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ECO 450 DEVRY Tutorial ECO 450 Entire Course (Devry) ECO 450 Week 2 Quiz (Devry) • ECO 450 Week 1 DQ 1 The Basics • ECO 450 Week 1 DQ 2 Government Expenditures • ECO 450 Week 2 DQ 1 Markets and Efficiency • ECO 450 Week 2 DQ 2 Externalities • ECO 450 Week 2 Quiz • ECO 450 Week 3 DQ 1 Public versus Private Goods • ECO 450 Week 3 DQ 2 The Political Process • ECO 450 Week 3 Quiz • Question 1 • About 80 percent of federal receipts are accounted for by: • Answer • · Question 2 • Transfer payments by the federal government in the United States account for about: • Answer • · Question 3 • Following the circular flow of a mixed economy, firms receive a flow of dollars from and send goods and services to: • Answer
ECO 450 DEVRY Tutorial ECO 450 Week 3 Quiz (Devry) ECO 450 Week 4 Assignment 1 Social Security Insolvency (Devry) • Question 1 • Which of the following is a normative statement? • Question 2 • If a government desires to increase production beyond the current competitively determined efficient level, the government should: • Question 3 • If the efficient output of a good is produced each week, then the: • ECO 450 Week 4 Assignment 1 Social Security Insolvency
ECO 450 DEVRY Tutorial ECO 450 Week 4 Quiz (Devry) ECO 450 Week 5 Mid Term Exam (Devry) • Question 1 • Which of the following is a good example of a congestible public good? • Question 2 • A baseball field is: • Question 3 • A means of creating a price-excludable public good is: • Question 4 • An example of an undesirable public good (or public “bad”) is: • This midterm exam consist of 35 multiple choice questions and covers the material in Chapters 1 through 7. There are five questions from each Chapter. • Question 1: • If the economy is operating at full employment and using resources efficiently, then an increase in spending for homeland security this year will:
ECO 450 DEVRY Tutorial ECO 450 Week 6 Quiz (Devry) ECO 450 Week 7 Quiz (Devry) • Question 2 • A retiree subject to the earnings test under Social Security: • Question 3 • A worker earns $2,000 per month before taxes. He pays $140 per month payroll tax on those wages. In addition, the income taxes on those wages are $360 per month. On retirement, the worker receives a Social Security pension of $750 per month. Which of the following statements is true? • Question 4 • A payroll tax taxes a worker’s wages at 14 percent until the worker earns $60,000 per year. All labor earnings in excess of $60,000 are not subject to tax. The tax rate structure of the payroll tax is therefore:
ECO 450 DEVRY Tutorial ECO 450 Week 8 Assignment 2 The Value-Added Tax Is It Good ECO 450 Week 8 Quiz (Devry) • ECO 450 Week 8 Assignment 2 The Value-Added Tax Is It Good for the United States • Question 1 • Housing construction is generally believed to be an industry of constant costs. In the long run, which of the following is true if a $10 per square foot tax on housing construction is collected directly from builders?
ECO 450 DEVRY Tutorial ECO 450 Week 9 Quiz (Devry) ECO 450 Week 10 Quiz (Devry) • Question 3 • If the market supply curve of savings is upward sloping, a tax on interest income will: • Answer • Question 4 • 2 out of 2 points • Most empirical research indicates that the market supply curve of labor hours by prime-age males is: • Question 1 • According to the Harberger model of the incidence of the corporate income tax, the tax: • Question 2 • Under the corporation income tax in the United States, • Question 3 • Accelerated depreciation allows corporations to:
ECO 450 DEVRY Tutorial ECO 450 Week 11 Final Exam Part 1 (Devry) ECO 450 Week 11 Final Exam Part 2 (Devry) • Question 1 • 3 out of 3 points • A worker earns $2,000 per month before taxes. He pays $140 per month payroll tax on those wages. In addition, the income taxes on those wages are $360 per month. On retirement, the worker receives a Social Security pension of $750 per month. Which of the following statements is true? • Question 1 • Most empirical research indicates that the market supply curve of labour hours by prime-age males is: • Answer • Question 2 • The higher the compensated elasticity of supply of savings, • Answer