Economics

The efficient quantity of a public good is one that a) maximizes net benefit. b)

The efficient quantity of a public good is one that a) maximizes net benefit. b) minimizes total cost. c) maximizes total benefit. d) minimizes marginal cost. The marginal benefit…

The elasticity of demand for a product is likely to begreater: A.if the product

The elasticity of demand for a product is likely to begreater: A.if the product is a necessity, rather than luxurygood. B.the greater the amount of time over which buyers adjust t…

The elasticity of demand for alcoholic beverages is basically inelastic and when

The elasticity of demand for alcoholic beverages is basically inelastic and when the government (State of Federal) increases taxes, the government tax revenue increases. And in th…

The elasticity of supply is 1.7 and the elasticity of demand is .2. The tax inci

The elasticity of supply is 1.7 and the elasticity of demand is .2. The tax incidence will: primarily fall on the buyer regardless of the tax levy. primarily fall on the buyer if …

The elected officials in a west coast university town are concerned about the \"

The elected officials in a west coast university town are concerned about the "exploitative" rents being charged to college students. Currently, 2,200 apartment units are rented a…

The elections of 1866 revealed that most northern voters belived that the issues

The elections of 1866 revealed that most northern voters belived that the issues of the Civil War were in the past and Reconstruction had ended. the Southern had regained politica…

The elite theory of government maintains that ______________________. Politician

The elite theory of government maintains that ______________________. Politicians who have held office for a long time are favored by the voters Wealthy, politically powerful peop…

The energy drink industry is dominated by 4 firms, Reb Bull, Monster, Amster and

The energy drink industry is dominated by 4 firms, Reb Bull, Monster, Amster and Sobe. Their respective market shares are 70%, 6%, 5% and 4% respectively. The US Health department…

The engineering team at Manuel\'s manufacturing, Inc., is planning to purchase a

The engineering team at Manuel's manufacturing, Inc., is planning to purchase an enterprise resource planning (ERP) system. The software and installation from vendor A costs $380,…

The entry of new firms into a competitive market will Answer increase market sup

The entry of new firms into a competitive market will Answer increase market supply and increase market price. increase market supply and decrease market price. decrease market su…

The environmental protection agency of a county would like to preserve a piece o

The environmental protection agency of a county would like to preserve a piece of land as a wilderness area. The current owner has offered to lease the land to the county for 20 y…

The equation below estimates the demand for alcoholic beverages in the United Ki

The equation below estimates the demand for alcoholic beverages in the United Kingdom using annual data for 20 years (n=20). The estimated equation takes the following form (t-sta…

The equation for the original demand curve is Q=50-6.25P. Find the new demand eq

The equation for the original demand curve is Q=50-6.25P. Find the new demand equation when demand increases by 20% (Round to one decimal place). Q=___ - ___P The supply curve for…

The equation of a line is the following : y = 2 + 0.28 x 1 + 43.8 x 2 . What is

The equation of a line is the following: y = 2 + 0.28x1 + 43.8x2. What is the intercept of the line? The intercept point of the line is 2 Is this equation a straight or curvilinea…

The equation of exchange is MV = PQ, where M is the money supply, V is the veloc

The equation of exchange is MV = PQ, where M is the money supply, V is the velocity of money, P is the price level, and Q is real GDP. The island economy of Monet is rather simple…

The equation of exchange is an identity that relates the money supply, velocity,

The equation of exchange is an identity that relates the money supply, velocity, the price level, and real output. An identity is something that is true by definition. One group o…

The equation of exchange is given by where M is the money supply, V is the veloc

The equation of exchange is given by where M is the money supply, V is the velocity of money, P is the price level, and Y is the real GDP The following figure shows the aggregate …

The equation of exchange, MV?PQ, seems to readily explain inflation. Why is infl

The equation of exchange, MV?PQ, seems to readily explain inflation. Why is inflation such a difficult problem in so many economies? Do some research to find an industry or firm, …

The equation>> for an Inverse demand curve and an inverse supply curve of cigare

The equation>> for an Inverse demand curve and an inverse supply curve of cigarettes are at follows: p^a(q) - 27-q (p) = (q) = 3 + 1/2q Find the equ· Ubrium quantity q^* and…

The equilibrium level of output in the economy of Goata is $4,000 billion. Econo

The equilibrium level of output in the economy of Goata is $4,000 billion. Economic data indicate that full-employment output is $4,500 billion and that an increase in aggregate d…

The equilibrium of the Bertrand model with differentiated goods is found by: sol

The equilibrium of the Bertrand model with differentiated goods is found by: solving for the intersection of the reaction curves in which each good's quantity is expressed as func…

The equilibrium output level is determined in the goods market and the equilibri

The equilibrium output level is determined in the goods market and the equilibrium interest rate is determined in the money market. True False Which statement is false? Ceteris pa…

The equilibrium price in a market characterized by oligopolyis a.higher than in

The equilibrium price in a market characterized by oligopolyis a.higher than in monopoly markets and higher than in perfectlycompetitive markets b.higher than in monopoly markets …

The equilibrium price is $ and the equilibrium quantity is million crates. How m

The equilibrium price is $ and the equilibrium quantity is million crates. How much revenue do kumquat producers receive when the market is in equilibrium? Kumquat producers recei…

The equilibrium price of a drug is $10 a unit. A price ceiling is implemented by

The equilibrium price of a drug is $10 a unit. A price ceiling is implemented by the government – drug cannot be sold for more than a unit price of $2. Based upon the current sale…

