Economics

5. Explaining the excessive health insurance in the United States Many economist

5. Explaining the excessive health insurance in the United States Many economists believe that the United States health system has become too reliant on health insurance, especial…

5. Figure: Unions: Set Wages Unions: Set Wages Labor Supply 18 Wage 16 14 12 -Se

5. Figure: Unions: Set Wages Unions: Set Wages Labor Supply 18 Wage 16 14 12 -Set wage 10- Labor Demand 0 10 20 30 40 50 26.67 Labor Refer to the graph above to answer the followi…

5. Fiscal Policy and Current Account (Total 10 Points). From the Financial Times

5. Fiscal Policy and Current Account (Total 10 Points). From the Financial Times May 15, 2017 “The International Monetary Fund has called on Germany to spend more on infrastructur…

5. Fiscal multipliers The blue line on the following graph shows the planned agg

5. Fiscal multipliers The blue line on the following graph shows the planned aggregate spending line for a hypothetical economy. The graph also shows a 45-degree line. Initially, …

5. Fixed exchange rates Consider the exchange rate between the Moroccan dirham a

5. Fixed exchange rates Consider the exchange rate between the Moroccan dirham and the euro. Suppose the Moroccan government and the Eurozone governments agree to fix the exchange…

5. Fixed versus floating exchange rates Aa Aa ? In Israel, the exchange rate is

5. Fixed versus floating exchange rates Aa Aa ? In Israel, the exchange rate is determined by the market, and the government makes no attempt to determine its level. This is an ex…

5. For a firm in a perfectly competitive market, marginal revenue a is the addit

5. For a firm in a perfectly competitive market, marginal revenue a is the addition tototal revenue from producing one more unit of output. b. decreases as the firm produces more …

5. For each of the following utility functions, draw the three indierence curves

5. For each of the following utility functions, draw the three indierence curves that correspond to the three stated utility levels, labeling each curve with the corresponding uti…

5. For each of the following, determine whether it represents moral hazard, adve

5. For each of the following, determine whether it represents moral hazard, adverse selection, both, or neither. A. A board of directors that compensates their CEO primarily throu…

5. For the last 70 years the U.S. government has used price supports to provide

5. For the last 70 years the U.S. government has used price supports to provide income assistance to American farmers. At times the government has used price floors, which it main…

5. For this question, read the Project Guidelines for Chapter 4 and 7. A firm re

5. For this question, read the Project Guidelines for Chapter 4 and 7. A firm recorded its sales (Qt) in monthly observations from January 2013 to August 2014. The data collected …

5. For which decision would marginal analysis be MOST relevant? Should George ac

5. For which decision would marginal analysis be MOST relevant? Should George accept a job with Delta Airlines or with Greenpeace? O Should Mary go to graduate school after gradua…

5. Former Major League Baseball player and radio game announcer Bob Uecker sough

5.   Former Major League Baseball player and radio game announcer Bob Uecker sought an injunction against Ann Ladd, alleging a six- or seven-year pattern of harassment. Ladd, who …

5. From the short-run equilibrium to the long-run equilibrium: an adjustment to

5. From the short-run equilibrium to the long-run equilibrium: an adjustment to the potential Real GDP A. Recessions and an adjustment to full employment level of Real GDP (potent…

5. General Cereals is using a regression model to estimate the demand for Tweeti

5. General Cereals is using a regression model to estimate the demand for Tweetie Sweeties, a whistle-shaped, sugar-coated breakfast cereal for children. The following (multiplica…

5. Given C-200+ 0.75Y, the multiplier (without considering imports) is: A)0.25.

5. Given C-200+ 0.75Y, the multiplier (without considering imports) is: A)0.25. B) 0.75. C) 4. D) 1.33. 6. If the marginal propensity to save is 0.10, the marginal propensity to i…

5. Given the following data for an economy, compute the value of GDP . Note: The

5. Given the following data for an economy, compute the value of GDP. Note: There may be more pieces of information than you need to answer this question. All numbers are in billi…

5. Given the following variables in the open economy aggregate expenditure model

5. Given the following variables in the open economy aggregate expenditure model, autonomous consumption (C0) = 200, autonomous investment (I0) = 200, government spending (G0) = 1…

5. Given the nation has a capital account surplus and a federal budget deficit,

5. Given the nation has a capital account surplus and a federal budget deficit, which of the following is an effect of an increase in interest rates? a. Lower structural unemploym…

5. Given: C-100+8(Y-T IfT-0, what is the valuc of C when Y-1,000? a Answer: b If

5. Given: C-100+8(Y-T IfT-0, what is the valuc of C when Y-1,000? a Answer: b IfT 100, what is the value of C when Y 1,000? Answer 6 Line A Line B a. Line B in the graph above ill…

5. Harriet Marcus is concerned about the financing of a home. She saw a small co

5. Harriet Marcus is concerned about the financing of a home. She saw a small cottage that sells for $46,000. Assuming that she puts 30% down, what will be her monthly payment and…

5. Henry Shortchap is the only blacksmith in the small village of Chestnut Tree.

5. Henry Shortchap is the only blacksmith in the small village of Chestnut Tree. The village is composed of twenty-one households evenly distributed one-tenth of a mile apart alon…

5. Here are some numbers: OUtp Marginal cost Variable cost Average fixed cost Pr

5. Here are some numbers: OUtp Marginal cost     Variable cost Average fixed cost        Price per unit 1               20                     ?                  300              …

5. Here is a softball: On the demand side, the economies of Europe and developin

5. Here is a softball: On the demand side, the economies of Europe and developing countries are weak and vehicles are becoming more energy-efficient. So demand for fuel is lagging…

