Economics

1. Answer the questions on the basis of the following national income data. All

1. Answer the questions on the basis of the following national income data. All figures are in billions of dollars. Personal Taxes $23 Net Private Domestic investment 33 Net Expor…

1. Answer these three questions about early-stage corporate finance: a. Why do v

1. Answer these three questions about early-stage corporate finance: a. Why do very small companies tend to raise money from private investors instead of through an IPO? b. Why do…

1. Answer whether each of the following statements is true or false. Explain bri

1. Answer whether each of the following statements is true or false. Explain briefly. (20 points) a. (4 points) A higher investment rate can sustain higher growth of output foreve…

1. Any net tax increase, i.e., a tax increase in excess of a benefit increase, c

1. Any net tax increase, i.e., a tax increase in excess of a benefit increase, cannot be shifted forward to tenants if the tenant demand curve is completely elastic or if A.tenant…

1. Apex Manufacturing charges Zenith Manufacturing with predatory pricing (that

1. Apex Manufacturing charges Zenith Manufacturing with predatory pricing (that is, selling below cost) What do you think anti-trust authorities will want to consider before they …

1. Apple feels it is a price leader in the mobile phone market with all the othe

1. Apple feels it is a price leader in the mobile phone market with all the other producers acting as followers. The total demand for mobile phones is given as, P=22,500-5Q(T) App…

1. Apple feels it is a price leader in the mobile phone market with all the othe

1. Apple feels it is a price leader in the mobile phone market with all the other producers acting as followers. The total demand for mobile phones is given as, P=22,500-­5Q(T) Ap…

1. Apple™ sells 40,000 iPods™ that were produced last year, to new customers. As

1. Apple™ sells 40,000 iPods™ that were produced last year, to new customers. As a result, 2. Some economists argue that trade restrictions 3. When the international value of the …

1. Approximately 75% of cross-border shipments move by water transportation. Sel

1. Approximately 75% of cross-border shipments move by water transportation. Select one: True False 2. Because transportation costs tend to be lower per unit of weight for larger …

1. April hires Christine to landscape her yard. They agree on a price, agree on

1. April hires Christine to landscape her yard. They agree on a price, agree on the types and colors of the plantings, and agree on the start date. When Christine shows up on the …

1. April, Barbara, and Cathy are considering whether or not to purchase tickets

1. April, Barbara, and Cathy are considering whether or not to purchase tickets to see the musical Wicked. April would pay as much as $75, Barbara would pay as much as $55, and Ca…

1. Are other aspects of computing advancing as well? At what rates? 3. What is a

1. Are other aspects of computing advancing as well? At what rates? 3. What is a microprocessor? What devices do you or your family own that contain microprocessors (and hence are…

1. Arnold takes special steroids to build muscle. The ounces of muscle built per

1. Arnold takes special steroids to build muscle. The ounces of muscle built per year (Q) is: Q = 5 + 61 S –S2 where   Q = the ounces of muscle built per year                   S …

1. As I showed in clas, the elasticity of demand for coffee is -0.25. Suppose th

1. As I showed in clas, the elasticity of demand for coffee is -0.25. Suppose that 5 million people buy cups of coffee every day. a. Is the demand for coffee elastic or inelastic?…

1. As a nation opens trade, the relative prices of products it exports will ____

1. As a nation opens trade, the relative prices of products it exports will __________ and the relative prices of products it imports will ___________. A) rise; fall B) fall; rise…

1. As a result, 1. Refer to Figure 1 below. The equilibrium wage rate is $______

1. As a result, 1. Refer to Figure 1 below. The equilibrium wage rate is $________ and the equilibrium number of people employed is ________ million people. 2. When Hurricane Andr…

1. As a social network site, Facebook gives companies a forum for interacting wi

1. As a social network site, Facebook gives companies a forum for interacting with their fans when they post product information, news, events, and promotions. In doing so, compan…

