Economics

20 of 20 (19 complete) HW X Instructor-created question The credit card with the

20 of 20 (19 complete) HW X Instructor-created question The credit card with the transactions described in the popup the statement in the popup. mnannuali ienstaa,18% of the avera…

20 of 25 (17 co ext Problem 22-20 Consider the figures to the right. If the firm

20 of 25 (17 co ext Problem 22-20 Consider the figures to the right. If the firm were to employ an 8th unit of labor, its total product would rise to 385 units of output from 360 …

20 poinis 1. A n average worker in Brazil can produce an ounce of soybeans in 20

20 poinis 1. A n average worker in Brazil can produce an ounce of soybeans in 20 minutes and an ounce of coffee in soybeans in 50 minutes and an ounce of coffee in 75 minutes. Who…

20) Name someone who would beneft f rom a depreciation in the dolar (a weak doll

20) Name someone who would beneft f rom a depreciation in the dolar (a weak dollar), Brioty explain 21) Let the exchange rate between the U.S, dolar and the U.K pound be $1-1. Sup…

20) The negative impact of government debt on the economy is mitigated by ______

20) The negative impact of government debt on the economy is mitigated by ________. A) the impact of the debt on national saving. B) government spending on schools and highways. C…

20) The negative impact of government debt on the economy is mitigated by ______

20) The negative impact of government debt on the economy is mitigated by ________. A) the impact of the debt on national saving. B) government spending on schools and highways. 6…

20) There are not enough of four goods to satisfy the wants of people. For good

20) There are not enough of four goods to satisfy the wants of people. For good A, this is true when the price is $10. This is true for good B at a price of $1, for good C at a pr…

20) When price is less than average variable cost at the profit-maximizing level

20) When price is less than average variable cost at the profit-maximizing level of output, a firm should: A) continue to produce the level of output at which marginal revenue equ…

20) Which of the following statements about unemployment is true? 39) The main d

20) Which of the following statements about unemployment is true? 39) The main drawback of the chained consumer price index (CPI) compared to the traditional CPI is that the chain…

20, 25 (1 complete) This Quiz: 100 ptsp sig Directions: alick on the graph in th

20, 25 (1 complete) This Quiz: 100 ptsp sig Directions: alick on the graph in the window on the right and select Multiple Time Sories to graph the U.S. gross and not federal debt …

20- A 10 percent rise in the price of housing reduces the quantity demanded of h

20- A 10 percent rise in the price of housing reduces the quantity demanded of housing by 3 percent. We can conclude that the demand for housing is: Question 20 options: a- inelas…

20- Suppose an oil company wants to make its total revenue as large as possible.

20- Suppose an oil company wants to make its total revenue as large as possible. It should charge a price at which the demand for oil is: Question 36 options: a- elastic. b- unita…

20- Suppose that X and Y are complementary goods. If the price of good X decreas

20- Suppose that X and Y are complementary goods. If the price of good X decreases, we can expect the: Question 20 options: a- demand for good X to increase. b- quantity demanded …

20-Assume that banking system has $200 billion in reserve. There are no excess r

20-Assume that banking system has $200 billion in reserve. There are no excess reserves in the system at reserve requirement is decreased of $20 billion from 10% to 8 %. What will…

20. ( 1 pt). What is the main determinant of the price elasticity of supply? Exp

20. ( 1 pt). What is the main determinant of the price elasticity of supply? Explain. The ease of shifting resources to alternative uses is the main one. ) is often a critical fac…

20. ( 1 pt). What is the main determinant of the price elasticity of supply? Exp

20. ( 1 pt). What is the main determinant of the price elasticity of supply? Explain. The ease of shifting resources to altermative uses is the main one. ( ) is often a critical f…

20. (10 points) The following table shows information on reserve balances and co

20. (10 points) The following table shows information on reserve balances and components of M1 for May 2015 Billions of $ 1,295 2,584 Currency Total reserve balances Excess reserv…

20. (Figure: Price Adjustment) Refer to the figure. If the price of the product

20. (Figure: Price Adjustment) Refer to the figure. If the price of the product is S14, there is a: Figure: Price Adjustment Supply $17 16 Demand A) B) C) D) 0 85 100 120 130 shor…

20. A firm such as a public utility, which is the sole producer in a market in w

20. A firm such as a public utility, which is the sole producer in a market in which government determines prices and standards of service, is known as a a. local monopoly. b. nat…

20. All of the following can be barriers to entry except: (Points : 2) economies

20. All of the following can be barriers to entry except: (Points : 2) economies of scale. a firm's superior ability. government antitrust policies. patents. 21. Under monopolisti…

20. Allen Iverson is still wildly popular with inner city kids. His success as a

20. Allen Iverson is still wildly popular with inner city kids. His success as a celebrity spokesperson for Converse centered on the fact that buyers of his shoes considered him a…

20. An economic recession with a decline in household incomes will negatively im

20. An economic recession with a decline in household incomes will negatively impact all retail businesses A) True B) False 21. If we assume that the current equilibrium wage for …

20. Answer the following question(s) based on the following information on price

20. Answer the following question(s) based on the following information on prices and exchange rates. Table: Exchange Rates and Prices Country Exchange Rate per Dollar Price of a …

20. Checkable deposits are included in: a) neither M1 nor M2 b) M2 but not in MI

20. Checkable deposits are included in: a) neither M1 nor M2 b) M2 but not in MIl c) both M1 and M2 d) M1 but not in M2 21. Suppose that real GDP increases by 5 percent while the …

20. Explain four ways in which a firm might increase its profits by raising the

20. Explain four ways in which a firm might increase its profits by raising the wages it pays 21. List and describe the three functions of money. 22. What is the difference betwee…

