Economics

11. A decrease in government spending will cause a(n): A. increase in the quanti

11. A decrease in government spending will cause a(n): A. increase in the quantity of real domestic output demand demanded B. decrease in aggregate C. decrease in the quantity of …

11. A firm is generating detrimental externalities when a. MSC is less than MPC.

11. A firm is generating detrimental externalities when a. MSC is less than MPC. b. MSC is the same as MPC. c. MSC is greater than MPC. d. MPC includes some incidental costs. ____…

11. A monopoly charges a higher price and has a lower level of output than a per

11.       A monopoly charges a higher price and has a lower level of output than a perfectly competitive industry. However a monopolist cannot charge any price in the free market …

11. A natural monopoly is allowed to legally produce because a. All options are

11. A natural monopoly is allowed to legally produce because a. All options are correct b. Economies of scale production results in lower prices for consumers c. Average total cos…

11. A regime change is a change in: A. one aspect of government policy. B. monet

11. A regime change is a change in: A. one aspect of government policy. B. monetary policy. C. fiscal policy. D. the entire atmosphere within which the government and the economy …

11. A shift in the production possibilities frontier from DC to EC in Figure 2-6

11. A shift in the production possibilities frontier from DC to EC in Figure 2-6 could be due to a a. technological improvement in the production of ice cream b. reduction in the …

11. A sinking fund is being established, the goal of which is to reach $100,000.

11. A sinking fund is being established, the goal of which is to reach $100,000. Calculate the payment, where i is the interest rate per period. 15. Elena's son will enter college…

11. A style of leadership which concentrates on results rather than process is (

11. A style of leadership which concentrates on results rather than process is (a) Theory X. Theory Y (b) Authoritarian (c) Management by objective (d) Free Rein (laissez-faire) 1…

11. A supply curve has: a positive slope a gentle slope an inelastic slope a neg

11. A supply curve has: a positive slope a gentle slope an inelastic slope a negative slope 12. Which of the following represents the correct sequence for the general route goods …

11. According to the table above. A) 26.4%of all blacks are poor.. B) 26.4% of t

11.          According to the table above.                 A)            26.4%of all blacks are poor..                 B)            26.4% of the poor are black.                 C…

11. Applying the extended AD-AS model Aa Aa Financial crises, such as the one th

11. Applying the extended AD-AS model Aa Aa Financial crises, such as the one that impacted many developed countries starting in 2007, decrease banks' ability and willingness to m…

11. Assume that the market for computers begins in equilibrium. Then, there is a

11. Assume that the market for computers begins in equilibrium.  Then, there is a decrease in a price of Pentium processors used in the production of computers.  When the new equi…

11. Assume the following information about the banking system Quantities in bill

11. Assume the following information about the banking system Quantities in billions of dollars                                                      Currency (C) = $762           …

11. Before 1860, most of the U.S. population lived _____ and most workers _____

11. Before 1860, most of the U.S. population lived _____ and most workers _____ . a. in small to medium cities; were members of trade guilds. b. in rural areas; self-employed c. i…

11. Below, the graph on the left shows the short-run marginal cost curve for a t

11. Below, the graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current indus…

11. Calculating the price elasticity of supply Caroline is a college student who

11. Calculating the price elasticity of supply Caroline is a college student who lives in Detroit and does some consulting work for extra cash. At a wage of $25 per hour, she is w…

11. Can I afford this home? Part 1 Aa Aa Can Ryan and Sophia Afford This Home Us

11. Can I afford this home? Part 1 Aa Aa Can Ryan and Sophia Afford This Home Using the Monthly Income Loan Criterion? Next week, your friends Ryan and Sophia want to apply to the…

11. Canada’s inflation rate is 2% over one year but the inflation rate in the US

11. Canada’s inflation rate is 2% over one year but the inflation rate in the US is only 1%. According to PPP what should happen to the US dollar / Canadian dollar exchange rate? …

11. Consider an economy with a marginal propensity to consume of 0.60. What woul

11. Consider an economy with a marginal propensity to consume of 0.60. What would its marginal propensity to save be? What would happen to consumption (give the direction and size…

11. Consider an economy with a marginal propensity to consume of 0.60. What woul

11. Consider an economy with a marginal propensity to consume of 0.60. What would its marginal propensity to save be? What would happen to consumption income taxes (T) were to inc…

11. Critique the following: \"The graph below shows why economics is dangerous f

11. Critique the following: "The graph below shows why economics is dangerous for the planet. It suggests that the level of pollution reduction P*, where its marginal cost is just…

11. Deficiencies of government investments including infrastructure and human ca

11. Deficiencies of government investments including infrastructure and human capital that are complementary to- raise the rate of return from- private investment is called, a. Sa…

11. Demand and supply for lawn mowers in a small town can be expressed by the fo

11. Demand and supply for lawn mowers in a small town can be expressed by the following linear functions: (5 points) D(p) 40-p S(p)=10+p A) What is the equilibrium price and quant…

11. ECO1050 u06q1 Question 11 (Points: 3) Cynthia is an Oklahoma wheat farmer. T

11. ECO1050 u06q1 Question 11 (Points: 3) Cynthia is an Oklahoma wheat farmer. The demand for her wheat is what? (3 points). 1. Inelastic but not perfectly inelastic. 2. Perfectly…

11. ECO1050 u07q1 Question 11 (Points: 2) When compared to a purely competitive

11. ECO1050 u07q1 Question 11 (Points: 2) When compared to a purely competitive market, a single-price monopolist produces and charges what? (2 points). 1. It produces a larger ou…

