iWriteGigs

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. 

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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.

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“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.

Final Exam

Navigation   » List of Schools  »  Pierce College  »  Economics  »  Economics 1 – Principles of Economics  »  Summer 2020  »  Final Exam

Need help with your exam preparation?

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

Question #1
A  then a substantial share of the U.S. population will subsist in dire poverty.
B  then it would be difficult to compare poverty rates over time.
C  then it will set two poverty lines that it applies to welfare and the near-poor.
D  it will be useful to have a poverty line whose basic definition changes a lot.
Question #3
A  equality and wealth distribution
B  wealth distribution and poverty
C  equality and inequality
D  inequality and poverty
Question #6
A  an increased standard of living; EIC
B  a reduced standard of living; TANF
C  a tax break; having earned income
D  a tax refund; having earned income
Question #7
A  all mothers with children who were below the poverty line.
B  only those orphans who were living below the poverty line.
C  married men with families who were below the poverty line.
D  married women with families who were below the poverty line.
Question #8
A  a tax imposed on the value of inheritances
B  trying to assure that a ladder of opportunity is widely available
C  redistribution from those with high incomes to those with low incomes
D  the three mains sets of tools it can use include all of the above
Question #10
A  protectionism will encourage foreign workers to apply for American jobs.
B  protectionism will prevent them from applying for those jobs in other industries.
C  protectionism provides a barrier to entry to the job markets that the low-wage earners want entry to.
D  protectionism forces them to pay higher prices for basic necessities like clothing and food.
Question #11
A  General Agreement on Tariffs and Trade.
B  General Accounting for Tariff and Trade.
C  General Association for Trade and Tariffs.
D  General Association on Technology and Trade.
Question #12
A  $8.25/hour
B  $7.25/hour
C  $6.25/hour
D  $9.25/hour
Question #13
A  Companies seek the lowest market prices on products in order to gain market share, resulting in inferior goods and increased waste and pollution.
B  Companies seek to influence environmental legislation standards are set to the lowest possible standards in the USA in order to maximize profits.
C  Companies seek to reduce their costs of operations on plant and equipment design and this results in higher levels of pollution.
D  Profit-seeking multinational companies shift their production from countries with strong environmental standards to countries with weak standards, thus reducing their costs and increasing their profits.
Question #14
A  Anti-Dumping Argument
B  Import Limitation Argument
C  National Interest Argument
D  Buy-American Argument
Question #15
A  surplus goods
B  exported products
C  imported products
D  hazardous goods
Question #17
A  domestic producers can attain the economies of scale to allow them to compete in world markets.
B  firms will be protected from subsidized foreign competition.
C  it will not be subjected to a takeover from a foreign competitor.
D  there will be adequate supplies of crucial resources in case they are needed for national defence.
Question #18
A  protect domestic producers of exported goods.
B  protect foreign producers of goods.
C  protect domestic consumers of goods.
D  limit voluntary exchanges.
Question #20
A  increase; decrease
B  decrease; decrease
C  decrease; increase
D  increase; increase
Question #21
A  Alland has a comparative advantage, but not an absolute advantage, in producing food.
B  Georgeland has both a comparative and absolute advantage in producing clothing.
C  Georgeland has a comparative advantage, but not an absolute advantage, in producing clothing.
D  Alland has an absolute advantage in producing food but will not trade with Georgeland.
Question #24
A  lower opportunity costs
B  specialization
C  economies of scale
D  worker productivity
Question #25
A  there are no incentives for Beta to engage in international specialization and trade of apples and oranges.
B  it is in the interest of Beta to grow oranges and trade for apples.
C  it is in the interest of both countries to specialize and trade with one another.
D  there are no incentives for Alpha to specialize and trade with Beta.
Question #26
A  it cannot gain from international trade unless it has an absolute advantage in every other commodity.
B  it can gain from international trade in that commodity only if it has an absolute advantage in that commodity.
C  it can still gain from international trade in that commodity, by getting it at a lower opportunity cost than if it produced it domestically.
D  it cannot gain from international trade in the commodity.
Question #27
A  China has both an absolute and comparative advantage in the production of rice.
B  China has a comparative advantage in the production of rice.
C  India has an absolute advantage in the production of rice.
D  India has a comparative advantage in the production of rice.
Question #29
A  Canada has an absolute advantage in the production of maple syrup.
B  Germany has an absolute advantage in the production of maple syrup.
C  Canada has a comparative advantage in the production of hockey sticks.
D  Germany has a comparative advantage in the production of hockey sticks.
Question #30
A  may be able to produce something at a lower dollar cost than another party.
