Economics

13 If the price of gasoline increases and car dealers experience a decrease in d

13 If the price of gasoline increases and car dealers experience a decrease in demand for sport utility vehicles, then gasoline and sport utility vehicles are: Select one: a. subs…

13 In a single-payer system, the government covers the cost of a/all health care

13 In a single-payer system, the government covers the cost of a/all health care through borrowing. b/ all health care through taxes. c/ most health care through borrowing. d/ mos…

13 In one hour, Sue can produce 50 caps or 10 jackets and Tessa can produce 70 c

13 In one hour, Sue can produce 50 caps or 10 jackets and Tessa can produce 70 caps or 7 jackets Sue's opportunity cost of producing a cap is cost of producing a cap is jackets ja…

13 Suppose the growth rate of the firm\'s profit is 3%, the interest rate is 7%,

13 Suppose the growth rate of the firm's profit is 3%, the interest rate is 7%, and the current profits of the firm are 150 million dollars: What is the value of the firm? A) $296…

13 The Dakota Corporation had a 2015 taxable Income of $13,000,000 from operatio

13 The Dakota Corporation had a 2015 taxable Income of $13,000,000 from operations after all operating costs but before() interest charges of $3,100,000, (2) dividends received of…

13 value: 10.00 points Mojo Industries tracks the number of units purchased and

13 value: 10.00 points Mojo Industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the time of each…

13) 13) 2 4 0 Output In the figure, curves 1, 2, 3, and 4 represent the: A) MC,

13) 13) 2 4 0 Output In the figure, curves 1, 2, 3, and 4 represent the: A) MC, AFC, AVC, and ATC curves respectively B) ATC, AVC, AFC, and MC curves respectively C) ATC, MC, AFC,…

13) 13) Price discrimination A) is a form of pricing where consumers pay differe

13) 13) Price discrimination A) is a form of pricing where consumers pay different prices for a good B) is when consumers use prices to discriminate between different quality prod…

13) A profit maximizing firm is producing 40 unats of stuff using $3/unit and th

13) A profit maximizing firm is producing 40 unats of stuff using $3/unit and the price of labor is $10. What is the average varia t0 units of Sabor he pice of sisi1 A) S3 B) $5 C…

13) An inflationary gap can theoretically close on its own because. a) Aggregate

13) An inflationary gap can theoretically close on its own because. a) Aggregate supply will gradually shift to the right as input prices decrease in the time of inflation. b) Agg…

13) An insurance company has been asked to insure a house worth $100,000. There

13) An insurance company has been asked to insure a house worth $100,000. There is a 20% probability that the house may burn down in a fire. What is the actuarially fair total pre…

13) Grossnickle Corporation issued 20-year, noncallable, 7.5% annual coupon bond

13) Grossnickle Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 4.5%…

13) If a person selling bonds to the Fed cashes the Fed\'s check, then reserves

13) If a person selling bonds to the Fed cashes the Fed's check, then reserves ________ and currency in circulation ________, everything else held constant. A) increase; remains u…

13) Open market purchase will result in: A) increase in bank reserves and a decr

13) Open market purchase will result in: A) increase in bank reserves and a decrease in the federal funds rate. B) increase in bank reserves and an increase in the federal funds r…

13) Pierre, a Frenchman with a weakness for champagne, recently received a raise

13) Pierre, a Frenchman with a weakness for champagne, recently received a raise. His income rose from $25,000 to $40,000 a year. As a result, Pierre's consumption of Andre Champa…

13) Saving equals A) disposable income minus taxes. B) disposable income minus c

13) Saving equals A) disposable income minus taxes. B) disposable income minus consumption spending. C) disposable income minus savings. D) consumption spending minus savings. 14)…

13) The quantity effect of a price reduction causes: A) a decrease in revenue be

13) The quantity effect of a price reduction causes: A) a decrease in revenue because of a lower price. B) an increase in revenue because of increased sales. C) an increase in lab…

13) When the rental rate for capital falls, the ________ capital ________. A) qu

13) When the rental rate for capital falls, the ________ capital ________. A) quantity demanded of; decreases B) quantity demanded of; increases C) demand for; increases D) demand…

13) Which of the following institutions has the responsibility for distributing

13) Which of the following institutions has the responsibility for distributing currency and coins to the 13) U.S. banking system? A) the Federal Reserve System B) the U.S. Bureau…

13) Which of the following is an example of contractionary monetary policy? a) A

13) Which of the following is an example of contractionary monetary policy? a) An increase in the rate of required reserves. b) Buying treasury bills. c) Selling treasury bills. d…

13) Which of the following is correct? 13) L. Marginal benefit is the benefit th

13) Which of the following is correct? 13) L. Marginal benefit is the benefit that a person receives from consuming one more unit of a good. IL. The marginal benefit of a pizza is…

13) Which of the following is correct? L Marginal benefit is the benefit that a

13) Which of the following is correct? L Marginal benefit is the benefit that a person receives from consuming one The marginal · benefit of a pizza is the amount of another good …

13)Which of the following cause(s) a decrease in the demand side equilibrium GDP

13)Which of the following cause(s) a decrease in the demand side equilibrium GDP? a)A stronger home currency. b)A weaker home currency. c)An increase in the real interest rate. d)…

13- Given a production possibilities curve, a point: Question 13 options: a- ins

13- Given a production possibilities curve, a point: Question 13 options: a- inside the curve represents unemployment. b- on the curve represents full employment. c- outside the c…

13-13 The Clap Chemical Company needs a large insulated stainless steel tank to

13-13 The Clap Chemical Company needs a large insulated stainless steel tank to expand its plant. A recent closed brewery has offered to sell their tank for $15,000 delivered. The…

