Economics

5a. Identify three factors that might shift the demand curve for foreign exchang

5a. Identify three factors that might shift the demand curve for foreign exchange to the right. Increase exports Decrease exports Increase imports Decrease exports Increase local …

5a. If milk costs 4 USD per gallon in the United States and 3 GBP per gallon in

5a. If milk costs 4 USD per gallon in the United States and 3 GBP per gallon in Great Britain, if there is purchasing power parity, what is the nominal exchange rate? What is the …

5e the ble%ing to answer questions 15-18 The Sumshine Corporation eds that ins c

5e the ble%ing to answer questions 15-18 The Sumshine Corporation eds that ins costs information·' hange with output as shown in the accompanying table Use this are 540 when it pr…

5of 21 (5 complete) In a market system, buyers and sellers collectively decide w

5of 21 (5 complete) In a market system, buyers and sellers collectively decide what will be produced, and those tems are then distrbuted to perqpl whe ae Which of the following ar…

6 (2.5 points). How many historical periods are identified that are separated fr

6 (2.5 points). How many historical periods are identified that are separated from each other by significant accelerations in the pace of social exchanges as well as a widening of…

6 (W11LO3). Food\'s Next Billion-Dollar Brand? While it\'s not the biggest brand

6 (W11LO3). Food's Next Billion-Dollar Brand? While it's not the biggest brand in margarine, Smart Balance has an edge on its rivals in that it's made with a patented blend of veg…

6 - Which of these factors has given elected officials a reason to pursue health

6 - Which of these factors has given elected officials a reason to pursue healthcare reform? A) Health insurance companies want a more rational system of healthcare regulation. B)…

6 A firm in a purely com ndustry is currently producing 1,000 units per day at a

6 A firm in a purely com ndustry is currently producing 1,000 units per day at a total cost of $500. If the firm produced 800 units per day, its total cost would be $350, and if i…

6 Assume that your roommate, Linda, is very messy. Suppose she gets a $100 benef

6 Assume that your roommate, Linda, is very messy. Suppose she gets a $100 benefit from being messy but imposes a $200 cost on you. What would the erd Coase theorem suggest would …

6 Income inequality and the poverty rate The fullowing table summarizes the inco

6 Income inequality and the poverty rate The fullowing table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every indvidual …

6 Net income of an industry can be expected to be LOWER if the following are tru

6 Net income of an industry can be expected to be LOWER if the following are true (circle all that apply) (A) (B) (C) (D) The power of suppliers is low The power of customers is h…

6 On March &, 2014, Malaysia Airlines flight 370, en route from Malaysia to Chin

6 On March &, 2014, Malaysia Airlines flight 370, en route from Malaysia to China just disappeared from the radar In the weeks that followed, no sign of the plane was found an…

6 W E B N M 10. [Related to Solved Problem 85 Use the information in the followi

6 W E B N M 10. [Related to Solved Problem 85 Use the information in the following table to determine the percentage changes in the U.S. and French real minimum wages between 1957…

6 What is the law of demand? How is it explained? What can cause a change in dem

6 What is the law of demand? How is it explained? What can cause a change in demand? A change in quantity demanded? 7. How does one derive a market demand curve? What assumption(s…

6 When we put a price tag on goods and services, we are using money as a A) stor

6 When we put a price tag on goods and services, we are using money as a A) store of value. B) medium of exchange. C) barter token. D) unit of account. E) means of payment. 7 When…

6 of 11 (5 complete) xt Exercise 5.4 e Blackberry production function indicated

6 of 11 (5 complete) xt Exercise 5.4 e Blackberry production function indicated in the text is Q-2.83 152K0 82 hore L is labor and K is capital. pple at al. (2010) estimate that t…

6 pts) A manufacture has been selling 1900 television sets a week at $540 each.

6 pts) A manufacture has been selling 1900 television sets a week at $540 each. A market survey indicates that for each $11 rebate offered to a buyer, the number of sets sold will…

6) 115 points] A producer of ceramic bird houses is a monopolist and can produce

6) 115 points] A producer of ceramic bird houses is a monopolist and can produce at a constant average and marginal cost of Originally, the firm faces a market demand curve given …

6) A Type I error is: the probability of rejecting the null hypothesis when the

6) A Type I error is: the probability of rejecting the null hypothesis when the null is true. the probability of rejecting the alternative hypothesis when the null is true. the pr…

6) A large tax on a pack tax on cigarettes will: Shift the supply of cigarettes

6) A large tax on a pack tax on cigarettes will: Shift the supply of cigarettes in and to the left, raising the equilibrium price and quantity of cigarettes. Shift the demand for …

6) A perfectly competitive firm will maximise profit when the quantity produced

6) A perfectly competitive firm will maximise profit when the quantity produced is such that the A) price exceeds the firm's marginal cost by as much as possible. B) firm's margin…

6) According to Classical theory, the economy is self-regulating. If it is in a

6) According to Classical theory, the economy is self-regulating. If it is in a recessionary gap, what happens? Question options: Wages rise, the SRAS curve shifts leftward, and b…

6) According to the equation of exchange, which of the following are assumed to

6) According to the equation of exchange, which of the following are assumed to be constant ? A) income and prices B) income and the velocity of circulation C) the money supply an…

6) According to the equation of exchange, which of the following are assumed to

6) According to the equation of exchange, which of the following are assumed to be constant ? A) income and prices B) income and the velocity of circulation C) the money supply an…

6) America’s strength as a dominant power A) is one-dimensional. B) is multidime

6) America’s strength as a dominant power A) is one-dimensional. B) is multidimensional. C) is based on its history. D) None of the above 7) World War I was significant in America…