B  may be able to produce everything relatively more efficiently than another party.
C  may be able to produce something at a lower opportunity cost than another party.
D  with an absolute advantage in producing two different may export goods both of those goods to the other party.
Question #31
A  profit or loss; entry and exit; a zero-profit outcome
B  loss; exit; losses on their earnings
C  profit or loss; exit; economic profits
D  profit; entry; a price that lies at the very bottom of the AC curve
Question #32
A  at the very bottom of the AC curve.
B  on the upward-sloping portion of the average cost curve.
C  on the downward-sloping portion of the average cost curve.
D  at the very top of the AC curve.
Question #33
A  be socially responsible.
B  be environmentally responsible.
C  be perceived more favorably.
D  differentiate their product.
Question #34
A  match price increases, but not price cuts.
B  match price cuts, but not price increases.
C  stand at the high point of the competition spectrum.
D  stand at opposite ends of the competition spectrum.
Question #35
A  they end up acting very much like monopolistic competitors.
B  zero profits result for all.
C  they end up acting very much like imperfect competitors.
D  costs for all are driven up.
Question #36
A  the price people are willing to pay is not more
B  a higher quantity of a good and charge a lower price
C  the price that people are willing to pay is lower
D  a lower quantity of a good and charge a higher price
Question #37
A  total marginal cost curve
B  total cost curve.
C  average cost curve.
D  average variable cost curve.
Question #38
A  they will be unable to earn higher-than-normal profits in the short run.
B  they will be unable to earn higher-than-normal profits in the long run.
C  they will wish to cooperate to make decisions about what price to charge.
D  they will wish to cooperate to make decisions about what quantity to produce.
Question #40
A  to hire more staff to lower unemployment.
B  to increase supply to benefit consumers.
C  to maximize profits in the long run.
D  to discourage short run competition.
Question #41
A  the entry of new firms will eventually cause price to decline.
B  entry will be blocked even if firms are earning high profits.
C  abnormally high profits will attract the entry of new firms.
D  surviving firms earn only a normal level of profit in the long run.
Question #42
A  abnormally high sustained profits.
B  elimination of barriers to entry
C  irregularly high unsustainable profits.
D  government deregulation.
Question #44
A  telecommunications sector
B  banking sector
C  nuclear power sector
D  postal services sector
Question #45
A  local television broadcaster
B  local electricity distributor
C  local fast-food restaurant
D  local bathroom fixtures shop
Question #46
A  setting the price at the level that will maximize its per-unit profit.
B  producing maximum output where price is equal to its marginal cost.
C  producing output where MR = MC and charging a price along the demand curve.
D  setting output at MR = MC and setting price at the demand curve’s highest point.
Question #47
A  Copyright
B  Intellectual property
C  Patent
D  Trademark
Question #48
A  raise prices, cut production, and realize positive economic profits.
B  have a patent giving it exclusive legal rights to make, use, and sell for a limited time.
C  have legal protection to prevent copying its methods of production for commercial use.
D  acquire rights for its investors to produce and sell their product.
Question #49
A  the competitive actions of other business firms
B  barriers to entry and competitors’ patent protection
C  whether consumers will spend on different products
D  whether consumers will purchase its product
Question #50
A  lowest when a single firm generates the entire output of the industry.
B  lowest when there are a large number of producers in the industry.
C  minimized at the output that maximizes the industry’s profitability.
D  lower for the smaller firms than for larger firms.
Question #51
A  high degree of similarity to competitor’s products
B  price takers find market analysis is too costly
C  they can increase output without affecting quality
D  they are very small players in the overall market
Question #52
A  marginal product is rising.
B  average product is falling.
C  average product is rising.
D  marginal product is falling.
Question #53
A  marginal demand.
B  market demand.
C  average demand.
D  derived demand.
Question #54
A  imposition of hurdle rates of interest
B  tax credits for physical capital investments
C  higher retained earnings from past profits
D  cost of financial capital paid by a firm
Question #55
A  it can increase or decrease its output without affecting overall quantity supplied in the market.
B  pressure from competing firms will force acceptance of the prevailing market price.
C  quality differences will be very perceptible and will play a major role in purchasers’ decisions.
D  it must be a relatively small player compared to its competitors in the overall market.
Question #56
A  hypothetical extreme.
B  realistic extreme.
C  realistic assumption.
D  hypothetical assumption.
Question #57
A  can be tailored to exceed the price of its inputs.
B  is dictated by the forces of demand and supply.
C  can be set by management to maximize profits.
D  can be tailored to meet the price of its inputs.
Question #58
A  short run; the quantity of output where profits are highest
B  short run; profits by ignoring the concept of total cost analysis
C  long run; the quantity of output where profits are highest
D  long run; methods to reduce production and shut down