Economics

1.)A major problem with state ownership of resources is that it does not: A.) Al

1.)A major problem with state ownership of resources is that it does not: A.) Allow for the full use of central economic planning B.) Let state enterprises buy resources used to m…

1.)A newspaper reports that the average price of new homes in a certain city had

1.)A newspaper reports that the average price of new homes in a certain city had decreased, and the number of new homes sold had also decreased. This situation is probably caused …

1.)Assume that a consumer purchases only two products. Suppose that the consumer

1.)Assume that a consumer purchases only two products. Suppose that the consumer's money income doubles, and the prices of the two products also double. These changes in income an…

1.)Competition denotes a condition where: a.)The diffusion of economic power lim

1.)Competition denotes a condition where: a.)The diffusion of economic power limits its potential abuse b.)There are significant hurdles to entering a market c.)A few large seller…

1.)Consider once again a profit-max, perfectly competitive firm. Its total reven

1.)Consider once again a profit-max, perfectly competitive firm. Its total revenue is $484,000. If it sells one more unit, its total revenue will be $484,220. At the quantity the …

1.)Consider the above table related to Bert\'s Hat Shop. Bert\'s is a profit-max

1.)Consider the above table related to Bert's Hat Shop. Bert's is a profit-maximizing firm in a perfectly competitive market. It charges $80 per hat to customers. A. What is the m…

1.)Consumer demand for DVDs has increased over time becausethe price of DVD play

1.)Consumer demand for DVDs has increased over time becausethe price of DVD players has: A.decreased, and DVD players and video cassette players aresubstitute goods. B.decreased, …

1.)David is willing to pay $5 for one bottle of Gatorade, $3 for the second bott

1.)David is willing to pay $5 for one bottle of Gatorade, $3 for the second bottle and $1 for the third bottle. If the price of each bottle of Gatorade is $2, what is David's cons…

1.)If in the short run a firm\'s total product is increasing,then its: A.margina

1.)If in the short run a firm's total product is increasing,then its: A.marginal product must also be increasing. B.marginal product must be decreasing. C.marginal product cound b…

1.)If the government sets the minimum price for cigarettes lower than the market

1.)If the government sets the minimum price for cigarettes lower than the market clearing price then the price received will be ____________ than equilibrium levels and the quanti…

1.)If the government sets the minimum price for cigarettes lower than the market

1.)If the government sets the minimum price for cigarettes lower than the market clearing price then the price received will be ____________ than equilibrium levels and the quanti…

1.)In a market system, which production techniques will be used by firms to prod

1.)In a market system, which production techniques will be used by firms to produce their output? a.)Those that would allow firms to maximize their profits b.)Those that would all…

1.)In the labor markets, a.)Job applicants are the \"buyers\" while employers ar

1.)In the labor markets, a.)Job applicants are the "buyers" while employers are the "sellers" b.)Job applicants are the "sellers" while employers are the "buyers" c.)Job applicant…

1.)It has been proposed that a government agency be charged with the task of det

1.)It has been proposed that a government agency be charged with the task of determining the amount of pollution which the atmosphere or a body of water can safely absorb, establi…

1.)One of the tools of monetary policy is to change the discount rate. Since 200

1.)One of the tools of monetary policy is to change the discount rate. Since 2003 the Fed has kept the federal funds rate one percentage point above the discount rate. the Fed has…

1.)Suppose the wiz-pop market is in long-run equilibrium. Suddenly, fixed costs

1.)Suppose the wiz-pop market is in long-run equilibrium. Suddenly, fixed costs decrease, although variable costs remain unchanged. Discuss the short-run and long-run changes in m…

1.)The amount of the calendar time associated with the longrun: A.is less than t

1.)The amount of the calendar time associated with the longrun: A.is less than that associated wit the immediate marketperiod. B.varies from industry to industry. C.is the same fo…

1.)The price the individual farmer will charge for a bushel of wheat when it max

1.)The price the individual farmer will charge for a bushel of wheat when it maximizes its profit is $... 2.) The marginal revenue (MR) the individual farmer will receive for a bu…

1.)What do th income effect, the substitution effect, anddiminishing marginal ut

1.)What do th income effect, the substitution effect, anddiminishing marginal utility have in common? A.All are required to explain the utility-maximizing positionof consumer. B.T…

1.)When the price of natural gas is 3.71 per mcf, an average household uses 4.67

1.)When the price of natural gas is 3.71 per mcf, an average household uses 4.67 mcf. When the price of natural gas is 4.58, an average household uses 3.52 mcf. Calculate the inte…

1.)Which of the following is not a reason why specialization and trade are benef

1.)Which of the following is not a reason why specialization and trade are beneficial to society? A.)Scarce resources are utilized more efficiently B.)Firms and workers become les…

1.)Which of the follwoing would not cause an increase the LRAS? an increase in l

1.)Which of the follwoing would not cause an increase the LRAS? an increase in land resources a decrease in govenrment regulations an improvement in technology---- this is wrong a…

1.)Which statement is correct? a.)The operation of a market system has little, i

1.)Which statement is correct? a.)The operation of a market system has little, if any, effect on the distribution of income in the economy b.)In a market system, buyers and seller…

1., A logical sarting point from which the study of international trade begins i

1., A logical sarting point from which the study of international trade begins is the principle of comparative advantage. The nation of Waterland forbids international trade. In W…

1.- In response to a negative supply shock, the government decreases taxes. The

1.- In response to a negative supply shock, the government decreases taxes. The most likely result would be A.  lower unemployment and a lower price level B.  higher unemployment …

1.. Calculate the structural and cyclical deficits from the information below. A

1.. Calculate the structural and cyclical deficits from the information below. Assume potential output is $10 trillion, the tax rate is 0.20, and government spending does not chan…

