ECN 361 (ECN361)
Grand Canyon University
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ECN 361 Topic 1 DQ s, Quiz (Package Deal)
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ECN 361 Topic 1 DQ s, Quiz (Package Deal)
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ECN 361 DQ 2 Participation & Responses Topic 2 - 8 (Package Deal)
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ECN 361 DQ 2 Participation & Responses Topic 2 - 8 (Package Deal)
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ECN 361 DQ 1 Participation & Responses Topic 2 - 8 (Package Deal)
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ECN 361 DQ 1 Participation & Responses Topic 2 - 8 (Package Deal)
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ECN 361 Topic 8 Quiz
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1.	Question: Government vouchersto purchasefood, alsoknownasfood stamps,are anexample of 
2.	Question: Ifthewagesofadentistincrease,whichofthefollowingstatementsisnottrue? 
3.	Question: Figure18-5RefertoFigure18-5.IftherelevantlaborsupplycurveisS2andthecurrentwageis 
4.	Question: Suppose that an industrial accident at a factory destroys a significant number of high-speed blenders that bartenders use to mix frozen drinks. What will happen in the labor market for bartenders? 
5.	Question: Which of...
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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 8 DQ 1 Participation & Responses
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ECN Topic 8 DQ 1 
Using the theory of wage determination, explain why wages in developing countries, 
where levels of capital are small, are typically quite low.
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ECN 361 Topic 7 Quiz
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1.	Question: A firm's opportunity costs of production are equal to its 
2.	Question: Adibok knows that it produces and sells high-quality athletic shoes. Wurkout knows that it produces and sells low-quality athletic shoes. According to the signaling theory of advertising, 
3.	Question: Monopolistic competition is considered inefficient because 
4.	Question: Table 17-5 The table shows the town of Driveaway's schedule for gasoline. Assume the town's seller(s) incurs a cost of $2 for each ga...
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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 7 DQ 1 Participation & Responses
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ECN Topic 7 DQ 1 
In many college towns, private independent bookstores typically locate on the periphery 
of the college campus. However, in some college towns, the university has used political 
power to restrict private bookstores near campus through community zoning laws. Use 
your knowledge of markets to predict the price and quality of service differences in the 
market for college textbooks under the two different market regimes.
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ECN 361 Topic 6 Quiz
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1.	Question: Scenario 13-3Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant, Ziva helps people organize their houses. Due to the popularity of her home- organization services, Farmer Ziva has more clients requesting her services than she has time to help if she maintains her farming business. Farmer Ziva charges $25 an hour for her home-organization services. One spring day, Ziva spends 10 hours in her fields planting ...
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