Economics
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16. ECO1050 u08q1 Question 16 (Points: 3) Which of the following are devices tha
16. ECO1050 u08q1 Question 16 (Points: 3) Which of the following are devices that the government uses to achieve a more efficient allocation of resources in the presence of extern…
16. Figure: Determining Externalities Reference: Ref 13-1 (Figure: Determining E
16. Figure: Determining Externalities Reference: Ref 13-1 (Figure: Determining Externalities) The socially optimal level of production is at point: e. b. f. g. 17. In the long run…
16. Flu shots provide a positive externality. Suppose that the market for vaccin
16. Flu shots provide a positive externality. Suppose that the market for vaccinations is perfectly competitive. Without government intervention in the vaccination market, which o…
16. Graphs of equations with two variables Aa Aa suppose that the relationship b
16. Graphs of equations with two variables Aa Aa suppose that the relationship between P and Qis glven by the equation Q so-SP. Solve the equation for P. P 10 50 O P- 10 (1/5)Q OP…
16. Gross domestic product isn\'t a perfect measure of economic well-being becau
16. Gross domestic product isn't a perfect measure of economic well-being because: (a) it does not take into account the value of things that aren't priced in markets (b) It does …
16. How prices allocate resources Suppose that there are three beachfront parcel
16. How prices allocate resources Suppose that there are three beachfront parcels of land available for sale in Huntington and six people who would each like to purchase one parce…
16. If a business sells over the web and also has a bricks-and-mortar presence i
16. If a business sells over the web and also has a bricks-and-mortar presence it is referred to as what type of operation? a. retailer b. pure-play c. bricks-and-clicks d. real-c…
16. If a firm hires labor and with its current employees W = VMPL , then profit:
16. If a firm hires labor and with its current employees W = VMPL, then profit: can be increased by hiring more labor. is maximized. can be increased by increasing the wage rate. …
16. If deficit spending does not contribute to public investment and crowds out
16. If deficit spending does not contribute to public investment and crowds out private investment, then A. Future productive capacity will be enhanced. B. The rate of economic gr…
16. If income increases, then the A. Budget line rotates counter-clockwise B. Bu
16. If income increases, then the A. Budget line rotates counter-clockwise B. Budget line rotates clockwise C. Budget line shifts to the right D. Opportunity set contracts 17. A d…
16. In a decision problem context, what does the risk analyst call the set of un
16. In a decision problem context, what does the risk analyst call the set of uncertain outcomes facing the decision maker? a. the choice set b. Probability outcomes c. Decision r…
16. In this game, Congress has four options: to pass a welfare bill, a farm subs
16. In this game, Congress has four options: to pass a welfare bill, a farm subsidy bill, or an omnibus bill that combines the farm and welfare bills; or no legislation at all. Th…
16. In which of the cases below is there the potential for a free-rider problem?
16. In which of the cases below is there the potential for a free-rider problem? (1 pt. CHOOSE 1) A) half-off sales at department stores B) voluntary payments for a smog reduction…
16. Marginal productivity theory offers an economic explanation for why a. NBA p
16. Marginal productivity theory offers an economic explanation for why a. NBA players receive higher salaries than NFL players b. NBA and NFL players receive ess…
16. Occupational crowding refers to A. Employee-based discrimination. B. Licensu
16. Occupational crowding refers to A. Employee-based discrimination. B. Licensure requirements to enter certain occupations. C. Women being intentionally segregated into particul…
16. Real GDP will increase A) only if the price level rises. B) only if the pric
16. Real GDP will increase A) only if the price level rises. B) only if the price level falls. C) only if the quantity of final goods and services produced rises. D) if either the…
16. Refer to the above diagram. A surplus would be encountered if price was in t
16. Refer to the above diagram. A surplus would be encountered if price was in the following range: A) $0.01 - $0.50. B) $0.51 - $1.00. C) Exactly $1.00. D) $1.01 and…
16. Say that the price of cocoa rises sharply at the same time that a greater qu
16. Say that the price of cocoa rises sharply at the same time that a greater quantity is consumed. What shift in demand or supply is most likely to have caused this pattern: a. a…
16. Suppose an airline determines that its customers traveling for business have
16. Suppose an airline determines that its customers traveling for business have inelastic demand and its customers traveling for vacations have an elastic demand. If the airline'…
16. Suppose that a computer manufacturer has decided to close a factory in Austi
16. Suppose that a computer manufacturer has decided to close a factory in Austin, Texas, and open a new factory in Thailand. What would best describe the state of employment for …
16. Suppose that a monopolistic seller of flux capacitors faces the inverse dema
16. Suppose that a monopolistic seller of flux capacitors faces the inverse demand curve P = 40 ? 0.5Q, and that the monopolist can produce flux capacitors at a constant marginal …
16. Suppose that the generalized demand function for good X is Qd = 60 - 2Px + 0
16. Suppose that the generalized demand function for good X is Qd = 60 - 2Px + 0.01M + 7Pr where Qd = quantity of X demanded Px = price of X M = (average) consumer income Pr = pri…
16. Suppose that the generalized demand function for good X is Qd = 60 - 2Px + 0
16. Suppose that the generalized demand function for good X is Qd = 60 - 2Px + 0.01M + 7Pr where Qd = quantity of X demanded Px = price of X M = (average) consumer income Pr = pri…
16. Suppose the short-run production function is q- 20 *L. If the wage rate is $
16. Suppose the short-run production function is q- 20 *L. If the wage rate is $10 per unit of labor, thein AVC equals L. If the wage rate is $10 per unit of labor, then 17. Suppo…
