Economics

Suppose that most people will not speed if the expected ne is greater than $200.

Suppose that most people will not speed if the expected ne is greater than $200. Given current police practices, the probability of being caught speeding is 20%. a. How high must …

Suppose that natural real output in the country of Eudemonia grows at a steady r

Suppose that natural real output in the country of Eudemonia grows at a steady rate of 3 percent per year. In the past, velocity has been approximately constant, and the Eudemonia…

Suppose that nominal GDP equals $15 trillion, the current budget deficit is $600

Suppose that nominal GDP equals $15 trillion, the current budget deficit is $600 billion, and the net public debt/GDP ratio is 80 percent. Given that the government wishes to main…

Suppose that on April 1, 2015, the central bank of India contracted that country

Suppose that on April 1, 2015, the central bank of India contracted that country's money supply by selling bonds and increasing interest rates. Which of the answer choices gives t…

Suppose that on Jan 1 you lend $50,000 to a bank (deposit $50,000 in a savings a

Suppose that on Jan 1 you lend $50,000 to a bank (deposit $50,000 in a savings account). The savings account is paying 4% annual interest rate paid quarterly. a.) How much interes…

Suppose that on Jan 1 you lend $50,000 to a bank (deposit $50,000 in a savings a

Suppose that on Jan 1 you lend $50,000 to a bank (deposit $50,000 in a savings account). The savings account is paying 4% annual interest rate paid quarterly. a.) How much interes…

Suppose that on January 1 the exchange rate between the U.S. dollar and the Euro

Suppose that on January 1 the exchange rate between the U.S. dollar and the European Union euro was $1.40 to buy one euro. On December 31 of that year, a person needed $1.45 to bu…

Suppose that on May 21, 2014, a marble statue handmade in Japan is priced at 118

Suppose that on May 21, 2014, a marble statue handmade in Japan is priced at 118,880 JPY. The approximate U.S. dollar price of the statue would be (812%, 914%, $1,015, $1,218). If…

Suppose that on average, unemployed workers find jobs at the rate of 30% per per

Suppose that on average, unemployed workers find jobs at the rate of 30% per period and employed workers loose jobs into unemployment at a rate of 2% per period. Assume the size o…

Suppose that one year ago, Brian, a wheat farmer, obtained a loan for 1,000 bush

Suppose that one year ago, Brian, a wheat farmer, obtained a loan for 1,000 bushels of wheat at a rate of $$3.50 per bushel from the government. The simple annual interest rate at…

Suppose that over a range of prices, the price elasticity of demand varies from

Suppose that over a range of prices, the price elasticity of demand varies from 15.0 to 2.5. Over another range of prices, the price elasticity of demand varies from 1.5 to 0.75. …

Suppose that over a range of prices, the price elasticity of demand varies from

Suppose that over a range of prices, the price elasticity of demand varies from 15.0 to 2.5. Over another range of prices, the price elasticity of demand varies from 1.5 to 0.75. …

Suppose that over a range of prices, the price elasticity of demand varies from

Suppose that over a range of prices, the price elasticity of demand varies from 15.0 to 2.5. Over another range of prices, the price elasticity of demand varies from 1.5 to 0.75. …

Suppose that over the past year the price of laptop computers has fallen from $2

Suppose that over the past year the price of laptop computers has fallen from $2,000 to $1,800. Over the same time period, sales to consumers have increased from 700,000 to 800,00…

Suppose that over the past year, the price of laptop computers has fallen from $

Suppose that over the past year, the price of laptop computers has fallen from $2,000 to $1,800. Over the same time period, sales to consumers have increased from 700,000 to 800,0…

Suppose that pasta is produced under conditions of perfect competition and that

Suppose that pasta is produced under conditions of perfect competition and that the constant-cost industry is initially in long-run equilibrium. Now suppose there is an increase i…

Suppose that peanuts are produced bay large number of small farmers in a perfect

Suppose that peanuts are produced bay large number of small farmers in a perfectly competitive industry with identical technologies. The industry is currently in long run equilibr…

Suppose that peanuts are produced by a large number of small farmers in a perfec

Suppose that peanuts are produced by a large number of small farmers in a perfectly competitive industry with identical technologies. The industry is currently in long run equilib…

Suppose that peanuts are produced by a large number of small farmers in a perfec

Suppose that peanuts are produced by a large number of small farmers in a perfectly competitive industry with identical technologies. The industry is currently in long run equilib…

Suppose that peanuts are produced by a large number of small farmers in a perfec

Suppose that peanuts are produced by a large number of small farmers in a perfectly competitive industry with identical technologies. The industry is currently in long run equilib…

Suppose that peanuts are produced by a large number of small farmers in a perfec

Suppose that peanuts are produced by a large number of small farmers in a perfectly competitive industry with identical technologies. The industry is currently in long run equilib…

Suppose that people consume only three goods, as shown in this table. 1. What is

Suppose that people consume only three goods, as shown in this table. 1. What is the percentage change in the price of each of the three goods? 2. Using a method similar to the co…

Suppose that people consume only three goods, as shown in this table: Tennis Bal

Suppose that people consume only three goods, as shown in this table: Tennis Balls Gold Balls Bottle of Gatorade 2009 price 2 dollars 4 dollars 1 dollar 2009 quantity 100 100 200 …

Suppose that people consume only three goods: golf balls, clubs and Gatorade. 20

Suppose that people consume only three goods: golf balls, clubs and Gatorade. 2016 : Price of golf balls : $2 Quantity: 100, Price Clubs: $200, Quantity:10, Gatorade Price:$1, Qua…

Suppose that policy makers, for any number of reasons, are worried about the pri

Suppose that policy makers, for any number of reasons, are worried about the price of beef becoming too high. The graph of the market for beef is shown. What type of price control…

