Economics

1. Social insurance programs are ______.(Points: 1) government programs intended

1. Social insurance programs are ______.(Points: 1)       government programs intended to protect familiesagainst economic hardships        private insurance policiesto protect fa…

1. Solow Growth Model. Suppose that the U.S. economy can be described by the Sol

1. Solow Growth Model. Suppose that the U.S. economy can be described by the Solow Growth Model and that it was at its steady state in 2008. In 2009, President Obama proposed a hu…

1. Solve the following questions. a) Suppose Rosie\'s mum is considering purchas

1. Solve the following questions. a) Suppose Rosie's mum is considering purchasing a financial asset that promises to pay $2,500 per year for six years, with the first payment one…

1. Some Systemic tools used in the International Community under the guidance of

1. Some Systemic tools used in the International Community under the guidance of International law include Espionage, tariffs, misinformation, arms sales Diplomacy, Sanctions, Tre…

1. Some argue that a monopsony firm exploits its workers if it pays them a wage

1. Some argue that a monopsony firm exploits its workers if it pays them a wage (greater than/ less than/ equal to) their marginal revenue product. Others disagree and argue that …

1. Some games of strategy are cooperative. One example is deciding which side of

1. Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn’t matter which side it is as long as everyone chooses the same side…

1. Some games of strategy are cooperative. One example is deciding which side of

1. Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn’t matter which side it is as long as everyone chooses the same side…

1. Some games of strategy are cooperative. One example is deciding which side of

1. Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn’t matter which side it is as long as everyone chooses the same side…

1. Some manufacturing processes generate pollution that is a health and environm

1. Some manufacturing processes generate pollution that is a health and environmental hazard. The government wants to reduce the amount of pollution reaching the atmosphere. There…

1. Some of the results obtained by Robert Halvorsen when he applied statistical

1. Some of the results obtained by Robert Halvorsen when he applied statistical methods to estimate demand elasticity for electricity are as follows: Own price elasticity of deman…

1. Sometimes firms conduct experiments where they temporarily change prices (thi

1. Sometimes firms conduct experiments where they temporarily change prices (this may be done with selective coupons and other discounting methods) to see how the consumer respond…

1. Sort the list below according to whether or not an item is an assumption made

1. Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry). Assumed in perfect Compe…

1. Sounds promising, but are there downsides to high-deductable health plans? 2.

1. Sounds promising, but are there downsides to high-deductable health plans? 2. If given a choice of enrollment in a high deductible plan versus a more traditional (and more expe…

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some m

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero. …

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some m

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero. …

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some m

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero. …

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some m

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero T…

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some m

1. Sources of monopoly power A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero. …

1. Sources of monopoly power Aa Aa A monopoly, unlike a perfectly competitive fi

1. Sources of monopoly power Aa Aa A monopoly, unlike a perfectly competitive firm, assumes some market power. It can ralse its price, within limits without the quantity demanded …

1. Sources of monopoly power Aa Aa A monopoly, unlike a perfecty competitive fir

1. Sources of monopoly power Aa Aa A monopoly, unlike a perfecty competitive firm, assumes some market power. It can raise its price, within without the quantity demanded falling …

1. South Central Louisiana State University sold 5,000 tickets to Mud Dog footba

1. South Central Louisiana State University sold 5,000 tickets to Mud Dog football games when they charged a price of $5 per ticket. When they lowered the price to $3, they sold 7…

1. Specialization and production possibilities Suppose Japan produces only table

1. Specialization and production possibilities Suppose Japan produces only tablets and smartphones. The resources that are used in the production of these two goods are not specia…

1. Specialization and production possibilities Suppose Japan produces only table

1. Specialization and production possibilities Suppose Japan produces only tablets and smartphones. The resources that are used in the production of these two goods are not specia…

1. Specialization and trade When a country specializes in the production of a go

1. Specialization and trade When a country specializes in the production of a good, this means that it can produce this good at a lower opportunity cost than its trading partner. …

1. Specialization and trade When a country specializes in the production of a go

1. Specialization and trade When a country specializes in the production of a good, this means that it can produce this good at a lower opportunity cost than its trading partner B…

1. Stagflation is a combination of: (Points : 1) increasing unemployment and inc

1. Stagflation is a combination of: (Points : 1) increasing unemployment and increasing inflation. decreasing unemployment and decreasing inflation. increasing unemployment and de…

1. Stagflation means.----.A.inflation------------B.recession-----------C.inflati

1. Stagflation means.----.A.inflation------------B.recession-----------C.inflation and recession----------D.inflation and growth 2. The simple Keynesian model assumes that------A.…

