Economics

1. For the following statement, state Agree or Disagree. And provide brief expla

1. For the following statement, state Agree or Disagree. And provide brief explanation. c) Suppose that Jim buys bonds from a firm and both the firm and Jim expect a 2 per cent in…

1. For the same demand and cost conditions, how do price and output of a monopol

1. For the same demand and cost conditions, how do price and output of a monopoly compare to those for a competitive firm and why is the deadweight loss of a monopoly a loss of we…

1. For this question, assume that the interest rate is greater than 0. Given thi

1. For this question, assume that the interest rate is greater than 0. Given this information and the information about the payments provided below, rank the following three seque…

1. Forecasts by the Congressional Budget Office show spending on Social Security

1.     Forecasts by the Congressional Budget Office show spending on Social Security, Medicare, and Medicaid rising from 9.9 percent of GDP in 2013 to ________ percent of GDP in 2…

1. Formulate Linear Programming Problem (represent mathematically) for Diet Prob

1. Formulate Linear Programming Problem (represent mathematically) for Diet Problem given In slides. First define decision variables then write objective function and constraints.…

1. Founded in 1985, Starbucks Corporation offers brewed coffees, espresso bevera

1. Founded in 1985, Starbucks Corporation offers brewed coffees, espresso beverages, cold blended beverages, various complementary food items, and related products at over 12,000 …

1. Four friends decide to meet at a Chinese restaurant for dinner.They decide th

1. Four friends decide to meet at a Chinese restaurant for dinner.They decide that each person will order an item off the menu, andthey will share all dishes. They will split the …

1. Fredrick Corp is going to purchase and install a new piece of machinery for $

1. Fredrick Corp is going to purchase and install a new piece of machinery for $300,000 with an additional $25,000 in sales tax. This piece of machinery has additional costs such …

1. Freedom of speech, religion, association, and the press are examples of which

1. Freedom of speech, religion, association, and the press are examples of which of the following? A. civil rights B. state mandates C. nonexclusionary rights D. political liberti…

1. Frictional unemployment might be_______. (Points: 1) good sincethat means peo

1. Frictional unemployment might be_______. (Points: 1)        good sincethat means people may be seeking jobs that match their jobskills        good becausepeople learn how other…

1. Frictional unemployment might be_______. good since that meanspeople may be s

1. Frictional unemployment might be_______.        good since that meanspeople may be seeking jobs that match their job skills        good because peoplelearn how other folks live…

1. Frictional unemployment often occurs when: A) The economy enters a recession.

1. Frictional unemployment often occurs when:  A) The economy enters a recession.  B) People first enter the labor force.  C) People are discriminated against.  D) People lose a j…

1. Friedman believed that the solution to higher education was different than pu

1. Friedman believed that the solution to higher education was different than public education because higher education differs from public education in the fact that: public scho…

1. From 1970 to 2010, the real price of a college education increased, and total

1. From 1970 to 2010, the real price of a college education increased, and total enrollment increased. Which of the following could have caused this increase in price and enrollme…

1. From 1980 to 2000, the yen/dollar exchange rate fell from 240 yen/dollar to 1

1. From 1980 to 2000, the yen/dollar exchange rate fell from 240 yen/dollar to 102 yen/dollar, while the dollar/pound exchange rate fell from 2.22 dollars/pound to 1.62 dollars/po…

1. From a development/business standpoint, sustainability has been defined as th

1. From a development/business standpoint, sustainability has been defined as the triple bottom line which includes consideration of economic, environmental and social factors. Is…

1. From an initial long-run equilibrium, if aggregate demand grows more slowly t

1. From an initial long-run equilibrium, if aggregate demand grows more slowly than long-run and short-run aggregate supply, then Congress and the president would most likely a.  …

1. From one year to the next nominal GDP rises and the GDP deflator falls. A. Re

1. From one year to the next nominal GDP rises and the GDP deflator falls. A. Real GDP must have fallen more than nominal GDP rose. B. Real GDP must have risen more than nominal G…

1. Fundamentals of consumer choice Lorenzo and his friend go out for lunch to a

1. Fundamentals of consumer choice Lorenzo and his friend go out for lunch to a nearby food court. Lorenzo is trying to decide between ordering a burger or a sandwich. Which of th…

1. Fundamentals of consumer choice Teresa spends a significant amount of time re

1. Fundamentals of consumer choice Teresa spends a significant amount of time researching resorts for a long overdue vacation, paying special attention to resorts' chefs and food …

1. Future Value -- If you deposit $10,000 in a bank account that pays 10 percent

1. Future Value -- If you deposit $10,000 in a bank account that pays 10 percent interest annually, how much would be in your account after 5 years? 2. Present Value -- What is th…

1. GDP Data Analysis Locate current data for GDP for the U.S. (Go to the Bureau

1. GDP Data Analysis Locate current data for GDP for the U.S. (Go to the Bureau of Economic Analysis Web site. Click on Interactive Data Tables, then National Income and Product A…

1. GDP Data Analysis Locate current data for GDP for the U.S. (Go to the Bureau

1. GDP Data Analysis Locate current data for GDP for the U.S. (Go to the Bureau of Economic Analysis Web site. Click on Interactive Data Tables, then National Income and Product A…

1. GDP can be measured in terms of expenditures but not income, since income is

1. GDP can be measured in terms of expenditures but not income, since income is subject to taxation. True False -------------------------------------- 2. Income rises after a char…

1. GDP does not include the value of used goods that are resold. It does include

1. GDP does not include the value of used goods that are resold. It does include the income earned by the business that sells the used goods since they are providing a new serivce…

