Ecn 361 dq 2 Study guides, Class notes & Summaries
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ECN 361 Topic 4 Discussion Questions Grand Canyon
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ECN 361 Topic 3 DQ 2 Participation & Responses
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Topic 3 DQ 2: 
Does the United States' labor supply tend to be more elastic or more inelastic? Explain the competing theories discussed in the textbook. Which seems more convincing to you?Explain your answer.
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ECN 361 Topic 7 Quiz Solution and Discussion Questions Grand Canyon
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ECN 361 Topic 7 Quiz
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ECN 361 Topic 8 Quiz Solution and Discussion Questions Grand Canyon
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ECN 361 Topic 8 Quiz
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ECN 361 Topic 7 DQ 2 Participation & Responses
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ECN Topic 7 DQ 2 
In markets where the government imposes an excise tax on unit sales, it also has a 
tendency to dabble with restrictions on advertising (for example, cigarettes and hard 
liquor). Do potential (or actual) restrictions on advertising in these markets serve the 
interest of a government that is interested in maximizing its tax revenue from the sale of 
these products? Explain your answer.
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ECN 361 Topic 2 DQ 2 Participation & Responses
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Topic 2 DQ 2: 
Adam and Barb go to the store to purchase some lottery tickets. Without looking at the price, Adam says, "I’ll take 10 lottery tickets," and Barb says, "I’ll take $10 worth of lottery tickets." What is each person’s price elasticity of demand for lottery tickets? Explain your answer
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ECN 361 Topic 6 DQ 2 Participation & Responses
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Topic 6 DQ2 
News reports from the western United States occasionally report incidents of cattle ranchers slaughtering many newborn calves and burying them in mass graves rather than transporting them to markets. Assuming that this is rational behavior by profit-maximizing "firms," explain what economic factors may influence such behavior.
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ECN 361 Topic 5 DQ 2 Participation & Responses
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ECN Topic 5 DQ 2 
Evaluate the following statement: "Warren Buffet is one of richest people in the world. He doesn't face any constraint on his ability to purchase commodities he wants." Do you agree with this statement? Why or why not?
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ECN 361 Topic 8 DQ 2 Participation & Responses
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ECN Topic 8 DQ 2 
In the 1980s, the dangerous Ebola virus entered the United States through 
contaminated monkeys that were imported for use in medical experiments. Suppose 
this virus had not been contained but had spread to the general population. Assume that 
the virus is lethal in half of the people who are exposed to it. Describe the resulting 
effect on labor productivity
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ECN 361 Topic 2 DQ 3
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Topic 2 DQ 3: 
Suppose a farmer knows that he will be able to harvest and sell 3,000 bushels of wheat. Would he prefer a market in which conditions are favorable and most farmers harvest large crops or a market in which conditions are unfavorable and many farmers harvest small crops? Why?
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