Economics

1.Consider the information in the attached file. The marginal cost of producing

1.Consider the information in the attached file. The marginal cost of producing the 5th unit is ?dollars. 2.Consider the information in the attached file. The average variable cos…

1.Consider the production possibilities frontier. The efficient points are the o

1.Consider the production possibilities frontier. The efficient points are the ones that are either on or inside the frontier. 2.If Country A is absolutely better at producing eve…

1.Contractionary monetary policy causes a short-run _____ in interest rates in t

1.Contractionary monetary policy causes a short-run _____ in interest rates in the short run and _____ in interest rates in the long run increase: an increase, increase: no change…

1.Demand a. The law of demand states there is a(n) ________________________relat

1.Demand a. The law of demand states there is a(n) ________________________relationship between the ________________ of X and the _________________________ of X, ceteris paribus I…

1.Describe what Institutional structures, growth determinants and productivity c

1.Describe what Institutional structures, growth determinants and productivity changes are place in Cuba and explain how these items affect economic growth. 2.Describe what Instit…

1.Discuss the four basic elements/ factors in economic growth . 2. Define capita

1.Discuss the four basic elements/ factors in economic growth . 2. Define capital deepening and explain why it tends to increase the real wage paid to labor and reduce the return …

1.Discuss the moral and economic implications involved in the movement. 2.Analyz

1.Discuss the moral and economic implications involved in the movement. 2.Analyze each of the implications identified above against the utilitarian, Kantian, and virtue ethics to …

1.Discuss the pros and cons of the two “advanced” forms of estimating energy dem

1.Discuss the pros and cons of the two “advanced” forms of estimating energy demand. What do they excel at and where are they lacking? How might policy changes be built into the m…

1.During a recession, if a government uses an expansionary fiscal policy to incr

1.During a recession, if a government uses an expansionary fiscal policy to increase GDP, the: aggregate supply curve will shift to the right. aggregate supply curve will shift to…

1.Earnings gaps can be explained by all of the follow factors, EXCEPT A.life-cyc

1.Earnings gaps can be explained by all of the follow factors, EXCEPT A.life-cycle wage pattern. B.wage discrimination. C.personal savings. D.location and lifestyle. E.human capit…

1.Economists distinguish between normal and inferior goods using a. price elasti

1.Economists distinguish between normal and inferior goods using a. price elasticity of demand b. price elasticity of supply c. income elasticity of demand d. cross-price elastici…

1.Engage your group members in a discussion of the following question: Should th

1.Engage your group members in a discussion of the following question: Should the federal government be allowed to enforce its marijuana laws in states that have legalized recreat…

1.Explain how our ability to do process and product innovation might be impacted

1.Explain how our ability to do process and product innovation might be impacted by a slow growth / no growth economy, and what we can do about the problem. a. How is innovation i…

1.Explain if it matters that a parent literally had nothing to do with a biologi

1.Explain if it matters that a parent literally had nothing to do with a biological child in order for the child to take advantage of the Family and Medical Leave Act (FMLA) to ca…

1.Explain the cause of our current recession in your own words. 2- out of what y

1.Explain the cause of our current recession in your own words. 2- out of what you've learned in EC101 what do you think the best solution for this reccesion? Explain 3- Do you fe…

1.Explain the effects of inflation, interest rates, exchanges rates and consumer

1.Explain the effects of inflation, interest rates, exchanges rates and consumer demand on international trade and the economy in terms of trade deficits and surpluses. Include co…

1.Explain what would be the effect on the dollar/euro exchange rate if economicg

1.Explain what would be the effect on the dollar/euro exchange rate if economicgrowth increased in the EMU but not in the United States. 2.Explain what would be the effect on the …

1.Factors of production are A.goods and services. B.used to make goods and servi

1.Factors of production are A.goods and services. B.used to make goods and services    C.purchased by the consumer for personal use. D.sold by the consumer for income. E.the prope…

1.Firms make credible commitments by taking _________________, _______________ a

1.Firms make credible commitments by taking _________________, _______________ actions. a.irreversible, unconditional b.reversible, uncontrollable c.reversible, believable d.costl…

1.Firms with market power engage in price discrim­ination because they want to a

1.Firms with market power engage in price discrim­ination because they want to    a.offer their products to low-income buyers at the lowest price without suffering a loss    b.off…

1.Fiscal policy advisor Jones wants to increase aggregate demand while monetary

1.Fiscal policy advisor Jones wants to increase aggregate demand while monetary policy advisor Smith wants to reduce aggregate demand. Which of the following combinations of fisca…

1.For a $240,000 loan with monthly payments, at 8% interest for 25 years, the bo

1.For a $240,000 loan with monthly payments, at 8% interest for 25 years, the borrower had to pay 2 points in origination fees at the time the loan was made. If that loan is paid …

1.For an economy, operating outside the production possibilities frontier: possi

1.For an economy, operating outside the production possibilities frontier: possible only when people cooperate with each other. is caused by inefficient use of resources. If resou…

1.For each of the determinants of demand in Equation 2.1, identify an example il

1.For each of the determinants of demand in Equation 2.1, identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius.…

1.For the cost function C(Q) = 500 + 12Q + 4Q 2 + Q 3 , what is the marginal cos

1.For the cost function C(Q) = 500 + 12Q + 4Q2 + Q3, what is the marginal cost of producing the eighth unit of output? D.$852 Suppose that production for good X is characterized b…

