1. What theory explains why deflation may actually lead to an increase in GDP?
2. What color ribbon is associated with the cancer awareness in October? What cancer awareness is designated for October?
3. Which 20^th century US President and Vice President was not elected to either office?
4. In the 1940's and 1950's, what was tested at "Bikini Atoll"?
5. Who is the chairman of the Federal Reserve?
6. What is the Accounting Profit if Total Revenue (TR) = $950,000 and Explicit Costs = $375,000?
7. Compute Economic Profit if Total Revenue (TR) = $1,245,375, Implicit Costs = $265,000, and Explicit Costs = $355,250.
8. In 1933, 2 models of monopolistic competition were developed independently. Who were the 2 publishers, and what were the names of their publications?
9. What is price discrimination?
10. Calculate TC (total cost) if FC = 2000, and VC = 1520.
11. A perfectly discriminating monopolist would maximize profit by producing the quantity at which MR equals what?
12. Calculate the TR (total revenue) when the total product = 19 and the product price = $35.20.
13. What has been the most common first name for Popes through the Millenium?
14. Concerning mosquitoes, which gender is the only one to bite, males or females?
15. What country had the first welfare state in the world and by whom was it developed?