1.. Critically evaluate each of these statements: a. \"The relative decline of t

1.. Critically evaluate each of these statements: a. "The relative decline of the American Labor movement can be explained by the shift from good-producing to service-providing in…

1.. Find at least 3 cohesive (on a similar subject) articles/videos discussing a

1.. Find at least 3 cohesive (on a similar subject) articles/videos discussing a current situation in the economy.(cut and paste links right into your assignment) I must be able t…

1.. The role of the SEC in a chapter 11 bankruptcy is to assure that banks are t

1.. The role of the SEC in a chapter 11 bankruptcy is to assure that banks are treated fairly. True False 2.. Risk clusters are more than simply visual maps of risks they are sour…

1....monopolisitic competive firm maximizes profit in the short run by A) pricin

1....monopolisitic competive firm maximizes profit in the short run by A) pricing where price and marginal cost are equal B) cutting costs to increase economic profit C) all optio…

1....stragetic behavior is a characteristic of which of these markets? A) oligop

1....stragetic behavior is a characteristic of which of these markets? A) oligopoly B) monopolistic competition C) monoply D) perfect competion 2.... a natural monoply is allowed …

1...efficency in monopolistically competitive markets is evident because each fi

1...efficency in monopolistically competitive markets is evident because each firm A) becomes the first firm in the market B) produces with excess capacity C) creayes more value r…

1.00 points Question and Exercise 01-03 (algo) a Which of the following are micr

1.00 points Question and Exercise 01-03 (algo) a Which of the following are microeconomic problems? Instructions: In order to receive full credit, you must make a selection for ea…

1.00 points Word Problem 18-25 [LU 18-2 (1] May\'s Dress Shop\'s inventory at co

1.00 points Word Problem 18-25 [LU 18-2 (1] May's Dress Shop's inventory at cost on January 1 was $41,000. Its retail value was $61,000. During the year, May purchased additional …

1.1 1.2. Suppose that Jason earns rent of $750 per month from a grocery store fo

1.1 1.2.   Suppose that Jason earns rent of $750 per month from a grocery store for the use of his land for a parking lot. Jason's land is a resource that flows from: Suppose that…

1.1 Households make four kinds of economic decisions. Suppose you have two house

1.1     Households make four kinds of economic decisions. Suppose you have two households with the same income. Household A has one income earner and Household B has two income ea…

1.1 Learning Objective: Explain these three key economic ideas: People are ratio

1.1 Learning Objective: Explain these three key economic ideas: People are rational, people respond to incentives, and optimal decisions are made at the margin. 2.2 Centrally plan…

1.1 Suppose that the population over age 16 is 150 million, the number of discou

1.1 Suppose that the population over age 16 is 150 million, the number of discouraged workers is 5 million, the number of unemployed workers is 10 million, and there are 100 milli…

1.1-33 Question Help * Allison\'s Auto Art is a company that applios pinstripes

1.1-33 Question Help * Allison's Auto Art is a company that applios pinstripes to vehicles. Allison's cost for a basic 1 -color pinstriping job is $35, and she charges $95 for thi…

1.1. Which of the following is true about U.S. history prior to the 1950s? The p

1.1. Which of the following is true about U.S. history prior to the 1950s? The price level remained constant during this period. The inflation rate remained constant during this p…

1.1.(6 points) True or False (explain carefully): “According to the HO model, in

1.1.(6 points) True or False (explain carefully): “According to the HO model, international trade in a nation with a relative abundance of skilled labor and a relative scarcity of…

1.2. Allamuchy Township needs more water from Ahote Creek. The town engineer has

1.2. Allamuchy Township needs more water from Ahote Creek. The town engineer has selected two plans for comparison: a gravity plan (divert water at a point 10 miles up Ahote Creek…

1.4. Objectives refer to 1.the means by which a marketing goal is to be achieved

1.4. Objectives refer to 1.the means by which a marketing goal is to be achieved, usually characterized by a specified target market and marketing program to reach it. 2. criteria…

1.5 Katarina and Ivanna are sisters and plant lovers and have saved a total of $

1.5 Katarina and Ivanna are sisters and plant lovers and have saved a total of $640 to spend on plants for their new apartment in Miami. They have decided to use thi s money on or…

1.5. Suppose that buyer 9 (with a buyer value of $11) and seller 9 (with a selle

1.5. Suppose that buyer 9 (with a buyer value of $11) and seller 9 (with a seller cost of $9) meet and realize that the textbook is worth more to buyer 9 than to seller 9. If buye…

1.5/2012/4/2017 10:45 PM Print Calculator Score Not Set Gradeboo Question 32 of

1.5/2012/4/2017 10:45 PM Print Calculator Score Not Set Gradeboo Question 32 of 32 Sapling Learning Map Pxmark is a leading provider in the laser printer industry. Below is a plot…

1.6 Overproduction of apples causes farmers incomes to fall. This is an example

1.6 Overproduction of apples causes farmers incomes to fall. This is an example of: a) b) c) d) Perfectly elastic demand. Elastic demand. Unitary elasticity of demand. Inelastic d…

1.6 Panel A shows a PPF for two goods Xand Y. Which of the following is the reas

1.6 Panel A shows a PPF for two goods Xand Y. Which of the following is the reason why the PPF is convex? (a) The country is facing scarcity (b) The country is in a recession (c) …

1.6 Which one of the following statements is incorrect? a) Central government fo

1.6 Which one of the following statements is incorrect? a) Central government forms part of general government. b) Provincial government forms part of the public sector. c) Local …

1.7 The Cost of a Flower Business. Jen left a job paying $40,000 per year to sta

1.7 The Cost of a Flower Business. Jen left a job paying $40,000 per year to start her own florist shop in a building she owns. The market value of the building is $200,000. She p…