Economics

15) Along an indifference curve A) the MRS is constant. B) the ratio of the marg

15) Along an indifference curve A) the MRS is constant. B) the ratio of the marginal utilities is constant. C) the MRS is decreasing. D) the price ratio is constant. 16) Which of …

15) Are federal budget deficits related to trade deficits? 15) A) No. The budget

15) Are federal budget deficits related to trade deficits? 15) A) No. The budget deficit is entirely a domestic matter while the trade deficit only affects US citizens who travel …

15) Assume the Marshall-Lerner condition holds. Which of the following will caus

15) Assume the Marshall-Lerner condition holds. Which of the following will cause an increase in net exports? A) an increase in govermment spending B) an increase in investment G)…

15) Autoworkers negotiate a wage increase; how does this change affect the suppl

15) Autoworkers negotiate a wage increase; how does this change affect the supply of cars? A) It decreases the supply. B) It increase the supply. C) It causes no change. D) There …

15) Consider an industry populated by identical firms, facing constant input pri

15) Consider an industry populated by identical firms, facing constant input prices, and having all the other characteristics of a perfectly competitive market. Which of the follo…

15) Economic costs of production differ from accounting costs in that A) economi

15) Economic costs of production differ from accounting costs in that A) economic costs include expenditures for hired resources while accounting costs do not. B) economic costs a…

15) If a firm makes zero economic profit, then the firm A) has total revenues gr

15) If a firm makes zero economic profit, then the firm A) has total revenues greater than its economic costs. B) must shut down. C) can be earning positive business profit. D) mu…

15) One implication from the evidence on El to date is that employers should con

15) One implication from the evidence on El to date is that employers should consider it a factor in hiring employees, especially in jobs that demand A) a high degree of social in…

15) Suppose Trader Joe\'s s supermarket raises the price of its steak and finds

15) Suppose Trader Joe's s supermarket raises the price of its steak and finds its total revenue from steak sales does the not change. This is evidence A. elastic. B. inelastic. C…

15) Suppose that the equilibrium price of pickles falls while the equilibrium qu

15) Suppose that the equilibrium price of pickles falls while the equilibrium quantity 15) rises. The most consistent explanation for these observations is: A) a decrease in the s…

15) The base pay for army recruits is $16,000 per year. The army has been recrui

15) The base pay for army recruits is $16,000 per year. The army has been recruiting 100,000 new soldiers each year. But this is found to be inadequate given the need for troops i…

15) The wage differential between the average college grad and the average high

15) The wage differential between the average college grad and the average high school grad is LARGER THAN the return an individual earms from going to college because: (A) the av…

15) When the United States imports products from a country with a wage of less t

15) When the United States imports products from a country with a wage of less than $2 a day, that country's workers are harmed. U. S. workers in the same industry are harmed. con…

15) Which of the following is true? A) Commercial banks and investment banks hav

15) Which of the following is true? A) Commercial banks and investment banks have always been owned b B) C) Commercial banks and investment banks cannot be owned today by the same…

15) Which of the following is true? a) The money multiplier is easily calculated

15) Which of the following is true? a) The money multiplier is easily calculated by the Fed. b) Monetary policy is usually not successful because the government cannot control its…

15) Which, if any, of the following production? causes a country\'s reported GDP

15) Which, if any, of the following production? causes a country's reported GDP to be less than its total economic 15)_ country's transfers expenditures A) the exclusi on of B) th…

15)4. Trade agreements encourage countries to remove tariffs. Using the followin

15)4. Trade agreements encourage countries to remove tariffs. Using the following decision box or nom payoff matrix, determine the best policies for China and the.United States. C…

15, Given the following chart and Price = S15 and wage-S30 Wage VMPL MPL 10 25 4

15, Given the following chart and Price = S15 and wage-S30 Wage VMPL MPL 10 25 45 a. Complete Table b. Identify the amount of Labor that causes diminishing marginal return Identif…