6) An inheritance will be $50,000. The interest rate for the time value of money

6) An inheritance will be $50,000. The interest rate for the time value of money is 8%. How much is the inheritance worth now, if it will be received in 20 years? 7)A man borrowed…

6) Assume that the LCD and plasma TV sets industry is perfectly competitive. Sup

6) Assume that the LCD and plasma TV sets industry is perfectly competitive. Suppose a producer develops a successful innovation that enables it to lower its cost of production. W…

6) Assume that the currency-deposit ratio is 0.5. The Federal Reserve carries ou

6) Assume that the currency-deposit ratio is 0.5. The Federal Reserve carries out open-market operations, purchasing $1 million worth of bonds from banks. This action increased th…

6) Assume you live in an economy that has a population of 2,000,000 people over

6) Assume you live in an economy that has a population of 2,000,000 people over the age of 16. The labor force in your economy is 1,200,000 people and 1,000,000 people are current…

6) Bavarian Crystal Works designs and produces lead crystal wine decanters for e

6) Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total an…

6) Consider the following table displaying annual growth rates for nations X, Y,

6) Consider the following table displaying annual growth rates for nations X, Y, and Z, each of which entered 2015 with real per capita GDP equal to $20,000.                      …

6) Current annualized yields on 1 year US treasury securities are only .28%....w

6) Current annualized yields on 1 year US treasury securities are only .28%....while current annualized yields on 2year US treasury securities are .69% (note you may assume that b…

6) During the past twenty years A) the volume of worldwide cross-border transact

6) During the past twenty years A) the volume of worldwide cross-border transactions in stocks and bonds grew very rapidly, but the volume of international bank lending declined. …

6) For a monopoly, marginal revenue A) is equal to the change in total revenue b

6) For a monopoly, marginal revenue A) is equal to the change in total revenue brought about by a one-unit increase in quantity sold. B) is equal to the price taken from the compe…

6) Gina was in a garage band when she was in high school, and the only time they

6) Gina was in a garage band when she was in high school, and the only time they could find to practice was on Saturday morning (much to the dismay of her neighbors.) Suppose the …

6) Given the January 2015 exchange rates (Euros/one unit foreign currency) and t

6) Given the January 2015 exchange rates (Euros/one unit foreign currency) and the appreciation/depreciation information, determine the value of the euro as of Sept 2, 2017? For e…

6) If a factory has a short-run capacity constraint (e-g, an auto plant can only

6) If a factory has a short-run capacity constraint (e-g, an auto plant can only produce 800 cars per day at maximum capacity), the marginal cost of production becomes at the capa…

6) In the figure above, if pizza production increases to 15,000 pizzas a day, th

6) In the figure above, if pizza production increases to 15,000 pizzas a day, the deadweight loss is A) $90,000 per day. B) $22,500 per day C) $45,000 per day. D) zero. E) $12,500…

6) Long-term trends in the exchange rate are caused by ________ factors, while d

6) Long-term trends in the exchange rate are caused by ________ factors, while day-to-day volatility is more likely to be the result of ________. interest rate differentials; tech…

6) Merck & Co. markets a product called ZOCOR that treats people who suffer from

6) Merck & Co. markets a product called ZOCOR that treats people who suffer from high cholesterol and heart disease. ZOCOR works by reducing the amount of cholesterol in your …

6) Office Enterprises (OE) produces a line of metal office file cabinets. The co

6) Office Enterprises (OE) produces a line of metal office file cabinets. The company’s economist, having investigated a large number of past data, has established the following e…

6) Other Price Discrimination: a) Suppose that MS Office contains only two softw

6) Other Price Discrimination: a) Suppose that MS Office contains only two software packages (MS Word and MS Excel). Provide an example to illustrate how selling the two programs …

6) Rank these three goods in the order of least sticky to most sticky: fresh fis

6) Rank these three goods in the order of least sticky to most sticky: fresh fish, used cars, steel rods. A) fresh fish, used cars, steel rods B) steel rods, fresh fish, used cars…

6) Rational ignorance (Multipte Choice Continued) a. Voters know there is a low

6) Rational ignorance (Multipte Choice Continued) a. Voters know there is a low value to being nformed. b. Firms use imperfect information to get consumers c. A seller has more in…

6) Refer to Figure 9.5. If the government establishes a price floor of $2.50, ho

6) Refer to Figure 9.5. If the government establishes a price floor of $2.50, how many pounds of berries will be sold? A) 200 B) 300 C) 400 D) 600 E) 800 Answer: A 7) Refer to Fig…

6) Refer to figure 2. Suppose Angie McMuffin has to choose between building a sm

6) Refer to figure 2. Suppose Angie McMuffin has to choose between building a smaller bakery and a larger bakery. In the following graph, the relationship between costs and output…

6) Suppose an increase in symphony tickets prices reduces the total revenue. Thi

6) Suppose an increase in symphony tickets prices reduces the total revenue. This is evidence that demand is: A. price elastic. B. price inelastic. 7) Consider the market for blcy…

6) Suppose an increase in symphony tickets prices reduces the total revenue. Thi

6) Suppose an increase in symphony tickets prices reduces the total revenue. This is evidence that demand is: A price elastic. B. price inelastic. 7) Consider the market for bicyc…

6) Suppose the two largest auto manufacturers, Toyota and GM, considering enteri

6) Suppose the two largest auto manufacturers, Toyota and GM, considering entering a market for electric automobiles and that their profits (in millions of dollars) from entering …

6) The table below provides information on the quantity of laptops supplied and

6) The table below provides information on the quantity of laptops supplied and demanded in a market at various prices. Consider this information and answer the following question…