Economics

1)Nike has significant sales in emerging markets. Recently, Nike announced that

1)Nike has significant sales in emerging markets. Recently, Nike announced that its earnings (reported in dollars) would be impacted by the depreciation of many of the emerging ma…

1)On March 4, 2014 the Federal Reserve Bank of New York purchased $1.225 billion

1)On March 4, 2014 the Federal Reserve Bank of New York purchased $1.225 billion of Treasury Securities that had maturities between 2 and 5 years. True or False? 2) During the fin…

1)Other things being equal, the price elasticity of demand for a product will be

1)Other things being equal, the price elasticity of demand for a product will be less: A) if there are many substitutes available. B) if it is a large part of the consumer's budge…

1)Refer to the above figure. The curve represents a A) average total cost curve.

1)Refer to the above figure. The curve represents a A) average total cost curve. B) total cost curve. C) marginal product curve. D) total product curve. 2) The marginal cost curve…

1)Refer to the above graphs and information. If the countries shown above should

1)Refer to the above graphs and information. If the countries shown above should trade, which chemical/steel price ratio is most likely to prevail? A)1 ton of chemicals/1 ton of s…

1)Regifting or regiving is the act of taking a gift that has been received and g

1)Regifting or regiving is the act of taking a gift that has been received and giving it to somebody else, sometimes in the guise of a new gift. John says that regifting is unethi…

1)Robert received a $100 gift certificate to a bookstore a yearago. The economy

1)Robert received a $100 gift certificate to a bookstore a yearago. The economy has been in an inflationary period for the lastyear. This gift certificate is A. not expressed in e…

1)Show how to solved it on excel what function is used. 2)Show how to solved it

1)Show how to solved it on excel what function is used. 2)Show how to solved it on excel what function is used. 2 CASH CONVERSION CYCLE Sims Electric Corp. has beem striving for t…

1)Since the Great Depression, business fluctuations have become more severe and

1)Since the Great Depression, business fluctuations have become more severe and longer in duration: True or False 2)The ultimate objective of macroeconomics is to: A. improve the …

1)State whether the following statements are true or false. a) There are no cost

1)State whether the following statements are true or false. a) There are no cost associated with inflation if the inflation rate is perfectly anticipated b) The CPI somewhat overs…

1)Suppose that Trey spends all of his income on vacation trips and textbooks. If

1)Suppose that Trey spends all of his income on vacation trips and textbooks. If the price of a trip is $200 and the price of a textbook is $50, then the slope of his budget line …

1)Suppose that inflation in the US is 2 percent and 10 percent in Mexico. Suppos

1)Suppose that inflation in the US is 2 percent and 10 percent in Mexico. Suppose Mexico is expected to experience a 5% real depreciation against the US. What is the expected rate…

1)Suppose there are 100 firms in a perfectly competitive industry. Short run mar

1)Suppose there are 100 firms in a perfectly competitive industry. Short run marginal costs for each firm are given by SMC = q + 2 and market demand is given by Qd = 1000 20P a)Ca…

1)Suppose you obtain the following regression model, E[y]=94+25*x. What is the i

1)Suppose you obtain the following regression model, E[y]=94+25*x. What is the impact of a 24 unit change of x on the expected value of y? 2) Suppose you obtain the following regr…

1)The change in revenue in response to a unit increase in production quantity is

1)The change in revenue in response to a unit increase in production quantity is called marginal revenue. True False 2) The details of the production process of a certain commodit…

1)The demand and supply curves for bottled water are given by: Qd = 152 - 20P Qs

1)The demand and supply curves for bottled water are given by: Qd = 152 - 20P Qs = 188P - 4 Q is measured in thousands of bottles of water. Tasks: Use this information to calculat…

1)The demand for labor is called a derived demand because Select one: a. labor c

1)The demand for labor is called a derived demand because Select one: a. labor cannot really be purchased. b. the demand for labor cannot be estimated. c. the demand for labor com…

1)The higher the interest rate, the greater the preference for liquidity. True o

1)The higher the interest rate, the greater the preference for liquidity. True or false 2)The demand for money is a relationship between: A. the interest rate and how much money p…

1)The law of demand states that as the price of a good rises, _____. A. buyers p

1)The law of demand states that as the price of a good rises, _____. A. buyers purchase more of the good, because the price of a substitute has risen B. buyers purchase less of th…

1)The marginal propensity to consume: A. is the ratio of disposable income to co

1)The marginal propensity to consume: A. is the ratio of disposable income to consumption. B. is the proportion of disposable income that is consumed. C. minus the marginal propen…

1)The minimum average cost of producing alternate levels of output, allowing for

1)The minimum average cost of producing alternate levels of output, allowing for optimal selection of all variables of production is defined by the: long-run average total cost cu…

1)The model of trade based on production possibilities frontiers consides the in

1)The model of trade based on production possibilities frontiers consides the increase in unemployment which may occur from imports. False 2)In which of the following situations w…

1)The money supply has been growing at 10% per year and nominal GDP (PY) has bee

1)The money supply has been growing at 10% per year and nominal GDP (PY) has been growing at 20% per year. Calculate velocity in each year given the following data in billions of …

1)The pric of coffeeis always equal to one-half the price of tea. When we plot t

1)The pric of coffeeis always equal to one-half the price of tea. When we plot the budget lie for coffee and ea, coffee is plotted on the horizontal axis. WHat is the slope of thi…