The equilibrium price of peanut butter is $5. A study comes out that says the fa

The equilibrium price of peanut butter is $5. A study comes out that says the fat in peanut butter is good for the heart. Holding all other factors constant, which of the followin…

The equilibrium quantity in markets characterized by oligopolyis a.higher than i

The equilibrium quantity in markets characterized by oligopolyis a.higher than in monopoly markets and higher than in perfectlycompetitve markets. b.higher than in monopoly market…

The equilibrium rate of interest as determined in the loanable funds theory of i

The equilibrium rate of interest as determined in the loanable funds theory of interest will fall if: The supply of loanable funds increases with the demand curve unchanged The su…

The essay should emphasize quality rather than quantity, and its structure shoul

The essay should emphasize quality rather than quantity, and its structure should contain 3 sections: Introduction, Economic Analysis and Conclusion. The introduction should be ju…

The essence of the principal-agent problem when discussing managerial compensati

The essence of the principal-agent problem when discussing managerial compensation is the tradeoff that exists between efficiency and risk. Using a simple model of a risk-averse i…

The estimate of the natural rate of unemployment in the united states is around

The estimate of the natural rate of unemployment in the united states is around Select one: 3% 8-8.5% 5%-5.5% 13% Which of the following is true regarding the Federal Reserve Sele…

The estimate of the natural rate of unemployment in the united states is around

The estimate of the natural rate of unemployment in the united states is around Select one: 3% 8-8.5% 5%-5.5% 13% Which of the following is true regarding the Federal Reserve Sele…

The estimated demand for a good is, Q =25–5P+.32M+12Pr, where Q is the quantity

The estimated demand for a good is, Q =25–5P+.32M+12Pr, where Q is the quantity demanded of the good, P is the price of the good, M is income, and Pr is the price of related good.…

The estimated market demand for good X is Q=8,000-25P-0.12M-30Pg where is the es

The estimated market demand for good X is Q=8,000-25P-0.12M-30Pg where is the estimated number of units of good X demanded, P is the price of the good, M is income, and is the pri…

The estimated potential real GDP is approximately $14 trillion and the current r

The estimated potential real GDP is approximately $14 trillion and the current real GDP is approximately $12.5 trillion. In the current political mood in the U.S. there has been i…

The euro/dollar exchange rate is €1 = $1.20. If a trader buys a camera that reta

The euro/dollar exchange rate is €1 = $1.20. If a trader buys a camera that retails for $300 in New York and sells it for €200 in Berlin (ignoring transaction costs, transportatio…

The example of the prisoner\'s dilemma is primarily meant to demonstrate The dif

The example of the prisoner's dilemma is primarily meant to demonstrate The difficulty of maintaining cooperation in decisions that involve strategic interdependence The concept t…

The example of third-degree price discussed (sftdes 280-281) dealt with the situ

The example of third-degree price discussed (sftdes 280-281) dealt with the situation where two different groups of consumers had different demand characteristics One group (senio…

The exchange rate affects international bond markets in two ways because: The ex

The exchange rate affects international bond markets in two ways because: The exchange rate determines how much domestic residents need to pay for foreign bonds and also how much …

The exchange rate as an automatic stabilizer Consider an economy that suffers a

The exchange rate as an automatic stabilizer Consider an economy that suffers a fall in business confidence (which tends to reduce investment). Let UIP stand for the uncovered int…

The exchange rate at the beginning of a year between the Indian Rupee (R) and th

The exchange rate at the beginning of a year between the Indian Rupee (R) and the U.S. dollar is R43.125/$. The annual inflation rates in India and in the United States are 19 per…

The exchange rate between Korean and the USD is currently 1,100 Won = $1, and th

The exchange rate between Korean and the USD is currently 1,100 Won = $1, and the exchange rate between the Pound and USD is .70 pound = 1 USD. The exchange rate for the Won and U…

The exchange rate between the U.S. and Japan is floating, e.g. determined by the

The exchange rate between the U.S. and Japan is floating, e.g. determined by the market. Suppose the U.S. government inposes import quotas on Japanese products. Answer the followi…

The exchange rate between yen and the dollar is 122 yen per dollar. If a big mac

The exchange rate between yen and the dollar is 122 yen per dollar. If a big mac coke cost $3,90 in Milwaukee, how much would the same order cost in yen Osaka? a.692 b.476 c. 392 …

The exclusionary rule prohibits the introduction of improperly seized evidence a

The exclusionary rule prohibits the introduction of improperly seized evidence at trial. The following scenario illustrates how the exclusionary rule works: Jeff owns a pawnshop w…

The executives of the XYZ Company are attempting to determine the economically b

The executives of the XYZ Company are attempting to determine the economically best process-control computer to purchase for one of their production lines. The choice has been nar…

The exhibit below shows the aggregate supply and aggregate demand of a country.

The exhibit below shows the aggregate supply and aggregate demand of a country. If a decrease in labor supply shifts the aggregate supply curve 2,000 units to the left at each pri…

The exhibit given below shows the short-run aggregate demand and supply curves i

The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run aggregate supply curve, LRAS. The economy was initially…

The existence of goods of \'secondary marketability and the attempt to the heigh

The existence of goods of 'secondary marketability and the attempt to the height of individual cash holdings explains the emer gence o a.) the debtors' risk premium b.) the deflat…

The expansionary effect on the economy that results from a government budget def

The expansionary effect on the economy that results from a government budget deficit is known as a fiscal stimulus. True False Fiscal policy deals with a. interest rates b. the mo…