11. Economics is The study of how choices are made because of scarcity b. a The

11. Economics is The study of how choices are made because of scarcity b. a The study of how the values and preferences of human decision makers are formed Interesting but not app…

11. Economics is a. The study of how choices are made becasse of scarcity b. The

11. Economics is a. The study of how choices are made becasse of scarcity b. The study of how the values and preferences of human decision makers are c. Interesting but not applic…

11. Economists and consumption theories Aa Aa Complete the table below by indica

11. Economists and consumption theories Aa Aa Complete the table below by indicating which economist would make each statement. Choose each economist only once Economist Statement…

11. Find the marginal utility of good X and the marginal utility of good Y ifor

11. Find the marginal utility of good X and the marginal utility of good Y ifor the consumer, whose preferences are described by utility function U(x;y) = 2x + y. 12. Find the mar…

11. For a two-tail hypothesis test, the p-value is a sum of two tail areas a. Tr

11. For a two-tail hypothesis test, the p-value is a sum of two tail areas a. True ___; b. False 12. When the population standard deviation is unknown we substitute the sample sta…

11. For most products, higherprices result in a decreased demand, whereas lower

11. For most products, higherprices result in a decreased demand, whereas lower prices result in an increased demand. Let D= annual demand for a product in units P= price per unit…

11. Given the benefits of rapid integration, it is usually preferable to impose

11. Given the benefits of rapid integration, it is usually preferable to impose the acquirer's organizational structure on the target firm. True or False 12. It is best to staff p…

11. Government encouragement of monopoly: a. usually leads to lower prices and h

11. Government encouragement of monopoly: a. usually leads to lower prices and higher consumer surplus b. through patents causes higher consumer prices but encourages firms to inn…

11. Harry Mazzola, who consumes only corn chips and french fries. His utility fu

11. Harry Mazzola, who consumes only corn chips and french fries. His utility function is u(x1, x2) = min{x1 + 2x2, 2x1 + x2} where x1 is his consumption of corn chips and x2 is h…

11. How price changes impact the labor market Consider the labor market for the

11. How price changes impact the labor market Consider the labor market for the fast-food industry, which consists mainly of high school and college students. Assume that all fast…

11. If the GDP of the economy is larger than the equilibrium GDP, a) Inventories

11.       If the GDP of the economy is larger than the equilibrium GDP, a)         Inventories would fall below the desired level and thus firms increase their production. b)     …

11. If the government imposes a tax in a market then the price of the good on th

11. If the government imposes a tax in a market then the price of the good on the market goes up by more than the amount of the tax if the good is price-inelastic. 12. If the gove…

11. If the reserve ratio is 5 percent, then $1,000 of additional reserves can cr

11. If the reserve ratio is 5 percent, then $1,000 of additional reserves can create up to        $200 of new money.        $2,000 of new money.        $20,000 of new money.      …

11. If the supply of unskilled domestic labor and the supply of unskilled immigr

11. If the supply of unskilled domestic labor and the supply of unskilled immigrant labor are both perfectly inelastic, then the typical market equilibrium will be such that: A. I…

11. Ifa firm is producing a quantity of 150 and charging a price of $13, it a. s

11. Ifa firm is producing a quantity of 150 and charging a price of $13, it a. should continue to produce 150 units but lower the price to $10 to maximize profits. b. should conti…

11. In Cortland, NY, there are two kinds of workers, Uselets, whose labour is wo

11. In Cortland, NY, there are two kinds of workers, Uselets, whose labour is worth $1,000 per month, and Candus, whose labour is worth $2,500 per month. Cortland has exactly twic…

11. In a socialist economic system: A. Markets are relied upon to decide what to

11. In a socialist economic system: A. Markets are relied upon to decide what to produce, but government intervenes when necessary B. Individuals tell government what to produce a…

11. In the expression MRPL = MPL×MR = MCL, a. player salaries are represented wi

11.    In the expression MRPL = MPL×MR = MCL,     a.    player salaries are represented within MPL     b.    MR is assumed to be equal to zero     c.    MPL indicates how the empl…

11. In the long run, if Price=$12, ATC=$2, and AVC = $9, a perfectly compeditive

11. In the long run, if Price=$12, ATC=$2, and AVC = $9, a perfectly compeditive firm would decide to.. a. Shut down b. Continue to produce c. Enter the industry d. Exit the indus…

11. Margin must be posted by ________. A. buyers of futures contracts only B. se

11. Margin must be posted by ________. A. buyers of futures contracts only B. sellers of futures contracts only C. both buyers and sellers of futures contracts D. speculators only…

11. Market equilibrium and disequilibrium The following graph shows the monthly

11. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for teapots. Use the graph input tool to help you answer the…

11. Market equilibrium and disequilibrium The following graph shows the monthly

11. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for calendars. Use the graph input tool to help you answer t…

11. Market solutions to correct for negative externalities Aa Aa This problem as

11. Market solutions to correct for negative externalities Aa Aa This problem asks you to examine the costs and benefits in the market for petrol in Sydney. The marginal social be…

11. Market structures are categorized by the following two criteria: A. the numb

11. Market structures are categorized by the following two criteria: A. the number of firms and the size of the firms B. whether or not products are differentiated and the extent …

11. McGriff Dog Food Company normally takes 27 days to pay for average daily cre

11. McGriff Dog Food Company normally takes 27 days to pay for average daily credit purchases of $9,530. Its average daily sales are $10,680, and it collects accounts in 32 days. …