Economics

1) General Motors Corp., as everyone knows, makes many brands of cars, SUVs, van

1) General Motors Corp., as everyone knows, makes many brands of cars, SUVs, vans, trucks, and hybrid vehicles. Production and assembly plants are located in numerous states and c…

1) Generally speaking GDP per capita (a) Is higher the closer you get to the equ

1) Generally speaking GDP per capita (a) Is higher the closer you get to the equator (b) Is lower the closer you get to the equator South America (c) Is lower in the northern hemi…

1) Generally speaking, what would happen to the measured unemployment rate if un

1) Generally speaking, what would happen to the measured unemployment rate if unemployed individuals left the labor force to enter a disability program? 2) Paul and Karen are marr…

1) Give an example of a cap-and-trade system other than the California example d

1) Give an example of a cap-and-trade system other than the California example discussed in class. You may use Google. A simple, one-sentence description of the system will suffic…

1) Give an example that illustrates the difference between private costs and soc

1) Give an example that illustrates the difference between private costs and social costs. 2) Name at least five government-provided goods that are excluded public goods. 3) Would…

1) Given Revenue = $54,223; Demand = 31,140; Price/unit=? (round to nearest cent

1) Given Revenue = $54,223; Demand = 31,140; Price/unit=? (round to nearest cent) 2) The Price/unit= $137.12; Demand =3,255; Total Cost = 95,380 Profit=? (round to nearest cent) 3…

1) Given that milk and cookies are complements, suppose the priceof flour (an in

1) Given that milk and cookies are complements, suppose the priceof flour (an ingredient in cookies) rises. What happens in themarket for cookies? a) the equilibrium price and qua…

1) Given the following reliabilities of components (Bridge will not collapse) in

1) Given the following reliabilities of components (Bridge will not collapse) in a series with reliabilities indicated. What is the probability someone can get from shore A to B u…

1) Go to this link https://www.saltmoney.org/ and review one of the videos that

1) Go to this link https://www.saltmoney.org/ and review one of the videos that is of interest to you. Report on 3 items that you would like to include in your current lifestyle t…

1) Gurgling Springs, Inc. is a bottler of natural spring water distributed throu

1) Gurgling Springs, Inc. is a bottler of natural spring water distributed throughout the New England states. Five-gallon containers Operating experience during the past year sugg…

1) Henry Ford practiced which of these management style? A)democratic B)Autocrat

1) Henry Ford practiced which of these management style? A)democratic B)Autocratic C) Hands-Off D) Employee oriented 2)Which type of planning determines the primary objectives of …

1) Here’s a quote from Fed head Janet Yellen on at a meeting in Cleveland on Jul

1) Here’s a quote from Fed head Janet Yellen on at a meeting in Cleveland on July 10 this year. (see www.federalreserve.gov then click news and events… Regarding inflation, as I m…

1) Housing cost has increased about _______ percent since 1970 due to the active

1) Housing cost has increased about _______ percent since 1970 due to the active market for real estate in desirable neighborhoods near good schools. A) About 30 B) About 50 C) Ab…

1) How can changes over time of the average height of the people in a country he

1) How can changes over time of the average height of the people in a country help to indicate the standard of living in a country? 2) What are the three main sources of health in…

1) How do developing and industrial countries differ in their use of technologic

1) How do developing and industrial countries differ in their use of technological change, labor, capital, and natural resources to produce economic growth? Why do these differenc…

1) How many buyers of soybeans commodity in Nebraska or nationwide? size of each

1) How many buyers of soybeans commodity in Nebraska or nationwide? size of each location? 2) sales: annual sales or income? 3) Number of employees? 4) how many of commodities do …

1) How many years will it take $5,000 to double at an interest rate of 8% per ye

1) How many years will it take $5,000 to double at an interest rate of 8% per year, compounded annually? If the interest rate is only 4%, how many years will it take to double? 2)…

1) How might employers respond to the existence of health care exchanges under t

1) How might employers respond to the existence of health care exchanges under the Affordable Care Act A) Large employers with more than 1000 employees may continue to drop health…

1) How much will you have accumulated over a period of 30 years if, in an IRA wh

1) How much will you have accumulated over a period of 30 years if, in an IRA which has a 10% interest rate compounded quarterly, you annually invest: a. $1 b. $4000 c. $10,000 d.…

1) How much will you have accumulated over a period of 30 years if, in an IRA wh

1) How much will you have accumulated over a period of 30 years if, in an IRA which has a 10% interest rate compounded quarterly, you annually invest: a. $1 b. $4000 c. $10,000 d.…

1) I) The monopoly maximizes profit by setting A) price equal to marginal cost.B

1) I) The monopoly maximizes profit by setting A) price equal to marginal cost.B) marginal revenue equal to marginal cost. C) price equal to marginal revenue. D) marginal revenue …

1) Ice Cube is a talented performer who can sing and act. He could earn $5,000,0

1) Ice Cube is a talented performer who can sing and act. He could earn $5,000,000 singing or $4,000,000 acting. Ice-T can also sing and act. He could earn $5,000,000 singing or $…

1) Identify a product that you have consumed in the past couple of months and ex

1) Identify a product that you have consumed in the past couple of months and explain what makes the product a public good, based on the characteristics of a public good as define…

1) Identify whether the statement is positive or normative. (2 points each) a) b

1) Identify whether the statement is positive or normative. (2 points each) a) b) c) The unemployment rate was 6.2% in 2009. Canada should withdraw from NAFTA. Canadian income dis…

1) If Bill’s marginal tax rate is 0% and charitable contributions are deductible

1) If Bill’s marginal tax rate is 0% and charitable contributions are deductible from income for tax purposes, how much does it cost him (net of tax) to make a $1,000 charitable c…

