Economics

1. Over time, an increase in the real output and incomes of the trading partners

1.      Over time, an increase in the real output and incomes of the trading partners of the United States will: a)      Increase U.S. exports and U.S. imports b)      Decrease U.…

1. Panel (a) shows a profit-maximizing monopolisticallycompetitive firm that is

1. Panel (a) shows a profit-maximizing monopolisticallycompetitive firm that is a. earning zero economic profit. b. likely to exit the market in the long run. c. producing its eff…

1. Pareto improvements Aa AaE At Bandia University, there are no rules about pla

1. Pareto improvements Aa AaE At Bandia University, there are no rules about playing loud music in the dorms, and there are no quiet hours. On the night before finals, Kim wants t…

1. Partial equilibrium analysis concerns only supply or only demand while genera

1. Partial equilibrium analysis concerns only supply or only demand while general equilibrium analysis deals with supply and demand at the same time. 2. A pure exchange economy is…

1. Patent laws: reduce incentive to innovate by restricting market entry reduce

1. Patent laws: reduce incentive to innovate by restricting market entry reduce incentive to innovate by making it difficult to use the patented innovation increase incentive to i…

1. Peach-Lemon problem Consider the market of used cars. Sellers have two types

1. Peach-Lemon problem Consider the market of used cars. Sellers have two types of cars: peaches (cars in good condition) and lemons (cars in bad condition). If a potential buyer …

1. People\'s willingness to buy the PC or Mac format of computer software depend

1. People's willingness to buy the PC or Mac format of computer software depends on how popular the software format is among other consumers. This is an example of: A) the prisone…

1. Per Unit subsidy VS Lump-sum subsidy Suppose the government wants to introduc

1. Per Unit subsidy VS Lump-sum subsidy Suppose the government wants to introduce some subsidy on good x. It has two op- tions: Per Unit subsidy or Lump-sum subsidy. Suppose consu…

1. Per capita real income grows at a constant rate of 2 percent in country A and

1. Per capita real income grows at a constant rate of 2 percent in country A and at a constant rate of 4 percent in country B. Both countries initially have the same level of per …

1. Perfect Competition is a model of which examples are few and far between; yet

1. Perfect Competition is a model of which examples are few and far between; yet economists love to discuss this model. Explain why. 2. With at least one example, discuss how an i…

1. Perfect competition is characterized by: A. rivalry in advertising. B. fierce

1. Perfect competition is characterized by: A. rivalry in advertising. B. fierce quality competition. C. the inability of any one firm to influence price. D. widely recognized bra…

1. Perfect competition is characterized by: A. rivalry in advertising. B. fierce

1. Perfect competition is characterized by: A. rivalry in advertising. B. fierce quality competition. C. the inability of any one firm to influence price. D. widely recognized bra…

1. Pete’s Pie Shop is a perfectly competitive firm. If the total output of pies

1. Pete’s Pie Shop is a perfectly competitive firm. If the total output of pies in Pete’s Pie Shop increases from 20 per hour to 30 per hour as he hires the second worker, then A.…

1. Phillip is going for an interview for a job. He will have a higher bargaining

1. Phillip is going for an interview for a job. He will have a higher bargaining power if: A. he is a college freshman. B. there are several applicants. C. he is the only applican…

1. Physicians\' offices supply some urgent care services (i.e., services patient

1. Physicians' offices supply some urgent care services (i.e., services patients seek for prompt attention but not for preservation of life or limb). a. Name three other providers…

1. Pick a song…almost any song. Find a song where the lyrics deal with economic

1. Pick a song…almost any song. Find a song where the lyrics deal with economic content. I say almost any song because we need to be aware of our surroundings and that the classro…

1. Planet Earth is our only home for the time being. As global populations grow

1. Planet Earth is our only home for the time being. As global populations grow and our resources dwindle, we should worry more about the issues of a. Scarcity and Choice. i. List…

1. Planet Earth is our only home for the time being. As global populations grow

1. Planet Earth is our only home for the time being. As global populations grow and our resources dwindle, we should worry more about the issue of a) Scarcity and Choice. i) List …

1. Planned real investment is determined by the: a. rate of interest. b. the mar

1. Planned real investment is determined by the: a. rate of interest. b. the marginal propensity to save. c. the marginal tax rate. d. money supply. 2.If the price level rises the…

1. Please describe the differences between business strategy and corporate strat

1. Please describe the differences between business strategy and corporate strategy. C 15%) In your opinions, if Please analyze the pros and cons regarding the integration of Medi…

1. Please explain what productivity is and how it determines the wealth and well

1.     Please explain what productivity is and how it determines the wealth and well being of a country's citizens. 2.     Define the catch-up effect and demonstrate how the Centr…

1. Please indicate whether you agree with the following statements in italics, a

1. Please indicate whether you agree with the following statements in italics, and explain your answer: (a) Failure to recognize the Cellophane Fallacy may result in defining an o…

1. Please indicate whether you agree with the following statements in italics, a

1. Please indicate whether you agree with the following statements in italics, and explain your answer: (a) Failure to recognize the Cellophane Fallacy may result in defining an o…

1. Please indicate whether you agree with the following statements in italics, a

1. Please indicate whether you agree with the following statements in italics, and explain your answer: (a) Failure to recognize the Cellophane Fallacy may result in defining an o…

1. Please indicate whether you agree with the following statements in italics, a

1. Please indicate whether you agree with the following statements in italics, and explain your answer: (a) Failure to recognize the Cellophane Fallacy may result in defining an o…

