Economics

6. Identifying the median voter Musashi, Sean, and Bob are roommates who are try

6. Identifying the median voter Musashi, Sean, and Bob are roommates who are trying to decide how much money each should contribute to a party they are throwing. Sean would ideall…

6. If ESU students are willing to pay $60 for a broadband straight-talk plan, bu

6. If ESU students are willing to pay $60 for a broadband straight-talk plan, but actually 7. If a cross-price elasticity coefficient is negative, the two goods considered must be…

6. If Mexico imposes a tariff on lumber, then which of the following is NOT like

6. If Mexico imposes a tariff on lumber, then which of the following is NOT likely to occur? a. Mexican imports of foreign lumber decrease. b. total surplus in the Mexican lumber …

6. If a competitive firm is (i) selling 1,000 units of its product at a price of

6. If a competitive firm is (i) selling 1,000 units of its product at a price of $9 per unit and (ii) earning a positive profit, then A) its marginal revenue is less than $9. B) i…

6. If a nation imports a good when the economy is opened to trade, the domestic

6. If a nation imports a good when the economy is opened to trade, the domestic price of the good will and domestic consumption will A) rise; rise B) rise; fall C) fall; rise D) f…

6. If the Fed desires to weaken the dollar without affecting the dollar money su

6. If the Fed desires to weaken the dollar without affecting the dollar money supply, it should: a. exchange dollars for foreign currencies, and sell some of its existing Treasury…

6. If the MPC =.75, a $100 billion decrease in taxes would Increase output by $7

6. If the MPC =.75, a $100 billion decrease in taxes would Increase output by $75 billion b. a. Increase output by $100 billion Increase output by $300 billion d. c. Increase outp…

6. If the demand for a good is estimated to be _____, then firms producing the g

6. If the demand for a good is estimated to be _____, then firms producing the good will experience an increase in total revenue if prices fall. A) .05 B) .75 C) 1 D) 2.5 7. When …

6. If the government wants to create a price floor that has a binding impact on

6. If the government wants to create a price floor that has a binding impact on the market, they need to set the price floor: a. b. c. d. Above the market equilibrium price Below …

6. If the marginal propensity to consume is equal to 0.70 and income rises by $2

6. If the marginal propensity to consume is equal to 0.70 and income rises by $20 billion, then consumption spending will rise by a. $ 6 billion b. $14 billion c. $20 billion d. $…

6. If the population growth rate is 2 percent, real GDP per person will double i

6. If the population growth rate is 2 percent, real GDP per person will double in 7 years if real GDP grows by A. 7 B. 10 C. 12 D. 14 percent per year. 7. All of the following inc…

6. If the total cost (TC) of producing computers (Q) is given as: TC 200+5Q then

6. If the total cost (TC) of producing computers (Q) is given as: TC 200+5Q then marginal cost is 5Q 7. Assume that a firm spends S500 on two inputs, labor (graphed on the horizon…

6. If there is an increase in the government budget deficit_______. the demand f

6. If there is an increase in the government budget deficit_______.        the demand for loanablefunds will increase, interest rates will increase, and the amountof borrowing wil…

6. If with one hour of labor time nation A can produce either 3X or 3Y while nat

6. If with one hour of labor time nation A can produce either 3X or 3Y while nation B can produce either 1X or 3Y (and labor is the only input): a. nation A has a comparative disa…

6. If you expect to receive a gift of $50,000 six years from now, the present wo

6. If you expect to receive a gift of $50,000 six years from now, the present worth of the gift at a real interest rate of 4% per year and an inflation rate of 3% per year is clos…

6. If you expect to receive a gift of $50,000 six years from now, the present wo

6. If you expect to receive a gift of $50,000 six years from now, the present worth of the gift at a real interest rate of 4% per year and an inflation rte of 3% per year is close…

6. If you expect to receive a gift of $50,000 six years from now, the present wo

6. If you expect to receive a gift of $50,000 six years from now, the present worth of the gift at a real interest rate of 4% per year and an inflation rate of 3% per year is clos…

6. Implementing fiscal policy Aa Aa Suppose the economy had been producing at th

6. Implementing fiscal policy Aa Aa Suppose the economy had been producing at the natural n following are discretionary fiscal policies that could bring the economy closer to the …

6. In 2010 price level in Kentucky was $40. Nominal GDP of Kentucky was $10 bill

6. In 2010 price level in Kentucky was $40. Nominal GDP of Kentucky was $10 billion. What was the real GDP of Kentucky? a) 20 b) 10 billion c) .25 billion d) 200 billion 7. In the…

6. In Country A, the share of payments to capital in total factor payments (%u03

6. In Country A, the share of payments to capital in total factor payments (%u03B1) is 30 percent, and the capital-output ratio is 2, the depreciation rate (%u03B4) is 5 percent, …

6. In September 2008 the Democratic controlled Congress set out to redesign the

6. In September 2008 the Democratic controlled Congress set out to redesign the 3-page TARP plan from Treasury Secretary Paulson. The secretary was concerned that if the congressi…

6. In a perfetly competitive industry, an individual firm faces: a. a perfectly

6. In a perfetly competitive industry, an individual firm faces: a. a perfectly elastic labor supply curve b. a perfectly inelastic labor supply curve c.a perfectly vertical labor…

6. In the Brander-Spencer model (e.g., Airbus vs. Boeing example in Lecture 23)

6. In the Brander-Spencer model (e.g., Airbus vs. Boeing example in Lecture 23) the subsidy raises profits by more than the subsidy because of A) the military-industrial complex. …