20. For indifference curves (most common ones, neither for perfect substitutes n

20. For indifference curves (most common ones, neither for perfect substitutes nor for perfect complements), his or her MRS will diminish as x is substituted for y. ncrease as x i…

20. If red announces that he plans to paint his Rolls-Royce pink but Walker . hi

20. If red announces that he plans to paint his Rolls-Royce pink but Walker . his pink but Walker, his next-door neighbor cannot bear the sight of pink Roll-Royces, offers to pay …

20. Ifa special interest group represents 10% of society and gets a public polic

20. Ifa special interest group represents 10% of society and gets a public policy passed that costs society SI million and benefits that special interest group S1 million, the net…

20. In 1994, the General Agreement on Tariffs and Trade became ... 1) The North

20. In 1994, the General Agreement on Tariffs and Trade became ... 1) The North American Free Trade Agreement 2) The World Trade Organization 3) The Kyoto Protocol 4) The Montreal…

20. In the neoclassical model of the perfectly competitive labor market, what do

20. In the neoclassical model of the perfectly competitive labor market, what does a firm do when the marginal revenue product of labor (MRP) is greater than the marginal factor c…

20. Market demand is given as QD 200-3P. Market supply is given as OS-2P + 100.

20. Market demand is given as QD 200-3P. Market supply is given as OS-2P + 100. If price increases from $25 to $30, what is the price elasticity of demand? a. 0.2 b. 0.7 C. d. 1.4…

20. Money is anything that: A) serves as a medium of exchange for goods and serv

20. Money is anything that: A) serves as a medium of exchange for goods and services. C) D) ) can be converted into gold with relatively little loss in value. is traded in the sto…

20. Money is anything that: A) serves as a medium of exchange for goods and serv

20. Money is anything that: A) serves as a medium of exchange for goods and services. B) can be converted into silver with relatively little loss in value. C) can be converted int…

20. One reason why banks are required to deposit a minimum amount of reserves at

20. One reason why banks are required to deposit a minimum amount of reserves at the Federal Reserve is so that a. banks will have more liquidity. b. banks will be able to make mo…

20. Some individuals choose to undertake risky prospects while others choose saf

20. Some individuals choose to undertake risky prospects while others choose safer ones, because they have different A. Degrees of transitivity B. Marginal rates of substitution b…

20. The country of Polivia has a proportional tax structure, under which income

20. The country of Polivia has a proportional tax structure, under which income is taxed at a fixed rate, t. The graph shows the aggregate demand curve (AD1) for the country under…

20. The interest rate the Fed charges on loans it makes to banks is called a, th

20. The interest rate the Fed charges on loans it makes to banks is called a, the prime rate. b. the federal funds rate. the discount rate. d. the LIBOR. 21 As the reserve ratio i…

20. The interest-rate effect on AD suggests that: A. a decrease in the supply of

20. The interest-rate effect on AD suggests that: A. a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spendi…

20. The profit-maximizing level of output for a perfectly competitive firm occur

20. The profit-maximizing level of output for a perfectly competitive firm occurs where there is equality between the slopes of the: A) marginal revenue and demand curves. B) marg…

20. The value of leisure time is (a) counted as part of national income (b) coun

20. The value of leisure time is (a) counted as part of national income (b) counted as part of the capital consumption allowance (c) added to net personal income (NPI) to obtain t…

20. To economists, the main difference betwoen the shont run and the long rum is

20. To economists, the main difference betwoen the shont run and the long rum is thst A the law of diminishing retums applies in the long nun, but not in the short un B in the lon…

20. Two hospitals want to merge. The price elasticity of demand is -0.20, and ea

20. Two hospitals want to merge. The price elasticity of demand is -0.20, and each clinic has fixed costs of $100,000. One clinic has a volume of 9,200, marginal costs of $70, and…

20. Two hospitals want to merge. The price elasticity of demand is 0.20, and eac

20. Two hospitals want to merge. The price elasticity of demand is 0.20, and each clinic has fixed costs of $100,000. One clinic has a volume of 9,200, marginal costs of $70, and …

20. What is likely to happen to the Demand for irrigation water when corm prices

20. What is likely to happen to the Demand for irrigation water when corm prices rise significantly due to an ethanol boom? (don 't calculate numbers, just state whether aggregate…

20. When a perfect competitive industry is in long-run equilibrium, a. Firm have

20. When a perfect competitive industry is in long-run equilibrium, a. Firm have no incentive to enter o exit the industry. b. Market price is equal to minimum long-run average co…

20. When evaluating an acquisition you should a. concentrate on book values and

20. When evaluating an acquisition you should a. concentrate on book values and ignore market values. b. focus on the total cash flows of the merged firm. c. apply the rate of ret…

20. Which demand curve would best represent a monopolistic competitor? A. D1 B.

20. Which demand curve would best represent a monopolistic competitor? A. D1 B. D2 C. D3 D. None of these curves represent a monopolistic competitor. 21. If demand curve D2 repres…

20. Which group within the Federal ReserveSystem meets to determine monetary pol

20. Which group within the Federal ReserveSystem meets to determine monetary policy? A. the Board of Governors. B. the FOMC. C. the regional Federal Reserve Bank presidents. D. th…

20. Which of the following could cause a recession? A. A decline in aggregate de

20. Which of the following could cause a recession? A. A decline in aggregate demand B. A decline in unemployment C. An increase in aggregate supply D. An increase in government s…

20. Which of the following describes the legacy of the French Revolution and the

20. Which of the following describes the legacy of the French Revolution and the Age of Napoleon incorrectly? A. equality before the law B. the spread of the ideas of the Enlighte…