Economics

6. Suppose the reserve ratio in Misery-Land has been set at 5%. Consumers in Mis

6. Suppose the reserve ratio in Misery-Land has been set at 5%. Consumers in Misery-Land earn an average of $15,000 per month from January to December of 2004. Consumers deposit t…

6. Suppose we are given the following information about the economy. Y = $12,000

6. Suppose we are given the following information about the economy. Y = $12,000 billion Y* = $13,000 billion The MPC = 0.6 a.Does the economy have a recessionary gap or an expans…

6. Suppose you learn that a perfectly competitive firm could receive p for an ou

6. Suppose you learn that a perfectly competitive firm could receive p for an output level g and that ATC(a). Which of the following can you infer? (a) The firm is earning a profi…

6. Taxes and the multiplier Aa Aa Check all of the following statements that acc

6. Taxes and the multiplier Aa Aa Check all of the following statements that accurately describe fiscal aspects of taxes. A $5 billion tax cut provides an economy with more stimul…

6. The Act allows states to enact \"right-to-work\" laws. A) National Labor Rela

6. The Act allows states to enact "right-to-work" laws. A) National Labor Relations B) Taft-Hartley C) Landrum-Griffin D) Sherman Antitrust 7. "Right-to-work" laws A) make it hard…

6. The Actaul Deposit Multiplier ***Fill in the blanks using the following terms

6. The Actaul Deposit Multiplier ***Fill in the blanks using the following terms and numbers*** Increase, Decrease, $40,000, $250,000, $400,000, $10,000 ***Fill in the blanks usin…

6. The Carter family has been involved in a bitter dispute over a will in which

6. The Carter family has been involved in a bitter dispute over a will in which their father (their mother had predeceased their father) left all of his money to two of his childr…

6. The Consumer Price Index (CPI) Which of the following is not included in the

6. The Consumer Price Index (CPI) Which of the following is not included in the consumer price index (CPI)? Household purchases of foreign cars Household purchases of used compute…

6. The Erie Canal, the most important canal (in terms of the number and dollar v

6. The Erie Canal, the most important canal (in terms of the number and dollar value of shipments), was in a. Georgia. b. New York. c. Pennsylvania. d. Maryland. 7. According to W…

6. The Gooey Glue Co. production manager purchased a stainless steel mixing tank

6. The Gooey Glue Co. production manager purchased a stainless steel mixing tank at auction for $15,000. Because it was a good deal, she estimates the tank can be sold at any time…

6. The Herfindahl index is calculated by: (Points : 5) adding the squared value

6. The Herfindahl index is calculated by: (Points : 5) adding the squared value of the market shares of all the firms in the industry. multiplying the squared value of the market …

6. The National Council of Economic Education’s EconEdLink has an interesting mo

6. The National Council of Economic Education’s EconEdLink has an interesting module on the economics of Internet access at http://www.econedlink.org/teacher-lesson/10 (Links to a…

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

6. The arguments for restricting trade Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported tires. Read the following scenario and…

6. The assumption of the perfectlycompetitive model is that products sold by all

6.   The assumption of the perfectlycompetitive model is that products sold by all retailers arecompletely identical. Under this assumption, as we've seen in thisanalysis, competi…

6. The city of Rockville would like to estimate maintenance costs, and believes

6. The city of Rockville would like to estimate maintenance costs, and believes the number of miles driven by maintenance employees would be an accurate predictor of maintenance c…

6. The cost function c(wl, w2, y) expresses the cost per unit of output of produ

6. The cost function c(wl, w2, y) expresses the cost per unit of output of producing y units of output if equal amounts of both factors are used. ANS: F DIF: 2 7. A competitive, c…

6. The demand curve for the product of a firm in a competitive market is and the

6. The demand curve for the product of a firm in a competitive market is and the demand curve for the product of a monopolist is a. horizontal, downward-sloping b. horizontal, hor…

6. The demand for haddock has been estimated as Log Q = a + b log P + c log I +

6. The demand for haddock has been estimated as Log Q = a + b log P + c log I + d log Pm Where Q = quantity of haddock sold in New England P = price per pound of haddock I = a mea…

6. The difference between sales price per unit and variable cost per unit is a.

6. The difference between sales price per unit and variable cost per unit is a. net margin b. contribution margin c. sales margin d. operating leverage per unit 7. The Payback met…

6. The difference between sales price per unit and variable cost per unit is a.

6. The difference between sales price per unit and variable cost per unit is a. net margin b. contribution marginelups lo beta snionunl sod c. sales margin d. operating leverage p…

6. The discount rate is the a. Interest rate banks charge other banks b. The c.

6. The discount rate is the a. Interest rate banks charge other banks b. The c. Interest rate the Fed charges to home buyers d. Interest rate the Fed charges banks for loans rate …

6. The economics of health care Aa Aa Which of the following statements about th

6. The economics of health care Aa Aa Which of the following statements about the uninsured population in the United States is incorrect? O The uninsured population is below the p…

6. The endowment effect Suppose passengers on an airplane are randomly assigned

6. The endowment effect Suppose passengers on an airplane are randomly assigned to seats that are either on the aisle or by the window. Knowing that all passengers would prefer a …

6. The following balance sheet information is available (amounts in thousands of

6. The following balance sheet information is available (amounts in thousands of dollars and duration in years) for a financial institution: Amount Duration T-bills T-notes T-bond…

