References
References Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e Welcome to Economics! Bureau of Labor Statistics, U.S. Department of Labor. 2015. “The Employment Situation—February 2015.” Accessed March 27, 2015. http://www.bls.gov/news.release/pdf/empsit.pdf. Williamson, Lisa. “US Labor Market in […]
SESSION:20 Globalization and Protectionism
Answer Key
Session:20 Globalization and Protectionism Answer Key Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e 1. This is the opposite case of the Work It Out feature. A reduced tariff is like a decrease in the cost […]
SESSION:19 International Trade
Answer Key
Session:19 International Trade Answer Key Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e 1. False. Anything that leads to different levels of productivity between two economies can be a source of comparative advantage. For example, the […]
SESSION:18 Public Economy
Answer Key
Session:18 Public Economy Answer Key Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e 1. All other things being equal, voter turnout should increase as the cost of casting an informed vote decreases. 2. The cost in […]
SESSION:17 Financial Markets
Answer Key
Session:17 Financial Markets Answer Key Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e 1. The management of small companies might rather do an IPO right away, but until they get the company up and running, most […]
SESSION:16 Information, Risk, and Insurance
Answer Key
Session:16 Information, Risk, and Insurance Answer Key Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e 1. Imperfect information is relatively low; after all, you can see the apples. Imperfect information is relatively low. The neighborhood restaurant […]
SESSION:15 Poverty and Economic Inequality
Answer Key
Session:15 Poverty and Economic Inequality Answer Key Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e 1. Poverty falls, inequality rises. Poverty rises, inequality falls. 2. Jonathon’s options for working and total income are shown in the […]
SESSION:14 Labor Markets and Income
Answer Key
Session:14 Labor Markets and Income Answer Key Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e 1. For a firm operating in a perfectly competitive output market, the value of the marginal product is the marginal product […]
SESSION:13 Positive Externalities and Public Goods
Answer Key
Session:13 Positive Externalities and Public Goods Answer Key Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e 1. No. A market demand curve reflects only the private benefits of those who are consuming the product. Positive externalities […]
SESSION:12 Environmental Protection and Negative Externalities
Answer Key
Session:12 Environmental Protection and Negative Externalities Answer Key Principles of Microeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-microeconomics-3e 1. positive externality negative externality positive externality negative externality negative externality 2. supply shifts left supply shifts left supply stays […]