Economics

1. A reason why there is more competition in the restaurant industry than in the

1. A reason why there is more competition in the restaurant industry than in the music streaming industry is that restaurants A.unlike music streaming? companies, have to abide by…

1. A relaxation of U.S. immirgration laws and regulations would a. further reduc

1.  A relaxation of U.S.  immirgration laws and regulations would a.  further reduce wages in poorer countries b.  turn some permanent resource differentials into temporary ones c…

1. A reporter contacts you to comment on a report that manufactureres of widgets

1. A reporter contacts you to comment on a report that manufactureres of widgets are colluding. You study the widget market and estimate that the elasticity of demand at the marke…

1. A researcher believes that the average size of farms in the U.S. has increase

1. A researcher believes that the average size of farms in the U.S. has increased from the 2002 mean of 471 acres. She took a sample of 23 farms in 2011 to test her belief and fou…

1. A researcher investigating the impact of television advertising on consumer a

1. A researcher investigating the impact of television advertising on consumer attitudes toward Brand X, compared with attitudes of a sample of respondents who did not watch the A…

1. A researcher would like to conduct a test concerning the average weight of a

1. A researcher would like to conduct a test concerning the average weight of a component part manufactured by the company. The contract the company has specifies that the average…

1. A restaurant manager owns deep fryer equipment. The manager has two options:

1. A restaurant manager owns deep fryer equipment. The manager has two options: (1) Rent machine to another restaurant to ean $8,000 per month or (2) Pay $6,000 in licensing fees …

1. A retail store faces a demand equation for Roller Blades given by: Q= 180- 1.

1. A retail store faces a demand equation for Roller Blades given by: Q= 180- 1.5P, where Q is the number of pairs sold per month and P is the price per pair in dollars. a. The st…

1. A rise in the amount of inflation, given a fixed nominal interest rate will c

1. A rise in the amount of inflation, given a fixed nominal interest rate will cause: a. The nominal interest rate to rise b.  The nominal interest rate to fall c. The real intere…

1. A rm produces an output y using labor and capital, whose quantities are denot

1. A rm produces an output y using labor and capital, whose quantities are denoted respectively by xL and xK. Suppose this rm's production function is given by f(L;K)=50?KL + K + …

1. A self-enforcing contract is one in which: A.those who accept the contract po

1. A self-enforcing contract is one in which: A.those who accept the contract possess characteristics desirable by the other party. B.both parties face incentives to avoid opportu…

1. A series of equal quarterly payments of $2,000 extends over a period of five

1. A series of equal quarterly payments of $2,000 extends over a period of five years. What is the present worth of this quarterly-payment series at 9.75% interest compounded cont…

1. A sharp decrease in housing prices makes people much less wealthy. If the pri

1. A sharp decrease in housing prices makes people much less wealthy. If the primary effect of this decreased wealth is felt on labor supply, what happens to the level of employme…

1. A shoe manufacturer is currently producing 100,000 pairs of shoes per year. T

1. A shoe manufacturer is currently producing 100,000 pairs of shoes per year. The firm estimates overhead cost as $6.50 per unit of output and total variable cost as $1,700,000. …

1. A short-run average cost curve is tangent to the long-run average cost curve

1. A short-run average cost curve is tangent to the long-run average cost curve at the quantity where: a. long-run average cost is minimized b. the fixed plant size would have bee…

1. A small business which produces plastic vacuum-suction covers for round house

1.       A small business which produces plastic vacuum-suction covers for round household dishes has a monopoly that is protected by a utility patent. The market demand curve for…

1. A small business which produces plastic vacuum-suction covers for round house

1.       A small business which produces plastic vacuum-suction covers for round household dishes has a monopoly that is protected by a utility patent. The market demand curve for…

1. A smaller crowding-out effect: a. increases the magnitude of a given fiscal p

1. A smaller crowding-out effect: a. increases the magnitude of a given fiscal policy's effect oninterest rates and increases the magnitude of its effects on net exports. b. incre…

1. A society canproduce two goods: donuts and beer. The society\'s productionpos

1. A society canproduce two goods: donuts and beer. The society's productionpossibility frontier is negatively sloped and "bowed outward" fromthe origin. As this society moves dow…

1. A statement identifying the engineering economics method used in determining

1. A statement identifying the engineering economics method used in determining the answer 2. Cash Flow Diagrams for each component of the question/answer 3. The formula(s) used f…

1. A stock just paid a dividend of $2.00. Analysts expect the dividend to grow a

1. A stock just paid a dividend of $2.00. Analysts expect the dividend to grow at rate of 8%. What is the dividend yield and capital gains yield if the price of the stock is curre…

1. A student has to write a report about the causes of the rebellion in Libya fo

1. A student has to write a report about the causes of the rebellion in Libya for a Political Science class. Which source is the best place to start? Wikipedia entry about Libya N…

1. A study is conducted to determine if there is a relationship between stomach

1. A study is conducted to determine if there is a relationship between stomach cancer and alcohol consumption. Everyone treated at a hospital for stomach cancer was asked about t…

1. A study shows that the mean ATM transaction takes 74 seconds, the median is 6

1. A study shows that the mean ATM transaction takes 74 seconds, the median is 63 seconds and the mode is 51 seconds. How could this data be collected? (or How was this data colle…

1. A substitute good is a determinant of supply. True False 2. As globalization

1. A substitute good is a determinant of supply. True False 2. As globalization and world trade proliferates, individual markets within countries' economies become more competitiv…

1. A survey performed by Verizon wireless in regards to the preferences of the c

1. A survey performed by Verizon wireless in regards to the preferences of the color for cell phone covers showed the following results: (a) Calculate the probability that a rando…

