Economics

5. The CPI is 1.100 in year one, 1.210 in year two, and 1.331 in year three. The

5. The CPI is 1.100 in year one, 1.210 in year two, and 1.331 in year three. The price of pencils increases by 7% between year 1 and year 2, and by another 7% between year 2 and y…

5. The Charlotte Bobcats, a professional basketball team, has been offered the o

5. The Charlotte Bobcats, a professional basketball team, has been offered the opportunity to purchase the contract of an aging superstar basketball player from another team. The …

5. The Federal Open Market Committee (FOMC): a) b) c) d) Follows the actions and

5. The Federal Open Market Committee (FOMC): a) b) c) d) Follows the actions and operations of financial markets to keep them open and competitive Monitors regulatory banking laws…

5. The Federal Reserve\'s organization The Federal Reserve\'s role as a lender o

5. The Federal Reserve's organization The Federal Reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? Governmen…

5. The Phillips curve in the late 20th century The following table shows selecte

5. The Phillips curve in the late 20th century The following table shows selected data on unemployment and inflation in the United States between 1961 and 1965. Unemployment Rate …

5. The aggregate demand curve is downward-sloping because a. higher prices make

5. The aggregate demand curve is downward-sloping because a. higher prices make business more profitable and thus output expands b. lower prices makes business conditions more att…

5. The arguments for restricting trade Suppose there is a policy debate regardin

5. The arguments for restricting trade Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported semiconductors, Read the following sce…

5. The catch-up effect Consider the economies of Sporon and Gobbledigook, both o

5. The catch-up effect Consider the economies of Sporon and Gobbledigook, both of which produce glops of gloop using only tools and workers. Suppose that, during the course of 50 …

5. The current Chairman of the Board of Governors of the Federal Reserve System

5. The current Chairman of the Board of Governors of the Federal Reserve System (the “Fed”) is A. Alan Greenspan. B. Adam Smith. C. Janet Yellen. D. Timothy Geithner. 6. The feder…

5. The demand curve for a product is given by Qdx = 1,000 – 2Px +.02Pz where Pz

5. The demand curve for a product is given by Qdx = 1,000 – 2Px +.02Pz where Pz = $400. (Hint: If you’re not comfortable with the calculus alternatives, compute Q at the given pri…

5. The demand curve: O shows how much buyers are willing and able to buy at diff

5. The demand curve: O shows how much buyers are willing and able to buy at different prices. O is the amount that buyers are willing and able to buy at a particular price. O show…

5. The effect of negative externalities on the optimal quantity of consumption A

5. The effect of negative externalities on the optimal quantity of consumption Aa Aa Suppose that a steel manufacturing plant in San Francisco dumps toxic waste into a nearby rive…

5. The effects of property rights on achieving efficiency Aa Aa Consider a town

5. The effects of property rights on achieving efficiency Aa Aa Consider a town with a lake. The town has a resort whose vlsitors use the lake for recreatlon. The town also has a …

5. The effects of property rights on achieving efficiency Consider a lake found

5. The effects of property rights on achieving efficiency Consider a lake found in the village of Sturbridge, and then answer the questions that follow. The village has a hiking l…

5. The effects of property rights on achieving efficiency The village has a camp

5. The effects of property rights on achieving efficiency The village has a campground whose visitors use the lake for recreation. The village also has a research lab that dumps i…

5. The equation of exchange Aa Aa The equation of exchange is given by M x V = P

5. The equation of exchange Aa Aa The equation of exchange is given by M x V = P x Q, where M is the money supply, V is the velocity of money, P is the economy's price level, and …

5. The following diagram shows the market demand curve of Apple Cinnamon Cheerio

5. The following diagram shows the market demand curve of Apple Cinnamon Cheerios, the isopcofit curves of the producer firm, and the firm's profit function curve. Based on the gr…

5. The following matrix shows the strategies of At & T and Verizon for charges f

5. The following matrix shows the strategies of At & T and Verizon for charges for long distance calls. The payoff matrix shows the profits each makes in millions of dollars. …

5. The following payoff matrix shows the profits (in millions) of two colluding

5. The following payoff matrix shows the profits (in millions) of two colluding firms. If they both stick to their original agreement, they will equally split $500 million in avai…

5. The following regressien sodel mas oeve lopes by Teyets ot Terrance. parketin

5. The following regressien sodel mas oeve lopes by Teyets ot Terrance. parketing researcher 4.50 LPricehonda0.45 LPPicegasoline where the variables are in logarithmic fors which …

5. The following static game of complete information (Matching Pennies) has no p

5. The following static game of complete information (Matching Pennies) has no pure-strategy Nash equilibrium but has one mixed-strategy Nash equilibrium: each player plays H with…

5. The fundamental explanation of why commercial banking system can create money

5. The fundamental explanation of why commercial banking system can create money lies in: a. b. fractional reserve system federal reserve system c. the consumption function a. pri…

5. The government is considering increasing the tax on gasoline by $3 per gallon

5. The government is considering increasing the tax on gasoline by $3 per gallon and has asked you to determine the impact on Janet’s consumer surplus. Janet spends 5% of her inco…

5. The government of Fairlandia has announced a new policy requiring all employe

5. The government of Fairlandia has announced a new policy requiring all employers to subsidise the childcare arrangements of their workers with young children. For simplicity, su…

5. The long-run aggregate supply curve Aa Aa Suppose the hypothetical economy of

5. The long-run aggregate supply curve Aa Aa Suppose the hypothetical economy of Larryopia produces real GDP of $40 billion when unemployment is at its natural rate. Use the purpl…

5. The market demand in a Bertrand duopoly is P = 10-3Q, and the marginal costs

5. The market demand in a Bertrand duopoly is P = 10-3Q, and the marginal costs are $1. Fixed costs are zero for both firms. Which of the following statement(s) is/are true? A, P …