16. Table: Demand and Supply for Gloves Use the supplied table, which gives U.S.
16. Table: Demand and Supply for Gloves Use the supplied table, which gives U.S. supply and demand for gloves, to answer the following question(s). Reference: Ref 11-2 (Table: Dem…
16. The CPI differs from the GDP deflator in that the CPI is a price index, whil
16. The CPI differs from the GDP deflator in that the CPI is a price index, while the GDP deflator is an inflation index. firms show up in the CPI but not in the GDP deflator show…
16. The \"tariff of abomination\" was called such by the Southern states because
16. The "tariff of abomination" was called such by the Southern states because (a) Their Western state allies could not compete with the agricultural produce being imported under …
16. The accompanying table shows the Herfindahl-Hirschman Index (HHI) for the re
16. The accompanying table shows the Herfindahl-Hirschman Index (HHI) for the restaurant, cereal, movie and laundry detergent industries, as well as the advertising expenditures o…
16. The concept of \"macroprudential supervision\" includes which of the followi
16. The concept of "macroprudential supervision" includes which of the following procedures? CIRCLE ALL THAT APPLY (2 points) Ensuring that financial institutions have a sufficien…
16. The difference between the and the from the sale of a product is called prod
16. The difference between the and the from the sale of a product is called producer surplus. a. lowest b. pnce a firm would have been willing to accept; price it actually receive…
16. The dual banking system in the U.S. today refers to: A. the ability of banks
16. The dual banking system in the U.S. today refers to: A. the ability of banks to be either federally or state charted B. a deposit institution's decision to be either a bank or…
16. The effects of inflation are seen in A goods and services only B. wages and
16. The effects of inflation are seen in A goods and services only B. wages and income levels only C. services and wages only D. goods, services, wages and income levels 17. The d…
16. The effects of inflation are seen in A. goods and services only B. wages and
16. The effects of inflation are seen in A. goods and services only B. wages and income levels only C. services and wages only D. goods, services, wages and income levels 17. The …
16. The effects of inflation are seen in A. goods and services only B. wages and
16. The effects of inflation are seen in A. goods and services only B. wages and income levels only C. services and wages only D. goods, services, wages and income levels 17. The …
16. The high period of immigration in the first half of the 19th century was cau
16. The high period of immigration in the first half of the 19th century was caused by a. the Irish potato famine. b. political unrest in Europe. c. political unrest in China. d. …
16. The main difference between economic profit and accounting profit is: A. Eco
16. The main difference between economic profit and accounting profit is: A. Economic profit only takes into account the cost of variable inputs B. Accounting profit includes both…
16. The major earning asset of bank is: a. checkable deposits b. loans c. Certif
16. The major earning asset of bank is: a. checkable deposits b. loans c. Certificate of Deposits (CDs) d. NOW account 17. Most of the money in our economy today is: a. Checks b. …
16. The market system\'s answer to the fundamental question \"Who will get the g
16. The market system's answer to the fundamental question "Who will get the goods and services?" is essentially: A. Those willing and able to pay for them." B. Those who physical…
16. The nominal rate of interest is 9% and the real rate is 5%. The expected rat
16. The nominal rate of interest is 9% and the real rate is 5%. The expected rate of return on an investment is 8%. The firm should: A. Not undertake the investment b…
16. The process of underwriting a stock or bond issue requires that the investme
16. The process of underwriting a stock or bond issue requires that the investment bank: CIRCLE ALL THAT APPLY (5 pts) Assure investors that the issue will provide them with a hig…
16. Three costs of FDI concerns of host countries arise from all of the followin
16. Three costs of FDI concerns of host countries arise from all of the following except: A. adverse effects on competition within the host nation. B. adverse effects on the balan…
16. Three costs of FDI concerns of host countries arise from all of the followin
16. Three costs of FDI concerns of host countries arise from all of the following except: A. adverse effects on competition within the host nation. B. adverse effects on the balan…
16. Using the Keynesian Theory show the equilibrium level of price, output and e
16. Using the Keynesian Theory show the equilibrium level of price, output and employment in the Keynesian theory below the full employment level. (a) Assuming that the economy is…
16. What do real interest rates account for that nominal interest rates do not?
16. What do real interest rates account for that nominal interest rates do not? 17. Because of its vast oil reserves, Saudi Arabia is a rich country. Saudi Arabia exemplifies the …
16. What is a 12b–1 fee? Suppose you have a choice between a load fund with no a
16. What is a 12b–1 fee? Suppose you have a choice between a load fund with no annual 12b–1 fee and a no-load fund with a maximum 12b–1 fee. How would the length of your expected …
16. What is not a composent of time series? a Cyclical b. Seasonal c. Random d.
16. What is not a composent of time series? a Cyclical b. Seasonal c. Random d. Mobility 17. Judgment forecasts uses subjective inputs such as opinions from a Consumer surveys b. …
16. What is the future value of a 10-year ordinary annuity of $500 per month yea
16. What is the future value of a 10-year ordinary annuity of $500 per month year assuming an interest rate of 6% compounded monthly per year and then left for 5 more years to com…
16. What lag in discretionary policy is described in each of the following state
16. What lag in discretionary policy is described in each of the following statements? Why do long lags make discretionary policy less effective? a.) The time from when the govern…
16. What lag in discretionary policy is described in each of the following state
16. What lag in discretionary policy is described in each of the following statements? Why do long lags make discretionary policy less effective? a.) The time from when the govern…
16. When a drought hits a country and a famine is possible, what probably falls
16. When a drought hits a country and a famine is possible, what probably falls more: the demand for food or the demand for haircuts? Why? Demand for food falls more because peopl…
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