Register
Client Area

iWriteGigs

support@iwritegigs.com
Facebook-f
Register
Client Area

Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

People go to websites to get the information they desperately need.  They could be looking for an answer to a nagging question.  They might be looking for help in completing an important task.  For recent graduates, they might be looking for ways on how to prepare a comprehensive resume that can capture the attention of the hiring manager

Manush is a recent graduate from a prestigious university in California who is looking for a job opportunity as a real estate agent.  While he already has samples provided by his friends, he still feels something lacking in his resume.  Specifically, the he believes that his professional objective statement lacks focus and clarity. 

Thus, he sought our assistance in improving editing and proofreading his resume. 

In revising his resume, iwritegigs highlighted his soft skills such as his communication skills, ability to negotiate, patience and tactfulness.  In the professional experience part, our team added some skills that are aligned with the position he is applying for.

When he was chosen for the real estate agent position, he sent us this thank you note:

“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Midterm

Navigation   » List of Schools  »  Glendale Community College  »  Economics  »  Econ 101 – Microeconomics  »  Fall 2022  »  Midterm

Need help with your exam preparation?


Existing Quiz Clients Login here

Below are the questions for the exam with the choices of answers:

Question #1
If a company knows the demand curve for their product is inelastic, which of the following is true?
A  They would gain revenue from a small price decrease and they would lose revenue from a small price increase
B  They would lose revenue from a small price increase
C  They would gain revenue from a small price increase and they would lose revenue from a small price decrease
D  They would gain revenue from a small price decrease
Question #2
If the cross elasticity of demand between products A and B is negative, this implies:
A  products A and B are unrelated
B  products A and B are complements, if the price falls for B the demand for A rises
C  products A and B are complements, if the price falls for B the demand for A falls
D  products A and B are substitutes, if the price falls for B the demand for A rises
E  products A and B are substitutes, if the price falls for B the demand for A falls
Question #3
Which of the following could be the income elasticity of demand for bus rides (assuming this consumer does not enjoy taking the bus)?
A  None of the choices
B  -0.5
C  1
D  0.5
E  0
Question #4
A company is currently selling 100,000 products a year at a price of $10 each. Through market research they know that if they were to lower the price to $8 they would sell 110,000 products a year
Which of the following is most likely being described in the question?
A  Luxury
B  An item that consumers can quickly and easily change their consumption of
C  Necessity
D  An item that represents a large portion of consumers’ income
E  An item with many substitutes
Question #5
A company is currently selling 100,000 products a year at a price of $10 each. Through market research they know that if they were to lower the price to $8 they would sell 110,000 products a year.
Which of the following is true about the elasticity of demand for this product at the prices given?
A  Ed = 0.9, demand is elastic
B  Ed = 0.4, demand is elastic
C  Ed = 0.4, demand is inelastic
D  Ed = 2.3, demand is elastic
E  c. Ed = 0.9, demand is inelastic
Question #6
Which of the following is not an example of fiscal policy?
A  decreasing taxes
B  increasing interest rates
C  cutting subsidies for the agriculture industry
D  increasing taxes
E  a public works project to rebuild a bridge
Question #7
For goods that create a negative externality, which of the below policies would help bring production in line with societally optimal levels?
A  All of the choices
B  A tax on producers
C  A subsidy to producers
D  A subsidy to buyers
E  None of the choices
Question #8
Assume the demand and supply for college in Los Angeles in a year are represented by the equations below. Assume P = tuition price and Q = degrees earned per year.
Supply: P = 10,000 + Q
Demand: P = 100,000 – 2Q

In a free market at equilibrium (no government involvement), the number of degrees earned per year is:

A  30,000 – which is less than the societally optimal amount since education is a negative externality
B  30,000 – which is less than the societally optimal amount since education is a positive externality
C  60,000 – which is more than the societally optimal amount since education is a positive externality
D  30,000 – which is more than the societally optimal amount since education is a positive externality
E  60,000 – which is less than the societally optimal amount since education is a positive externality
Question #9
Consider the market for designer shoelaces. If the price of shoes increases, and at the same time the price of cotton (an input to the shoelace production process) decreases, what will be the effect on the equilibrium price and quantity for designer shoelaces?
A  quantity sold increases, price may increase or decrease
B  quantity sold decreases, price may increase or decrease
C  price increases, quantity sold may increase or decrease
D  price decreases, quantity sold increases
E  price decreases, quantity sold may increase or decrease
Question #10
Consider the market for computers. What effect would the creation of a new technology that allows suppliers to more efficiently produce computers have on the equilibrium price and quantity?
A  price increases, quantity sold decreases
B  price decreases, quantity sold decreases
C  price decreases, quantity sold may increase or decrease
D  price decreases, quantity sold increases
E  price increases, quantity sold increases
Question #11
Which of the following could cause demand to shift from Demand 1 to Demand 2?
A  the price of gas decreases
B  the price of bicycles increases
C  the price of bicycles decreases
D  the price of gas increases
E  None of these choices
Question #12
Use the following table on the national supply and demand of bicycles to answer questions 4 and 5. m=million

Price ($) Demand 1 Demand 2 Supply
1,000 2m 8m 20m
800 5m 16m 16m
600 12m 22m 12m
400 16m 30m 8m
200 20m 36m 4m

The equilibrium price and quantity of bicycles if Demand 1 is the market demand curve are:

A  $800 and 5m
B  $600 and 22m
C  $600 and 12m
D  $800 and 16m
E  $400 and 16m
Question #13
Which of the following will not cause a shift of either the demand or supply curve for Toyota Priuses?
A  The price of Toyota Priuses rises.
B  The price of steel used in the production of Priuses increases.
C  Consumers realize the Prius is a slow and tacky vehicle.
D  The government provides Toyota a subsidy for each car produced.
E  The cost of gas increases.
Question #14
In the resource market of the circular flow model,
A  households buy resources/labor from firms and firms sell resources/labor to households
B  firms sell resources/labor to households.
C  firms buy resources/labor from households and households sell resources/labor to firms.
D  households buy resources/labor from firms.
Question #15
Which of the following is not a characteristic of a market economy?
A  Individuals, not the government, own the factors of production.
B  None of these choices
C  Goods and services are sold in a competitive way.
D  Government services are limited to basic protections such as enforcing laws and protecting the public.
E  Monetary incentives exist for entrepreneurs who bear risk.
Play Video

“Many thanks for the killer business plan we worked on.  You guys are angels sent to me.  Congratulations to the team for a job well done. I hope you help more entrepreneurs like me grow their businesses.  I will surely bring some clients your way!”

Christian S.
SaaS Business Founder

“Thanks for all your help in bringing my website back to life. You are life savers.  With your help, I now have a more thorough understanding of my target audience.  I wish I had met your earlier, I could have saved tons of work hours.”

Tyra
Blogger

“We can never be thankful enough iwritegigs.com for helping us with our business.  We have been hesitating for years hiring a professional writer thinking it was only an extra cost to our business.  It has been a pleasure working with you.” 

Linda
Start Up Founder

“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush
Fresh Graduate
We accept payment

Terms of Service
Copyright © 2021 iWriteGigs
ElitePro Writing Business Solutions LLC

30 N Gould St Ste R, Sheridan, WY 82801 

Call Us at 1-(323) 410-1787
Send us sms at 1-(323) 410-1787

17 Mabini St. Barangay San Diego Zone 2 Tayabas City, Philippines