Economics

1. If you receive $139.00 in two years and you are told that the present value o

1. If you receive $139.00 in two years and you are told that the present value of that quantity is 123.71, what is the discount rate? 2. Suppose you invest today $1,000 in an inve…

1. If you receive a free ticket to a concert, what, if anything, is your opportu

1. If you receive a free ticket to a concert, what, if anything, is your opportunity cost of attending the concert? How does your opportunity cost change if miserable weather on t…

1. If you were an import-competing producer in a growing market, which trade ins

1.If you were an import-competing producer in a growing market, which trade instrument would you prefer If you were an import-competing producer in a growing market, which trade i…

1. If you were working in a gas station and the manager wants to increase the pr

1. If you were working in a gas station and the manager wants to increase the price of gasoline 5%, (a) what would you tell him about future revenue? (Consider  the theory of pric…

1. If, at the output where marginal cost equal marginal revenue, both a pure com

1. If, at the output where marginal cost equal marginal revenue, both a pure competitor's and a monopolistic's marginal revenue is $5.00. A. Both sellers' profit-maximizing price …

1. Ikes Tropical Foods specializes in the wholesale distribution of goods, such

1. Ikes Tropical Foods specializes in the wholesale distribution of goods, such as rice, and beans. The firms manager is concerned about an article he read in this mornings Wall S…

1. Illustrate each of the following events using a demand andsupply diagram for

1. Illustrate each of the following events using a demand andsupply diagram for bananas. a. Reports surface that imported bananas are infected wit adeadly virus. b. Consumers' inc…

1. Illustrate with a real life example how well-defined, exchangeable property r

1. Illustrate with a real life example how well-defined, exchangeable property rights(exclusive, transferable, and enforceable) will lead to economic efficiency. 2.) Using a two-p…

1. Imagine a two period model of the market for diamonds - a non-renewable, non-

1. Imagine a two period model of the market for diamonds - a non-renewable, non-recyclable resource. The marginal cost of extracting diamonds is constant at $20. The demand curve …

1. Imagine that a high school junior received a bonus check from his boss on the

1. Imagine that a high school junior received a bonus check from his boss on the last day of his summer job. He decides to save all of that bonus check to pay for his senior trip …

1. Imagine that a high school junior received a bonus check from his boss on the

1. Imagine that a high school junior received a bonus check from his boss on the last day of his summer job. He decides to save all of that bonus check to pay for his senior trip …

1. Imagine that there is a public good that will be simultaneously consumed by a

1. Imagine that there is a public good that will be simultaneously consumed by a number of people and that the marginal cost of providing a unit of this public good is $162,000. E…

1. Imagine that you operate a business in your community (restaurant, landscapin

1. Imagine that you operate a business in your community (restaurant, landscaping service, beauty salon) discuss the ways that your business can contribute to customers, employees…

1. Importing goods produced by low-wage workers abroad decreases the demand for

1. Importing goods produced by low-wage workers abroad decreases the demand for low-skilled U.S. labor that makes competing goods. Supply and demand analysis shows that the equili…

1. Importing goods produced by low-wage workers abroad decreases the demand for

1. Importing goods produced by low-wage workers abroad decreases the demand for low-skilled U.S. labor that makes competing goods. Supply and demand analysis shows that the equili…

1. Imports, exports, and the trade balance The following table shows the approxi

1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1983 through 1987. Complete the table …

1. Imports, exports, and the trade balance The following table shows the approxi

1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1997 through 2001 Complete the table b…

1. Imports, exports, and the trade balance The following table shows the approxi

1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 2002 through 2006 Complete the table b…

1. Imports, exports, and the trade balance The following table shows the approxi

1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1968 through 1972 Complete the table b…

1. Imports, exports, and the trade balance The following table shows the approxi

1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1997 through 2001 Complete the table b…

1. In 2 paragraphs, identify and briefly describe two threats that you would pla

1. In 2 paragraphs, identify and briefly describe two threats that you would place in quadrant 3 (low impact and low probability) and explain why you would classify them as quadra…

1. In 2012, the government increased its debt by $50 billion and it spent $350 b

1. In 2012, the government increased its debt by $50 billion and it spent $350 billion. How much tax revenue did the government collect in 2012? Select one: a. $400 billion b. $35…

1. In Chapter 2 of our textbook Gordon explains at length that the so-called lea

1. In Chapter 2 of our textbook Gordon explains at length that the so-called leakages in any economy (over any given time period) must equal injections. In other words, private sa…

1. In Colorado, there has been a drought, and rural communities are fighting wit

1. In Colorado, there has been a drought, and rural communities are fighting with urban areas over water. This statement best represents the economic concept of: A) resources are …

1. In Costa Rica, only a few beaches remain that are nesting grounds for sea tur

1.      In Costa Rica, only a few beaches remain that are nesting grounds for sea turtles. Some of those beaches have communities situated near them; traditionally, the local peop…

1. In Costa Rica, only a few beaches remain that are nesting grounds for sea tur

1.      In Costa Rica, only a few beaches remain that are nesting grounds for sea turtles. Some of those beaches have communities situated near them; traditionally, the local peop…

