Economics

5. Interest, inflation, and purchasing power Suppose Ana is a sports fan and buy

5. Interest, inflation, and purchasing power Suppose Ana is a sports fan and buys only baseball Assume this interest rate is fixed-that is, it won't change over time. At the time …

5. Interest, inflation, and purchasing power Suppose Ginny is a cinephile and bu

5. Interest, inflation, and purchasing power Suppose Ginny is a cinephile and buys only movie tickets. Ginny deposits $4,000 in a bank account that pays an annual nominal interest…

5. Internet-based services such as Facebook, Instagram and Twitter have moderate

5. Internet-based services such as Facebook, Instagram and Twitter have moderate fixed costs of production and extremely low average and marginal costs. These cost structures typi…

5. Intuitive Question 2 (15 pts) Consider the following situation: I prefer base

5. Intuitive Question 2 (15 pts) Consider the following situation: I prefer baseball to basketba I am indifferent between hockey and golf I prefer basketball to golf. I prefer bas…

5. Is Medicaid an equitably financed program? A. Yes, because the benefits go to

5. Is Medicaid an equitably financed program? A. Yes, because the benefits go to low-income groups and the program is funded by income taxes B. Yes, because Medicaid beneficiaries…

5. Is a price-searcher market efficient? Consider a firm that produces polo shir

5. Is a price-searcher market efficient? Consider a firm that produces polo shirts in a competitive price-searcher market. The following graph shows its demand curve, marginal rev…

5. Is the quality of care different in a for-profit versus not-for-profit hospit

5. Is the quality of care different in a for-profit versus not-for-profit hospital? What differences in services might occur during or after a stay in a for-profit versus not-for-…

5. It has been conjectured that workplace bans induce smokers to quit by reducin

5. It has been conjectured that workplace bans induce smokers to quit by reducing their opportunities to smoke. Using data on a sample of 10,000 US indoor workers, you estimate th…

5. Jack deposits his money at Bank 1, while Maria deposits her money at Bank 2.

5. Jack deposits his money at Bank 1, while Maria deposits her money at Bank 2. Balance sheets for each bank are listed below. Bank 1 Assets Reserves $200,000 Property 600,000 Loa…

5. Joseph and three friends bought a $260,000 house close to the university at t

5. Joseph and three friends bought a $260,000 house close to the university at the end of August last year. At that time, they put down a deposit of $10,000 and took out a mortgag…

5. Labor market definitions Complete the following table by selecting the term t

5. Labor market definitions Complete the following table by selecting the term that matches each definition on the left. Which of the following events may increase the marginal pr…

5. Last month you introduced a new product to the market. Consumer d emand has b

5. Last month you introduced a new product to the market. Consumer d emand has been overwhelming and it appears that strong demand will exist over the long-term situation, managem…

5. Limitations of GDP Although GDP is a reasonably good measure of a nation\'s o

5. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation Which of the …

5. Liquidity risk Which of the following are sources of liquidity risk? Check al

5. Liquidity risk Which of the following are sources of liquidity risk? Check all that apply. An increase in the amount of interest rate-sensitive liabilities An unexpected decrea…

5. Majority rule and efficiency Andrew, Beth, Darnell, Eleanor, and Teresa share

5. Majority rule and efficiency Andrew, Beth, Darnell, Eleanor, and Teresa share a five-bedroom house and are all huge New York Yankees fans. The only way they can watch every awa…

5. Marginal revenue is the additionalrevenue that companies make when they sell

5.   Marginal revenue is the additionalrevenue that companies make when they sell more copies of Vista.Think about your answers to the previous questions. You should havefound tha…

5. Markets tend to over allocate resources to the production of a good when A) t

5. Markets tend to over allocate resources to the production of a good when A) there are negative externalities. B) there are positive externalities. C) the internal costs are gre…

5. Measuring GDP Aa Aa The following table shows data on consumption, investment

5. Measuring GDP Aa Aa The following table shows data on consumption, investment, exports, imports, and government expenditures for the United States in 2003, as published by the …

5. Measuring the slopes of lines Aa Aa Because different cities are located in d

5. Measuring the slopes of lines Aa Aa Because different cities are located in different climates, the relationship between hours of sunlight and average temperature may vary. The…

5. Monopolistic competition versus perfect competition Aa Aa Suppose that a firm

5. Monopolistic competition versus perfect competition Aa Aa Suppose that a firm produces wall calendars in a monopolistically competitive market. The following graph shows its de…

5. Monopoly outcome versus competition outcome Consider the daily market for hot

5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many ho…

5. Monopoly versus perfect competition Aa Aa Consider the market for hot dogs in

5. Monopoly versus perfect competition Aa Aa Consider the market for hot dogs in a small dity. Suppose that being a hot dog vendor requires a licence, which is easily Issued. Assu…

5. Movements along versus shifts of demand and supply curves Aa Aa Consider the

5. Movements along versus shifts of demand and supply curves Aa Aa Consider the demand for hot dogs. Which of the following would cause a movement along the demand curve (that is,…

5. Mr. Lee operates a greengrocery in a building he owns in one of the outer bor

5. Mr. Lee operates a greengrocery in a building he owns in one of the outer boroughs of New York City. Recently, a large chemical firm offered him a position as a senior engineer…

5. Mr. Smith has a weekly income of M = $24. Initially the prices of X and Y are

5. Mr. Smith has a weekly income of M = $24. Initially the prices of X and Y are both $2/unit and Mr. Smith buys 6 units each of X and Y each week, a bundle on indifference curve …

