Economics

1. If the forward exchange rate of the yen in terms of dollars is greater than t

1. If the forward exchange rate of the yen in terms of dollars is greater than the spot exchange rate: A) Japanese interest rates must be higher than U.S. interest rates. B) U.S. …

1. If the gap on a bank\'s balance sheet is $10,000 and interest rates rise by 5

1. If the gap on a bank's balance sheet is $10,000 and interest rates rise by 5%, then bank profits fall by $50,000. rise by $50,000. fall by $500. rise by $500. 2. Banks establis…

1. If the government guarantees not only the deposits but also the other liabili

1. If the government guarantees not only the deposits but also the other liabilities of a failing bank, the government usually a. merges it with the Federal Reserve. b. closes the…

1. If the income elasticity of demand for lard is -3.00, that means that: a.lard

1. If the income elasticity of demand for lard is -3.00, that means that: a.lard is a substitute for butter b.lard is a normal good c. lard is an inferior good d. more lard will b…

1. If the landlord fails to repair leased property, tenant can withhold rent, re

1. If the landlord fails to repair leased property, tenant can withhold rent, repair then deduct costs, or sue the landlord. ( ) 2. Transfer of personal property cannot be involun…

1. If the long-run average cost curve is flat over a large range of output, we s

1. If the long-run average cost curve is flat over a large range of output, we say that the firm a. is experiencing economies of scale. b. is experiencing diseconomies of scale. c…

1. If the marginal product of labor is constant, which of the following will occ

1. If the marginal product of labor is constant, which of the following will occur if output increases?   <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:offi…

1. If the marginal propensity to consume is 4/5, the multiplieris: a. 20. b. 5.

1. If the marginal propensity to consume is 4/5, the multiplieris: a. 20. b. 5. c. 1. d. 1/5. e. 5/4. 2. The federal government buys $10 million worth of aircraftengines from Gene…

1. If the market for a certain product experiences an increase in supply and a d

1. If the market for a certain product experiences an increase in supply and a decrease in demand, which of the following results is expected to occur? a. Both equilibrium price a…

1. If the market interest rate is 16% per year when the inflation rate is 9% per

1. If the market interest rate is 16% per year when the inflation rate is 9% per year, the real interest rate is closest to: (a) 6.4% (b) 7.3% (c) 8.3% (d) 9.4% (e) >9.5% 2. Th…

1. If the median income in Canada is $50,000, it means Select one: a. that the p

1. If the median income in Canada is $50,000, it means Select one: a. that the poverty level is $50,000 b. that all Canadians earn $50,000 c. Canadians who earn $50,000 or more ar…

1. If the original price of medical care (with no insurance) equal $1,000, the q

1. If the original price of medical care (with no insurance) equal $1,000, the quantity demanded = 10. If insurance is provided (Policy X) , out of pocket drops to $400. Also the …

1. If the output from a land source brings revenue of $400, transport costs of s

1. If the output from a land source brings revenue of $400, transport costs of shipping this output to market are $55 and the land used in production is 4 acres, what will the ren…

1. If the position of the demand curve for digital rock music albums unchanged,

1. If the position of the demand curve for digital rock music albums unchanged, what can account for a continuing rise in the market clearing price? 2. If your answer to Question …

1. If the pound price of the yen falls (YEN/POUND), a. the yen cost of British g

1.   If the pound price of the yen falls (YEN/POUND), a.   the yen cost of British goods and services purchased in Japan will rise. b.   the yen cost of British goods and services…

1. If the pound price of the yen falls (YEN/POUND), a. the yen cost of British g

1.   If the pound price of the yen falls (YEN/POUND), a.   the yen cost of British goods and services purchased in Japan will rise. b.   the yen cost of British goods and services…

1. If the price level recently increased by 3% in England while falling 2% in th

1. If the price level recently increased by 3% in England while falling 2% in the United States, how much must the exchange rate change if PPP holds? Assume that theeurrent exchan…

1. If the price of Brand X straight leg distressed jeans is reduced from $100 to

1.     If the price of Brand X straight leg distressed jeans is reduced from $100 to $80 a pair, and quantity demand increases from 500 to 1,000 what is the coefficient of demand …

1. If the price of a movie rises 3 percent? and, as a? result, the quantity dema

1. If the price of a movie rises 3 percent? and, as a? result, the quantity demanded of streamed videos increases 6? percent, then the cross elasticity of demand is A. ??1/2. B. 9…

1. If the production function of an economy is 428K (1/2)L (1/2)+1167T, where T

1. If the production function of an economy is 428K (1/2)L (1/2)+1167T, where T represents the amount of land, then the marginal productivity of capital ...is 214 ((L/K) (1/2)) ..…

1. If the productivity of labor diminishes only slowly as output increases, then

1. If the productivity of labor diminishes only slowly as output increases, then labor: A. demand will most likely be inelastic. B. demand will most likely be elastic. C. supply w…

1. If the quantity demanded for a good is given by Qd = 200 - 20*P + 2*ADV, wher

1. If the quantity demanded for a good is given by Qd = 200 - 20*P + 2*ADV, where Qd is the quantity demanded, P is the price of that good, and ADV is the number of units of adver…

1. If the ratio between the price of labor and the price of capital (w/r) is sma

1. If the ratio between the price of labor and the price of capital (w/r) is smaller than the ratio between marginal product of labor and marginal product of capital (MPL/MPK) the…

1. If the required reserve ratio is 10% and the Fed conducts an open market purc

1. If the required reserve ratio is 10% and the Fed conducts an open market purchase of $100, what is the maximum possible change in the money supply? 100, 1,000, 10,000 or 10 2. …

1. If the required reserve ratio is 20% and $10,000 of new money is printed, and

1. If the required reserve ratio is 20% and $10,000 of new money is printed, and deposited into the system, by the federal reserve. What is the minimum change to the money supply …

