Economics

8. Suppose your firm is considering two mutually exclusive, required projects wi

8. Suppose your firm is considering two mutually exclusive, required projects with the cash flows shown as follows. The required rate of return on projects of both of their risk c…

8. Take the following public good game: Players can contribute some of their end

8. Take the following public good game: Players can contribute some of their endowment, e, , to a public good that all benefit from (infrastructure, clean air, …)-their individual…

8. The 2008 Financial Crisis took a terrible economic and emotional toll on peop

8. The 2008 Financial Crisis took a terrible economic and emotional toll on people around the world. But of the four people listed below, who could be considered to have political…

8. The DeBeers Diamond Company, which owns most of the South African diamond pro

8. The DeBeers Diamond Company, which owns most of the South African diamond production, has market power over the diamond trade. This market power was obtained through:          …

8. The automobile industry is a. in monopolistic competition because brand names

8. The automobile industry is a. in monopolistic competition because brand names are important b. in monopolistic competition because it has economies of scale c. in monopolistic …

8. The cash flow distribution associated with a five-year project is shown below

8. The cash flow distribution associated with a five-year project is shown below. Time (years) 0 Cash flow ($) 10,000 4,000 4 5,500 5 6,100 4,400 5,000 Assuming that the cash flow…

8. The cash flow distribution assoclated with a five-year project is shown below

8. The cash flow distribution assoclated with a five-year project is shown below. Time (years) 0 Cash flow (S) 10,000 4,000 5,000 5,500 6,100 Assuming that the cash flows are give…

8. The demand for one-year discount bonds with a $1000 face value is given by P

8. The demand for one-year discount bonds with a $1000 face value is given by P 1000- 2B, where Pis the bond price and B is the number of the bonds demanded. The supply of the bon…

8. The demand for one-year discount bonds with a $1000 face value is given by P1

8. The demand for one-year discount bonds with a $1000 face value is given by P1000 2B, where Pis the bond price and B is the number of the bonds demanded. The supply of the bonds…

8. The diagram below shows an economy which operates with a flexible exchange ra

8. The diagram below shows an economy which operates with a flexible exchange rate and is initially in short-run equilibrium at point 1, where Y- Y1 and E-El. El Now suppose there…

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

8. 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 resort w…

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

8. The effects of property rights on achieving efficiency Consider a lake found in the town of Center Barnstead, and then answer the questions that follow. The town has a resort w…

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

8. 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 campgrou…

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

8. 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…

8. The effects of property rights on achieving efficiency Consider a river found

8. The effects of property rights on achieving efficiency Consider a river found in the city of Philadelphia, and then answer the questions that follow. Consider a river found in …

8. The effects of property rights on achieving efficiency Consider a river found

8. The effects of property rights on achieving efficiency Consider a river found in the city of Philadelphia, and then answer the questions that follow. The city has a hiking lodg…

8. The effects of property rights on achieving efficiency Consider a river found

8. The effects of property rights on achieving efficiency Consider a river found in the city of Philadelphia, and then answer the questions that follorw The city has a campground …

8. The effects of property rights on achieving efficiency Consider a river found

8. The effects of property rights on achieving efficiency Consider a river found in the city of Philadelphia, and then answer the questions that follow The city has a campground w…

8. The effects of property rights on achieving efficiency chegg according to the

8. The effects of property rights on achieving efficiency chegg according to the law of reflection, fill out nd then answer the questions that follow. the angles in the chart - Go…

8. The figure on the next page (adapted from the San Francisco Chronicle, May 18

8. The figure on the next page (adapted from the San Francisco Chronicle, May 18, 1992) shows the distribution of American families by income. Ranges include REVIEW EXERCISES 53 t…

8. The goal o economy. Economists and politicians quote numbers like \"k million

8. The goal o economy. Economists and politicians quote numbers like "k million jobs and a net stimulus to the economy of n billion of dollars." Where do they get these numbers? L…

8. The impact of one person\'s actions on the well-being of a bystander is calle

8. The impact of one person's actions on the well-being of a bystander is called a. an economic dilemma. b. deadweight loss. c. a multi-party problem. d. an externality 9. An exte…

8. The invisible hand Suppose you own two factories that produce widgets. Factor

8. The invisible hand Suppose you own two factories that produce widgets. Factory 2 is suitably located near a firm that sells raw materials needed to make widgets, whereas Factor…

8. The labor share and Cobb-Douglas production (a FRED question): Using the FRED

8. The labor share and Cobb-Douglas production (a FRED question): Using the FRED database, download a graph of the share of income paid to labor for the nonfarm business sector of…

8. The marginal revenue curve for a price setter will always: A) bisect any hori

8. The marginal revenue curve for a price setter will always: A) bisect any horizontal line drawn between the vertical axis and the demand curve. B) bisect any vertical line drawn…

8. The marketer wants to understand how the stimuli are changed into responses i

8. The marketer wants to understand how the stimuli are changed into responses inside the consumer's which has two parts. First, the buyer's characteristics influence how he or sh…