5. Multiple-deposit expansion of the money supply Aa Aa Suppose First Main Stree

5. Multiple-deposit expansion of the money supply Aa Aa Suppose First Main Street Bank, Second Dominion Bank, and Third Rdelity Bank choose to keep 20% of all demand deposits as r…

5. Nate Jensen (2003), a professor of Political Science at the University of Tex

5. Nate Jensen (2003), a professor of Political Science at the University of Texas at Austin, was curious about the impact of political regime on the inflows of foreign direct inv…

5. OPEC successfully raised the world price of oil in the 1970s and early 1980s,

5. OPEC successfully raised the world price of oil in the 1970s and early 1980s, primarily due to: a. an inelastic demand for oil and a reduction in the amount of oil supplied. b.…

5. Omega Hospital’s Open Heart Program has seen a decline in volume due to the n

5. Omega Hospital’s Open Heart Program has seen a decline in volume due to the number of patients having stents inserted at a major competitor’s cardiac catheterization lab. The C…

5. On any given evening, J.P. enjoys consuming cigars (C) and glasses of brandy

5. On any given evening, J.P. enjoys consuming cigars (C) and glasses of brandy (B) according to his utility function U(C, B) 20C- C2 18B - 3B2. While cost is no object to J.P. (i…

5. One key difference between traditional economics and behavioral economics is

5. One key difference between traditional economics and behavioral economics is a) b) c) d) A. Traditional economics does not argue that markets are efficient while behavioral eco…

5. Open market transactions involve which of the following activities? I. issuin

5. Open market transactions involve which of the following activities? I. issuing new Federal Reserve notes II. buying or selling newly issued government bonds to raise funds for …

5. Opportunity cost and production possibilities Caroline is a skilled toy maker

5. Opportunity cost and production possibilities Caroline is a skilled toy maker who is able to produce both trains and kites. She has 8 hours a day to produce toys. The following…

5. Optimal consumption of a commons Aa Aa A small village is located near a bay.

5. Optimal consumption of a commons Aa Aa A small village is located near a bay. There are five people in the village, each of whom has accumulated savings of $1,000. Each person …

5. Other things equal what effects would each of the following have on aggregate

5. Other things equal what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilib…

5. P x Q = a. MC b. TR c. MR d. TC 6. When demand is price-inelastic, a price de

                5. P x Q =                    a. MC                          b. TR                          c. MR                                       d. TC                 6. Wh…

5. Policies to reduce poverty Using several types of public policies, the govern

5. Policies to reduce poverty Using several types of public policies, the government has attempted to alleviate poverty, with varying success. One example is minimum wage laws. An…

5. Problems and Applications Q5 1. Short Run 2. Long Run STEP: 1 of 2 Suppose th

5. Problems and Applications Q5 1. Short Run 2. Long Run STEP: 1 of 2 Suppose the book-printing industry is competitive and begins in a long-run equilibrium. Then Hi-Tech Printing…

5. Problems and Applications Q5 Consider the effects of inflation in an economy

5. Problems and Applications Q5 Consider the effects of inflation in an economy composed of only two people: Felix, a bean farmer a rice farmer. Felix and Janet both always consum…

5. Problems and Applications Q5 Economists use labor-market data to evaluate how

5. Problems and Applications Q5 Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are…

5. Problems and Applications Q5 Suppose the book-printing industry is competitiv

5. Problems and Applications Q5 Suppose the book-printing industry is competitive and begins in a long-run equilibrium. Then Hi-Tech Printing Company invents a new process that sh…

5. Problems and Applications Q5 The many identical residents of Whoville love dr

5. Problems and Applications Q5 The many identical residents of Whoville love drinking Zlurp. Each resident has the following willingness to pay for the tasty refreshment: Willing…

5. Producer surplus for a group of sellers The following graph shows the supply

5. Producer surplus for a group of sellers The following graph shows the supply curve for a group of sellers in the Canadian market for tablets (orange line). Each seller has only…

5. Producer\'s surplus and price changes The following graph shows the supply cu

5. Producer's surplus and price changes The following graph shows the supply curve for a group of students looking to sell used graphing calculators. Each student has only one use…

5. Productivity and output around the world. Home Gi U.S. Productivity and Growt

5. Productivity and output around the world. Home Gi U.S. Productivity and Growth Graded Assignment Due Friday 01.12.18 at 11 45 PM Attempts: Average: /2 5. Productivity and outpu…

5. Profit maximization and shutting down in the short run Suppose that the marke

5. Profit maximization and shutting down in the short run Suppose that the market for black sweaters is a competitive market. The following graph shows the daily cost curves of a …

5. Purchasing power parity Aa In January 2010, the price of a Big Mac in Canada

5. Purchasing power parity Aa In January 2010, the price of a Big Mac in Canada was $3.63. Using data from The Economist's Big Mac Index for January 2010, the following table show…

5. Question : (TCO D) A software producer has fixed costs of $18,000 per month a

5. Question : (TCO D) A software producer has fixed costs of $18,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below: Q TVC Price 1,000 $15,…

5. Read the 2015 article “Why Gogo\'s Infuriatingly Expensive, Slow Internet Sti

5. Read the 2015 article “Why Gogo's Infuriatingly Expensive, Slow Internet Still Owns the Skies” from Bloomberg Businessweek found at (article is also available as a PDF on Black…

5. Read the following article. In your opinion, what can the Australian governme

5. Read the following article. In your opinion, what can the Australian government do now to solve the future housing affordability for your generation? http://www.abc.net.au/news…