Economics

A generous university benefactor has agreed to donate a large amount of money fo

A generous university benefactor has agreed to donate a large amount of money for student scholarships. The money can be provided in one lump-sum of $10mln, or in parts, where $5.…

A generous university benefactor has agreed to donate a large amount of money fo

A generous university benefactor has agreed to donate a large amount of money for student scholarships. The money can be provided in one lump sum of $12 million in Year 0 (the cur…

A geometrically increasing series of 20 end of year payments is deposited to fun

A geometrically increasing series of 20 end of year payments is deposited to fund an account. The first payment is $20,000, the geometric factor is 4%. The account is used for ret…

A given data value has a Z-value equal to -1.4. Assuming a normal (i.e., symmetr

A given data value has a Z-value equal to -1.4. Assuming a normal (i.e., symmetrical) continuous probability distribution, how many standard deviations is the data value from the …

A global supply chain operated by a U.S. hospital: a. Would only consist of the

A global supply chain operated by a U.S. hospital: a. Would only consist of the tangible items used in the hospital (medicines, devices, etc.). b. Would only consist of informatio…

A good economic theory: rests on realistic assumptions. explains economic behavi

A good economic theory: rests on realistic assumptions. explains economic behavior and predicts well. can best be expressed mathematically. always provides a highly detailed analy…

A good example of this can be found in the retail trade. Suppose a com- pany buy

A good example of this can be found in the retail trade. Suppose a com- pany buys a dress wholesale for $100 and marks it up 100 percent, thereby establishing the retail price at …

A good measure of the standard of a country’s living over time is a. nominal GDP

A good measure of the standard of a country’s living over time is a. nominal GDP per capita. b. real GDP per capita c. total real GDP. d. total nominal GDP divided by real GDP. a.…

A good or service is considered scarce if a. any quantity of it can be consumed

A good or service is considered scarce if a. any quantity of it can be consumed at a zero price b. the amount people desire exceeds the amount available at a zero price c. the amo…

A good stock-based mutual fund should earn at least 6% per year over a long peri

A good stock-based mutual fund should earn at least 6% per year over a long period of time. Consider the case of Barney and Lynn, who were overheard gloating (for all to hear) abo…

A good which is nonexcludable and nonrival is called: Answer a public good. a ma

A good which is nonexcludable and nonrival is called: Answer a public good. a marketable good. a private good. a consumer good. Question 30 Given that the value of individual prod…

A good with many close substitutes is likely to have relatively (elastic , inela

A good with many close substitutes is likely to have relatively (elastic , inelastic)   demand, since consumers can easily choose to purchase one of the close substitutes if the p…

A good without any close substitutes is likely to have relatively demand, since

A good without any close substitutes is likely to have relatively demand, since consumers cannot easily switch to a substitute good if the price of the good rises. Price elasticit…

A good without any dose substitutes is likely to have relatively inelastic deman

A good without any dose substitutes is likely to have relatively inelastic demand, since consumers cannot easily switch to a substitute good if the price of the good rises. Price …

A good\'s price elasticity of demand depends in part on how necessary it is rela

A good's price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are priced approximately the same, which one has the lea…

A government agency calculates the price elastiity of demand for fish using the

A government agency calculates the price elastiity of demand for fish using the dollar amount per unit of fish (Price) and how many units of fish are produced each day (Quantity).…

A government data processing center has been plagued in recent years by complain

A government data processing center has been plagued in recent years by complaints from employees of back pain. Consultants have estimated that upgrading office furniture at a net…

A government has found that 1.51.5 months elapse before it can identify a proble

A government has found that 1.51.5 months elapse before it can identify a problem to address with a policy action. It has found that 2.02.0 months are required to determine the ap…

A government is currently operating with an annual budget deficit of $40 billion

A government is currently operating with an annual budget deficit of $40 billion. The government has determined that every $1- billion reduction in the amount it borrows each year…

A government is offering a 10 year contract for off-shore drilling rights. The h

A government is offering a 10 year contract for off-shore drilling rights. The highest bonus bid is $5 million dollars. However, another firm offers to $800,000 per year for 10 ye…

A government offers to let a number of students at a public school transfer to a

A government offers to let a number of students at a public school transfer to a private school under two conditions: It will transmit to the private school the same per-pupil sub…

A government official is preventing a new gas station from being built in your n

A government official is preventing a new gas station from being built in your neighborhood. He claims that for every additional gas station built in an area, property crime goes …

A government program guarantees $18,000 in income, even for those who do not wor

A government program guarantees $18,000 in income, even for those who do not work at all. If the recipient earns income by working, then the $18,000 benefit is reduced by 50 cents…

A government project with the objective of advancing the technological capabilit

A government project with the objective of advancing the technological capabilities of the nuclear industry will cost $100 Million. It is believed that 80% of those funds would ha…

A government sample survey plans to measure the LDL (bad) cholesterol level of a

A government sample survey plans to measure the LDL (bad) cholesterol level of an SRS of men aged 20 to 34. The researchers will report the mean x¯¯¯x¯ from their sample as an est…