Suppose that preferences over private consumption C and public goods G are such

Suppose that preferences over private consumption C and public goods G are such that these two goods are perfect substitutes, that is, the marginal rate of substitution of public …

Suppose that price drops to $60 per unit. Use the following diagram to answer qu

Suppose that price drops to $60 per unit. Use the following diagram to answer questions 3-5. Assume that units of output are indivisible (could only be produced as a whole, like 1…

Suppose that prices are completely rigid, so that the nominal and the real inter

Suppose that prices are completely rigid, so that the nominal and the real interest rate are a. Suppose that government purchases increase, and that the central bank adjusts the m…

Suppose that prior to TIFA implementation the U.S. and Vietnam used their resour

Suppose that prior to TIFA implementation the U.S. and Vietnam used their resources to produce half of the maximum of each good, given by points (1) and (2) on the graphs. At thes…

Suppose that q=20 L=4? and K=25 is a point on the production function q=?f(L,K).

Suppose that q=20 L=4? and K=25 is a point on the production function q=?f(L,K). Is it posssible for q=20 L =4 and K =26 to also be a point on this production? function? Why or wh…

Suppose that q=40, L=5 and K=25 is a point on the production function q=f(L,K).

Suppose that q=40, L=5 and K=25 is a point on the production function q=f(L,K). Is it posssible for q=40, L=55, and K=26 to also be a point on this production function? Why or why…

Suppose that ranchers can buy up to a collective total of 200 cows and run them

Suppose that ranchers can buy up to a collective total of 200 cows and run them on the open range. The value of each cow after it has grazed is given by V= $2000-10C, where C is t…

Suppose that ranchers can buy up to a collective total of 200 cows and run them

Suppose that ranchers can buy up to a collective total of 200 cows and run them on the open range. The value of each cow after it has grazed is given by V= $2000-10C, where C is t…

Suppose that real GDP is currently $17.1 trillio n, potential GDP is $17.4 trill

Suppose that real GDP is currently $17.1 trillio n, potential GDP is $17.4 trillion, the government purchases multiplier is 2, and the tax multiplier i s -1.6. • Holding other fac…

Suppose that real GDP per capita of a rich country is $40,000. Real GDP per capi

Suppose that real GDP per capita of a rich country is $40,000. Real GDP per capita in a poor country is $10,000. Suppose that rate of growth of GDP per capita in the rich country …

Suppose that real GDP per capita of a rich country is $40,000. Real GDP per capi

Suppose that real GDP per capita of a rich country is $40,000. Real GDP per capita in a poor country is $10,000. Suppose that rate of growth of GDP per capita in the rich country …

Suppose that repeated application of a pesticide used on orange trees causes har

Suppose that repeated application of a pesticide used on orange trees causes harmful contamination of groundwater. The pesticide is applied annually in almost all of the orange gr…

Suppose that rising world oil pricesreduce short-run aggregate supply in an oil-

Suppose that rising world oil pricesreduce short-run aggregate supply in an oil-importing country andpush the economy into a recession. Which of the following might bean effective…

Suppose that savers become much more willing to purchase a certain type of munic

Suppose that savers become much more willing to purchase a certain type of municipal bond. The result will be that the bond's price will A) rise relative to the prices of U.S. Tre…

Suppose that several private cryptocurrency banks emerge in the US. These banks

Suppose that several private cryptocurrency banks emerge in the US. These banks exist completely outside outside of federal reserve system, such that they are not required to keep…

Suppose that short skirts that were fashionable in the 1990s becomeunfashionable

Suppose that short skirts that were fashionable in the 1990s becomeunfashionable in the late 2000s. If other factors were heldconstant, then there would be A. a rightward movement…

Suppose that signs of an improvement in the Japanese economy lead intermational

Suppose that signs of an improvement in the Japanese economy lead intermational investors to resume lending to the Japanese government and businesses, Policymakers, however, are w…

Suppose that society cared only about the welfare of consumers so that it wanted

Suppose that society cared only about the welfare of consumers so that it wanted to maximize consumer surplus. The government cannot force firms to produce more than the competiti…

Suppose that solar-powered car technology advances to the point that solar-power

Suppose that solar-powered car technology advances to the point that solar-powered cars become affordable for the average consumer. Due to the cost saving advantage compared to in…

Suppose that some production process requires amount of capital used is foed at

Suppose that some production process requires amount of capital used is foed at K-4 (capital is hnd for wesne of- used can change. The table below gives the relationship -"ww a"d …

Suppose that supply and demand functions for a produc are given by: Qd = 500 - 2

Suppose that supply and demand functions for a produc are given by: Qd = 500 - 2P Qs = -100 +3 1. Find the equilibrium price and quanityty. 2. If the curent pice of te product is …

Suppose that survey measures of consumer confidence Indicate a wave of pessimism

Suppose that survey measures of consumer confidence Indicate a wave of pessimism Is sweeping the country. If policymakers do nothing, what will happen to aggregate demand? What sh…

Suppose that t he price elasticity of demand for widgets is -1.5. The income ela

Suppose that t he price elasticity of demand for widgets is -1.5. The income elasticity is +3.0. The cross-price elasticity with respect to changes in the price of gadgets is -2.0…

Suppose that taxes and transfers are fixed, so that a change in the government’s

Suppose that taxes and transfers are fixed, so that a change in the government’s spending is equivalent to a change in its deficit. The multiplier is three. For each increase in t…

Suppose that the Acme Gumball Company has a fixed proportions production functio

Suppose that the Acme Gumball Company has a fixed proportions production function that requires it to use three gumball presses and two workers to produce 1000 gumballs per hours.…