13-28 Bill\'s father read that each year a car\'s value declines by 10%. He also

13-28 Bill's father read that each year a car's value declines by 10%. He also read that a new car's value declines by 10% as it is driven off the dealer's lot. Mainte- nance cost…

13-An increase in total revenue results occurs from which of the following? Ques

13-An increase in total revenue results occurs from which of the following? Question 13 options: a- Price decreases when demand is inelastic. b- Price increases when demand is ela…

13. (2.0 pts)) According to the Mundell–Fleming model for a small open economy w

13. (2.0 pts)) According to the Mundell–Fleming model for a small open economy with flexible exchange rates, if the Federal Reserve cannot alter domestic interest rates, changes i…

13. (Scenario: Assets and Liabilities of the Banking System) According to the sc

13. (Scenario: Assets and Liabilities of the Banking System) According to the scenario Assets and Liabilities of the Banking System, suppose that the reserve when the Fed buys $25…

13. A bank temporarily short of required reserves may be able to remedy this sit

13. A bank temporarily short of required reserves may be able to remedy this situation by: A. borrowing funds in the Federal funds market. B. granting new loans. C. shifting some …

13. A firm\'s total product curve shows A) that inefficiency is not possible. B)

13. A firm's total product curve shows A) that inefficiency is not possible. B) how the cost of the fixed resources change when output changes. C) how the amount of output changes…

13. According to the theory of purchasing power parity, a rate of inflation that

13. According to the theory of purchasing power parity, a rate of inflation that was persistently higher in Australia than in the United States is likely to lead to a. an apprecia…

13. An economic theory claims that a rise in gasoline prices will cause gasoline

13. An economic theory claims that a rise in gasoline prices will cause gasoline purchases to fall, Ceteris paribus. The phrase "Ceteris paribus" means that: a. other relevant fac…

13. An economist favoring an active approach who observes a drop in real GDP cau

13. An economist favoring an active approach who observes a drop in real GDP caused by a decrease in aggregate demand is most likely to think that a· the economy will recover by i…

13. Application: Demand elasticity and agriculture Consider the market for soybe

13. Application: Demand elasticity and agriculture Consider the market for soybeans. The following graph shows the weekly demand for soybeans and the weekly supply of soybeans. Su…

13. Based on your completion of the following table, please answer the question

13. Based on your completion of the following table, please answer the question below. The % change in price for Laptops is: Item                      Unit Price            This Y…

13. Because culture is not directly observable A. it is best learned about by ob

13. Because culture is not directly observable A. it is best learned about by observation of how it manifests itself. B. it is best ignored in foreign sales, to avoid mistakes. C.…

13. Both Schumpeter and __________ believed change was endogenous to the economi

13. Both Schumpeter and __________ believed change was endogenous to the economic system. a.   Walras b.   Jevons c.   Marshall d.   Marx 14. To Schumpeter, the chief cause of dis…

13. Chile and Argentina each produce jellybeans and peanut butter, using labor a

13. Chile and Argentina each produce jellybeans and peanut butter, using labor as their only resource. Each country has 1,000 hours of labor. In Chile, an hour produces a pound of…

13. China pegs it currency to the dollar. As a result: The dollar is undervalued

13. China pegs it currency to the dollar. As a result: The dollar is undervalued and this helps to lower the price of U.S. exports to China’s consumers The dollar is overvalued an…

13. Choose the best answer to the following multiple choice questions. A nation

13. Choose the best answer to the following multiple choice questions. A nation will experience economic growth if it does each of the following things except ______. A. develop b…

13. Consider Bill and Ted, the two citizens in the country of Adventureland desc

13. Consider Bill and Ted, the two citizens in the country of Adventureland described in Problem 9 from Chapter 1. Suppose that Bill and Ted have the same utility function U(Y) = …

13. Donald, who is risk-averse, works in an ice-cream shop. The owner of the sho

13. Donald, who is risk-averse, works in an ice-cream shop. The owner of the shop, who is risk- neutral, cannot observe how hard Donald works. She pays Donald a fixed monthly sala…

13. Driving along America\'s interstates, you\'ll notice that few rest areas fea

13. Driving along America's interstates, you'll notice that few rest areas feature commercial businesses in these areas. Vending machines are the only reliable source of food or d…

13. ECO1050 u09q1 Question 13 (Points: 3) What happens if the wage rate increase

13. ECO1050 u09q1 Question 13 (Points: 3) What happens if the wage rate increases? (3 points). 1. There is a movement upward along the supply of labor curve. 2. The supply of labo…

13. Economic analysis that takes into consideration linkages between markets is

13. Economic analysis that takes into consideration linkages between markets is called ? A. partial equilibrium anaylysis B. input output analysis C. general equilibrium analysis …

13. Factors that influence dividend policy Aa Distribution decisions are complic

13. Factors that influence dividend policy Aa Distribution decisions are complicated and involve the understanding of critical strategic factors that affect the policy and value o…

13. Firms operating in competitive markets produce output levels where marginal

13. Firms operating in competitive markets produce output levels where marginal revenue equals a. Price. b. Average revenue. c. Total revenue divided by output. d. All of the abov…

13. Firms will enter the industry under which of the following conditions? a. Pr

13. Firms will enter the industry under which of the following conditions? a. Price is less than average variable cost b. Price is greater than average total cost c. Price is less…

13. For a firm in a perfectly competitive market, the price of the good is alway

13. For a firm in a perfectly competitive market, the price of the good is always 14 December 2017 A. equal to marginal revenue. Fall 2017/2018 B. equal to total revenue. 02E/11E/…