Economics

8-17 Multiple Choice. Choose the best answer. 1. Which of the following financia

8-17 Multiple Choice. Choose the best answer. 1. Which of the following financial statements is prepared by fiduciary funds? a. Statement of activities. b. Statement of net positi…

8-3. Patrick and Rachel live in Seattle. Patrick\'s net present value of lifetim

8-3. Patrick and Rachel live in Seattle. Patrick's net present value of lifetime earnings in Seattle is $125.000, while Rachel's is $500,000. The cost of moving to Atlanta is $25.…

8-35) An oil company plans to purchase a piece of vacant land on the corner of t

8-35) An oil company plans to purchase a piece of vacant land on the corner of two busy streets for $70,000. The cost of the types of businesses Plan A) Cost: $75,000 Net Annual I…

8-39: Frequently we read in the newspaper that one should lease a car rather tha

8-39: Frequently we read in the newspaper that one should lease a car rather than buying it. For a typical 24-month lease on a car costing $9400, the monthly lease charge is about…

8-39: Frequently we read in the newspaper that one should lease a car rather tha

8-39: Frequently we read in the newspaper that one should lease a car rather than buying it. For a typical 24-month lease on a car costing $9400, the monthly lease charge is about…

8-Given a production possibilities curve, a point: Question 8 options: a- inside

8-Given a production possibilities curve, a point: Question 8 options: a- inside the curve represents unemployment. b- on the curve represents full employment. c- outside the curv…

8-Which of the following best explains why riskier assets have higher yields (pa

8-Which of the following best explains why riskier assets have higher yields (pay more interest) relative to safer assets? All of these Demand for riskier assets is lower than the…

8. $6 C. $4 D. $2 18. (using the information in Figure #1). If the short run pri

8. $6 C. $4 D. $2 18. (using the information in Figure #1). If the short run price were $10, then in the long run firms would: A. Continue to receive the economic profit/loss B. E…

8. (10 points) Complete the following table regarding own price elasticity. Dema

8. (10 points) Complete the following table regarding own price elasticity. Demand is said to be: The absolute value of If price goes up the elasticity is.... revenue... Elastic U…

8. (2.5 pts) The following figure shows the labor demand curve, LD2, and labor s

8. (2.5 pts) The following figure shows the labor demand curve, LD2, and labor supply curve, LS1 at the trough of a recession. Six months later, the labor demand curve partially r…

8. (20 points) Let mort be the infant mortality rate at hospitals. A model to es

8. (20 points) Let mort be the infant mortality rate at hospitals. A model to estimate the effect of per capital government health expenditures on infant mortality is: mort = 0 + …

8. (3.0 pts) (A-2) Refer to Figure 7-1. If the real hourly wage rate was S6, wha

8. (3.0 pts) (A-2) Refer to Figure 7-1. If the real hourly wage rate was S6, what would be the effect? a. There would be a shortage of 40 million workers and the wage rate would r…

8. (Mishkin 17.25) Suppose that currency in circulation is $600 billion, the amo

8. (Mishkin 17.25) Suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, and excess reserves are $15 billion. Assume that the req…

8. (Please choose all the suitable answers from the four choices marked A, B, C

8. (Please choose all the suitable answers from the four choices marked A, B, C and D) According to Porter, advanced factors: A. include educated workers and infrastructure. B. ar…

8. (Table: Balance of Payment) Refer to the table Balance of Payments. The count

8. (Table: Balance of Payment) Refer to the table Balance of Payments. The country's balance of payments on current A) S355 billion. B) $395 billion. C) $375 billion. D) $355 bill…

8. (Table: Production Function for Soybeans) The table shows a tion function for

8. (Table: Production Function for Soybeans) The table shows a tion function for soybeans. Assume that the fixed input. produc r, which have a combi cost of $150 per day. The cost…

8. A If Coke is able to use price discrimination successfully, some customers ma

8. A If Coke is able to use price discrimination successfully, some customers may be willing to pay more for a Coke than another very similar soda. False True 8. B Some economists…

8. A basketball company is considering purchasing a new machine that doubles cap

8. A basketball company is considering purchasing a new machine that doubles capacity from 100 to 200 balls per day. The machine will occupy 1,000 square feet of unused space on t…

8. A certain asset was purchased at a cost of $1,140,000. This company is in the

8.   A certain asset was purchased at a cost of $1,140,000.  This company is in the 35% tax bracket.  Complete the lines below: Year           MACRS %      Amount of Dep        Am…

8. A certain asset was purchased at a cost of $1,140,000. This company is in the

8.   A certain asset was purchased at a cost of $1,140,000.  This company is in the 35% tax bracket.  Complete the lines below: Year MACRS % Amount of Dep        Amount of Dep    …

8. A company produces and sells a consumer product, and thus far has been able t

8. A company produces and sells a consumer product, and thus far has been able to control the volume of the product by varying the selling price. The company is seeking to maximiz…

8. A firm in perfect competition should produce an additional unit of output if

8. A firm in perfect competition should produce an additional unit of output if a. b. total revenue is greater than total cost MR 2 MC 9. Which of the following is true? b. If cha…

8. A medical expenses billing firm wishes to hire a software firm to design its

8. A medical expenses billing firm wishes to hire a software firm to design its software to more efficiently handle its billing. Having the programming redesign is worth $1.5 mill…

8. A model of price discrimination Aa Aa Stelios, a retiree, owns and lives in t

8. A model of price discrimination Aa Aa Stelios, a retiree, owns and lives in the desert on a piece of land that isn't worth much. One day, a giant meteor falls in the middle of …

8. A monopolist is seeking to price discriminate by segregating the market. The

8. A monopolist is seeking to price discriminate by segregating the market. The demand in each market is given as follows: Market A: P = 110 - 4Q Market B: P = 171 - 2Q The monopo…