1. Stagflation means.----.A.inflation------------B.recession-----------C.inflati

1. Stagflation means.----.A.inflation------------B.recession-----------C.inflation and recession----------D.inflation and growth 2. The simple Keynesian model assumes that------A.…

1. Stagflation means.----.A.inflation------------B.recession-----------C.inflati

1. Stagflation means.----.A.inflation------------B.recession-----------C.inflation and recession----------D.inflation and growth 2. The simple Keynesian model assumes that------A.…

1. Stagflation means.----.A.inflation------------B.recession-----------C.inflati

1. Stagflation means.----.A.inflation------------B.recession-----------C.inflation and recession----------D.inflation and growth 2. The simple Keynesian model assumes that------A.…

1. Starting at a point on the Production Possibilities Frontier, if society want

1. Starting at a point on the Production Possibilities Frontier, if society wanted to increase good X, then: A. they could not simultaneously increase their output of good y B. th…

1. Starting from a position of macroeconomic equilibrium at thefull-employment l

1. Starting from a position of macroeconomic equilibrium at thefull-employment level of real GDP, in the short run, an unanticipated decrease in the money supply will: a. raise re…

1. Starting from long-run equilibrium, a decrease in aggregatedemand: a. causes

1. Starting from long-run equilibrium, a decrease in aggregatedemand: a. causes a recessionary gap. b. results in a lower price level. c. increases unemployment. d. does all of th…

1. State whether each of the following will result in a movement along or a shif

1. State whether each of the following will result in a movement along or a shift in the aggregate demand curve, and in which direction the effect will be. State the intuition for…

1. State whether the threat effect might cause the measured union wage advantage

1. State whether the threat effect might cause the measured union wage advantage to be overstated or understated from the pure advantage. Please answer with either overstated or u…

1. State whether you agree or disagree with the following statements and explain

1. State whether you agree or disagree with the following statements and explain why. (30 points) a. When the real economy expands (Y rises), the demand for money expands. As a re…

1. State whether you agree or disagree with the following statements and explain

1. State whether you agree or disagree with the following statements and explain why. a. When the real economy expands (Y rises), the demand for money expands. As a result, househ…

1. Statement 1: Cartels occur when firms in a market cooperate with one another

1. Statement 1: Cartels occur when firms in a market cooperate with one another to set prices and quantity as if the firms were a monopoly. Statement 2: A cartel will choose to pr…

1. Statement 1: The strike is the ultimate weapon of a union. Statement 2: A fir

1. Statement 1: The strike is the ultimate weapon of a union. Statement 2: A firm that manufactures furniture would be better able to withstand a strike than a firm that produces …

1. Statistical discrimination is sometimes used by firms even though it is illeg

1. Statistical discrimination is sometimes used by firms even though it is illegal because A. It always results in the choice of the best workers for each job B. Statisticians oft…

1. Stephanie offers to pay Josh $1,000 a year from now if he will loan her money

1. Stephanie offers to pay Josh $1,000 a year from now if he will loan her money today. Assume that there is no inflation over this period. If Josh wants to earn 10% interest, the…

1. Steve’s utility function is U = BC, where B=burgers per week and C=packs of c

1. Steve’s utility function is U = BC, where B=burgers per week and C=packs of cigarettes per week. Steve’s income is $120, the price of a burger is $2, and that of a pack of ciga…

1. Store owners\' \"conditional privilege\" defense against intentional tort cla

1. Store owners' "conditional privilege" defense against intentional tort claims brought by detained shoplifting suspects, recognized by most states, usually: A. requires that the…

1. Strictly speaking, pure competition never has existed and probably never will

1. Strictly speaking, pure competition never has existed and probably never will. Then why study it? 2. Why is the equality of marginal revenue and marginal cost essential for pro…

1. Structural unemployment is the result of A) short-term movement of workers be

1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job search for first-time job seekers. C) technological change or permanent changes …

1. Structural unemployment is the result of A) short-term movement of workers be

1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job search for first-time job seekers. C) technological change or permanent changes …

1. Structural unemployment is the result of A) short-term movement of workers be

1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job search for first-time job seekers. C) technological change or permanent changes …

1. Study Questions #1. Ch1. Which of the following factors explain why the world

1. Study Questions #1. Ch1. Which of the following factors explain why the world's trading nations have become increasingly interdependent, from an economic and political viewpoin…

1. Supply and Demand in the Cell Phone Market. (Make sure to include a graph wit

1. Supply and Demand in the Cell Phone Market. (Make sure to include a graph with the initial equilibrium price and quantity and the new price and quantity as well as an explanati…

1. Supply-side economics is the belief that tax cuts can be used to stimulate lo

1. Supply-side economics is the belief that tax cuts can be used to stimulate long-run economic growth. T/F 2. Which of the following is FALSE? At the time of the Great Depression…