1. GDP excludes the value of intermediate goods because their value is included

1. GDP excludes the value of intermediate goods because their value is included in the value of final goods. True of False 2. In 2009, government purchases was the largest compone…

1. GDP is defined as the market value of all final goods and services produced w

   1.   GDP is defined as the market value of all final goods and services produced within a country in a given period of time. In spite of this definition, some production is lef…

1. GDP is defined as the market value of all finals good and services produced w

1. GDP is defined as the market value of all finals good and services produced within a country in a given period of time. in spite of this definition, some production is left out…

1. Gains from trade Consider two neighboring island countries called Dolorium an

1. Gains from trade Consider two neighboring island countries called Dolorium and Contente. They each have 4 million labor hours available per week that they can use to produce je…

1. Game theory focuses on a. strategic behavior among interdependent firms. b. p

1. Game theory focuses on a. strategic behavior among interdependent firms. b. professional athletic events. c. competition between the players in board games. d. competition betw…

1. Gasoline prices have been in the news, and this has directed new attention to

1. Gasoline prices have been in the news, and this has directed new attention to the issue of appropriate gasoline taxes and automobile use costs. Suppose that the demand in Michi…

1. Gelato Cheese Company, a major processor of cheese sold throughout the United

1. Gelato Cheese Company, a major processor of cheese sold throughout the United States, employs one hundred workers at its principal processing plant. The plant is located in Hea…

1. Generally, over which time period will a firm be able to respond most to a ch

1. Generally, over which time period will a firm be able to respond most to a change in price? a. in one month b. in six months c. in one year d. in five years 2. Market demand is…

1. George is deciding whether to pay $5 for a can of soft drink at a market stal

1. George is deciding whether to pay $5 for a can of soft drink at a market stall or wait 30 minutes for a free can of soft drink at another stall. An economist would reason that:…

1. Given a demand function Qd 60 10P and a supply function Qs 10P, find the equi

1. Given a demand function Qd 60 10P and a supply function Qs 10P, find the equilibrium quantity and price. Answers are in numbers. A. Q=20; P-2 B. Q-30; P-3 C. Q-20; P-3 D. Q-30;…

1. Given absolute value of computed elasticity = 8.0 and the %change in Quantity

1. Given absolute value of computed elasticity = 8.0 and the %change in Quantity = 2% what is the % change in Price? 2. If the store owner (who also paid attention in his economic…

1. Given discount yield, find price (assume 360 dayslyear): A $300,000 T bill ha

1. Given discount yield, find price (assume 360 dayslyear): A $300,000 T bill has 190 days to maturity and a 6% discount yield. Its price is $ 2. Given price, find discount yield …

1. Given the MPC is positive and less than one, an increase in disposable income

1. Given the MPC is positive and less than one, an increase in disposable income will _____. increase both consumption and saving increase consumption and decrease saving decrease…

1. Given the following Production Possibilities Frontiers, answer the following

1. Given the following Production Possibilities Frontiers, answer the following questions: gardening 200 90 gardening 30 100 housework Housework Brenda Jeremy a. Who has the absol…

1. Given the following original problem: max Z = 6x1 + 4x2 + 5x3 s.t. x1 + 2x2 +

1. Given the following original problem: max Z = 6x1 + 4x2 + 5x3 s.t. x1 + 2x2 + x3 <= 430 3x1 + 2x3 <= 520 x1 + 4x2 <= 600 x1, x2, x3 >= 0 Answer the following questi…

1. Given the general agreement that pollution is undesirable and social welfare

1. Given the general agreement that pollution is undesirable and social welfare is increased by reducing pollution, the optimal level of pollution in a society is: a. zero. b. the…

1. Given the production function Y= RK, L )-K 1/3L2/3 in Biwei economy, answer q

1. Given the production function Y= RK, L )-K 1/3L2/3 in Biwei economy, answer questions: Derive the per-worker production function. a. b. Does this production function have const…

1. Given the table above and assume that guns are represented on the Y axis and

1. Given the table above and assume that guns are represented on the Y axis and butter on the X axis. Which of the following question is true. The opportunity cost is constant at …

1. Given your findings about the price level and real GDP, consider possible mon

1. Given your findings about the price level and real GDP, consider possible monetary responses by the Fed. What would happen if the Fed targeted lower interest rates? Higher inte…

1. Global trade provides opportunity for new markets. True/False 2. In order to

1. Global trade provides opportunity for new markets. True/False 2. In order to make ethical decisions, it is helpful to think about several questions, including: 1) who will be i…

1. Go to EconDebates at http://www.swlearning.com/economics/policy_debates/econ_

1. Go to EconDebates at http://www.swlearning.com/economics/policy_debates/econ_debates_intl_trade.html 2. Under InTernational Trade click on the Full Debate for the question: "Do…

1. Go to Google finance to find the closing price of GOOGL and AMD for the month

1. Go to Google finance to find the closing price of GOOGL and AMD for the month of August (click on the Historical prices tab on the left). (a) What is the mean and sample varian…

1. Go to www.strategicbusinessinsights.com/vals/presurvey.shtml. Take the survey

1. Go to www.strategicbusinessinsights.com/vals/presurvey.shtml. Take the survey to determine which lifestyle category you fit into. Then write a two-page paper describing how you…

1. Goods Market Model with Flat Tax Suppose that Cascadia\'s economy is describe

1. Goods Market Model with Flat Tax Suppose that Cascadia's economy is described by the following equations: with YD2KT C 200+.75YD 1=100 Z-C+I+G G-200 T= 100 where C is consumpti…

1. Governments in market based economies never target 0% unemployment. What migh

1. Governments in market based economies never target 0% unemployment. What might be one reason they do not? a) Governments have an interest in keeping some proportion of the popu…