Economics

4. Ding How uses tofu and vegetables as its only two inputs. These are both norm

4. Ding How uses tofu and vegetables as its only two inputs. These are both normal inputs with initial prices Ptofu 3- and Pvegetables4.Suppose that the prices change to become Pt…

4. Discrimination Aa Aa Two economists agree that discrimination against certain

4. Discrimination Aa Aa Two economists agree that discrimination against certain workers unfairly leads to lower wages for the disfavored group. Economist A argues that government…

4. Discuss whether, to what extent, and why the following are true or false. (Ad

4. Discuss whether, to what extent, and why the following are true or false. (Adapted from Ray ch. 3, exercise 8.) a. The Harrod-Domar model predicts that a country’s long-run per…

4. Diversification Aa Aa Rosa is considering two investment strategies. The firs

4. Diversification Aa Aa Rosa is considering two investment strategies. The first strategy involves putting all of her available funds in Project A. If Project A succeeds, she wil…

4. Donald makes and sells carved wooden ducks in a perfectly competitive market

4. Donald makes and sells carved wooden ducks in a perfectly competitive market Donald's production and input cost information follows. Donald buys wood from Lowes at $5/pound, hi…

4. Drag the correct word or phrase to the corresponding blank in each sentence S

4. Drag the correct word or phrase to the corresponding blank in each sentence Specialization and trade permits individuals to consume beyond their that can be used to produce goo…

4. Draw a very neat and clearly labeled graph of the 45 degree-line like we did

4. Draw a very neat and clearly labeled graph of the 45 degree-line like we did in class. This is called the “Keynesian cross”: it is a graph where the two axes represent real GDP…

4. During the 1980s, 1990s, and the first decade of the 20 th century, the Unite

4. During the 1980s, 1990s, and the first decade of the 20th century, the United States experienced a significant inflow of capital from abroad. For example, Toyota, BMW, and othe…

4. Dynamic Games Below is a game matrix that shows a typical prisoners’ dilemma.

4. Dynamic Games Below is a game matrix that shows a typical prisoners’ dilemma. In the static version of the game, the unique Nash equilibrium is for each firm to charge $4. Supp…

4. Economies of scale are one of the most powerful forces in economics. Answer t

4. Economies of scale are one of the most powerful forces in economics. Answer the following questions related to this very important principle of economics: a. Explain how econom…

4. Effects of a regional trading arrangement Aa Aa Consider a hypothetical world

4. Effects of a regional trading arrangement Aa Aa Consider a hypothetical world consisting of only three countries: Luxembourg, the United States, and Germany. Each country produ…

4. Effects of a regional trading arrangement Consider a hypothetical world consi

4. Effects of a regional trading arrangement Consider a hypothetical world consisting of only three countries: Luxembourg, the United States, and Germany. Each country produces gr…

4. Effects of a tariff on international trade The following graph shows the dome

4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for maize in Burundi. The world price (Pw) of maize is $260 per tonne and…

4. Effects of a tariff on international trade The following graph shows the dome

4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for wheat in Bangladesh. The world price (Pw) of represented by the horiz…

4. Effects of a tariff on international trade The following graph shows the dome

4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for oranges in New Zealand. The world price (Pw) of oranges is $800 per t…

4. Effects of a tariff on international trade The following graph shows the dome

4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for soybeans in Honduras. The world price (Pw) of soybeans is $550 per to…

4. Effects of a tariff on international trade The following graph shows the dome

4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for oranges in Guatemala. The world price (Pw) of oranges is $820 per ton…

4. Effects of a tariff on international trade The following graph shows the dome

4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for wheat in Bangladesh. The world price (Pw) of wheat is $250 per bushel…

4. Effects of a tariff on international trade graph shows the domestic supply of

4. Effects of a tariff on international trade graph shows the domestic supply of and demand for wheat in New Zealand. The world price (Pu) of wheat is $260 per bushel and is repre…

4. Environmental Policies North(N) and South (S) are selecting environmental pol

4. Environmental Policies North(N) and South (S) are selecting environmental policies. The well-being of each is interdependent, in part due to global environmental effects. Each …

4. Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population

4. Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of $9 billion (measured in U.S. dollars) and a population of 4 …

4. Evaluate the following statements using what you know about economics. A) In

4. Evaluate the following statements using what you know about economics.             A) In an effort to control rising prices in the 1970s, many governments adopted price control…

4. Examples of command economies are: A. The United States and Japan. B. Sweden

4. Examples of command economies are: A. The United States and Japan. B. Sweden and Norway. C. Mexico and Brazil. D. Cuba and North Korea. 5. Of the following countries, the one t…

4. Explain whether each of the following events increases or decreases the money

4. Explain whether each of the following events increases or decreases the money supply. (6 marks) a. The Central Bank buys bonds in open-market operations. b. The Central Bank re…

4. Explain why the general level of wages is higher in the United States and oth

4. Explain why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important single factor underlying the …

4. Financial intermediaries play an important role in the financial system List

4. Financial intermediaries play an important role in the financial system List at least three benefits to the economy due to services provided by financial intermediaries. How do…