8. A monopolist is seeking to price discriminate by segregating the market. The

8. A monopolist is seeking to price discriminate by segregating the market. The demand in each market is given as follows: Market A: P = 145 - 4Q Market B: P = 118 - 3Q The monopo…

8. A monopolist: (Points : 5) earns a profit in the short run and the long run.

8. A monopolist: (Points : 5) earns a profit in the short run and the long run. earns a profit in the short run but not the long run. can earn profits or incur losses in the short…

8. A monopolist: (Points : 5) earns a profit in the short run and the long run.

8. A monopolist: (Points : 5) earns a profit in the short run and the long run. earns a profit in the short run but not the long run. can earn profits or incur losses in the short…

8. A movement along the demand curve for automobiles is caused by a change in a.

8. A movement along the demand curve for automobiles is caused by a change in a. consumers' incomes. b. the price of automobiles. c the price of gasoline. d. the price of steel. 9…

8. A movement along the demand curve for automobiles is caused by a change in a.

8. A movement along the demand curve for automobiles is caused by a change in a. consumers' incomes. b. the price of automobiles. c the price of gasoline. d. the price of steel. 9…

8. A multinational firm acquires many of its components preassembled from suppli

8. A multinational firm acquires many of its components preassembled from suppliers. One of these suppliers operates in a country with a much lower corporate income tax rate. How …

8. A new 2-lane STREET is needed in a part of town that is growing. At some poin

8. A new 2-lane STREET is needed in a part of town that is growing. At some point the road will need 4 lanes to handle anticipated traffic. If the citys optimistic estimate of gro…

8. According to Abel, Bernanke and Croushore, the LM curve is upward A. Higher o

8. According to Abel, Bernanke and Croushore, the LM curve is upward A. Higher output raises savings and leads to a lower market-clearing real interest rate. B. Higher output lowe…

8. According to Abel, Bernanke and Croushore, the LM curve is upward sloping bec

8. According to Abel, Bernanke and Croushore, the LM curve is upward sloping because A. Higher output raises savings and leads to a lower market-clearing B. Higher output lowers s…

8. According to Abel, Bernanke and Croushore, the LM curve is upward sloping bec

8. According to Abel, Bernanke and Croushore, the LM curve is upward sloping because A. Higher output raises savings and leads to a lower market -clearing B. Higher C. Higher outp…

8. According to suply-dmaise wages foe the above re nemploymetd analysis, an inc

8. According to suply-dmaise wages foe the above re nemploymetd analysis, an increase in the federal minimum wage will (a) a temporary labor -urpu ades foer some wokers at the exp…

8. Advantages of a less independent central bank include each of the following e

8. Advantages of a less independent central bank include each of the following except: A. More isolation from political pressures B. More accountability of the Board of Governors …

8. Agreement and disagreement among economists Suppose that Brian, an economist

8. Agreement and disagreement among economists Suppose that Brian, an economist from a research institute in Texas, and Crystal, an economist from a school of industrial relations…

8. Agreement and disagreement among economists Suppose that Clancy, an economist

8. Agreement and disagreement among economists Suppose that Clancy, an economist from a business school in Georgia, and Eileen, an economist from a university in Massachusetts, ar…

8. Agreement and disagreement among economists Suppose that Jacques, an economis

8. Agreement and disagreement among economists Suppose that Jacques, an economist from a business school in Georgia, and Kyoko, an economist from a nonprofit organization on the W…

8. Agreement and disagreement among economists Suppose that Larry, an economist

8. Agreement and disagreement among economists Suppose that Larry, an economist from a research institute in Texas, and Megan, an economist from a nonprofit organization on the We…

8. Agreement and disagreement among economists Suppose that Musashi, an economis

8. Agreement and disagreement among economists Suppose that Musashi, an economist from an AM talk radio program, and Rina, an economist from a university in Massachusetts, are arg…

8. Agreement and disagreement among economists Suppose that Raphael, an economis

8. Agreement and disagreement among economists Suppose that Raphael, an economist from an AM talk radio program, and Susan, an economist from a school of industrial relations, are…

8. Agreement and disagreement among economists Suppose that Tim, an economist fr

8. Agreement and disagreement among economists Suppose that Tim, an economist from a research institute in Texas, and Alyssa, an economist from a public television program, are ar…

8. Ann lives in Princeton, New Jersey, and commutes by train each day to her job

8. Ann lives in Princeton, New Jersey, and commutes by train each day to her job in New York City (20 round trips per month). When the price of a round trip goes up from $10 to $2…

8. Application: Elasticity and hotel rooms The following graph input tool shows

8. Application: Elasticity and hotel rooms The following graph input tool shows the daily demand for hotel rooms at the Peacock Hotel and Casino in Las Vegas, Nevada. To help the …

8. Application: Elasticity and hotel rooms The following graph input tool shows

8. Application: Elasticity and hotel rooms The following graph input tool shows the daily demand for hotel rooms at the Peacock Hotel and Casino in Las Vegas, Nevada. To help the …

8. Assessment of probabilities include which of these terms? (a) Probability dis

8. Assessment of probabilities include which of these terms? (a) Probability distribution (b) Continuous random variables (c) Discrete random variables (d) Random variables 9. Ult…

8. Assume that MPC = 0.9. If G increases by $100 billion and T increases by $100

8. Assume that MPC = 0.9. If G increases by $100 billion and T increases by $100 billion, the equilibrium GDP ___ by $___ billion. A. increases, 0                                 …

8. Assume that in the short run a firm which is producing 100 units of output (Q

8. Assume that in the short run a firm which is producing 100 units of output (Q) per-period has average total costs (ATC) of $5 and average fixed costs (AFC) of $2. It may be con…