1.For which of the following decisions would marginal analysis be relevant? A) s

1.For which of the following decisions would marginal analysis be relevant? A) spending $1,000 on a summer vacation or on painting your house B) the same amount C) More D) None 2.…

1.For which of the following decisions would marginal analysis be relevant? A) s

1.For which of the following decisions would marginal analysis be relevant? A) spending $1,000 on a summer vacation or on painting your house B) the same amount C) More D) None 2.…

1.Gary\'s autonomous consumption is $12,000 and his disposable income is $140,00

1.Gary's autonomous consumption is $12,000 and his disposable income is $140,000. If Gary consumes $145,000 worth of goods, what is his Marginal Propensity to Save? Select one: a.…

1.Give an example of something that is a good for one person and a bad for someo

1.Give an example of something that is a good for one person and a bad for someone else. 2.Explain the link between scarcity and each of the following: (a) choice, (b) opportunity…

1.Have you seen signs of prejudice and discrimination directed in any countries

1.Have you seen signs of prejudice and discrimination directed in any countries you have visited? 2. What do you think is the origin of the term “gyp” meaning “to cheat?” 3. Do yo…

1.How do colleges and universities implement the marketing concept? Cite some ex

1.How do colleges and universities implement the marketing concept? Cite some examples of marketing activities at a college or university of your choice. 2.Investigate further the…

1.How do gross domestic product and gross national product differ? A .Gross nati

1.How do gross domestic product and gross national product differ? A.Gross national product does not include depreciation. B. Gross domestic product does not include intermediate …

1.How do gross domestic product and gross national product differ? A .Gross nati

1.How do gross domestic product and gross national product differ? A.Gross national product does not include depreciation. B. Gross domestic product does not include intermediate …

1.How do gross domestic product and gross national product differ? A .Gross nati

1.How do gross domestic product and gross national product differ? A.Gross national product does not include depreciation. B. Gross domestic product does not include intermediate …

1.How does opting for the insurance on the rental change a person\'s perception

1.How does opting for the insurance on the rental change a person's perception of risk? 2.1) Please comment on why the taxpayer resources might be squandered by Solyndra & our…

1.How would GDP increase without there also being and increase in real GDP? a. T

1.How would GDP increase without there also being and increase in real GDP? a. The rate of population growth matched the rate of growth in output. b. the rate of population growth…

1.How would a $10 increase in an avoidable per-unit fixed cost effect a price-ta

1.How would a $10 increase in an avoidable per-unit fixed cost effect a price-taking firm's supply curve? a.MC would increase by $10, and AC would not change. b.AC would increase …

1.I offer some reasons that the intrinsic value that you might calculate with th

1.I offer some reasons that the intrinsic value that you might calculate with the methodologies learned might yield a price difference than what the stock trades at in the stock m…

1.Identify a real, existing business organization – make your individual choice,

1.Identify a real, existing business organization – make your individual choice, not with your group, and not the business your group is working on. a.Explain the mission of the b…

1.Identify three macroeconomic variables in the United States that impact the su

1.Identify three macroeconomic variables in the United States that impact the supply and/or demand of the product or service produced by the company you selected for your microeco…

1.Identify two demand-related and two supply-related reasons why the equilibrium

1.Identify two demand-related and two supply-related reasons why the equilibrium price of automobiles would rise. 2.Using the example of the gasoline market, explain how price act…

1.If Canada\'s economy doubled in size every 24 years, what approximately is the

1.If Canada's economy doubled in size every 24 years, what approximately is the annual economic growth in Canada? Select one: a. 2.4% b. 3.0% c. 3.6% d. 4.4% e. 7.2% 2.Use the inf…

1.If ICC is a horizontal line, a. Y is an inferior good. c X is an inferior good

1.If ICC is a horizontal line, a.     Y is an inferior good.                          c X is an inferior good b.     Y is an income neutral good.             d X is a perfectly in…

1.If a $10 sales tax is imposed on a good and the equilibrium price increases by

1.If a $10 sales tax is imposed on a good and the equilibrium price increases by $10, the tax is paid fully by…………. 2.Sales taxes are usually collected from sellers, who view the …

1.If a $10 sales tax is imposed on a good and the equilibrium price increases by

1.If a $10 sales tax is imposed on a good and the equilibrium price increases by $10, the tax is paid fully by…………. 2.Sales taxes are usually collected from sellers, who view the …

1.If a firm is producing where MR > MC Answer A. the revenue gained by producing

1.If a firm is producing where MR > MC Answer A. the revenue gained by producing one more unit of output exceeds the cost incurred by doing so. B. the revenue gained by produci…

1.If a firm’s sales revenue falls after lowering the price of its product, the d

1.If a firm’s sales revenue falls after lowering the price of its product, the demand for its product is? A. Price elastic B. Price Inelastic C. Unitary price elastic D. Represent…

1.If individual income tax accounts for more total revenue than the payroll tax

1.If individual income tax accounts for more total revenue than the payroll tax in the U.S., why would over half the households in the country pay more in payroll taxes than in in…

1.If one U.S. dollar exchanges for 90 yen (approximately the rate as of Nov. 24

1.If one U.S. dollar exchanges for 90 yen (approximately the rate as of Nov. 24 2009), then what would it cost to purchase a Toyota Camry priced at 4 million yen? (Use whole numbe…

1.If one U.S. dollar exchanges for 90 yen (approximately the rate as of Nov. 24

1.If one U.S. dollar exchanges for 90 yen (approximately the rate as of Nov. 24 2009), then what would it cost to purchase a Toyota Camry priced at 4 million yen? (Use whole numbe…