1. What did the mural in Detroit illustrate? Why was the mural created? 2.What was Fannie Mae? How were home loans related to segregation?

3.How did the encouragement to buy homes affect the economy in the 1980s?

4.What occurred when countries did not pay off their debts? What criticism was leveled against this?

5.What factors contributed to the economic issues in Argentina?

6.Has owning property changed the lives of people in Argentina?
What is micro-finance?

7.What are “black swans”? What is the relationship of “black swans” to the global economy?

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.