Economics

9. Business to consumer electronic commerce focuses primarily on: a. gathering m

9. Business to consumer electronic commerce focuses primarily on: a. gathering marketing data on web users to sell products. b. developing a valuable subscriber list that has trem…

9. Ceteris paribus, the law of demand implies that as: a) Income increases, the

9. Ceteris paribus, the law of demand implies that as: a) Income increases, the quantity of CDs deman ded will increase b) The price of CDs increases, the quantity of CDs demanded…

9. Cir. 1984)] Shopping Center In April 1965, Heights Supermar leased 11,514 squ

9. Cir. 1984)] Shopping Center In April 1965, Heights Supermar leased 11,514 square feet of space to A&P; not to the terms of the lease, Berkeley agreed gro- lease any other s…

9. Compared to a perfectly competitive industry in long-rum equilibrium, an indu

9. Compared to a perfectly competitive industry in long-rum equilibrium, an industry under monopoly: a. may realize economic profits in the long run. b. may sustain losses indefin…

9. Consider an open economy operating with a fixed exchange rate (E0) which is i

9. Consider an open economy operating with a fixed exchange rate (E0) which is initially in equilibrium at point 1 in the diagram below where DD and AA1 intersect. a) Suppose that…

9. Consider following graph. (5 points) sweaters 200 180 140 t 120 t 100 · 80---

9. Consider following graph. (5 points) sweaters 200 180 140 t 120 t 100 · 80----U 60 40 20 20 40 60 80 100 120 140 160 180 apes The bowed outward shape of the production possibil…

9. Consider the following Cobb- Douglas production function for the bus transpor

9. Consider the following Cobb- Douglas production function for the bus transportation system in a particular city: Q= ?L ^?1 F^?2 K^?3. Where L is the labor input in worker hours…

9. Consider the following Cobb- Douglas production function for the bus transpor

9. Consider the following Cobb- Douglas production function for the bus transportation system in a particular city: Q= ?L ^?1 F^?2 K^?3. Where L is the labor input in worker hours…

9. Consider the following Cobb- Douglas production function for the bus transpor

9. Consider the following Cobb- Douglas production function for the bus transportation system in a particular city: Q= ?L ^?1 F^?2 K^?3. Where L is the labor input in worker hours…

9. Consider the following payoff matrix indicating payoffs from two countries (t

9. Consider the following payoff matrix indicating payoffs from two countries (the U.S. and Canada) negotiating over reducing an air pollutant that crosses the boundaries of the t…

9. Costs and benefits of a college education Suppose the following graph shows t

9. Costs and benefits of a college education Suppose the following graph shows the earnings trajectory of college-educated workers (orange line) and of workers with only a high sc…

9. Critical analysis Q17 Rod N. Reel owns a dealership that sells fishing boats

9. Critical analysis Q17 Rod N. Reel owns a dealership that sells fishing boats in an open, price-searcher market. To develop his pricing strategy, Rod hired an economist to estim…

9. Do a brief industry analysis of the CD music recording industry. Fill in the

9. Do a brief industry analysis of the CD music recording industry. Fill in the following summary of the analysis. (Note: there is no definitive answer as our assessment is liable…

9. Economic fluctuations II The following graph shows the short-run aggregate su

9. Economic fluctuations II The following graph shows the short-run aggregate supply curve (AS), the aggregate demand curve (AD), and the long-run aggregate supply curve (LRAS) fo…

9. Effect of a tax on buyers and sellers The following graph shows the daily mar

9. Effect of a tax on buyers and sellers The following graph shows the daily market for jeans when the tax on sellers is set at $0 per pair Suppose the government institutes a tax…

9. Effect of discrimination on the market price Consider the market for rickshaw

9. Effect of discrimination on the market price Consider the market for rickshaw rides, which you can assume is a competitive market. Suppose some rickshaw companies are discrimin…

9. Effects of a tariff on international trade The following graph shows the dome

9. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for oranges in New Zealand. The world price (Pw) of oranges is $810 per t…

9. Eoonomics, according to its definition, studies how people a earn and spend m

9. Eoonomics, according to its definition, studies how people a earn and spend money b. vest in the stock and bond markets c. make choices in the face of scarcity d. supply goods …

9. Fixed exchange rates Consider the exchange rate between the Malaysian ringgit

9. Fixed exchange rates Consider the exchange rate between the Malaysian ringgit and the euro. Suppose the Malaysian government and the euro zone governments agree to fix the exch…

9. Gains from trade arise because of: O individual choice. O marginal analysis.

9. Gains from trade arise because of: O individual choice. O marginal analysis. O specialization in consumption. specialization in production. 10. If equilibrium exists: O the num…

9. If U.S investors buy more foreign assets than foreigners buy of U.S assets, t

9. If U.S investors buy more foreign assets than foreigners buy of U.S assets, then it must be true that(Assume that the capital account equals zero) a. both the financial account…

9. If an economist develops a theory about international trade based on the assu

9. If an economist develops a theory about international trade based on the assumption that there are only two countries and two goods, what is most likely? A. The theory can be u…

9. If marginal cost is less than average total cost, then: A. average total cost

9. If marginal cost is less than average total cost, then: A. average total cost is increasing with output. B. average total cost is decreasing with output. C. average variable co…

9. If profit-seeki ng major oil companies began to use current profits from the

9. If profit-seeki ng major oil companies began to use current profits from the oil business to buy department stores and hotel chains, economic analysis suggests that a. oil comp…

9. If society begins by producing 3 units of X and 4 units of Y and then alters

9. If society begins by producing 3 units of X and 4 units of Y and then alters production so that it is now producing 4 units of X and 4 units of Y, and we know that the quantity…