A government-created monopoly arises when a.government spending in a certain ind

A government-created monopoly arises when a.government spending in a certain industry gives rise tomonopoly power. b.the government exercises its market control by encouragingcomp…

A graduate begins working when she turns 26 at an annual salary of $60,000. She

A graduate begins working when she turns 26 at an annual salary of $60,000. She is promised raises of $2,500 per year every year. She plans to set aside 10% of her salary into a r…

A granary has two options for a conveyor used in the manufacture of grain for tr

A granary has two options for a conveyor used in the manufacture of grain for transporting, filling, or emptying. One conveyor can be purchased and installed for $80,000 with $3,0…

A granary has two options for a conveyor used in the manufacture of grain for tr

A granary has two options for a conveyor used in the manufacture of grain for transporting, filling, or emptying. One conveyor can be purchased and installed for $100,000 with $3,…

A graph showing the relationship between the price of a good and the amount that

A graph showing the relationship between the price of a good and the amount that buyers are willing to and able to purchase at a variety of prices is the quantity demanded, demand…

A grocery store is running a \"buy-one-get-another-at-one-half-off\" promotion o

A grocery store is running a "buy-one-get-another-at-one-half-off" promotion on a dozen doughnuts. So the first dozen is $6 and the second would be $3. A person would buy the seco…

A grocery store manager must decide whether to buy a rug cleaner to rent to cust

A grocery store manager must decide whether to buy a rug cleaner to rent to customers. The cleaner costs $800. It is expected to yield $200 in income per year. What is the expecte…

A grocery store needs to sell 3,000 cartons of 2L 2% milk per month. The sales i

A grocery store needs to sell 3,000 cartons of 2L 2% milk per month. The sales is relativiely constant throughout the month. The owner of this grocery store purchases milk from a …

A grocery store put LT\'s Coconut Water on sale (decrease in price) and found th

A grocery store put LT's Coconut Water on sale (decrease in price) and found that total revenues incresed.This can be explained by which of the following? 1 pts O The demand is el…

A group living in the United States in 2004 consisted of fifteen households with

A group living in the United States in 2004 consisted of fifteen households with no elderly members. There were five single individuals living separately from each other (less tha…

A group of 10 golfing buddies have the following annual incomes: $32,000, $12,00

A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income rec…

A group of 12 countries is considering whether to form a monetary union. Theydif

A group of 12 countries is considering whether to form a monetary union. Theydiffer in their assessments of the costs and benefits of this move, but each standsto gain more from j…

A group of European banks, led by BNP-Paribas, are offering an emergency loan to

A group of European banks, led by BNP-Paribas, are offering an emergency loan to the government of Greece, under the following terms: Principal amount: Maturity: Interest Rate: Sy…

A group of statistics students decided to conduct a survey at their university t

A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spend studying per week. Based on a simple random…

A group of university students toys coconuts from farmers\' markets. The student

A group of university students toys coconuts from farmers' markets. The students consume the meat of the coconuts for food and use the shells to make sculptures. These sculptures …

A group of venture investors is considering putting money into Lemma Books, whic

A group of venture investors is considering putting money into Lemma Books, which wants to produce a new reader for electronic books. The variable cost per unit is estimated at $2…

A grower estimates that if he picks his apple crop now, he will obtain 1000 boxe

A grower estimates that if he picks his apple crop now, he will obtain 1000 boxes of apples, which he can sell at $3 per box. However, he thinks his crop will increase by 120 boxe…

A growing body of academic research shows the U.S. workforce was hit harder than

A growing body of academic research shows the U.S. workforce was hit harder than expected by trade with China and was potentially unprepared for the shock. As import competition s…

A growing economy means that the economy is producing more and more “stuff”, eit

A growing economy means that the economy is producing more and more “stuff”, either because it has more resources (workers), or uses those resources more productively (smarter, be…

A growing number of businesses\' including videogame developers, cigarette compa

A growing number of businesses' including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains are feeling the heat from governm…

A growing number of businesses\' including videogame developers, cigarette compa

A growing number of businesses' including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains are feeling the heat from governm…

A guy starts his own business to import electronics to his home country. He esti

A guy starts his own business to import electronics to his home country. He estimates he can earn 5% on his investments and that he will need to have $300,000 at the end of year 1…

A headline reads \"Gasoline Prices Are Higher.\" A likely explanation for this e

A headline reads "Gasoline Prices Are Higher." A likely explanation for this event would be a(n): Increase in the demand for and the supply of gasoline Decrease in the demand for …

A health insurance company knows that there are two types of customers (smokers

A health insurance company knows that there are two types of customers (smokers and non-smokers), each facing different health risks. The probabilities of getting sick and the hea…

A healthcare executive is using regression to predict total revenues. She is dec

A healthcare executive is using regression to predict total revenues. She is deciding whether or not to include both patient length of stay and insurance type in her model. Her fi…