car is $\$ 3,000$ Amanda earns $25\% $ commission on the profit How much does she make in commission from this sale?

Which is NOT one of the 3 major steps used in an Incident Response Plan? Respond Diversily Classify Identily

5. What economic event triggered the global depression that caused economic failure around the world? the appointment of Hitler as Chancellor of Germany the signing of the Treaty of Versailles the civil war in Spain the stock market crash in the United States

Match the regulatory body with its focus. The Department of Public Health (DPH) $\square $ c The Occupational Safety and Health Administration (OSHA) $\square $ The Center for Medicare and Medicaid I Services (CMS) $\square $ c The Joint Commission $\square $ c

Define Which answer best describes a normal good? A. a good consumers demand less of as their incomes increase B. a good whose demand is unaffected by changes in price C. a good whose price is unaffected by changes in demand D. a good consumers demand more of as their

Which of these countries would have the lowest GDP per capita and the lowest growth rate? a country categorized as mostly unfree by the Index of Economic Freedom a country categorized as free by the Index of Economic Freedom a country categorized as moderately free by the Index of Economic Freedom a country categorized as mostly free by the Index of Economic Freedom

Fill in the Blank Question $\square $ income is defined as all changes in equity during the period except those from owners' investments and dividends.