Economics

The government decides to use Monetary policy to contract the economy which of t

The government decides to use Monetary policy to contract the economy which of the below would be a concern A. crowding out B. liquidity trap C. Inflation D. stagflation The theor…

The government feels the price of oil is too high and passes a law that mandates

The government feels the price of oil is too high and passes a law that mandates that Exxon price its product under competitive competitions, whereby Exxon is required to set the …

The government finds that a lot of employers are prejudiced, and discriminate ag

The government finds that a lot of employers are prejudiced, and discriminate against foreign workers. The secretary of labor offers the President three options to deal with this …

The government has decided that thepareto optimal amount of CO2 is 100 cubic ton

The government has decided that thepareto optimal amount of CO2 is 100 cubic tons peryear. Currently there are 20 firms and theyproduce a total of 150 cubic tons per year. Some of…

The government has decided to take action to reduce the pollution caused by the

The government has decided to take action to reduce the pollution caused by the chemical industry. The industry is composed of profit-maximizing, perfectly competitive firms. Iden…

The government has hired you to advise them on the merits of a project that is b

The government has hired you to advise them on the merits of a project that is being proposed. The project is expected to generate benefits of $14 million today, $5 million in one…

The government has the ability to influence the level of output in the short run

The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should a…

The government has the ability to influence the level of output in the short run

The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should a…

The government imposes a new tax on fast food businesses (to be paid by the busi

The government imposes a new tax on fast food businesses (to be paid by the businesses) and healthier food options become more popular with customers. Check the answers below that…

The government is considering a regulation which would require a more stringent

The government is considering a regulation which would require a more stringent safety standard for passenger cars. The regulation imposes upfront costs on the industry in the amo…

The government is considering imposing taxes on the sellers of the following foo

The government is considering imposing taxes on the sellers of the following food products. 1. The first tax they are considering is a $1.00 per gallon tax on 2% milk. 2. The seco…

The government is considering levying a tax of $25 per unit on suppliers of eith

The government is considering levying a tax of $25 per unit on suppliers of either jeans or allergy medication. The supply curve for each of these two goods is identical and is sh…

The government is considering levying a tax of $50 per unit on suppliers of eith

The government is considering levying a tax of $50 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical and is …

The government is debating whether to spend $100 billion to reduce global warmin

The government is debating whether to spend $100 billion to reduce global warming damage 100 years from now on. It is estimated that $ 800 billion of damage will be averted. A cri…

The government is debating whether to spend $100 billion to reduce global warmin

The government is debating whether to spend $100 billion to reduce global warming damage 100 years from now on. It is estimated that $ 800 billion of damage will be averted. A cri…

The government is debating whether to spend $100 billion to reduce global warmin

The government is debating whether to spend $100 billion to reduce global warming damage 100 years from now on. It is estimated that $ 800 billion of damage will be averted. A cri…

The government just passed a new tax bill that will be applied to the economy ne

The government just passed a new tax bill that will be applied to the economy next year. Most people will not immediately feel the impact of this new tax bill and not adjust their…

The government knows the market equilibrium is at point a, however it does not k

The government knows the market equilibrium is at point a, however it does not know where the socially optimal equilibrium is. As an economist you know if there is only a positive…

The government observes that prices are steadily increasing, and needs to figure

The government observes that prices are steadily increasing, and needs to figure out if this increase in prices is due to fall in aggregate supply against stable aggregate demand …

The government of Arendelle is considering providing a social unemployment insur

The government of Arendelle is considering providing a social unemployment insurance program. In particular, they are considering two options: the first would pay any worker who l…

The government of Catalina Island is currently inviting investors to bid for the

The government of Catalina Island is currently inviting investors to bid for the exclusive right to provide cable television service to its residents. The market demand for this s…

The government of Catalina Island is currently inviting investors to bid for the

The government of Catalina Island is currently inviting investors to bid for the exclusive right to provide cable television service to its resident. The market demand for this se…

The government of Happyland collects $100 million in taxes each year, and curren

The government of Happyland collects $100 million in taxes each year, and currently has a public debt of $1.2 billion, which it finances by issuing Treasury bonds that pay 8% per …

The government of Islandia, a small island nation, imports heating oil at a pric

The government of Islandia, a small island nation, imports heating oil at a price of $2 per gallon and makes it available to citizens at a price of $1 per gallon. Islandians' dema…

The government of Mexico City recently began distributing the drug Viagra at a h

The government of Mexico City recently began distributing the drug Viagra at a highly subsidized price to low-income elederly men. Suppose that the government gives each repipient…

The government of Utah gives you permission to open your state bank named “Your

The government of Utah gives you permission to open your state bank named “Your State Bank of Utah” (YSBU). After obtaining the charter from the state, you find investors that bri…

The government of Venezuela had increased the level of government interference i

The government of Venezuela had increased the level of government interference in local markets in recent years. One measure set prices for basic goods very low, so the average Ve…

The government of a certain country wants to stimulate the use of solar panels.