6. The following diagram is the \"Feasible Set\" of a student, showing the combi

6. The following diagram is the "Feasible Set" of a student, showing the combinations of a. Points A and C are on the same feasible frontier, while at B she can get a higher grade…

6. The graph above shows the demand (=AR=P) curve faced by a monopolist. What is

6. The graph above shows the demand (=AR=P) curve faced by a monopolist. What is the profit-maximizing output? What price will be charged at that output? 7. What is the cost per u…

6. The interaction of individual choices Immediately after an ice storm brought

6. The interaction of individual choices Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and flashlights.…

6. The manager of the aerospace division of General Aeronautics has estimated th

6. The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms. Her most optimis…

6. The manager of the aerospace division of General Aeronautics has estimated th

6. The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms. Her most optimis…

6. The monetary multiplier AaAa Suppose that Kristen finds $50,000 in cash in a

6. The monetary multiplier AaAa Suppose that Kristen finds $50,000 in cash in a mattress that was given to her and decides to deposit all of the money into her chequing account at…

6. The natural rate of unemployment is is given as where U is the number of L st

6. The natural rate of unemployment is is given as where U is the number of L stf unemployment people in the total labour force, L; and s is job separation rate for employed peopl…

6. The negative income tax Many economists believe that a more effective way to

6. The negative income tax Many economists believe that a more effective way to supplement the income of the poor is through a negative income tax. Under this scheme, everyone rep…

6. The public debt- Ownership The following table contains approximate figures f

6. The public debt- Ownership The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2003 and Jun 20…

6. The quantity theory of money and prices Aa Aa The quantity equation, also kno

6. The quantity theory of money and prices Aa Aa The quantity equation, also known as the equation of exchange, shows that the product of the money supply (M) and the velocity of …

6. The relationship between marginal product and marginal cost Edison\'s Big Bur

6. The relationship between marginal product and marginal cost Edison's Big Burger is a small restaurant that sells hamburgers. For Edison, grills are a fixed input and workers ar…

6. The reserve requirement, open market operations, and the money supply 1. smal

6. The reserve requirement, open market operations, and the money supply 1. smaller/larger 2. buy/sell 3. fall/rise 4. 1, 2, 5, 6.67, 10 5. buy/sell 6. The reserve requirement, op…

6. The slope of DD curve is (are) affected by i. investment level ii. marginal p

6. The slope of DD curve is (are) affected by i. investment level ii. marginal propensity to consume ii. price level A. (i) only B. (i) only C. (iii) only D. (ii) and (ii) only 7.…

6. The speculatlve demand for money ls a function of a. consumer incomes. b. the

6. The speculatlve demand for money ls a function of a. consumer incomes. b. the current interest rate. c producer expectations about consumer demand d. expected emergencies by co…

6. The term \"ceteris paribus\" means there ain\'t no such thing as a free lunch

6. The term "ceteris paribus" means there ain't no such thing as a free lunch holding everything else constant rational or economic man keep it simple the willingness to bear the …

6. The theory of Foreign Direct Investment (FDI) through Multinational Corporati

6. The theory of Foreign Direct Investment (FDI) through Multinational Corporations (MNCs) indicates that FDI/MNC has significant impacts on a host country through three major cha…

6. The value of information Aa Aa Marissa wants to buy her brother a new sweater

6. The value of information Aa Aa Marissa wants to buy her brother a new sweater for his birthday, Marissa thinks there is a 70% chance that her brother wears a size medium, but t…

6. This figure shows the Market screen for a seller. ROUND 1: IN PROGRESS, REMAI

6. This figure shows the Market screen for a seller. ROUND 1: IN PROGRESS, REMAINING TIME 01:51 Your Role 1 ? Market Chat Market Status |Enter an Ask to SELL Cost: $10.50 Cursor D…

6. To curb the demand for a good, a policy maker proposes imposing a sales tax o

6. To curb the demand for a good, a policy maker proposes imposing a sales tax on seller, which will shift the supply curve from S to Sr. Another policy maker proposes rationing t…

6. Tyler buys a futures contract from Alex that requires him to buy 1,000 barrel

6. Tyler buys a futures contract from Alex that requires him to buy 1,000 barrels of oil at $125 per barrel in 48 months. What happens in 4 barrel of oil is $100? Assume cash sett…

6. Types of unemployment a Aa The three people described in the following table

6. Types of unemployment a Aa The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics Identify each of them as structural…

6. U.S. Workers World\'s Most Productive American workers stay longer in the off

6. U.S. Workers World's Most Productive American workers stay longer in the office, at the factory, or on the farm than their counterparts in Europe and most other rich nations, a…

6. Understanding Fed policy tools Aa Aa B The Federal Reserve has several instru

6. Understanding Fed policy tools Aa Aa B The Federal Reserve has several instruments of monetary control at its disposal. One such instrument is the reserve requirement. Which of…

6. Understanding marginal and average tax rates Consider the economy of Cocoland

6. Understanding marginal and average tax rates Consider the economy of Cocoland, where citizens consume only coconuts. Assume that coconuts are priced at $1 each. The government …

6. Use indifference curves to illustrate the superiority of a lump sum tax over

6. Use indifference curves to illustrate the superiority of a lump sum tax over an excise tax that generates the same revenue trom an individual tax payer. a. Label all important …

6. Use the following table to answer the questions below. Consumption (in billio

6. Use the following table to answer the questions below. Consumption (in billions) 8700 9255 9750 Disposable (in billions) 10000 10740 11400 Year 2005 2006 2007 a) If fixed taxes…