Economics

3. Determinants of aggregate demand Aa Aa The following graph shows a decrease i

3. Determinants of aggregate demand Aa Aa The following graph shows a decrease in aggregate demand (AD) in a hypothetical country. Specifically, aggregate demand shifts to the lef…

3. Determinants of demand The following graph shows the demand curve for sedans

3. Determinants of demand The following graph shows the demand curve for sedans (for example, Toyota Camrys or Honda Accords) in New York City. For simplicity, assume that all sed…

3. Determinants of demand The following graph shows the demand curve for sedans

3. Determinants of demand The following graph shows the demand curve for sedans (for example, Toyota Camrys or Honda Accords) in New York City. For simplicity, assume that all sed…

3. Determinants of market interest rates Aa Aa Some characteristics of the deter

3. Determinants of market interest rates Aa Aa Some characteristics of the determinants of nominal interest rates are listed as follows. Identify the components (determinants) and…

3. Determine the amount of consumer surplus generated in each of the following s

3. Determine the amount of consumer surplus generated in each of the following situations. a. Leon goes to the clothing store to buy a new T-shirt, for which he is willing to pay …

3. Discouraged workers and involuntary part-time workers Simply counting the num

3. Discouraged workers and involuntary part-time workers Simply counting the number of unemployed workers will net necessarily give the Bureau of Labor Statistics (DL5) the most a…

3. Discretionary fiscal policy and multiplier effects Aa Aa Consider a hypotheti

3. Discretionary fiscal policy and multiplier effects Aa Aa Consider a hypothetical economy in which the marginal propensity to consume (MPC) is 0.8. The following graph shows the…

3. Does the label \"GLUTEN FREE\" guarantee that a food has absolutely NO gluten

3. Does the label "GLUTEN FREE" guarantee that a food has absolutely NO gluten? The New York Times on 5/20/2015 published an article titled "Study Finds that Probiotics Labelled G…

3. Drag the correct word or phrase to the comesponding biank in each sentence Po

3. Drag the correct word or phrase to the comesponding biank in each sentence Port Ales on the RF of an economy, pot A consists of 10 units of Xand 100unitsofY.Point Bcostes o, 20…

3. During the great depression from 1929 to 1933, two different strategies were

3. During the great depression from 1929 to 1933, two different strategies were applied by the US government when facing the shrinking aggregate demand At the very beginning Presi…

3. Dynamic Model with Phillips Curve The economy behaves according to the follow

3. Dynamic Model with Phillips Curve The economy behaves according to the following three equations: Okun's Law: ut = ut-1-0.7gyt + 2.8% Phillips curve: .-R-1-0.7u, + 14% Aggregat…

3. Each of the following statements (A-E) goes best with one scenario. Match the

   3. Each of the following statements (A-E) goes best with one scenario. Match them. 35 points A) The unemployment rate is overestimated due to the underground economy. B) The un…

3. Economic projections for 2011-2013, and beyond Aa Aa The following table pres

3. Economic projections for 2011-2013, and beyond Aa Aa The following table presents economic projections for growth of real output, the unemployment rate, and inflation for the y…

3. Efficiency in the production possibilities model Suppose Ireland produces onl

3. Efficiency in the production possibilities model Suppose Ireland produces only two goods: wheat and blu rays. The following graph shows Ireland's current production possibiliti…

3. Efficiency in the production possibilities model Suppose South Africa produce

3. Efficiency in the production possibilities model Suppose South Africa produces only two goods: barley and laptops. The following graph shows South Africa's current production p…

3. Elasticity-time! Calculate the elasticity implied by the information given (o

3. Elasticity-time! Calculate the elasticity implied by the information given (own-price, cross-price, or income), interpret the elasticity (“For a one percentage point change in……

3. Equality versus efficiency Match each definition to its appropriate concept.

3. Equality versus efficiency Match each definition to its appropriate concept. Definition When economic benefits are distributed uniformly across society When a society gets the …

3. Equality versus efficiency Match each definition to its appropriate concept.

3. Equality versus efficiency Match each definition to its appropriate concept. Definition Equality Efficiency All societies face a trade-off between equality and efficiency. If t…

3. Equality versus efficiency Match each definition to its appropriate concept.

3. Equality versus efficiency Match each definition to its appropriate concept. Definition When economic benefits are distributed uniformly across society When a society gets the …

3. Equilibrium n a competitive industry Suppose you are given the following info

3. Equilibrium n a competitive industry Suppose you are given the following information about a particular industry CP-6500-100P Qs= 1200P C(q) 784 q- 400 Market demand Short run …

3. Excess supply with union wage Consider the housing construction industry. Ass

3. Excess supply with union wage Consider the housing construction industry. Assume that the industry is perfectly competitive in both input and output markets. Suppose that, thro…

3. Excess supply with union wages Scree 0 https:// Consider the housing construc

3. Excess supply with union wages Scree 0 https:// Consider the housing construction industry. Assume that the industry is perfectly competitive in both input and output markets. …

3. Explain briefly (in no more than a sentence or two for each part) how the fol

3. Explain briefly (in no more than a sentence or two for each part) how the following public policies might help raise the US standard of living? a. The government decides to spe…

3. Explain how clip-out coupons in a weekly paper enable companies to identify c

3. Explain how clip-out coupons in a weekly paper enable companies to identify consumers with different willingnesses to pay. Round's and Piggly Wiggly (shop the pig!) are conside…