6. In the past, government policies have: a. improved the incomes of \"small\" f

6. In the past, government policies have: a. improved the incomes of "small" farmers relative to "big" farmers b. stabilized US farm exports c. discouraged the production of Gasoh…

6. In the production possibilities framework, economic growth is depicted by the

6. In the production possibilities framework, economic growth is depicted by the PPF a shift outward in the PPF O a shift inward in the PPF O the slope of the PPF becoming steeper…

6. In the short-run, if the market price is below a competitive firm’s average t

6. In the short-run, if the market price is below a competitive firm’s average total cost, the firm should: Select one: a. shut down only if the price is above its average variabl…

6. Income inequality a. Please explain the factors that have contributed to incr

6.   Income inequality a. Please explain the factors that have contributed to increased income inequality since 1969, i.   Discuss each of the following as it contributes to incre…

6. Income inequality a. Please explain the factors that have contributed to incr

6.   Income inequality a.   Please explain the factors that have contributed to increased income inequality since 1969, i.   Discuss each of the following as it contributes to inc…

6. Income inequality a. Please explain the factors that have contributed to incr

6.   Income inequality a.   Please explain the factors that have contributed to increased income inequality since 1969, i.   Discuss each of the following as it contributes to inc…

6. Indicate the effect that each of the following conditions will have on a firm

6. Indicate the effect that each of the following conditions will have on a firm's average vari- able cost curve and its average cost curve a. The movement of a brokerage firm's a…

6. Inefficiency in monopolistically competitive markets is evident because each

6. Inefficiency in monopolistically competitive markets is evident because each firm a. Creates more value relative to their competitors b. Becomes the first firm in the market c.…

6. Inputs that can be increased a. fixed inputs b. variable inputs c. economic i

6. Inputs that can be increased a. fixed inputs b. variable inputs c. economic inputs d. sed or decreased in the short run are called decre accounting inputs e. normal inputs 7. T…

6. Insurance markets are often plagued by problems of asymmetric information. In

6. Insurance markets are often plagued by problems of asymmetric information. In part, this is because insurance markets themselves exist only because of incomplete information—no…

6. It is generally agreed by step? A. A review of the literature B. Identificati

6. It is generally agreed by step? A. A review of the literature B. Identification of the research question C. Development of the research plan most authorities that the research …

6. Launao The following equations describe an economy. C = 50 + 0.75 (Y-T). 1 15

6. Launao The following equations describe an economy. C = 50 + 0.75 (Y-T). 1 150-10 r. (M/P) Y-50r G = 250. T= 200. M = 3,000. p = 4. a. Identify each of the variables and briefl…

6. Let\'s say that in 2019 the United States experiences abnormally good weather

6. Let's say that in 2019 the United States experiences abnormally good weather. This weather is particularly beneficial for agricultural crop production. Determine how the run of…

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

6. 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…

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

6. 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…

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

6. 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…

6. Lobbying for or against trade restrictions Trade restrictions affect the over

6. Lobbying for or against trade restrictions Trade restrictions affect the overall welfare of an economy because they change the price consumers pay for a good and the quantity p…

6. Look at the futures listings for the corn contract in Figure below: Dec 2009

6. Look at the futures listings for the corn contract in Figure below: Dec 2009 3712 1637243776 3686 53150 Mar 2010 3834-14 384 2 389'4 3810 6464 728 1022 184 Dec 2010 41221'24124…

6. Lothario is currently employed and earns $20 an hour. He works for 35 hours p

6. Lothario is currently employed and earns $20 an hour. He works for 35 hours per week. There is currently no unemployment benefit or minimum wage. He estimates his disutility fo…

6. Many banks have been trying to push their customers away from checkable depos

6. Many banks have been trying to push their customers away from checkable deposits and even savings deposits into small time deposits. Given the characteristics of these assets, …

6. Marginal analysis studies how individuals decide: A) to live on the margin of

6. Marginal analysis studies how individuals decide: A) to live on the margin of society. 8) whether to do a bit more of an activity versus a bit less of it. whether to go to coll…

6. Marginal productivity theory provides an economic explanation for a. why the

6.    Marginal productivity theory provides an economic explanation for     a.    why the marginal cost of employing NBA players is 0     b.    why the average player salary is hi…

6. Microeconomics and macroeconomics are: A. Not related because they are taught

6. Microeconomics and macroeconomics are: A. Not related because they are taught as separate courses. B. Virtually identical, though one is much more difficult than the other. C. …

6. Monetary Policy and QE (Total 10 Points). From the Financial Times June 6, 20

6. Monetary Policy and QE (Total 10 Points). From the Financial Times June 6, 2017, an article about the effects of quantitative easing (QE) written by Ros Altmann, an independent…

6. Monetary policy and the problem of inflationary and recessionary gaps Accordi

6. Monetary policy and the problem of inflationary and recessionary gaps According to the graph, the potential output of this economy is ($9 trillion/$10 trillion/$11 trillion/$13…

6. Monetary policy and the problem of inflationary and recessionary gaps Accordi

6. Monetary policy and the problem of inflationary and recessionary gaps According to the graph, the potential output of this economy is $16 trillion / $10 trillion / $8 trillion …

6. Nation\'s Economic Pain Deepens A spike in the unemployment rate - the bigges

6. Nation's Economic Pain Deepens A spike in the unemployment rate - the biggest in more than two decades - raised new concerns Friday that a weak labor outlook, high oil prices a…