Which situation would most likely take place in a market economy? A. Two car companies compete to make the cheapest electric car.
B. The Government decides that factories should make fewer planes.
C. Farmers grow just enough corn to eat throughout the year.
D. A worker is assigned to work in a government-owned refinery.

Which technological breakthrough of the 1950s revolutionized the way that americans kept up with news and world events? a) radio b) internet c) television d) motion pictures

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.

1. create a hypothetical story of how a violent conflict arose between two groups. in your story, include examples of how in-group bias, out-group homogeneity, out-group derogation, and scapegoat theory lead toward violence between groups. be sure to label each term where it occurs in your story (20 points)