3. Explain how the aggregate expenditure function shifts in response to changes

3. Explain how the aggregate expenditure function shifts in response to changes in each of the following variables: a. The real interest rate increases. b. Consumer confidence dec…

3. Explain the difference between positive and normative economics. Then, go onl

3. Explain the difference between positive and normative economics. Then, go online and find one economic fact. State the fact positively and then state each one of them normative…

3. Factors that influence international trade In the 1950s, imports and exports

3. Factors that influence international trade In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accou…

3. Factors that influence international trade In the 1950s, imports and exports

3. Factors that influence international trade In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accou…

3. Factors that influence international trade World trade has grown substantiall

3. Factors that influence international trade World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year bet…

3. Factors that influence international trade world trade has grown substantiall

3. Factors that influence international trade world trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year bet…

3. Fast Service Truck Lines uses the Ford Super Duty F-750 exclusively. Manageme

3. Fast Service Truck Lines uses the Ford Super Duty F-750 exclusively. Management made a study of the maintenance costs and determined the number of miles traveled during the yea…

3. Financial da d at the end of the table below. Assume that alternatives are re

3. Financial da d at the end of the table below. Assume that alternatives are replace their useful lives. MARR = 8% Data Initial Cost $5,000 $1OO0$2,50o Uniform Annual | $650 | Be…

3. Financial da d at the end of the table below. Assume that alternatives are re

3. Financial da d at the end of the table below. Assume that alternatives are replace their useful lives. MARR = 8% Data Initial Cost $5,000 $1OO0$2,50o Uniform Annual | $650 | Be…

3. Finding the optimal combination of two goods Kenji enjoys consuming both soda

3. Finding the optimal combination of two goods Kenji enjoys consuming both soda and coffee. Each can of soda costs Ps $1, and each cup of coffee costs Pc -$2. Suppose that Kenji …

3. Finding the optimal combination of two goods Valerie enjoys consuming both gu

3. Finding the optimal combination of two goods Valerie enjoys consuming both guacamole and salsa. Each jar of guacamole costs , and each jar of salsa costs . Suppose that Valerie…

3. Firms in a duopoly face the inverse market demand function Pa 150-Q where Pa

3. Firms in a duopoly face the inverse market demand function Pa 150-Q where Pa price per market demand (millions of units) and each faces a constant cost of €60 unit (C) and Q pe…

3. Floatation costs for debt vs. equity are less for all but one of the followin

3. Floatation costs for debt vs. equity are less for all but one of the following reasons? a. No risk for bond investors b. Scheduled cash flow streams c. Often issued for replace…

3. For most products, purchases tend to rise with increases in buyers\' incomes,

3. For most products, purchases tend to rise with increases in buyers' incomes, and to fall with decreases in buyers' incomes. Such products are known as: A. direct goods. B. norm…

3. For those of you who are interested in environmental questions, here\'s one t

3. For those of you who are interested in environmental questions, here's one that gets to the heart of most environmental problems. You, and a person very similar to you, live in…

3. Fred Smith owns a British Consul, a security which pays the equivalent of $10

3. Fred Smith owns a British Consul, a security which pays the equivalent of $1000 U.S. each year on September 15, forever. Fred has recently considered selling the security. The …

3. Fred Smith owns a British Consul, a security which pays the equivalent of $10

3. Fred Smith owns a British Consul, a security which pays the equivalent of $1000 U.S. each year on September 15, forever. Fred has recently considered selling the security. The …

3. From a tract of land a farmer plans to fence a rectangular region and then di

3. From a tract of land a farmer plans to fence a rectangular region and then divide it into two identical sized rectangular lots by putting a fence down the middle. The tract of …

3. Further questions Aa Aa Now, imagine that the city of San Francisco decides t

3. Further questions Aa Aa Now, imagine that the city of San Francisco decides to crack down on motorists who park on sidewalks by increasing the number of officers issuing parkin…

3. GDP excludes: A) the market value of unpaid work in the home. B) the producti

3.      GDP excludes: A) the market value of unpaid work in the home. B) the production of services. C) the production of nondurable goods. D) positive changes in inventories.    …

3. GDP trend and cycle: See Table 2 which shows UK real GDP per capita. Suppose

3. GDP trend and cycle: See Table 2 which shows UK real GDP per capita. Suppose that the economy was at its trend in 2003. Suppose also that trend growth is one percent per year. …

3. GDP, UNEMPLOYMENT and FISCAL POLICY [16 marks] a. Define and briefly explain

3. GDP, UNEMPLOYMENT and FISCAL POLICY [16 marks] a. Define and briefly explain how GDP is measured. [3 marks] b. Describe and give examples of two (2) specific shortcomings of GD…

3. Gains from trade Consider two neighboring island countries called Arcadia and

3. Gains from trade Consider two neighboring island countries called Arcadia and Euphoria. They each have 4 million labor hours available per month that they can use to rye, jeans…

3. Gains from trade Consider two neighboring island countries called Arcadia and

3. Gains from trade Consider two neighboring island countries called Arcadia and Dolorium. They each have 4 million labor hours available per month that they can use to produce ry…

3. Gains from trade Consider two neighboring island countries called Arcadia and

3. Gains from trade Consider two neighboring island countries called Arcadia and Euphoria. They each have 4 million labor hours available per week that they can use to produce jea…

3. Gains from trade Consider two neighboring island countries called Bellissima

3. Gains from trade Consider two neighboring island countries called Bellissima and Dolorium. They each have 4 million labor hours available per month that they can use to produce…