Economics

25.Which of the following statements is TRUE? A) You would never earn a positive

25.Which of the following statements is TRUE? A) You would never earn a positive rate of return by purchasing zero-coupon bonds at a discount and holding them to maturity. B) Borr…

250,000 units/yc Customer Demand Typical Production 3. 20 days/month 1 shift 8 b

250,000 units/yc Customer Demand Typical Production 3. 20 days/month 1 shift 8 brs/day 480 min/shift Determine a Daily Demand b Hourly Demand C TAKT time (sec/unit) sec/unit Deter…

256/27258)-Fall1e-KE Activities and Due Dates WI022: Work it Out-ch. 22 GDP and

256/27258)-Fall1e-KE Activities and Due Dates WI022: Work it Out-ch. 22 GDP and CPi:Tracking the Macroeconomy ExpandResources Hint GDP and CPI Work It Out: Question 2 of 4 The eco…

25: Use the following to answer question Figure: Demand, Revenue, and Cost Curve

25: Use the following to answer question Figure: Demand, Revenue, and Cost Curves Price of figglenuts 100 90 80 70 60 50 40 30 20 10 MC ATC 0 20 60 100 140 180 220 Quantity of fig…

26 A negative externality is present on a market leading social marginal cost, S

26 A negative externality is present on a market leading social marginal cost, S C o exceed marginal cost MC(O as perceived by producers, which is alsothe supply curve in this com…

26 How do investment in technology and investment in capital differ? They have d

26 How do investment in technology and investment in capital differ? They have different effects on output because of the positive externalities associated with investments in cap…

26 In the run up to the war in Iraq that began in 2003, one of the many concerns

26 In the run up to the war in Iraq that began in 2003, one of the many concerns raised was that a war could result in a decrease in the supply of oil. At the same time, the U.S. …

26 Let’s say you own a firm that produces and sells Ping-Pong tables. The name o

26           Let’s say you own a firm that produces and sells Ping-Pong tables. The name of your company is iPong because your tables have a plug-in jack for all Apple products. T…

26 Question (3 points) a See page 1st attempt Government officials have hired yo

26 Question (3 points) a See page 1st attempt Government officials have hired your consulting firm to encourage more people to use public transportation. In the initial ting, you …

26 Which of the following is a barrier to entry a. a patented production process

26 Which of the following is a barrier to entry a. a patented production process b. high sunk cost c. the necessity of purchasing a government license to engage in a business d. a…

26) An industry analyst observes that in response to a small increase in price,

26) An industry analyst observes that in response to a small increase in price, a competitive firm's output sometimes rises a little and sometimes a lot. The best explanation for …

26) Changes in the price level A) increase the level of aggregate supply in the

26) Changes in the price level A) increase the level of aggregate supply in the long run. B) decrease the level of aggregate supply in the long run. C) do not affect the level of …

26) John is trying to decide how to divide his time between his job as a stocker

26) John is trying to decide how to divide his time between his job as a stocker in the 26) local grocery store, which pays $7 per hour for as many hours as he chooses to work. an…

26) The accumulated loss of output that results from a slowdown in the growth ra

26) The accumulated loss of output that results from a slowdown in the growth rate of GDP per person is called the A) Keynesian gap. B) Okun gap. C) Lucas wedge. D) unemployment w…

26) The national debt is a cumulative m easure of all past government deficits a

26) The national debt is a cumulative m easure of all past government deficits and surpluses, while the federal budget is an annual measure of government tax revenues and expendit…

26) When a firm produces 50,000 units of output, its total cost equals $6.5 mill

26) When a firm produces 50,000 units of output, its total cost equals $6.5 million. When it increases its production to 70,000 units of output, its total cost increases to $9.4 m…

26) Which of the following is true about a perfectly price-discriminating monopo

26) Which of the following is true about a perfectly price-discriminating monopolist as compared to a single-price monopolist? (2pts) It captures all of what was consumer surplus …

26) a good with very low own-price demand elasticity? 1) Graph I 2 Graph J 3 Gra

26) a good with very low own-price demand elasticity? 1) Graph I 2 Graph J 3 Graph K 4) Graph L 5) not enough information to answer] 27) demand for a good, like cigarettes, gasoli…

26,27,28,29 QUESTION 26 Sweets Galore, the manufacturer of Rainbow brand lollipo

26,27,28,29 QUESTION 26 Sweets Galore, the manufacturer of Rainbow brand lollipops, decided to expand into manufacturing liqueur-filled chocolate truffles. Its buying process for …

26- A decrease in quantity demanded is given by a(an): Question 26 options: a- d

26- A decrease in quantity demanded is given by a(an): Question 26 options: a- downward shift of the demand curve. b- upward shift of the demand curve. c- downward movement to the…

26-27] True or False Question [ If true, bubble a. If false, bubble b.J. 26. The

26-27] True or False Question [ If true, bubble a. If false, bubble b.J. 26. The economy reaches full employment when the unemployment rate equals zero. 27. All adults who are abl…

26. A \"deductible\" is: CIRCLE ALL THAT APPLY (2 points) The amount of any loss

26. A "deductible" is: CIRCLE ALL THAT APPLY (2 points) The amount of any loss that must be paid by the insured (the party covered by the insurance) before the insurance company w…

26. A graph called a demand curve can be used to illustrate the relationship bet

26. A graph called a demand curve can be used to illustrate the relationship between the price of compact disc players and the quantity of compact disc players demanded. If there …

26. A hamburger chain has, over a period, sold a certain hamburger, macburger, b

26. A hamburger chain has, over a period, sold a certain hamburger, macburger, below cost price. The idea is that this burger will attract more customers, and that the increase in…

