Economics

1. Inflation is a problem because it erodes nominal wage growth. a. True b. Fals

1. Inflation is a problem because it erodes nominal wage growth. a. True b. False 2. The Consumer Price Index measures inflation by using: a. all goods and services that are produ…

1. Inflation rate = 10.4 Cyclical rate = 1.8 Structural rate = 2.9 Expected infl

1. Inflation rate = 10.4 Cyclical rate = 1.8 Structural rate = 2.9 Expected inflation rate = 12.0 Current unemployment rate = 12.8 Given these estimates, what is the rate of frict…

1. Inside the corporation there are .............. systems that motivate individ

1. Inside the corporation there are .............. systems that motivate individuals and teams to make the most efficient decisions over product lines.      a) automatic administr…

1. Instead of taking the dirty laundry with you when you go back to visit your p

1. Instead of taking the dirty laundry with you when you go back to visit your parents, you use a Laundromat. Your use of the Laundromat means that A. your parents' contribution t…

1. Instead of taking the dirty laundry with you when you go back to visit your p

1. Instead of taking the dirty laundry with you when you go back to visit your parents, you use a Laundromat. Your use of the Laundromat means that A. your parents' contribution t…

1. Instructions You are expected to answer all of these questions in coherent pa

1. Instructions You are expected to answer all of these questions in coherent paragraphs, not a series of bullet points. Do not treat the subquestions within each larger question …

1. International Economies is all about how nations interact through the followi

1. International Economies is all about how nations interact through the following except a. trade in goods and services b. amnesty for immigrants c. flow of money d. investment 2…

1. Is NASCARs main goal to maximize profits? If not, what is their major goal? I

1. Is NASCARs main goal to maximize profits? If not, what is their major goal? Is there a tradeoff involved here? 2. Is the motivation for the actions described in the NYT article…

1. Is inflation: High, Moderate, or Low? 2. Is unemployment: High, Moderate or L

1. Is inflation: High, Moderate, or Low? 2. Is unemployment: High, Moderate or Low; what is the unemployment rate? 3. Are interest rates: High, Moderate, or Low? 4. Is the economy…

1. Is it possible for a college professor to receive economic rent? If so, how w

1. Is it possible for a college professor to receive economic rent? If so, how would the amount of economic be measured? Note that economic rent in the labor market is sometimes r…

1. Is opportunity cost always present? 2. What is the problem at the heart of ec

1. Is opportunity cost always present? 2. What is the problem at the heart of economics? 3. What is included in GDP and what is excluded? 4. If the consumer price index increases,…

1. Is opportunity cost always present? 2. What is the problem at the heart of ec

1. Is opportunity cost always present? 2. What is the problem at the heart of economics? 3. What is included in GDP and what is excluded? 4. If the consumer price index increases,…

1. Is opportunity cost always present? 2. What is the problem at the heart of ec

1. Is opportunity cost always present? 2. What is the problem at the heart of economics? 3. What is included in GDP and what is excluded? 4. If the consumer price index increases,…

1. Is opportunity cost always present? 2. What is the problem at the heart of ec

1. Is opportunity cost always present? 2. What is the problem at the heart of economics? 3. What is included in GDP and what is excluded? 4. If the consumer price index increases,…

1. Is the budget deficit of a country linked to its current account balance? If

1. Is the budget deficit of a country linked to its current account balance? If so, how so? If not, why not? Explain how it is possible for the United States’ current account defi…

1. Is the budget deficit of a country linked to its current account balance? If

1. Is the budget deficit of a country linked to its current account balance? If so, how so? If not, why not? Explain how it is possible for the United States’ current account defi…

1. Is the following statement true or false? The PV of a future payment is large

1. Is the following statement true or false? The PV of a future payment is larger the greater the number of periods and the higher the discount (interest) rate. Provide a TVM exam…

1. It is argued that the United States would be foolish to maintain a free-trade

1. It is argued that the United States would be foolish to maintain a free-trade stance in a world in which all other countries exploit child or prisoner labor, or are protectioni…

1. It is extremely important for a firm to be able to identify a set of “optimal

1. It is extremely important for a firm to be able to identify a set of “optimal production methods or technologies”. Explain why this is necessary. Be specific. 2. It has been su…

1. It is said that corporations can have liability for criminal actions. However

1. It is said that corporations can have liability for criminal actions. However, it is also said "doctrine of sovereign immunity". The last time I checked China is still a commun…

1. JC\'s (for Josh and Charlie\'s) Dead by Dawn is an extreme fitness center. JC

1. JC's (for Josh and Charlie's) Dead by Dawn is an extreme fitness center. JC's innovative training methods results in their clients either achieving the best physical condition …

1. JC\'s (for Josh and Chartie\'s) Dad by D ing he best iness center JC\'s alin

1. JC's (for Josh and Chartie's) Dad by D ing he best iness center JC's alin miethods results in their clients cither achieving the best physical condition of their lives or prema…

1. JC’s (for Josh and Charlie’s) Dead by Dawn is an extreme fitness center. JC’s

1.JC’s (for Josh and Charlie’s) Dead by Dawn is an extreme fitness center. JC’s innovative training methods results in their clients either achieving the best physical condition o…

1. Jackson Corporation\'s bonds have 5 years remaining to maturity. Interest is

1. Jackson Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9.5%. The bonds ha…

1. Jacob\'s allowance for this week is $15. Jacob\'s schoolmate Henry has offere

1. Jacob's allowance for this week is $15. Jacob's schoolmate Henry has offered him the following bet. If their teacher, Mr. Fashionable, comes to class on Monday wearing a red sh…