9. If the Federal Reserve were attempting to increase the money supply, which on

9. If the Federal Reserve were attempting to increase the money supply, which one of the following would be most appropriate? lower the reserve ratio, lower the discount rate, con…

9. If the actual overnight cash interest rate exceeded the Reserve Bank’s target

9. If the actual overnight cash interest rate exceeded the Reserve Bank’s target for the overnight cash interest rate, the Reserve Bank would a. sell bonds to the banks, raising t…

9. If the demand curve for Pfizer\'s Norvasc, a blood pressure medication, is mo

9. If the demand curve for Pfizer's Norvasc, a blood pressure medication, is more elastic in Mexico than it is in the United States, how could Pfizer use this information to maxim…

9. If the government regulates the price of this natural monopolist to achieve a

9. If the government regulates the price of this natural monopolist to achieve a perfectly competitive output level, consumer surplus will change from-to Price (S) 20 18 10 8.15 L…

9. In a market, demand is given by P = 50 Q and the (private) marginal cost of p

9. In a market, demand is given by P = 50 Q and the (private) marginal cost of production for the aggregation of all firms (the industry supply curve) is given by MC = Q. Pollutio…

9. In game theory, a dominant strategy is one A. In which the same strategy is c

9. In game theory, a dominant strategy is one A. In which the same strategy is chosen by one firm regardless of the anticipated action of a second firm B. In which the firm gains …

9. In the long run, the typical firm in this market will produce a quantity equa

9. In the long run, the typical firm in this market will produce a quantity equal to Market TC Pi Qi 42 43 B. D. Q A. q q2 4 C.q 10. I get $300 revenue from the sale of my product…

9. In the market for loanable funds, suppose the current interest rate is 5%. At

9. In the market for loanable funds, suppose the current interest rate is 5%. At a rate of 5%, investors wish to borrow $100 million and savers wish to save $125 million. We would…

9. In times of recession, Congress has often acted to extend unemployment benefi

9. In times of recession, Congress has often acted to extend unemployment benefits beyond the automatic 26 weeks ot benefits because unemployment is still high. This kind of polic…

9. Income and substitution effects Edison and Hilary Garcia live in San Diego an

9. Income and substitution effects Edison and Hilary Garcia live in San Diego and enjoy going out to fancy restaurants for dinner and to diners for breakfast. On the following dia…

9. Income and substitution effects Kevin and Maria Singh live in Dallas and enjo

9. Income and substitution effects Kevin and Maria Singh live in Dallas and enjoy going out to fancy restaurants for dinner and to diners for breakfast. On the following diagram, …

9. Income and substitution effects Lorenzo and Neha Stewart live in Houston and

9. Income and substitution effects Lorenzo and Neha Stewart live in Houston and enjoy going out to fancy restaurants for dinner and to diners for breakfast. On the following diagr…

9. Income and substitution effects Rajiv and Simone Bertolli live in Dallas and

9. Income and substitution effects Rajiv and Simone Bertolli live in Dallas and enjoy going out to fancy restaurants for dinner and to diners for breakfast. On the following diagr…

9. It doesn\'t matter whose persepctive you take in the Guest Executioner though

9. It doesn't matter whose persepctive you take in the Guest Executioner thought experiment, conse- quentialist reason will come to the same conclusion. Because of this, consequen…

9. Joe is an avid surfer - he surfs regularly at Tempe Town Lake. His monthly de

9. Joe is an avid surfer - he surfs regularly at Tempe Town Lake. His monthly demand function for surfing is: x -36 -2p, where p is the cost of a surfing trip to Tempe Town Lake a…

9. Kathryn chooses to go to college full-time rather than to work. Kathryn: a) i

9. Kathryn chooses to go to college full-time rather than to work. Kathryn: a) is part of the labor force and what economists call a discouraged worker. b) is part of the labor fo…

9. Lags in fiscal policy Aa Aa Which of the following scenarios is an example of

9. Lags in fiscal policy Aa Aa Which of the following scenarios is an example of an implementation lag? O The economy enters a deep recession, and Parilament takes two months to a…

9. Lags in fiscal policy Aa Aa Which of the following scenarios is an example of

9. Lags in fiscal policy Aa Aa Which of the following scenarios is an example of an impact lag? The economy enters a deep recession, and Parliament takes two months to approve an …

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

9. 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…

9. MC is given by a. the slope of the TFC curve b. the slope of the TVC curve bu

9. MC is given by a. the slope of the TFC curve b. the slope of the TVC curve but not by the slope of the TC curve c. the slope of the TC curve but not by the slope of the TVC cur…

9. Marginal propensity to import and net exports Aa Aa The following graph shows

9. Marginal propensity to import and net exports Aa Aa The following graph shows net exports for a hypothetical country. NET EXPORTS (Billions of dollars) 50 40 30 20 10 -10 -20 0…

9. Market equilibrium and disequilibrium The following graph shows the monthly d

9. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for hats Use the graph input tool to help you answer the foll…

9. Monopoly outcome versus perfect competition outcome Consider the market for h

9. Monopoly outcome versus perfect competition outcome Consider the market for hot dogs in a small city. Imagine that this market is in long-run competitive equilibrium with many …

9. Moral Hazard Little Kona, a coffee shop in a town, recently hired Albert as a

9. Moral Hazard Little Kona, a coffee shop in a town, recently hired Albert as a manager. His effort level cannot be observed. The profit of the restaurant (before paying Albert) …

9. Opportunity cost Aa Aa Sam is skilled at making both beaded earrings and brac

9. Opportunity cost Aa Aa Sam is skilled at making both beaded earrings and bracelets. Sam has no preference between making earrings and bracelets since he earns the same amount f…