Economics

2. In January 2010, the approximate value of U.S. oil imports was $26.5 billion.

2. In January 2010, the approximate value of U.S. oil imports was $26.5 billion. In January 2011, the approximate value of U.S. oil imports was $35.2 billion. a) Give the informat…

2. In Question #1 above, your first move as CEO is to develop recyclable packagi

2. In Question #1 above, your first move as CEO is to develop recyclable packaging for your fast-food products. Answer the following questions in regard to such a move: a. What ar…

2. In Zagora, a worker can produce either 5 books or 10 gadgets in an hour. In P

2. In Zagora, a worker can produce either 5 books or 10 gadgets in an hour. In Plovdiv, a worker can produce either 3 books or 5 gadgets in an hour. Which statement about this sit…

2. In a flexible exchange rate regime, when the exchange rate increases the dome

2. In a flexible exchange rate regime, when the exchange rate increases the domestic currency is a. Overvalued b. Appreciated c. Depreciated d. Undervalued 3. Assuming the validit…

2. In a market for a dirty good, the inverse demand function is given by p = 100

2. In a market for a dirty good, the inverse demand function is given by p = 100-y, and the private marginal cost of production is given by MC10 y. The pollution enerated by this …

2. In a small town there are only 2 TV stations (no cable!). At a certain time,

2. In a small town there are only 2 TV stations (no cable!). At a certain time, each has the choice of broadcasting Sports or Ballet, 70% of the market likes Sports and hates Ball…

2. In autarky, the domestic economy has a single producer of aluminum. Without t

2. In autarky, the domestic economy has a single producer of aluminum. Without trade this firm can and does operate like a monopoly. Its operating conditions can be completely des…

2. In autarky, the domestic economy has a single producer of aluminum. Without t

2. In autarky, the domestic economy has a single producer of aluminum. Without trade this firm can and does operate like a monopoly. Its operating conditions can be completely des…

2. In each of the following cases, state (i) whether the action is happening in

2. In each of the following cases, state (i) whether the action is happening in the goods market, the labor market, or the financial capital market, and (ii) whether it is on the …

2. In each scenario determine the effects (up/down/no change) on the CPI and the

2. In each scenario determine the effects (up/down/no change) on the CPI and the GDI Impact on CPI | Impact on GDP Deflator A. Starbucks raises the price of Frappuccinos B. Caterp…

2. In one year in the country of Countem, workers earned S4150, proprieteor\'s i

2. In one year in the country of Countem, workers earned S4150, proprieteor's income was $392, rental income was $20, corporate profits were $683, net interest was $228, taxes on …

2. In the United States, 2007 was a bad year for growing wheat. And as wheat sup

2. In the United States, 2007 was a bad year for growing wheat. And as wheat supply decreased, the price of wheat rose dramatically, leading to a lower quantity demanded (a moveme…

2. In the United States, 2007 was a bad year for growing wheat. And as wheat sup

2. In the United States, 2007 was a bad year for growing wheat. And as wheat supply decreased, the price of wheat rose dramatically, leading to a lower quantity demanded (a moveme…

2. In the capitalist societies, social planning has contributed to market effici

2. In the capitalist societies, social planning has contributed to market efficiencies. A-Tue 3. Ceters aribu an increase in disposable income is mostikely to datu 14 4. Suppose t…

2. In the diagram given below Dd represents the domestic demand curve and Sd rep

2. In the diagram given below Dd represents the domestic demand curve and Sd represents the domestic supply curve. Use this diagram to answer the following questions (a) Under fre…

2. In the diagram given below Dd represents the domestic demand curve and Sd rep

2. In the diagram given below Dd represents the domestic demand curve and Sd represents the domestic supply curve. Use this diagram to answer the following questions (a) Under fre…

2. In the first two to three years of its existence, your program encouraging en

2. In the first two to three years of its existence, your program encouraging entrepreneurship (outlined in question 1), which is a program focused primarily on individual entrepr…

2. In the late 1990s, car leasing was very popular in the United States. A custo

2. In the late 1990s, car leasing was very popular in the United States. A customer would lease a car from the manufacturer for a set term, usually two years, and then have the op…

2. In the late 1990s, car leasing was very popular in the United States. A custo

2. In the late 1990s, car leasing was very popular in the United States. A customer would lease a car from the manufacturer for a set term, usually two years, and then have the op…

2. In the perfectly competitive guidebook industry, the market price is $30. A f

2. In the perfectly competitive guidebook industry, the market price is $30. A firm is currently producing 10,000 guidebooks; average total cost is $35, marginal cost is $28, and …

2. In the town of Torrelodones, each of the N > 2 inhabitants bas $100. They are

2. In the town of Torrelodones, each of the N > 2 inhabitants bas $100. They are told that they can all voluntarily contribute to a fund that will be evenly divided among all r…

2. Indicate whether each of the following statements describes an increase in de

2.   Indicate whether each of the following statements describes an increase in demand, decrease in demand, change in quantity demanded, increase in supply, decrease in supply, or…

2. Indicate whether each of the following statements is true or false and explai

2. Indicate whether each of the following statements is true or false and explain why a. A competitive firm that is incurring a loss should immediately cease operations. b. A pure…

2. Individual Problems 19-2 Many police officer positions require the applicant

2. Individual Problems 19-2 Many police officer positions require the applicant to have a college degree, even though the tasks of a police officer rarely call upon college course…

2. Inputs and outputs Anunio\'s Performance Pizza is asmall restaurant in Housto

2. Inputs and outputs Anunio's Performance Pizza is asmall restaurant in Houston that salls luten-free pizzas. Anconio's very tiny kitchen has barely enough ream for the four aves…