15- A market consequence of the establishment of a price floor program is that p

15- A market consequence of the establishment of a price floor program is that price will be: Question 28 options: a- too low, and an excess supply will result. b- too low, and a …

15- The fact that price and quantity demanded are related negatively illustrates

15- The fact that price and quantity demanded are related negatively illustrates the Question 15 options: a- law of supply. b- law of quantity supply. c- law of demand. d- law of …

15-Using the midpoints formula, what would be price elasticity of demand for a g

15-Using the midpoints formula, what would be price elasticity of demand for a gallbladder operation if the number of operations fell from 6,000 to 4,000 per week after its price …

15. (5 points) You are a consultant for five monopolistic firms in different ind

15. (5 points) You are a consultant for five monopolistic firms in different industries. These clients seek your advice. Using the following information decide whether the firm sh…

15. (Points: 2) A competitive firm might choose to set its price below themarket

15. (Points: 2) A competitive firm might choose to set its price below themarket price, because a. this would result in higher averagerevenue. b. thiswould result in higher profit…

15. A competitive firm sells its output for $20 per unit. The 50th unit of outpu

15. A competitive firm sells its output for $20 per unit. The 50th unit of output produced has a marginal cost of $22. If the firm sells the 50th unit, it will experience a chan…

15. A competitive firm sells its output for $20 per unit. The 50th unit of outpu

15. A competitive firm sells its output for $20 per unit. The 50th unit of output produced has a marginal cost of $22. If the firm sells the 50th unit, it will experience a chan…

15. A competitive firm sells its output for $20 per unit. The 50th unit of outpu

15. A competitive firm sells its output for $20 per unit. The 50th unit of output produced has a marginal cost of $22. If the firm sells the 50th unit, it will experience a change…

15. A firm is a in a position to pay a worker less than he/she is worth if a. It

15. A firm is a in a position to pay a worker less than he/she is worth if a. It has the ability to pay a wage less than a worker's marginal revenue product b. It has the ability …

15. A potential entrepreneur is trying to decide whether to open a new health sp

15. A potential entrepreneur is trying to decide whether to open a new health spa. She presently makes $35,000 per year as an aerobics instructor and will have to give up this job…

15. A typical firm in a monopolistically competitive industry faces the followin

15. A typical firm in a monopolistically competitive industry faces the following demand and total cost equations for its product Q= 20- 1/3 P TC= 100-5Q+ Q2 a. What is the firm’s…

15. After covering expenses and paying dividends on outstanding stock, the annua

15. After covering expenses and paying dividends on outstanding stock, the annual earnings of the Federal Reserve are (a) distributed to member commercial banks (b) given to the U…

15. Alex is playing volume his music at full volume in his dorm room. The other

15. Alex is playing volume his music at full volume in his dorm room. The other people living on his floor find this to be nuisance, but Alex does not care. Alex's music playing i…

15. An independent variable, x, explains the variation in another variable, whic

15. An independent variable, x, explains the variation in another variable, which is called the dependent variable, y a. true b. false 16. A correlation analysis allows us to meas…

15. Another supply and demand puzzle The market price of pizzas in a college tow

15. Another supply and demand puzzle The market price of pizzas in a college town decreased recently, and the students in an economics class are debating the cause of the price de…

15. Answer BRIEFLY all the questions regarding TWO of the following three papers

15. Answer BRIEFLY all the questions regarding TWO of the following three papers: (a) [Ihrig et al. (2015)] rate? Explain rate? Explain. maturities are traded. Can the Fed's overn…

15. Assume the demand for labor is relatively elastic. If there is an increase i

15. Assume the demand for labor is relatively elastic. If there is an increase in the supply of labor, the wage ratea and total labor income for those workers. rises rises decreas…

15. Assume there is no way to prevent someone from using an interstate highway,

15. Assume there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. This characteristic is called: A. Nonrival…

15. Complete description of an indifference curve\'s shape 16. The relationship