1. A tax is regressive if it takes a: A. Smaller fraction of dollars as income r

1. A tax is regressive if it takes a: A. Smaller fraction of dollars as income rises. B. Smaller fraction of dollars as income falls. C. Larger number of dollars as income rises. …

1. A tax on sellers of apples: a. Leads sellers to supply more apples at every p

1. A tax on sellers of apples: a. Leads sellers to supply more apples at every price B. Leads sellers to supply less apples at every price C. Causes the supply curve to shift to t…

1. A temporary fiscal expansion (with full employment) will A. increase the Curr

1. A temporary fiscal expansion (with full employment) will A. increase the Current Account. B. increase GDP. C. depreciate the home exchange rate. D. cause the XX line to rise. 2…

1. A trader buys two July futures contracts on frozen orange juice. Each contrac

1. A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 15,000 pounds. The current futures price is 160 cents per pound, the initi…

1. A visiting American executive finds that a foreign subsidiary in a less devel

1. A visiting American executive finds that a foreign subsidiary in a less developed country has hired a 12-year-old girl to work on a factory floor, in violation of the company’s…

1. A wheat farmer operating in the short run produces 100 bushels of wheat. Her

1. A wheat farmer operating in the short run produces 100 bushels of wheat. Her average total cost per bushel is $1.75, total revenue is $450, and (total) fixed costs are equal to…

1. A wheat farmer operating in the short run produces 100 bushels of wheat. Her

1. A wheat farmer operating in the short run produces 100 bushels of wheat. Her average total cost per bushel is $1.75, total revenue is $450, and (total) fixed costs are equal to…

1. A worker has cost of effort function C(E) = E2/10, and a firm earns revenue E

1. A worker has cost of effort function C(E) = E2/10, and a firm earns revenue E for each unit of effort expended by the worker. (Firms hire 1 worker.) Pay is set according to a +…

1. A worker in Equador can earn $3 per day making cotton cloth on a hand loom. A

1. A worker in Equador can earn $3 per day making cotton cloth on a hand loom. A worker in the United States can earn $70 per day making cotton cloth with a mechanical loom. What …

1. A worker in Rhode Island can produce 1 pound of corn in 15 minutes and 1 poun

1. A worker in Rhode Island can produce 1 pound of corn in 15 minutes and 1 pound of shucked oysters in 10 minutes. A worker in South Carolina can produce 1 pound of corn in 20 mi…

1. A) Why is a period of prolonged deflation especially bad for investors? B) Wh

1. A) Why is a period of prolonged deflation especially bad for investors? B) Why is a period of prolonged deflation especially bad for hourly wage workers? C) Why is a period of …

1. A). Graph inverse supply. Assuming the market price of coal is p = $150, calc

1. A). Graph inverse supply. Assuming the market price of coal is p = $150, calculate and label: (1) Quantity supplied (2) MWTA by producers (3) Marginal costs (MC) of production …

1. A,b and c questions in the picture Other than 2. Also draw Competitive firms

1. A,b and c questions in the picture Other than 2. Also draw Competitive firms demand curve monopollst. 4. The diagram below shows a monopolist's MC and ATC curves as well as the…

1. A. Assumecarsandgasolinearecomplements.Whenthepriceofgasoline goesup,whichof

1. A. Assumecarsandgasolinearecomplements.Whenthepriceofgasoline goesup,whichof the following will happen to the market forcars? a. The equilibrium price of cars will increase. b.…

1. A. Define what is meant by a i) balanced budget ii) budget surplus iii) budge

1. A. Define what is meant by a i) balanced budget ii) budget surplus iii) budget deficit B. i) what condition of the federal budget (as stated in a above) contributes to an incre…

1. A. Economics different than other social sciences. Explain why using John May

1. A. Economics different than other social sciences. Explain why using John Maynard Keynes's definition and why does the frustrate hard scientists like biologists, physicists and…

1. A. The two characteristics of public goods are non-rivalness in consumption a

1. A. The two characteristics of public goods are non-rivalness in consumption and non-exclusion. To what extent do these characteristics apply to the following goods and services…

1. A. is highly susceptible to recessions and high unemployment. B. is capable o

1. A. is highly susceptible to recessions and high unemployment. B. is capable of always producing at its optimal capacity. C.can only lessen the impacts of business cycles throug…

1. A.If the prices of all products are rising at 5 percent per year and your emp

1. A.If the prices of all products are rising at 5 percent per year and your employer gives you a 5 percent salary increase, are you better off, worse off, or equally well off in …

1. ABC Corp. owns a piece of land and building a few miles from its headquarters

1. ABC Corp. owns a piece of land and building a few miles from its headquarters. The land originally cost ABC $500,000 to purchase. ABC is considering using the facility for a ne…

1. About two-thirds of funding for substance abuse treatment comes from taxpayer

1. About two-thirds of funding for substance abuse treatment comes from taxpayers. Are there external benefits of substance abuse treatment that warrant this level of public fundi…

1. About two-thirds of funding for substance abuse treatment comes from taxpayer

1. About two-thirds of funding for substance abuse treatment comes from taxpayers. Are there external benefits of substance abuse treatment that warrant this level of public fundi…

1. About two-thirds of funding for substance abuse treatment comes from taxpayer

1. About two-thirds of funding for substance abuse treatment comes from taxpayers. Are there external benefits of substance abuse treatment that warrant this level of public fundi…

1. According Harvard business professor Michael Porter, which of the following i

1. According Harvard business professor Michael Porter, which of the following is NOT a viable strategy to achieve competitive advantage? Select one: a. Differentiation b. Focus c…