Final Examination Write all answers in a Blue Book. Each question is weighted equally. But you must demonstrate your k nowledge of microeconomics for full credit, making explicit and appropriate use of theory, jargon, exemplars, and formal symbolisms. Respond to the following statements, but be aware that many of them are not wholly accurate.
Tennis shoes are tennis shoes.
They're a good example of how competitive markets drive down production costs, providing us a great product at a great price. If interest rates rise, auto sales decline, Ford's profits will fall and they'll be forced to cut their dividend. After all, Ford's a big, cash-rich comp any and won't default. There's no reason why we should subsidize it. Explain Newt Gingrich's resignation decision.