1. Jane quit her job at IBM where she earned $50,000 a year. She cashed in $50,0

1. Jane quit her job at IBM where she earned $50,000 a year. She cashed in $50,000 in corporate bonds that earned 10% interest annually to buy a mini-bus. Jane has decided to buy …

1. Jane wants to buy a beautiful doll as a gift for her sister\'s birthday. She

1. Jane wants to buy a beautiful doll as a gift for her sister's birthday. She knows that the same product is offered in different shops with prices of $120, $100, and $80 with od…

1. Japan, with a high population density and a large number of urban centers tha

1. Japan, with a high population density and a large number of urban centers that grew up before the automobile, has a retail system with many small stores serving local neighborh…

1. Japanese tariffs and quotas reduce national welfare the most in: A) agricultu

1. Japanese tariffs and quotas reduce national welfare the most in: A) agriculture. B) machinery. C) textiles. D) clothing. 2. U.S. tariffs and quotas reduce national welfare the …

1. Jared is looking to expand his lawn-mowing business and wants to evaluate the

1. Jared is looking to expand his lawn-mowing business and wants to evaluate the profitability of a potential new market. The area he is looking at has 400 homes and Jared estimat…

1. Jennifer Trucking Company operates a large rig transportation business in Tex

1. Jennifer Trucking Company operates a large rig transportation business in Texas that transports locally grown vegetables to San Diego, California. The company owns 5 large rigs…

1. Jenny owns two commercial buildings. She rents one to a fellow businesswoman

1. Jenny owns two commercial buildings. She rents one to a fellow businesswoman for $15,000 per year. she retains ownership of the other guiding. Her son informed her she could re…

1. Jenny\'s situation is given by the graph below. Use this graph to answer the

1. Jenny's situation is given by the graph below. Use this graph to answer the following questions: Composite Good S 24 12 24 Good X a) What are three points on Jenny's Price-Cons…

1. Jersey Pharmaceuticals produces a highly profitable drug, but the patent on t

1. Jersey Pharmaceuticals produces a highly profitable drug, but the patent on the drug is about to expire and General Generic has indicated that they wish to produce a generic eq…

1. Jill is at a restaurant and has determined that she prefers the salmon to the

1. Jill is at a restaurant and has determined that she prefers the salmon to the beef and the beef to the chicken. When the waiter comes, he tells her that they are out of beef an…

1. Jim recently graduated from college and found his first job. He noticed that

1. Jim recently graduated from college and found his first job. He noticed that when he was in college he often ate macaroni and cheese, but now he does not. What might explain th…

1. Jim\'s 1998 mini-van is functional. He purchased it in 1998 for $11,000 from

1. Jim's 1998 mini-van is functional. He purchased it in 1998 for $11,000 from a bank which required he make a down payment of $2500 at a 3% annual interest rate. This was the ban…

1. Job A pays $30,000 a year. Job B is completely identical in all aspects excep

1. Job A pays $30,000 a year. Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living. In order to compete, Job B would n…

1. Job A pays $30,000 a year. Job B is completely identical in all aspects excep

1.     Job A pays $30,000 a year.  Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living.  In order to compete, Job B w…

1. Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s mach

1. Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages…

1. Joe Kelp owns a commercial fishing fleet, and hires a captain for each boat i

1. Joe Kelp owns a commercial fishing fleet, and hires a captain for each boat in his fleet. These workers are considered to be part of the crew. In the market for fresh Pacific s…

1. Joe and Rebecca are small-town ready-mix concrete duopolists. The market dema

1. Joe and Rebecca are small-town ready-mix concrete duopolists. The market demand function is Qd = 10,000 – 100P, where P is the price of a cubic yard of concrete and Qd is the n…

1. Joe likes Tom Thumb\'s Tiny Burgers. For him, they satisfy an important want.

1. Joe likes Tom Thumb's Tiny Burgers. For him, they satisfy an important want. The schedule below shows how much "want-satisfying" power they have: Number of Burgers Want-Satisfy…

1. John buys more shoes than AI; this means John\'s demand will be: (A) more ela

1. John buys more shoes than AI; this means John's demand will be: (A) more elastic than AI's (B) less elastic than Al's (C) equally elastic to Al's (D) there is no way to say unl…

1. John has been in the habit of mowing Willa\'s lawn each week for $20. John\"s

1. John has been in the habit of mowing Willa's lawn each week for $20. John"s opportunity cost is $15, and Willa would be wlling to pay $25 to have her lawn mowed. What is the ma…

1. John just bought shares of stock in IBM for $10,000 and paid a $90 commission

1. John just bought shares of stock in IBM for $10,000 and paid a $90 commission to his broker. How did this affect GDP? A) It had no impact on GDP. B) GDP increased by $90. C) GD…

1. John just bought shares of stock in IBM for $10,000 and paid a $90 commission

1. John just bought shares of stock in IBM for $10,000 and paid a $90 commission to his broker. How did this affect GDP? A) It had no impact on GDP. B) GDP increased by $90. C) GD…

1. John spends his income on pizza (1) and tacos (2). Pizza is priced at $2 and

1. John spends his income on pizza (1) and tacos (2). Pizza is priced at $2 and tacos at $1 per unit. If John has an income of $50 to spend and his utility function is represented…

1. John works part-time for a moving company and earns a total of $162 each week

1. John works part-time for a moving company and earns a total of $162 each weekend. Next weekend a friend has invited him on a cruise that will cost him a total of $422. If he go…

1. John’s inverse demand function for a public good is P = 10 - Q. Paul’s invers

1. John’s inverse demand function for a public good is P = 10 - Q. Paul’s inverse demand is exactly the same. The supply of the public good is P = Q. What is the equilibrium (effi…