1. In Country X, GDP is $400B below the full-employment level of output. Governm

1. In Country X, GDP is $400B below the full-employment level of output. Government officials have measured the marginal propensity to consume at 0.75. A. The government wants to …

1. In December 2013, American Airlines merged with U.S. Airways. The last flight

1. In December 2013, American Airlines merged with U.S. Airways. The last flight on a plane with the U.S. Airways colors took off from Boston-Logan airport a few weeks ago. This l…

1. In Europe during the l4th century, the Black Plague killed 24 million people

1. In Europe during the l4th century, the Black Plague killed 24 million people or close to 37 percent of the population. How would this affect the production possibilities curves…

1. In France it takes one worker to produce one sweater, and one worker to produ

1. In France it takes one worker to produce one sweater, and one worker to produce one bottle of wine. In Tunisia it takes two workers to produce one sweater, and three workers to…

1. In January, 2016, the civilian population 16 years old and older was 252,397,

1. In January, 2016, the civilian population 16 years old and older was 252,397,000. The number employed was 150,544,000 and the number unemployed was 7,791,000. a.How many people…

1. In World War II, a German POW camp guard exchanged bread and chocolate with p

1. In World War II, a German POW camp guard exchanged bread and chocolate with prisoners at the rate of one loaf for one chocolate bar. Inside the POW camp, the price was 15 cigar…

1. In a ______ there is a graphical representation of date over time, where the

1. In a ______ there is a graphical representation of date over time, where the x-axis represents the time interval and the y-axis represents the variable or attribute of interest…

1. In a circular flow model, households: Sell factors to production in return fo

1. In a circular flow model, households: Sell factors to production in return for wages, rents, and profits Sell goods and services in return for wages and other payments Spend on…

1. In a duopolistic market (2 firms in oligopoly) firms choose the price at whic

1. In a duopolistic market (2 firms in oligopoly) firms choose the price at which their produce will sell. The market demand is given by P=1000-2Q. Total cost for firm i is given …

1. In a given market, women with the same skills as men earn less. Which of the

1. In a given market, women with the same skills as men earn less. Which of the following would suggest that the main source of discrimination against women is employers? Companie…

1. In a macroeconomic context, choose the best definition for the term \"velocit

1. In a macroeconomic context, choose the best definition for the term "velocity." The rate at which GDP increases in a year. The speed of capital accumulation. The rate at which …

1. In a macroeconomic context, choose the best definition for the term \"velocit

1. In a macroeconomic context, choose the best definition for the term "velocity." The rate at which GDP increases in a year. The speed of capital accumulation. The rate at which …

1. In a macroeconomic context, choose the best definition for the term \"velocit

1. In a macroeconomic context, choose the best definition for the term "velocity." The rate at which GDP increases in a year. The speed of capital accumulation. The rate at which …

1. In a market economy consumers purchases depends in their: a.Costs and what th

1. In a market economy consumers purchases depends in their: a.Costs and what they can change. b.Production decisions. c.Income, taxes, and market prices. d.Expenses, supply, and …

1. In a market economy, the high salaries of some star baseball players such as

1.     In a market economy, the high salaries of some star baseball players such as Adrian Gonzalez, are determined by A team owners, based on the total number of star athletes th…

1. In a market setting, if the demand for digital video recorders increases, we

1.   In a market setting, if the demand for digital video recorders increases, we can expect that there will eventually be A.  a reduction in the price of digital video recorders …

1. In a market with annual demand Q-100-p , there are two firms, and B, that mak

1. In a market with annual demand Q-100-p , there are two firms, and B, that make identical products. Because their products are identical, if one charges a lower price than the o…

1. In a perfectly competitive decreasing-cost industry, a decrease in market dem

1. In a perfectly competitive decreasing-cost industry, a decrease in market demand in the long run causes: A. a decrease in quantity, an increase in price, and no change in profi…

1. In a perfectly competitive factor market, the supply of factor to an individu

1. In a perfectly competitive factor market, the supply of factor to an individual firm is: A) vertical. B) horizontal. C) upward sloping. D) downward sloping. 2. A market in whic…

1. In a perfectly competitive market, a company is certainly making an economic

1. In a perfectly competitive market, a company is certainly making an economic profit when: MR > MC. P > ATC. P > MC. P < ATC. 2. Look at the above picture. Mary is o…

1. In a perfectly competitive market, in the long run, the marginal cost of a fi

1. In a perfectly competitive market, in the long run, the marginal cost of a firm becomes equal to its minimum average total cost. A) True B) False 2. Generally, The price a firm…

1. In a progressive tax structure… the marginal tax rate exceeds the average tax

1. In a progressive tax structure… the marginal tax rate exceeds the average tax rate for all but the first category or bracket. taxes do not change the gap between upper and lowe…

1. In a regression model, WAGE (weakly wage in dollars) was regressed on the ind

1. In a regression model, WAGE (weakly wage in dollars) was regressed on the independent variables EDUC (education in years), IQ (IQ test score), KWW (KWW test score), EXPER (work…

1. In a small open economy with flexible exchange rates, a fiscal contraction wo

1. In a small open economy with flexible exchange rates, a fiscal contraction would A) cause an exchange rate appreciation. B) have no effect on domestic output. C) increase domes…