1. Please indicate whether you agree with the following statements in italics, a

1. Please indicate whether you agree with the following statements in italics, and explain your answer: (a) Failure to recognize the Cellophane Fallacy may result in defining an o…

1. Please match the scenarios with the term for which it best identifies. Mario

1. Please match the scenarios with the term for which it best identifies. Mario is a plumber with his partner Luigi. As a result of a bad economic downturn, they lose their jobs u…

1. Please summarize how the Canadian government and First Nations people are wor

1. Please summarize how the Canadian government and First Nations people are working to implement TEK principles into decision-making processes. 2.  In which ways could you see TE…

1. Point out the main differences in job conditions and worker characteristics b

1. Point out the main differences in job conditions and worker characteristics between the urban formal and informal sectors. 2. Explain some important policy measures that you wo…

1. Political responses to expanding globalization increasingly energize people t

1. Political responses to expanding globalization increasingly energize people to form ______ , such as Amnesty International, Médecins Sans Frontière, and Greenpeace, in order to…

1. Poofy Pop Popcorn advertises – \"NO SEED GUARANTEE – VERIFIED & TESTED - Ever

1. Poofy Pop Popcorn advertises – "NO SEED GUARANTEE – VERIFIED & TESTED - Every kernel popped every time". Wyatt tears into a bag of Poofy Pop and cracks his tooth on a kerne…

1. Pookie\'s Pinball Palace restores old Pinball machines Pookie has just spent

1. Pookie's Pinball Palace restores old Pinball machines Pookie has just spent S300 purchasing and cleaning a 1960s-era machine which he expects to sell for $2,000 once he is fini…

1. Pookie\'s Pinball Palace restores old Pinball machines. Pookie has just spent

1. Pookie's Pinball Palace restores old Pinball machines. Pookie has just spent S300 purchasing and cleaning a 1960s-era machine which he expects to sell for $2,000 once he is fin…

1. Pookie\'s Pinball Palace restores old Pinball machines. Pookie has just spent

1. Pookie's Pinball Palace restores old Pinball machines. Pookie has just spent S300 purchasing and cleaning a 1960s-era machine which he expects to sell for $2,000 once he is fin…

1. Poor countries that join the World Trade Organization (the WTO) must agree to

1. Poor countries that join the World Trade Organization (the WTO) must agree to prevent the illegal production of generic drugs that violate the patents of multinational drug com…

1. Positive vs normative analysis. Which of the following statements indicate a

1. Positive vs normative analysis. Which of the following statements indicate a positive (a) If the United States lifts the prohibition on imports of Cuban cigars, (b) A freeze in…

1. Potential GDP or full employment GDP refers to the level of 2. Refer to Figur

1. Potential GDP or full employment GDP refers to the level of 2. Refer to Figure 13-1. After the oil price shock, the economy moves from _______________________ in the SR.   3. R…

1. Practice with the best case: You are the central banker, and you have to deci

1. Practice with the best case: You are the central banker, and you have to decide how fast the money supply should grow. Your economy gets hit by the following AD shocks and your…

1. Precisely define sustainable economic growth. Provide an example of a sustain

1. Precisely define sustainable economic growth. Provide an example of a sustainable 2. TRUE or FALSE. Technological progress is always good for the environment. 3. TRUE or FALSE.…

1. Predict the elasticity of demandfor feature movies that is described by each

1.      Predict the elasticity of demandfor feature movies that is described by each of the followingstatements. [Justify your answers.] (2 marks each) a.      We go to the movies…

1. Price discrimination leads to a ________ price for consumers with a ________

1. Price discrimination leads to a ________ price for consumers with a ________ demand.    a)    lower; more elastic    b)    lower; less elastic    c)    higher; perfectly elasti…

1. Price discrimination occurs when a.the supply of the product is elastic b.a p

1. Price discrimination occurs when    a.the supply of the product is elastic    b.a product's average cost is greater than its average revenue    c.a product's average cost is le…

1. Price discrimination refers to: A. selling a given product for different pric

1. Price discrimination refers to:       A.   selling a given product for different prices at two different points in time.       B.   any price above that which is equal to a min…

1. Price-discriminating firm Eleanor owns a plot of land in the desert that isn\

1. Price-discriminating firm Eleanor owns a plot of land in the desert that isn't worth much. One day, a giant meteor falls on her property. The event attracts scientists and tour…

1. Principal-agent problems occur when: agents are representing principals manag

1. Principal-agent problems occur when: agents are representing principals managerial decisions are not consistent with the firm's shareholders' interests.   managers who do not p…

1. Problem associated with first video: Increasing transformation Consider the f

1. Problem associated with first video: Increasing transformation Consider the following utility function u(x1, x2) = x1x2. (a) Calculate the MRS for this utility function. (b) Co…

1. Problems and Applications Q1 A large share of the world supply of diamonds co

1. Problems and Applications Q1 A large share of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of mining diamonds is constant at …

1. Problems and Applications Q1 Consider each of the following situations involv

1. Problems and Applications Q1 Consider each of the following situations involving asymmetric information. Landlords require tenants to pay security deposits." Who are the princi…

1. Problems and Applications Q1 Indicate how each of the following transactions

1. Problems and Applications Q1 Indicate how each of the following transactions affects US exports, imports, and net exports. Effect On. u.s. Imports U.S. Net Exports Transaction …

1. Problems and Applications Q1 Indicate how each of the following transactions

1. Problems and Applications Q1 Indicate how each of the following transactions affects US exports, imports, and net exports Effect On... U.S. ImportsU.S. Net Export Transaction A…