You should always strive to write down all information that is conveyed in the instructor’s lecture.

Identify and explain two student tips to note-taking that was discussed in the video. 

All wills are ambulatory

The minor daughter of a decedent can generally be any of the following EXCEPT:

When a testator signs his or her name at the bottom of the will, he/she is:

An individual’s current income is $10,000. If he commits a certain crime without being caught, he wins $50,000; if he got caught, he loses $70,000. The probability of him getting caught is 35%. Which of the following statement is correct?

For the next 3 questions, use the following scenario: The table shows the number of outputs US and Canada producers can make in one hour. The figure shows US tariff effect upon a certain imported good.     US Canada Bread 4 loaves 3 loaves Steel 3 tons 2 tons

From the figure, calculate the amount of deadweight loss (inefficiencies) as a result of the tariff.  (hint, Area of triangle: S=1/2*height*base)

Now the government is considering imposing an emission tax on polluting industry. From the first table, what is the optimal tax?

Taxes are efficiency enhancing (i.e. increase social welfare) in which of the following markets?