1. As new firms enter a monopolistically competitive market, the demand faced by

1. As new firms enter a monopolistically competitive market, the demand faced by each competing firm becomes more inelastic. A) True B) False 2 The long-run equilibrium of a monop…

1. As new firms enter a monopolistically competitive market, the demand faced by

1. As new firms enter a monopolistically competitive market, the demand faced by each competing firm becomes more inelastic. A) True B) False 2 The long-run equilibrium of a monop…

1. As output expands beyond the break-even point, the vertical distance between

1. As output expands beyond the break-even point, the vertical distance between the AVC and ATC will A. get larger B. Remain constant C. get smaller 2. Total revenue divided by ou…

1. As output expands beyond the break-even point, the vertical distance between

1. As output expands beyond the break-even point, the vertical distance between the AVC and ATC will A. get larger B. Remain constant C. get smaller 2. Total revenue divided by ou…

1. As price moves from $15 to $10, quantity demanded increases from 4000 units t

1. As price moves from $15 to $10, quantity demanded increases from 4000 units to 6000 units. What is the elasticity of demand? (Use the mid-point formula). 2.Assume a monopolist …

1. As shown in Table 13, the nominal public debt in 1946 was 268.1 billion dolla

1. As shown in Table 13, the nominal public debt in 1946 was 268.1 billion dollars, whereas the nominal public debt in 2017 was 20,244.9 billion dollars. That is, the 2017 public …

1. As the owner/operator of a petting zoo, you run a side business breeding llam

1. As the owner/operator of a petting zoo, you run a side business breeding llamas for other petting zoos. Based on market characteristics, the market for llamas is considered to …

1. Aside from your skills and how hard you work, what does your marginal product

1. Aside from your skills and how hard you work, what does your marginal product of labor reflect? A) your supply of labor (incorrect answer) B) the productivity of everyone else …

1. Assume Johnny\'s utility function is U (W ) = W ^a . a. For what values of a

1. Assume Johnny's utility function is U (W ) = W ^a . a. For what values of a is he risk averse, risk neutral, and risk loving? From now on, assume that a = 1/2. Johnny owns a ho…

1. Assume Joseph spends his entire income on X and Y, and his indifference curve

1. Assume Joseph spends his entire income on X and Y, and his indifference curves have the usual convex shape. If Joseph maximizes his utility, then a. he spends his entire availa…

1. Assume S(P-)=50+P- D(P+)=370-3P+ Sales tax of 20% Calculate the equilibrium b

1. Assume          S(P-)=50+P- D(P+)=370-3P+ Sales tax of 20% Calculate the equilibrium buyers' and sellers' price with no sale tax, and then with the 20% tax assumed above. 2. As…

1. Assume a colleague at the ERS estimated the following demand and supply equat

1. Assume a colleague at the ERS estimated the following demand and supply equations for rice in the U.S. Q = 100 – 4P Q = 10 +2P Where: Q = Quantity (lbs), P= Price (cents/lb) a.…

1. Assume a firm under Perfect Competition in the Short Run. Answer each questio

1. Assume a firm under Perfect Competition in the Short Run. Answer each question in terms of numerical values. MC ATC P, AVC P. P3 10 14 24 30 40 44 4762 6668 O Assume P1 = $20, …

1. Assume a firm under Perfect Competition in the Short Run. Answer each questio

1. Assume a firm under Perfect Competition in the Short Run. Answer each question in terms of numerical values. MC ATC P, AVC P. P3 10 14 24 30 40 44 4762 6668 O Assume P1 = $20, …

1. Assume a small economy is open. According to classical economic theory, expla

1. Assume a small economy is open. According to classical economic theory, explain what will be the long run effects of a decrease in government purchases. You need to present and…

1. Assume for Namibia that the opportunity cost of each hut is 200 bowls. Which

1. Assume for Namibia that the opportunity cost of each hut is 200 bowls. Which of these pairs of points could be on Namibia's production possibilities frontier? a. (200 huts, 30,…