5. How does an increase of money supply affect the macro economylin the short-ru

5. How does an increase of money supply affect the macro economylin the short-run and in the long-run? Compare the views of different school of thought b) Compare general equilibr…

5. How does cyclical unemployment relate to a nation’s production possibilities

5. How does cyclical unemployment relate to a nation’s production possibilities curve and how does cyclical unemployment behave across the business cycle? 6. What sorts of events …

5. How has the price ceiling affected producer surplus? Why did it have this eff

5. How has the price ceiling affected producer surplus? Why did it have this effect? 6. Has a deadweight loss been created? Why? Does the price ceiling cause economic inefficiency…

5. If Jim cannot increase production of good X without decreasing the production

5. If Jim cannot increase production of good X without decreasing the production of Y A. then Jim is producing on his PPC. B. then Jim is producing outside his PPC C. then Jim is …

5. If Tiger Toys faces a demand curve of P = 85 0.25Q and a MC = ATC = 20, then

5. If Tiger Toys faces a demand curve of P = 85 0.25Q and a MC = ATC = 20, then the output would be A. 65.0 units. B. 85.0 units. C. 130.0 units. D. 32.5 units. 6. If Tiger Toys f…

5. If domestic and foreign prices rise by the same relative amount, what will ha

5. If domestic and foreign prices rise by the same relative amount, what will happen to the trade balance? A) It will rise. B) nothing C) It will fall. D) not enough information 6…

5. If the number of licensed medical practitioners is less than it would otherwi

5. If the number of licensed medical practitioners is less than it would otherwise be, thern 1. T/F: State legislatures usually create licensure boards and requirements in respons…

5. If you are evaluating a project that has a cost of capital of 12% and your an

5. If you are evaluating a project that has a cost of capital of 12% and your analysis results in a negative NPV, which of the following statements is true? Question 5 options: Th…

5. Imagine you are interested in studying the relationship between climate and i

5. Imagine you are interested in studying the relationship between climate and income across U.S. cities. You run the following model: log (GDP) = 0 + ,Temp + 2 Precip + u Where l…

5. In 1999, the U.S. Bureau of Labor Statistics reported that hourly compensatio

5. In 1999, the U.S. Bureau of Labor Statistics reported that hourly compensation costs per U.S. manufacturing workers were $19.20, while those in Mexico were $2.12. Recognizing t…

5. In Figure 2 a. A lender is initially choosing point A. Then the interest rate

5. In Figure 2 a. A lender is initially choosing point A. Then the interest rate decreases. The substitu- tion efect is from point A to point D and the income effect is from point…

5. In Home and Foreign, there are two factors each of production, land, and labo

5. In Home and Foreign, there are two factors each of production, land, and labor used to produce only one good. The land supply in each country and the technol- ogy of production…

5. In a CLOSED economy, national saving equals which of the following? A. income

5. In a CLOSED economy, national saving equals which of the following? A. income plus the sum of consumption and government expenditures B. income minus the sum of consumption and…

5. In a fully labeled graph, illustrate the following scenario: If Greece leaves

5. In a fully labeled graph, illustrate the following scenario: If Greece leaves the Euro zone there will be macroeconomic consequences. The possible collapse of the Euro zone act…

5. In a long-run equilibrium, monopolistically competitive firms produce where:

5. In a long-run equilibrium, monopolistically competitive firms produce where: A. marginal cost is equal to price. B. marginal revenue is equal to price. C. average total cost is…

5. In a perfectly competitive industry, the market price is $25. A firm is curre

5. In a perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28, its marginal cost is $20, and…

5. In each of the following cases, either arecessionary or inflationary gap exis

5. In each of the following cases, either arecessionary or inflationary gap exists. Assume that the aggregatesupply curve is horizontal so that the change in real GDP arisingfrom …

5. In our discussion about fisheries, we described two main schools (pardon the

5. In our discussion about fisheries, we described two main schools (pardon the pun) of thought about solutions to overfishing. Consider a lake next to a small, remote town. The r…

5. In our discussion about fisheries, we described two main schools (pardon the

5. In our discussion about fisheries, we described two main schools (pardon the pun) of thought about solutions to overfishing. Consider a lake next to a small, remote town. The r…

5. In the market for blue jeans, indicate whether each of the following would re

5. In the market for blue jeans, indicate whether each of the following would result in an increase or decrease in supply of jeans, or an increase or decrease in the quantity supp…

5. In this last problem, (Pete enjoys rockconcerts and the opera. The table show

5.    In this last problem, (Pete enjoys rockconcerts and the opera. The table shows the marginal utilityhe gets from each activity. 1 120 200 2 100 160 3 80 120 4 60 80 5 40 40 6…

5. Income adjustment mechanism and the foreign repercussion effect Aa Aa Conside

5. Income adjustment mechanism and the foreign repercussion effect Aa Aa Consider a world consisting of equal-sized economies, Canada and Australia, that are on a system of fixed …

5. Income inequality in the United States Over the past few decades, income ineq

5. Income inequality in the United States Over the past few decades, income inequality in the United States, measured by the relative shares of total income eaned by the top and b…

5. Indicate whether each of the following statements is true or false, and expla

5. Indicate whether each of the following statements is true or false, and explain your answer. A. If a monoplist is producing a level of output at which demand is inelastic, the …

5. Inequity Aversion in a Simple Game: Consider the game illustrated in Figure 4

5. Inequity Aversion in a Simple Game: Consider the game illustrated in Figure 4 (a) Suppose player 1 has not chosen the outcome A. Consider the following two games : A=(7, 100). …

5. Interest rate spread Suppose that a 5-year Treasury bond pays an annual rate

5. Interest rate spread Suppose that a 5-year Treasury bond pays an annual rate of return of 4.3%, and a 5-year bond of the fictional company Risky Investment Inc. pays an annual …