26. A price celing means that price is a. Not alowed to fal b. Not alowed to che

26. A price celing means that price is a. Not alowed to fal b. Not alowed to chenge in aither direction Not allowed to 27. The purpose of price floor i, to a. Help consumers b. he…

26. According to Gresham’s Law, a.inflation and unemployment are inversely relat

26. According to Gresham’s Law, a.inflation and unemployment are inversely related. b.tax rates and tax revenues are inversely related. c.bad money drives out good money. d.inflat…

26. At a price of $8, the quantity demanded in the entire market would be A. 0 l

26. At a price of $8, the quantity demanded in the entire market would be A. 0 lbs B. 4 lbs. C. 30 lbs. D. 34 lbs E. none of the above 27. If the price of loose-leaf tea rises fro…

26. BPR stands for which of the following? a. Business Process Reporting b. Busi

26. BPR stands for which of the following? a. Business Process Reporting b. Business Procedure Reengineering c. Business Process Reengineering d. Business Process Relational e. no…

26. Commercial banks act as middlemen between savers and borrowers, therefore th

26. Commercial banks act as middlemen between savers and borrowers, therefore they are called _____.      a.   lenders of the last resort      b.   financial intermediaries      c…

26. Consumption (household sector) spending is the largest component of 27. The

26.  Consumption (household sector) spending is the largest component of 27.  The aggregate demand curve slopes down, because of the inverse relationship between price level and r…

26. Expansionary fiscal policy – taken by itself – tends to raise interest rates

26. Expansionary fiscal policy – taken by itself – tends to raise interest rates and the level of income. 27. Expansionary monetary policy tends to lower interest rates. 28. The g…

26. Financial markets are a. Unimportant to the economy because finance professi

26. Financial markets are a. Unimportant to the economy because finance professionals do not produce anything useful b. Important to the economy because finance jobs pay well. e. …

26. If a concentration ratio for two industries is the same, we can conclude tha

26. If a concentration ratio for two industries is the same, we can conclude that: a. the HHI index must be the same for the two industries. b. the HHI index is probably the same …

26. If demand is inelastic, a(n): a.decrease in the price raises the total reven

26. If demand is inelastic, a(n):                                 a.decrease in the price raises the total revenue.                 b.increase in the price leaves total revenue un…

26. Ifreserve requirement percentages are unchanged, but the dollr Imts of cach

26. Ifreserve requirement percentages are unchanged, but the dollr Imts of cach reserve tranche are increased,the weignted average reserve requirement will: a. increase decrease c…

26. In 2015, Donald Trump stated that, \"When did we beat Japan at anything? The

26. In 2015, Donald Trump stated that, "When did we beat Japan at anything? They send their cars over here by the millions, and what do we do? When was the last time you saw a Che…

26. Suppose a man and a woman are in love and care for the other’s happiness as

26. Suppose a man and a woman are in love and care for the other’s happiness as well as their own consumption. Suppose the man is more selfish than the woman         UM = CM2/3 UW…

26. The Phillips curve shows the inverse relationship between a. unemployment an

26. The Phillips curve shows the inverse relationship between a. unemployment and money supply growth b. inflation and unemployment. c. fiscal policy and unemployment d. monetary …

26. The demand curve facing a perfectly competitive firm is a. perfectly elastic

26. The demand curve facing a perfectly competitive firm is a. perfectly elastic b. perfectly inelastic e. unit elastic d. downward-sloping e. identical to the industry demand cur…

26. The foreign exchange market verves two main functions. These are so A) colle

26. The foreign exchange market verves two main functions. These are so A) collect duties on imported products and convert the currency of one counery imto the currency of B) conv…

26. The labor force includes A. All persons over the age 16 who are either worki

26. The labor force includes A. All persons over the age 16 who are either working for pay or actively seeking paid employment B. All persons over the age 16 who are working for p…

26. The law ot d to combinturnslapies that as additional units of ned vith a fix

26. The law ot d to combinturnslapies that as additional units of ned vith a fixed resouros C. at sone d. at soae e point output begins to declLns cost begina to zlne Use the tabl…

26. The marginal productivity theory of income distribution assumes that factor

26. The marginal productivity theory of income distribution assumes that factor markets are oligopolies. True False 27. Human capital is the improvement in _____ produced by _____…

26. The substitution affect isolates the change in the consumption of a good cau

26. The substitution affect isolates the change in the consumption of a good caused by: A. The lower "real" income B. The change in the relative prices of two goods C. The change …

26. To illustrate the investment problem during a bust, Mises cites the example

26. To illustrate the investment problem during a bust, Mises cites the example of a: a. home builder who finds out that he doesn’t have enough bricks to finish his project. b. ca…

26. What are demand deposits, and why should they be included in the stock of mo

26. What are demand deposits, and why should they be included in the stock of money? 27. Who is responsible for setting monetary policy in Canada? If the Bank of Canada wants to i…

26. What is the difference between a change in the demand and a change in quanti

26. What is the difference between a change in the demand and a change in quantity demanded? O A change in quantity demanded means consumer preferences have changed. O A change in…

26. When a competitive firm triples the amount of output it sells, what is the r

26. When a competitive firm triples the amount of output it sells, what is the result? a. Its total revenue triples. b. Its average revenue triples. c. Its marginal revenue triple…

26. Which of the following countries presents a favorable benefit-cost-risk trad

26. Which of the following countries presents a favorable benefit-cost-risk trade-off scenario for foreign expansion? A. A country ridden by private-sector debt B. A country with …

26. Which of the following is true? a. Economics concerns anything that is consi

26. Which of the following is true? a. Economics concerns anything that is considered worthwhile to some human being. b. If we valued leisure more highly, the opportunity cost of …