5. The mission statement for the Organization of Petroleum Exporting Countries s

5. The mission statement for the Organization of Petroleum Exporting Countries states, “the mission of the Organization of the Petroleum Exporting Countries (OPEC) is to coordinat…

5. The monetary multiplier Suppose that Antonio makes a new cash deposit of $65,

5. The monetary multiplier Suppose that Antonio makes a new cash deposit of $65,000. If the assumptions of the multiplier-deposit expansion process hold. (with the required reserv…

5. The owner of a tooling factory wants to find a use that will yield desirable

5. The owner of a tooling factory wants to find a use that will yield desirable return on investment. After much study and calculation, the owner decides that the two best alterna…

5. The price of a ont latr, hpular style of hoen inoresn fallen by 15 percent. s

5. The price of a ont latr, hpular style of hoen inoresn fallen by 15 percent. shoe wasi the nunber of pa One of this style of shoes purchased had by ao percena h er of pairs thi …

5. The price of trade Suppose that France and Germany both produce beer and oliv

5. The price of trade Suppose that France and Germany both produce beer and olives. France's opportunity cost of producing a crate of olives is 3 barrels of beer while Germany's o…

5. The price of trade Suppose that Greece and Sweden both produce fish and shoes

5. The price of trade Suppose that Greece and Sweden both produce fish and shoes. Greece's opportunity cost of producing a pair of shoes is 5 pounds of fish while Sweden's opportu…

5. The price of trade Suppose that Italy and Sweden both produce fish and staine

5. The price of trade Suppose that Italy and Sweden both produce fish and stained glass. Italy's opportunity cost of producing a pane of stained glass is 5 pounds of fish while Sw…

5. The price of trade Suppose that Italy and Sweden both produce oil and shoes.

5. The price of trade Suppose that Italy and Sweden both produce oil and shoes. Italy's opportunity cost of producing a pair of shoes is 4 barrels of oil while Sweden's opportunit…

5. The price of trade Suppose that Portugal and Denmark both produce rye and sho

5. The price of trade Suppose that Portugal and Denmark both produce rye and shoes. Portugal's opportunity cost of producing a pair of shoes is 4 bushels of rye while Denmark's op…

5. The price of trade that Italy and Germany both produce beer and Shoes Italy\'

5. The price of trade that Italy and Germany both produce beer and Shoes Italy's opportunity cost of producing a pair of shoes is 3 barrels of b Germany's opportunity cost of prod…

5. The principle “survival of the fittest” tells us that A. only the most innova

5. The principle “survival of the fittest” tells us that A. only the most innovative and adaptive firms are likely to survive competition. B. only the most innovative and adaptive…

5. The problem of overuse Aa Aa Alex, Manuel, and Steve are fishermen who live n

5. The problem of overuse Aa Aa Alex, Manuel, and Steve are fishermen who live next to a lake that is open to fishing; in other words, anyone is free to use the lake for fishing. …

5. The problem of overuse Aa Aa Brian, Mitch, and Tim are hunters who live next

5. The problem of overuse Aa Aa Brian, Mitch, and Tim are hunters who live next to a hunting ground that is open to hunting; in other words, anyone is free to use the hunting grou…

5. The role of brand names and advertising Which of the following statements abo

5. The role of brand names and advertising Which of the following statements about expenditures on advertising is true? If a firm knows its product is of low quality, it will be w…

5. The role of brand names and advertising Which of the following statements abo

5. The role of brand names and advertising Which of the following statements about expenditures on advertising is true? If a firm knows its product is of low quality, it will be w…

5. The rule of 70 The lifetime real income of most workers is determined by the

5. The rule of 70 The lifetime real income of most workers is determined by the real compensation they receive for their labor. (Even if a worker earns investment income later in …

5. The salary of an American citizen working in London is part of U.K. GNP and U

5. The salary of an American citizen working in London is part of U.K. GNP and U.S. GDP U.K. GNP and U.S. GNP U.K. GDP and U.S. GDP U.K. GDP and U.S. G . 6. Suppose that a company…

5. The simple money multiplier Aa Aa Suppose that the Bank of Canada buys $150,0

5. The simple money multiplier Aa Aa Suppose that the Bank of Canada buys $150,000 of government bonds and the required reserve ratio is 0.30. If the assumptions of the simple mon…

5. The slope of the short-run aggregate supply curve shows that a. as overall pr

5. The slope of the short-run aggregate supply curve shows that a. as overall price levels increase, firms are willing to produce more b. as overall price levels decrease, firms a…

5. The two dry-cleaning companies in Golden, College Cleaners and Big Green Clea

5. The two dry-cleaning companies in Golden, College Cleaners and Big Green Cleaners, are a major source of air pollution. Together they currently produce 350 units of air polluti…

5. There are 10,000,000 players, each of whom has two actions: Revolt, or Not. P

5. There are 10,000,000 players, each of whom has two actions: Revolt, or Not. Payoffs are as follows: (1) If at least 2,000,000 people revolt, the revolution succeeds, and everyo…

5. There exists two types of workers in the market, distinguished by some charac

5. There exists two types of workers in the market, distinguished by some charac- teristic that has no relationship to labor market productivity. There are 100 type 1 workers and …

5. This part of the assignment is purely conceptual with no com putations requir

5. This part of the assignment is purely conceptual with no com putations required. Explain the following with referencesto the required readings: a. What islikely to happen to in…

5. To advertise or not to advertise Suppose that Creamland and Dairy King are th

5. To advertise or not to advertise Suppose that Creamland and Dairy King are the only two firms that sell ice cream. The following payoff matrix shows the profit (in millions of …