8. The poverty rate would be substantially lower if the market value of in-kind

8. The poverty rate would be substantially lower if the market value of in-kind transfers were added to family income. The largest in-kind transfer is Medicaid, the government hea…

8. The reserve requirement, open market operations, and the moncysupply Assume t

8. The reserve requirement, open market operations, and the moncysupply Assume that banks do not hold excess reserves and that households do not hold currency, so the only form of…

8. The reserve requirement, open market operations, and the moncysupply Assume t

8. The reserve requirement, open market operations, and the moncysupply Assume that banks do not hold excess reserves and that households do not hold currency, so the only form of…

8. The reserve requirement, open market operations, and the money supply Assume

8. The reserve requirement, open market operations, and the money supply Assume that banks do not hold excess reserves and that households do not hold currency, so the only form o…

8. The reserve requirement, open market operations, and the moneysupply Assume t

8. The reserve requirement, open market operations, and the moneysupply Assume that banks do not hold excess reserves and that households do not hold currency, so the only form of…

8. The reserve requirement, open market operations, and the moneysupply Assume t

8. The reserve requirement, open market operations, and the moneysupply Assume that banks do not hold excess reserves and that households do not hold currency, so the only form of…

8. The right person-environment fit Involves selecting a life situation that O m

8. The right person-environment fit Involves selecting a life situation that O matches one's gender. O matches one's talents and skills. O can easily be changed. O causes one to c…

8. The shape of the production possibilities curve in the figure above indicates

8.             The shape of the production possibilities curve in the figure above indicates                 A)            production of corn is characterized by increasing costs …

8. The table below gives the marginal benefits that Mario and Niko receive from

8. The table below gives the marginal benefits that Mario and Niko receive from the town’s street lighting [12 points]: Number of Street Lights MB to Mario MB to Niko 1 10 12 2 8 …

8. The term laissez-faire suggests that: A. land and other natural resources sho

8. The term laissez-faire suggests that: A. land and other natural resources should be privately owned, but capital should be publicly owned. B. land and other natural resources s…

8. The terminology of technological advancement The discovery of a product or pr

8. The terminology of technological advancement The discovery of a product or process is called invention ? . Charles, the president of a company that makes electronic devices, bo…

8. The value of resources the firm owns, minus the amount of money the firm owes

8. The value of resources the firm owns, minus the amount of money the firm owes to others = A. liabilities. B. liquidity. C. leverage. D. owners' equity The 9. company. A. retain…

8. There are many reasons to understand the price elasticity of demand and the p

8. There are many reasons to understand the price elasticity of demand and the price elasticity of supply. Below are some small problems related to this topic. a. Suppose I am to …

8. Thr ee securities have the following expected returns and standard deviations

8. Thr ee securities have the following expected returns and standard deviations: Security Parameter Expected return 115% 20% 35% Standard deviation 20% 40% 70% Also, their correl…

8. Time series functional forms: Logarithmic form Suppose an annual, time series

8. Time series functional forms: Logarithmic form Suppose an annual, time series data set for the years 1950 through 1987 was analyzed using OLS to examine the relationship betwee…

8. To acquire human capital a person could: a. save to buy a printing press b. p

8. To acquire human capital a person could: a. save to buy a printing press b. purchase a printing press rather than use his or her money on consumption c. learn to use a printing…

8. To fully understand how taxes affect economic well-being, what must we do? as

8. To fully understand how taxes affect economic well-being, what must we do? assume that economic well-being is not affected if all tax revenue is spent on goods and services for…

8. US residents purchase $2,000 in stocks of Japanese firms and $1,500 in stocks

8. US residents purchase $2,000 in stocks of Japanese firms and $1,500 in stocks of Canadian firms. Biggby Coffee (Lansing company) opens a coffee shop in Montreal, Canada, using …

8. Use the High Low Method to calculate Variable Labor Hour per unit of Output a

8. Use the High Low Method to calculate Variable Labor Hour per unit of Output and Fixed Labor Hour per Pay Period. Period      Output in Units                 Hours Worked 1     …

8. Use the classical model of a closed economy to predict how each of the follow

8. Use the classical model of a closed economy to predict how each of the following shocks should affect a nation’s real aggregate income (Y), national saving (S), investment (I),…

8. Use the model of industrial organization characteristics to decide whether th

8. Use the model of industrial organization characteristics to decide whether the following firms following firms are likely to be organized as monopolies, perfectly competitive, …

8. Using a payoff matrix to determine the equilibrium outcome Suppose there are

8. Using a payoff matrix to determine the equilibrium outcome Suppose there are only two firms that sell smart phones, Flashfone and Pictech. The following payoff matrix shows the…

8. What are the economic effects of a currency depreciation? a. It will decrease

8. What are the economic effects of a currency depreciation? a. It will decrease aggregate demand and aggregate supply, so that output will certainly fall, and prices may fall b. …

8. What did pre-Keynesian believe about the market and its ability to pull itsel

8. What did pre-Keynesian believe about the market and its ability to pull itself out of a recession? 12. What are the relations between government spending, the marginal propensi…