1. If the required reserve ratio is 20% and $10,000 of new money is printed, and

1.  If the required reserve ratio is 20% and $10,000 of new money is printed, and deposited into the system, by the federal reserve. What is the minimum change to the money supply…

1. If the reserve requirement decreases, will the money multiplier increase or d

1. If the reserve requirement decreases, will the money multiplier increase or decrease? How will this affect the amount of money created in the economy? Fully explain why this is…

1. If the selling price of a product is $10, the average total cost is $8, and t

1. If the selling price of a product is $10, the average total cost is $8, and total sales are 5,000 units, the total profit will be A) $5,000 B) $8,000 C) $10,000 D) $20,000 2. T…

1. If the spot rate for British pounds is 0.57 pounds equals 1 US $, and the ann

1. If the spot rate for British pounds is 0.57 pounds equals 1 US $, and the annual interest rate on fixed rate one-year deposits of pounds is 3.5% and for US$ is 2.5%, what is th…

1. If the spot rate for Korean Won is that 950 Won is equal to 1 US dollar, and

1. If the spot rate for Korean Won is that 950 Won is equal to 1 US dollar, and the annual interest rate on fixed rate one-year deposits of Korean Won is 3.5% and for US$ is 1.5%,…

1. If the spot rate for the Won is 800 won equals 1 US $, and the annual interes

1. If the spot rate for the Won is 800 won equals 1 US $, and the annual interest rate on fixed rate one-year deposits of won is 9% and for US$ is 3%, what is the one-year forward…

1. If there are many firms in an industry and each firm\'s product is indistingu

1. If there are many firms in an industry and each firm's product is indistinguishable from the products of all other firms, the individual firm's demand curve will be   a. Upward…

1. If there are open first-class seats available on a particular flight, some ai

1. If there are open first-class seats available on a particular flight, some airlines allow customers with coach (discount) tickets to upgrade to first-class tickets during the e…

1. If there has been a 10% increase in Consumer income between two periods, what

1. If there has been a 10% increase in Consumer income between two periods, what was the percentage change in demand for foreign travel? For tobacco products? For flour? (Hint use…

1. If there has been a 10% increase in Consumer income between two periods, what

1. If there has been a 10% increase in Consumer income between two periods, what was the percentage change in demand for foreign travel? For tobacco products? For flour? (Hint use…

1. If there is an increase in the government budget deficit: A) the demand for l

1. If there is an increase in the government budget deficit: A) the demand for loanable funds will increase, interest rates will increase, and the amount of borrowing will increas…

1. If total surplus fails, there may have been a(n)___ in demand or a(n)____ in

1. If total surplus fails, there may have been a(n)___ in demand or a(n)____ in supply A) increase, decrease B ) increase, increase C) decrease, increase D) decrease, decrease 2. …

1. If we define the exchange rate as the price of foreign currency, when the exc

1. If we define the exchange rate as the price of foreign currency, when the exchange rate increases it means that A) Domestic currency is appreciating B) Domestic currency is dep…

1. If we plot capital on the vertical axis and labor on the horizontal axis, the

1. If we plot capital on the vertical axis and labor on the horizontal axis, the slope of a straight-line isocost line drawn on the same graph is a. PU/PK b. PK/PL 2. If, by incre…

1. If we wanted to prove that macaroni is an inferior good, we would test the __

1. If we wanted to prove that macaroni is an inferior good, we would test the __________ of macaroni and get a __________. a. income elasticity; number less than 1 b. income elast…

1. If you can choose from each of the following pricing strategies in a particul

1. If you can choose from each of the following pricing strategies in a particular market, which should you choose? a) 2nd degree price discrimination b) 3rd degree price discrimi…

1. If you could pick only 1 focus, should policy- makers focus on minimizing inf

1. If you could pick only 1 focus, should policy- makers focus on minimizing inflation or should they focus on minimizing unemployment? Explain and include concepts from your read…

1. If you decide to go to a medical school you will need to borrow 50,000$ to co

1. If you decide to go to a medical school you will need to borrow 50,000$ to cover tuition expenses, room and board. If the annual interest rate is 3% what is the future value of…

1. If you deposit $1,000 into a savings account that pays you 5% interest per ye

1. If you deposit $1,000 into a savings account that pays you 5% interest per year, approximately how long will it take to double your money? 2. Risk A. can be reduced by increasi…

1. If you deposit $500 in a savings account that offers 4 percent annual interes

1. If you deposit $500 in a savings account that offers 4 percent annual interest, compounded annually, and you don’t withdraw any money, how much money should you expect to have …

1. If you deposit $800 in a savings account that offers 4 percent annual interes

1. If you deposit $800 in a savings account that offers 4 percent annual interest, compounded annually, and you don’t withdraw any money, how much money should you expect to have …

1. If you had the power to eliminate tariffs on sugar cane and subsidies on biof

1. If you had the power to eliminate tariffs on sugar cane and subsidies on biofuels, would you do it? Why or why not? Would you consider this an ethical stance, why or why not? 2…

1. If you have 10 minutes or less to deliver a presentation a. speak as quickly

1. If you have 10 minutes or less to deliver a presentation a. speak as quickly as you possibly can. b. limit yourself to four or five main points. c. you can assume your audience…

1. If you invest $175 and earn a rate of return of 11%, how much money will you

1. If you invest $175 and earn a rate of return of 11%, how much money will you have in 1 years? A. $1,591 B. $194.25 C $155.75 D. None of the answers are correct 2. What is the y…

1. If you look at income distribution over the life cycle of a family, would it

1. If you look at income distribution over the life cycle of a family, would it be more equally distributed than for one specific year? 2. List some of the reasons why household i…