Questions:
QUESTION 1
1. What is an SIC code? (You can google it.) Find the SIC code of any U.S.
company (e.g., Coca-Cola, General Electric)
QUESTION 2
2. Are you an economic liberal or conservative with respect to antitrust and economic regulation? Explain.
QUESTION 3
3. Provide an example of product differentiation using any industry you want (e.g.,fast food, shoes, clothing, etc.)
QUESTION 4
4. The population of Coukouville is 10,000. Of that number 2,000 are under 16 or institutionalized, 3,000 are not in the labor force, and 250 are currently unemployed. What is the unemployment rate in Coukouville?
QUESTION 5
5. Which problem do you believe is more serious: unemployment or inflation? Explain your answer.
QUESTION 6
6. Consider the following data:
Year 1: CPI is 100
Year 2: CPI is 104
Year 3: CPI is 107
What is the inflation rate in Years 2 and 3?