2. Inputs and outputs Rina\'s Performance Pizza is a small restaurant in Denver

2. Inputs and outputs Rina's Performance Pizza is a small restaurant in Denver that sells gluten-free pizzas. Rina's very tiny kitchen has barely enough room for the three ovens i…

2. Interest rates, the price level, and employment are closely interrelated conc

2. Interest rates, the price level, and employment are closely interrelated concepts in macroeconomics. A. Describe the cause of stagflation and explain why stagflation presents d…

2. International trade has grown rapidly in the recent years, yet trade liberali

2. International trade has grown rapidly in the recent years, yet trade liberalization may be more difficult to achieve in the near future. And states sometimes need to take certa…

2. Interpreting the price elasticity of demand Aa Aa The following graph shows t

2. Interpreting the price elasticity of demand Aa Aa The following graph shows the demand for a good. PRICE (Dollars per unit) 140X Demand 90-,- 20 0 10 35 45 70 QUANTITY For each…

2. Investment A. Use a graph and a written explanation to demonstrate how the le

2. Investment A. Use a graph and a written explanation to demonstrate how the level of investment is determined. (3 points) B. Explain what happens when the government enters the …

2. Italians in America According to a theory suggested in the chapter, people dr

2. Italians in America According to a theory suggested in the chapter, people drive smaller cars in Italy than in the United States not because of different preferences but becaus…

2. Jack is the owner of the only local bar in a small town. He sells whiskey in

2. Jack is the owner of the only local bar in a small town. He sells whiskey in one-ounce glasses. For simplicity, let's assume it doesn't cost Jack anything to run this business.…

2. Jennifer, a homeowner, is planning to add new mulch to all the landscaping be

2. Jennifer, a homeowner, is planning to add new mulch to all the landscaping beds around her house. She has determined the quantity of mulch she will need and has identified thes…

2. John and Bob plan to meet for lunch. Both of them are unsure which of the tow

2. John and Bob plan to meet for lunch. Both of them are unsure which of the town's two restaurants they decided on and neither has a phone or way of contacting the other. In this…

2. John is a car salesman working for a Chevy dealership in Houston, Texas. He r

2. John is a car salesman working for a Chevy dealership in Houston, Texas. He receives a base salary of $800/month plus a 10% commission on the price above cost for every car tha…

2. Jon buys a jacket for $160. He was willing to pay $200 for the jacket. When h

2. Jon buys a jacket for $160. He was willing to pay $200 for the jacket. When his friend Sam sees the jacket he loves it and is willing to pay $300 for it. Sam offers to buy the …

2. Key facts about economic fluctuations The following graph approximates busine

2. Key facts about economic fluctuations The following graph approximates business cycles in the United States from January 1973 to January 1983. The vertical blue bars coincide w…

2. Labor market Suppose that the firm\'s markup over costs is 10% and that the w

2. Labor market Suppose that the firm's markup over costs is 10% and that the wage setting equation is where W is the nominal wage, z is a positive coefficient representing all th…

2. Labor union strategies Consider the demand for labor in an industry in which

2. Labor union strategies Consider the demand for labor in an industry in which workers are represented by a strong, inclusive union. Assume the union has all of the bargaining po…

2. Labor union strategies Consider the demand for labor in an industry in which

2. Labor union strategies Consider the demand for labor in an industry in which workers are represented by a strong, inclusive union. Assume the union has all of the bargaining po…

2. Labor union strategies Consider the demand for labor in an industry in which

2. Labor union strategies Consider the demand for labor in an industry in which workers are represented by a strong, inclusive union. Assume the union has all of the bargaining po…

2. Leading economic indicators Economists forecast future economic conditions by

2. Leading economic indicators Economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. The most significant …

2. Let k^* be the steady state level of capital per worker. Find an expression f

2. Let k^* be the steady state level of capital per worker. Find an expression for k ? that only depend on the parameters of the model. How does k^* relate to n, z, d and s? 3. Su…

2. Let\'s revisit the demand curve now that we know people make their decisions

2. Let's revisit the demand curve now that we know people make their decisions based on the principle of rational choice (MU/P) a. Explain how an increase in income affects a cons…

2. Lila is considering investing $60,000 in a limited partnership which is raisi

2. Lila is considering investing $60,000 in a limited partnership which is raising additional capital. According to the prospectus, for the past 10-year period the average earning…

2. Look up the current unemployment rate for the US. Does this seem like we are

2. Look up the current unemployment rate for the US. Does this seem like we are at or near full employment or well above it or well below it? 10 points 3. Answer True or False for…

2. Maine is a major source of blueberries for the US. The blueberry farmers in M

2. Maine is a major source of blueberries for the US. The blueberry farmers in Maine rely on large irrigation systems from the nearby rivers to water their fields. The EPA has jus…

2. Manufacturers response to currency appreciation From 1990 to 1996, the value

2. Manufacturers response to currency appreciation From 1990 to 1996, the value of the Japanese yen relative to the US. dollar increased by almost 40%. Assuming that the yen and d…

2. Marginal cost New York & Co. is considering a limited edition denim jacket. B

2. Marginal cost New York & Co. is considering a limited edition denim jacket. Because it is so special, the first few will sell for a very high price, the next for less, and …

2. Mark works for Maple Feel Inc., which exports maple syrup to Hungary. Current

2. Mark works for Maple Feel Inc., which exports maple syrup to Hungary. Currently, he generates $45,000 a year of net revenues for the firm and his salary is $45,000 per year. Ma…