1) If Country A is absolutely better at producing everything than Country B, the

1) If Country A is absolutely better at producing everything than Country B, then there is no incentive for Country A to engage in trade with Country B ( True or False?) 2)In one …

1) If P = 3 Q s + 3 represents market supply for a competitive industry and mark

1) If P = 3Qs + 3 represents market supply for a competitive industry and market demand is given by Qd = 31 - 1/3P, the equilibrium quantity is: a. 10 b. 15 c. 20 d. 48 2) If P = …

1) If a 20% increase in the price of gas causes a 35% decrease in the demand for

1) If a 20% increase in the price of gas causes a 35% decrease in the demand for standard sized autos, then the cross-price elasticity of demand is: 2) If the price elasticity of …

1) If a nation Solution 1>the nations real GDP increased than the population imp

1) If a nation

1) If a new entrant (or an established firm) wants to leave a constestable marke

1) If a new entrant (or an established firm) wants to leave a constestable market A) it’s leaving will be contested by regulators in the market who seek to prevent exit B) another…

1) If a profit-maximizing oligopolist has a kinked demand curve, then a downward

1) If a profit-maximizing oligopolist has a kinked demand curve, then a downward shift in its marginal cost curve: a. might not affect output or price. b. increases output or pric…

1) If a technology company introduces a new gadget to the market which creates l

1) If a technology company introduces a new gadget to the market which creates long lines of eager customers at stores, what is true about this market? a) Supply exceeds demand an…

1) If a union is able to organize workers in a competitive labor market but the

1) If a union is able to organize workers in a competitive labor market but the union cannot affect the demand for its members' labor, then the wage rate ________ and the quantity…

1) If an alternative has monthly payments of $10,000 a month for three years wit

1) If an alternative has monthly payments of $10,000 a month for three years with a purchase price of $75,000 at the end of year three, what would the cash flow diagram look like?…

1) If an economy\'s short-run Philips curve shifts up, this is most likely due t

1) If an economy's short-run Philips curve shifts up, this is most likely due to; a. change in the inflation rate. b. an increase in the unemployment rate. c. an increase in expec…

1) If demand surges, industry-wide output will rise IN THE LONG RUN due to... an

1) If demand surges, industry-wide output will rise IN THE LONG RUN due to... an increase in the number of firms within the industry an increase in the profit-maximizing level of …

1) If market demand increases in a perfectly competitive decreasing-cost industr

1) If market demand increases in a perfectly competitive decreasing-cost industry: new firms will enter the industry, factor prices will rise, and the price at which each firm ear…

1) If market demand increases in a perfectly competitive decreasing-cost industr

1) If market demand increases in a perfectly competitive decreasing-cost industry: new firms will enter the industry, factor prices will rise, and the price at which each firm ear…

1) If prices rise by 4% in a year and nominal wages increase by only 2%, then re

1) If prices rise by 4% in a year and nominal wages increase by only 2%, then real wages will A) decrease by 6%. B) decrease by 4%. C) decrease by 2%. D) increase by 2%. 2) Use th…

1) If real GDP increased by 2% and nominal GDP increased by 1%, then output: A)

1) If real GDP increased by 2% and nominal GDP increased by 1%, then output: A) increased and the price level increased. B) increased and the price level decreased. C) decreased a…

1) If real GDP per capita in the United States is $8,000, what will real GDP per

1) If real GDP per capita in the United States is $8,000, what will real GDP per capita in the United States be after 5 years if real GDP per capita grows at an annual rate of 3.2…

1) If sellers have more information than buyers this can create a market failure

1) If sellers have more information than buyers this can create a market failure because: Buyers can harm the community at large. Sellers can harm the community at large. Both buy…

1) If the Central Bank (the FED) buys bonds from commercial banks, Select one: a

1) If the Central Bank (the FED) buys bonds from commercial banks, Select one: a. excess reserves in the banking system will be created and commercial banks can make more loans b.…

1) If the consumer price index (CPI) was 237 last year and is now 243, then the

1) If the consumer price index (CPI) was 237 last year and is now 243, then the inflation rate was approximately: 2) In a small economy, the rate of money growth for the current y…

1) If the demand for umbrellas is price inelastic, a. changes in price do not af

1) If the demand for umbrellas is price inelastic, a. changes in price do not affect the number of umbrellas demanded. b. if more umbrellas are sold as the result of a price decre…

1) If the economy in a period of growth and is experiencing unwanted inflation,

1) If the economy in a period of growth and is experiencing unwanted inflation, should the government raise or lower interest rates? Why? 2) Why are some products, such as fruit, …

1) If the elasticity of demand for dry cleaning is -0.85 in the range between $3

1) If the elasticity of demand for dry cleaning is -0.85 in the range between $3 and $2 per item, how will total consumer expenditures on dry cleaning be affected when dry cleaner…

1) If the exchange rate between the U.S. dollar and the Japanese yen is $1 = 200

1) If the exchange rate between the U.S. dollar and the Japanese yen is $1 = 200 yen, then the dollar price of the yen is: $.005. $.05. $.50. $5. 2) In recent years, the United St…

1) If the expenditures function AE = AEO + mpe Y, induced expenditures are given

1) If the expenditures function AE = AEO + mpe Y, induced expenditures are given by: a) AEO b) AEO + Y c) mpe Y d) Y 2) If autonomous expenditures equal $600 and the mpe is 0.80, …

1) If the government set a price floor at $24? -the price would rise to the equi

1) If the government set a price floor at $24? -the price would rise to the equilibrium price. -there would a temporary surplus, then prices would fall to equilibrium. 2) Assuming…