4. For each of the following two nonzero-sum games, is the game strategically eq

4. For each of the following two nonzero-sum games, is the game strategically equivalent to a ZSG? If your answer is “YES,” give a strategically equivalent ZSG and show why it is …

4. For the each of the following functions: 1) find a function for an indifferen

4. For the each of the following functions: 1) find a function for an indifference curve that delivers u=u? units of total utility: 2) Calculate the derivative (dy/dx) of the func…

4. For the following examples, determine whether there is an externality (or mor

4. For the following examples, determine whether there is an externality (or more than one). If so, describe it, including references to whether it is positive or negative and whe…

4. For the following questions, assume no currency is held outside the banking s

4. For the following questions, assume no currency is held outside the banking system and banks desire to hold no excess reserves. The required reserve ratio is 10 A. Use the bala…

4. Franchises Aa Aa Frank is tired of his office job and wants to operate a busi

4. Franchises Aa Aa Frank is tired of his office job and wants to operate a business of his own. When he tells his daughter that he would ike to open a sandwich shop, she suggests…

4. From a long-run perspective, the best way to get the economy out of a recessi

4. From a long-run perspective, the best way to get the economy out of a recession is a. to increase government purchases or reduce net taxes. b. to decrease government purchases …

4. Game theory terminology Select the term that best describes each definition l

4. Game theory terminology Select the term that best describes each definition listed in the following table Tit-for Nash Dominant Equilibrium Strategy Collusion Strategy MatrixGa…

4. Game theory terminology Select the term that best describes each definition l

4. Game theory terminology Select the term that best describes each definition listed in the following table. Tit-for- tat Prisoners Dilemma Payoff Nash Dominant Equilibrium Strat…

4. Game theory terminology Select the term that best describes each definition l

4. Game theory terminology Select the term that best describes each definition listed in the following table. Tit-for- tat Prisoners Payoff Dilemma Nash Equilibrium Strategy Collu…

4. Game theory terminology Select the term that best describes each definition l

4. Game theory terminology Select the term that best describes each definition listed in the following table. Definition Nash Equilibrium Dominant Strategy Collusion Tit-for-tat S…

4. Give the demand function Q=100 - 0.2P, determine: a. The value of Q that maxi

4. Give the demand function Q=100 - 0.2P, determine: a. The value of Q that maximizes total revenue. Also, the price and the point elasticity at this output rate b. If the firm is…

4. Given the following Keynesian model: Y = C + I + G + X - M I = 250 C = 80 + 0

4.         Given the following Keynesian model: Y = C + I + G + X - M                                   I = 250 C = 80 + 0.75Yd                                              G = 10…

4. GoPro holds a monopoly in two countries where it sells video cameras, USA and

4. GoPro holds a monopoly in two countries where it sells video cameras, USA and Canada. The demand functions for the two regions are , Q(USA)=105-­P(USA) Q(CANADA)=42.5-­.5P(CANA…

4. Greece and sustainability of Government debt. (Total: 10 Points). In the summ

4. Greece and sustainability of Government debt. (Total: 10 Points). In the summer of 2017, the European Union and the Greek government reached an agreement to continue with the d…

4. Historians have debated whether or not a “Market Revolution” took place in th

4. Historians have debated whether or not a “Market Revolution” took place in the United States during the first half of the nineteenth century. Was the Market Revolution simply a…

4. Holding all else constant, the lower the future value of an investtment: A) T

4. Holding all else constant, the lower the future value of an investtment: A) The higher the present value. B) The lower the present value. C) The future value doesn't impact the…

4. Home Depot and Lowe\'s are two nationwide hardware stores that compete with e

4. Home Depot and Lowe's are two nationwide hardware stores that compete with each other. Each store can choose whether to charge a high price or a low price for their goods. If b…

4. Household production consists of A) any commodities which are produced at hom

4. Household production consists of A) any commodities which are produced at home and then sold. B) any commodities which are produced at home and yield utility to the family. C) …

4. How does a generic drug differ from its brand-name, previously patented equiv

4. How does a generic drug differ from its brand-name, previously patented equivalent? Explain why the price of a brand-name drug typically declines when an equivalent generic dru…

4. How does a single-payer system differ from an employer mandate? A. A single-p

4. How does a single-payer system differ from an employer mandate? A. A single-payer system has one type of delivery system (fee-for-service), while an employer mandate allows a c…

4. If a company expects to sell 4,500 units, has a DOL of 2 and a % change in Op

4. If a company expects to sell 4,500 units, has a DOL of 2 and a % change in Operating Cash Flow of 22% (positive), how many units did they actually sell? a.  400 b.  440 c.  4,4…

4. If currency held by the public equals S100 billion, reserves held by banks eq

4. If currency held by the public equals S100 billion, reserves held by banks equal S50 billion, and bank deposits equal S500 billion, then the monctary base equals: A) S50 billio…

4. If expectations are revised so that the public believes the inflation rates w

4. If expectations are revised so that the public believes the inflation rates will rise, then the short run phillips curve will: (Points : 7)        shift upward        shift dow…

4. If the price of coffee decreases, the demand curve for tea (a substitute good

4. If the price of coffee decreases, the demand curve for tea (a substitute good) will: a. remain unchanged. b. shift to the right. c. shift to the left. d. do none of the above 5…