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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.

Module 4 Quiz

Navigation   » List of Schools  »  West Los Angeles College  »  Economics  »  Econ 101  »  Spring 2020  »  Module 4 Quiz

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

Question #1
Suppose you are in charge of sales at a pharmaceutical company, and your firm has a new drug that causes bald men to grow hair. Assume that the company wants to earn as much revenue as possible from this drug. If the elasticity of demand for your company’s product at the current price is 1.4, what would you advise the company to do?
A  raise the price
B  lower the price
C  keep the price the same
Question #2
Complete the following sentence. Given that total revenue = price x quantity, a reduction in price will lead to an increase in total revenue when demand is
A  elastic.
B  inelastic.
C  unit elastic.
Question #3
Given that total revenue = price x quantity, what will happen to total revenue if price increases when demand is elastic?
A  increase
B  decrease
C  stay the same
Question #4
You are the manager of a restaurant and would like to increase revenue. The host staff suggests that you should increase the price of drinks and food, but the servers suggest decreasing the price of drinks and food. You are unsure if you should increase or decrease price, but you know that
A  the servers think demand for drinks and food is inelastic.
B  the host staff thinks demand for drinks and food is elastic.
C  the servers thinks demand for drinks and food is elastic.
Question #5
You are the manager of the public transit system. You are informed that the system faces a deficit, but you cannot cut service, which means you cannot cut costs. Your only hope is to increase revenue by increasing fares. You are advised that the estimated price elasticity of demand, several years after the price change, will be about −1.5. Select the statement that best describes the results of raising the fare in the long run.
A  Total revenue falls, since demand changes and becomes price elastic.
B  Total revenue rises immediately, since demand will remain price inelastic.
C  Total revenue will fluctuate as the demand fluctuates.
Question #6
If wage increases by 10%, a(n) ________ worker is likely to supply 7% more labor because elasticity of labor supply is assumed to be ________.
A  adult; inelastic.
B  adult; elastic.
C  teenager; elastic.
Question #7
When income increases and demand for a good falls, the good is considered a
A  inferior good.
B  normal good.
C  complementary good.
Question #8
When income increases and the demand for a good increases, the good is considered a
A  complementary good.
B  normal good.
C  inferior good.
Question #9
If consumers find cola and iced tea good substitutes, then it is likely that
A  the goods’ cross price elasticities are greater than zero.
B  the goods’ price elasticities of demand are less than one.
C  the goods’ income elasticities are less than zero.
Question #10
Which of these questions is the best example of elasticity?
A  How will a change in consumer behavior affect the overall consumer experience?
B  How much will a change in price or quantity impact consumer and producer behavior?
C  What is the least amount of goods a supplier can produce without upsetting the customers?
Question #11
Which of the following questions would be asked by an economist studying elasticity?
A  How responsive are consumers and producers to changes in price?
B  What quantity should producers sell to maximize profit?
C  How will consumer behavior change with a technological innovation?

How will consumer behavior change with a technological innovation?

Question #12
Elasticity measures the behavioral response of economic agents in a given situation. Which of the following questions is likely to be answered using elasticity?
A  If hot dogs go on sale, will it be a sunny day?
B  If a business raises its prices, will that have a large or small impact on demand?
C  If you get a pay raise, are you more productive at work?
Question #13
Elasticity allows economists to measure
A  responsiveness of one variable to changes in another variable.
B  the frequency of shifts in demand.
C  how firms can maximize profits.
Question #14
Using the midpoints method, calculate the price elasticity of demand of Good X using the following information: When the price of good X is $50, the quantity demanded of good X is 400 units. When the price of good X rises to $60, the quantity demanded of good X falls to 300 units.
A  The price elasticity of demand for good X = 1.23.
B  The price elasticity of demand for good X = 0.64.
C  The price elasticity of demand for good X = 1.57.
Question #15
The elasticity of demand is defined as
A  the percentage change in quantity demanded divided by the percentage change in price.
B  change in quantity demanded divided by quantity demanded.
C  the percentage change in price divided by the percentage change in quantity demand.
Question #16
When the demand for a good or service does NOT vary when there is a change in price, the good is ________?
A  unitarian
B  perfectly inelastic
C  perfectly elastic
Question #17
The size of the change in the quantity demanded of a good or service due to change in its price is measured by the elasticity of demand. When the percentage change in the quantity demanded for a good or service is more than the percentage change in price, the demand for that good or service is ________ and the price elasticity coefficient is ________.
A  elastic, greater than 1
B  inelastic, less than 1
C  unitary, equal to 1
Question #18
Using the midpoints method, calculate the price elasticity of demand of Good Z using the following information: When the price of good Z is $10, the quantity demanded of good Z is 85 units. When the price of good Z rises to $15, the quantity demanded of good Z falls to 60 units.
A  0.52.
B  1.9
C  0.86
Question #19
The elasticity of supply is defined as the ________ change in quantity supplied divided by the ________ change in price.
A  percentage : percentage
B  marginal : percentage
C  total : percentage
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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
Fresh Graduate
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