1)The price of margarine doubles. What would most likely happen in the market fo

1)The price of margarine doubles. What would most likely happen in the market for butter? a)Demand for butter will likely decrease, leading to lower butter prices. b)Demand for bu…

1)The second national bank of fullerton advertises an APR of 14% compounded mont

1)The second national bank of fullerton advertises an APR of 14% compounded monthly for student loans. Determine the APY? setup the solution on paper as well as on spreadsheet. 2)…

1)The simple money multiplier: A. becomes larger as the required reserve ratio i

1)The simple money multiplier: A. becomes larger as the required reserve ratio increases. B. equals required reserves plus excess reserves. C. equals the reciprocal of the require…

1)There are two countries, A and B, that can each produce two goods, jeans and s

1)There are two countries, A and B, that can each produce two goods, jeans and sweaters. Each country has 6 million labor hours to allocate to the production of each good. The tab…

1)To earn the greatest possible profit, a firm must a. Maximize revenue less cos

1)To earn the greatest possible profit, a firm must a. Maximize revenue less cost b. Minimize revenue less cost c. Maximize quantity at any price d. Maximize price at any quantity…

1)To earn the greatest possible profit, a firm must a. Maximize revenue less cos

1)To earn the greatest possible profit, a firm must a. Maximize revenue less cost b. Minimize revenue less cost c. Maximize quantity at any price d. Maximize price at any quantity…

1)Transfer payments are included in the government budget deficit but not includ

1)Transfer payments are included in the government budget deficit but not included in the government purchases component of GDP. True or false 2)The budget of an economy is said t…

1)Two factors that may cause a shift in aggregate demand are changes in ___ and

1)Two factors that may cause a shift in aggregate demand are changes in ___ and ___. a. existing physical capital and demographics b. expectations and wealth c political stability…

1)Use the following information to estimate a travel cost model. The travel cost

1)Use the following information to estimate a travel cost model. The travel cost regression equation is shown at the bottom of the tables. Let the visitation fee be $20. Calculate…

1)Use the following information to estimate a travel cost model. The travel cost

1)Use the following information to estimate a travel cost model. The travel cost regression equation is shown at the bottom of the tables. Let the visitation fee be $20. Calculate…

1)What is the relationship, if any, between the normal and t-distributions? A)A

1)What is the relationship, if any, between the normal and t-distributions? A)A t-distribution with zero degrees of freedom is a normal B)A t-distribution with one degree of freed…

1)What three things must a firm be able to do to price-discriminate? Instruction

1)What three things must a firm be able to do to price-discriminate? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and cli…

1)When four roommates agree to specialize in chores they are most efficient, thi

1)When four roommates agree to specialize in chores they are most efficient, this can lead to: A a situation in which less time is spent on chores by every roommate. B some roomma…

1)When inflation is higher than anticipated we will likely see which of the foll

1)When inflation is higher than anticipated we will likely see which of the following occur A)People on fixed incomes will suffer B)The federal reserve will likely increase the mo…

1)When people must pay higher taxes on their wage earnings, it reduces their inc

1)When people must pay higher taxes on their wage earnings, it reduces their incentive to work is a positive statement. 2) We should lover taxes to encourage more work is a positi…

1)When price is $5 per unit, quantity demanded is 12 units. When price is $6 per

1)When price is $5 per unit, quantity demanded is 12 units. When price is $6 per unit, quantity demanded is 8 units. The value of the absolute price elasticity of demand is approx…

1)Which of the following does not explain why the U.S wage rates is higher than

1)Which of the following does not explain why the U.S wage rates is higher than wage rates in developing countries? A. Better education and training of the workers in the united s…

1)Which of the following policies would Keynesian economists recommend to lower

1)Which of the following policies would Keynesian economists recommend to lower the rate price inflation in the U.S? A)Congress increase government spending by $800 billion B)Cong…

1)Which of the following statements about price discrimination is correct? 2) Wh

1)Which of the following statements about price discrimination is correct? 2) Which of the following is not a reason that monopolies arise? 3) If the price of an input decreases, …

1)Which one of the following is not a valid explanation for why workers may pref

1)Which one of the following is not a valid explanation for why workers may prefer an extra dollar Which one of the following is not a valid explanation for why workers may prefer…

1)Why does the market fail with products that have externalities? A) some of the

1)Why does the market fail with products that have externalities? A) some of the costs or benefits spill over to a third party B)nobody wants to buy these products C)nobody wants …

1)Why is Ford entering the Russian car market now as a wholly owned subsidiary?

1)Why is Ford entering the Russian car market now as a wholly owned subsidiary? a)Why did they not invest earlier, and why do they not postpone investment until the market is larg…

1)Why is this statement wrong: \"Economists argue that lower prices will result

1)Why is this statement wrong: "Economists argue that lower prices will result in fewer units being supplied. However, there are exceptions to this rule. For example, in 1972, a v…

1)With an open account the formal instrument of credit is the: banker’s acceptan

1)With an open account the formal instrument of credit is the: banker’s acceptance. invoice. promissory note. secured loan document. purchase order. e)dating an invoice at a later…

1)You\'re computing real GDP, nominal GDP, and the GDP deflator for a country ot

1)You're computing real GDP, nominal GDP, and the GDP deflator for a country other than the U.S. This country's economy is about half the size of the U.S. and the currency they us…

1)a)In what situation will a firm incur a loss? When its marginal cost exceeds t

1)a)In what situation will a firm incur a loss? When its marginal cost exceeds the price. When its average variable cost is less than the price. When its average fixed cost is les…