1. Assume initially that: Currency = $2,200 DD = $4,000 e = .333 required reserv

1.      Assume initially that:          Currency = $2,200          DD = $4,000          e = .333          required reserves = $240          TD = $12,000          MMMF = $1,400    …

1. Assume investors expect a 2.0 percent real rate of return over the next year.

1. Assume investors expect a 2.0 percent real rate of return over the next year. If inflation is expected to be 0.5 percent, what is the expected nominal interest rate for a one-y…

1. Assume marginal costs are rising at all levels of output. If profits are maxi

1. Assume marginal costs are rising at all levels of output. If profits are maximized by a firm, whether monopolistic or perfectly competitive, A. output should be increased whene…

1. Assume sticky prices, if output at the lowest point of the producers average

1. Assume sticky prices, if output at the lowest point of the producers average total cost curve is 100 units per week and demand is only 90 units then A) The producer will reduce…

1. Assume that (a) the price level is flexible upward and downward and (b) the e

1. Assume that (a) the price level is flexible upward and downward and (b) the economy is currently operating at its full-employment output. Other things equal, how will each of t…

1. Assume that Alessi Balsamic Vinegar sells for $3.50 for a 4 year old bottle a

1. Assume that Alessi Balsamic Vinegar sells for $3.50 for a 4 year old bottle and that a 20 year old bottle sells for $10.50. Calculate the annual rate of return that the company…

1. Assume that Australia and the UK are the only producers wine in a perfectly c

1. Assume that Australia and the UK are the only producers wine in a perfectly competitive market. Below are domestic supply and demand cequations and their corresponding autarky …

1. Assume that Carl and Wanda each make $40,000. Each was given a raise of $4,00

1. Assume that Carl and Wanda each make $40,000. Each was given a raise of $4,000. Carl's spending increased from $40,000 to $43,000. Wanda's savings increased from $1,000 to $2,0…

1. Assume that Jill spends all her allowance on only two goods whose prices are

1. Assume that Jill spends all her allowance on only two goods whose prices are equal. To maximize utility Jill will A. Spend the same total dollar amount on each good B. Purchase…

1. Assume that Pericles has $8 to spend on cups of coffee and ice cream cones an

1. Assume that Pericles has $8 to spend on cups of coffee and ice cream cones and both goods must be purchased whole (no fractional units). A cup of coffee costs $0.5 each and an …

1. Assume that a country\'s production function changes from Y = K1/2 to Y = 2*K

1. Assume that a country's production function changes from Y = K1/2 to Y = 2*K1/2. Which of the following could explain the change in this production function? 3. Using the same …

1. Assume that an economy is initially in a steady state, that population growth

1. Assume that an economy is initially in a steady state, that population growth and the rate of technological change are both zero, but that capital depreciates at rate ?. Use th…

1. Assume that both capital and labor exhibit diminishing returns. Suppose you c

1. Assume that both capital and labor exhibit diminishing returns. Suppose you can hire an additional unit of labor for $20, and he can produce 100 units. You could also buy an ad…

1. Assume that in the United States, nominal wage rates rise faster than labor p

1. Assume that in the United States, nominal wage rates rise faster than labor productivity. Analyze the short-run effects of this situation on each of the following. (a) The gene…

1. Assume that the banking system has total reserves of $200 billion. Assume als

1. Assume that the banking system has total reserves of $200 billion. Assume also that the reserve ratio is 40 percent and that there is no currency in this economy. a. What is th…

1. Assume that the employees of the monopsonist in Problem 2 organize a strong i

1.     Assume that the employees of the monopsonist in Problem 2 organize a strong industrial union. The union demands a wage rate of $16 for its members, and the monopsonist deci…

1. Assume that the equilibrium in the money market may be described as M/P = 0.5

1. Assume that the equilibrium in the money market may be described as M/P = 0.5Y - 100r, and M/P equals 800. a. Write the LM curve two ways, expressing Y as a function of r and r…