WE WRITE CUSTOM ACADEMIC PAPERS

100% Original, Plagiarism Free, Tailored to your instructions

Order Now!

Microeconomics

ECON 2210 Microeconomics
Exam 3–Spring 2015 Semester
Exam 3 covers chapters 14-17 and 19 in the McConnell/Blue textbook and the accompanying class lecture presentations and discussions. In exam 3, you will answer any 3 of the following questions in essay format. For each selected question your answer must be at least a page in length.  Your answers must be in your own words in order to demonstrate understanding of the key concepts.  Recall that plagiarized work will not be accepted and will result in a failing grade for the exam.  Be sure that your exam is typed, doubled-spaced, and uses 12 point Times New Roman font. Your completed exam is due in class on Thursday, April 16th.  Late exams will not be accepted.
1.    List and describe the three major U.S. federal antitrust laws along with the basic elements of each law.  Identify and describe one significant antitrust case from the United States.
2.    How are interest rates determined in a market economy?  In your answer, address how interest rates fluctuate in general and how (and why) individual interest rates will vary.
3.    Go to www.federalreserve.gov (Economic Research and Data; Data Releases; Selected Interest rates) and www.bankrate.com to update the interest rates in Table 16.1 on page 365 of the textbook to their latest recorded values.  In what direction, if any, have the interest rates changed?  Find the current annual rate of inflation at www.bls.gov/cpi (Latest Numbers; CPI-U, U.S. City Average, All Items, 12-months ending with the last month).  Subtract this annual rate of inflation from your updated interest rates in the table to determine the real interest rates in each category.
Select one of the real interest rates that you calculated and identify one industry or sector of the economy that you think is currently being impacted by that interest rate.  What impact is your selected interest rate having on the industry or sector of the economy that you identified?  Be specific in your answer.
4.    Explain four specific reasons why wages for identical or different jobs will vary in the economy.
5.    Explain three ways in which labor unions might attempt to increase wages in the labor market.  Be specific in your answer.
6.    Explain the effect that the minimum wage laws have on wages and labor markets.  Be specific in your answer.
7.    Select one of the commodities from the CNN Money website:  http://money.cnn.com/data/commodities/
What has the price trend (in terms of a percentage change) for your selected commodity been for the past year?  Explain 3 reasons why you think that this price trend over the past year has occurred.

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Custom Writing Service

Instant Quote
Subject:
Type:
Pages/Words:
Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Level:
Currency:
Total Cost: NaN

Get 10% Off on your 1st order!