The government of a certain country wants to stimulate the use of solar panels. The more solar panels are installed, the less is the country contributing to global warming. To sti…

The government of a certain country wants to stimulate the use of solar panels.

The government of a certain country wants to stimulate the use of solar panels. The more solar panels are installed, the less is the country contributing to global warming. To sti…

The government of a country is considering increasing the minimum hourly wages b

The government of a country is considering increasing the minimum hourly wages by 10 percent. Economists argue that this is going to have a negative effect on employment in the lo…

The government of a large U.S. city recently established a \'Living wage law\" t

The government of a large U.S. city recently established a 'Living wage law" that, beginning january 1 of the next year, will require all business operating within city limits to …

The government of a large U.S. city recently established a“living wage law” that

The government of a large U.S. city recently established a“living wage law” that, beginning January 1 of nextyear, will require all businesses operating within city limits topay t…

The government of a small country conducts a phone survey of randomly selected h

The government of a small country conducts a phone survey of randomly selected households and obtains the following information from citizens: S. Potter is a career soldier in the…

The government of a small country conducts a phone survey of randomly selected h

The government of a small country conducts a phone survey of randomly selected households and obtains the following information from citizens: S. Potter is a career soldier in the…

The government of a small country conducts a phone survey of randomly selected h

The government of a small country conducts a phone survey of randomly selected households and obtains the following information from citizens: S. Potter is a career soldier in the…

The government of a small country conducts a phone survey of randomly selected h

The government of a small country conducts a phone survey of randomly selected households and obtains the following information from citizens: S. Potter is a career soldier in the…

The government of a small country, Ecotopia, is investigating whether a leading

The government of a small country, Ecotopia, is investigating whether a leading telephone company, Ringabell Telco, has violated antitrust laws. Recent media reports claim that Ri…

The government of country is thinking of forming an army. For simplicity, assume

The government of country is thinking of forming an army. For simplicity, assume that country A has 100 citizens. The opportunity cost for each citizen of joining the army varies …

The government of the U.S. Virgin Islands seeks your help to evaluate two tax sc

The government of the U.S. Virgin Islands seeks your help to evaluate two tax schemes In scheme A, food is not taxed, luxury goods are taxed at 10 percent, and all other goods are…

The government of the country of Burnination is trying to encourage its workers

The government of the country of Burnination is trying to encourage its workers to work more. They first attempt an advertising campaign featuring Prime Minister Trogdor yelling a…

The government places a tax on the purchase of socks. The following graph shows

The government places a tax on the purchase of socks. The following graph shows the market for socks before the tax. Assume that neither the demand curve nor the supply curve is p…

The government proposes to pay off the national debt by printing the cash and ci

The government proposes to pay off the national debt by printing the cash and circulating over $19 Trillion dollars into the economy.Students have the freedom to design the brochu…

The government rations a variety of publicly provided private goods and impure p

The government rations a variety of publicly provided private goods and impure public goods (in which there is congestion) in a variety of ways. Discuss how each of these is ratio…

The government uses part of payroll taxes to pay for Social Security. Consider f

The government uses part of payroll taxes to pay for Social Security. Consider four workers: Mark, Jim, Paul, and Sean. The table shows their labor income and the amount they pay …

The government wants to make Medicare benefits available to more people, but to

The government wants to make Medicare benefits available to more people, but to achieve this goal, it needs to make cuts in the existing Medicare budget. The two areas where they …

The government wants to run expansionary fiscal policy (deficit spending) to ach

The government wants to run expansionary fiscal policy (deficit spending) to achieve full employment. For this purpose, the government wants to provide each unemployed person with…

The government-purchases multiplier and the MPC Consider two closed economies th

The government-purchases multiplier and the MPC Consider two closed economies that are identical except for their marginal propensity to consume (MPC). Each economy is currently i…

The government-purchases multiplier and the MPC Consider two dosed economies tha

The government-purchases multiplier and the MPC Consider two dosed economies that arc identical except for their marginal propensity to consume (MPC). Each economy is currently In…

The graph above represents the market for chicken in this country. What might ha

The graph above represents the market for chicken in this country. What might have happened to cause the change in the price and quantity of chicken (from P1 to P2, and from Q1 to…

The graph above shows the cost and demand curves for a dry-cleaner that has a mo

The graph above shows the cost and demand curves for a dry-cleaner that has a monopoly in a small town. A) Based on the previous chapter, what is 1. The profit maximizing output f…