Economics

1. Joint output of individuals or nations will be maximized when goods are excha

1. Joint output of individuals or nations will be maximized when goods are exchanged between parties in accordance with the law of "comparative advantage". True False 2. The law o…

1. Jon Brooks quit his job in a bicycle shop, where he earned $15,000 per year,

1. Jon Brooks quit his job in a bicycle shop, where he earned $15,000 per year, to become a graduate student in economics. At the university he attended, he spent $2,000 on books,…

1. Jonas lives in Germany and earns $20,000 per year at his job. He is consideri

1. Jonas lives in Germany and earns $20,000 per year at his job. He is considering a job offer in the United States, which would give him a salary of $24,000 per year for the next…

1. Jonathan was notified by the IRS that he should appear at the local IRS distr

1. Jonathan was notified by the IRS that he should appear at the local IRS district office with support for his 20x1 travel and entertainment expenses, as well as his charitable d…

1. Joshua Corp. has 10% coupon bonds on the market with 8 years to maturity. The

1. Joshua Corp. has 10% coupon bonds on the market with 8 years to maturity. The bonds make semi-annual payments and currently sell for 107 percent of par. What is the Yield-to-Ma…

1. Julie orally agrees to assume Carlyle\'s debt to FunGames, Inc. Julie gets a

1. Julie orally agrees to assume Carlyle's debt to FunGames, Inc. Julie gets a substantial personal benefit from the agreement¾Carlyle agrees to work for Julie's landscaping servi…

1. Karl Marx said that ____________________. a) whoever controlled a society\'s

1. Karl Marx said that ____________________. a) whoever controlled a society's capital controlled that society b) in the long run, capitalism would survive c) the U.S.S.R's commun…

1. Key decision criteria related to risk management planning includes (a) Safety

1. Key decision criteria related to risk management planning includes (a) Safety-first rule (b) Production risk (c) Attitude toward risk (d) Product diversification 2. A risk-lovi…

1. Key facts about economic fluctuations Aa Aa The following graph approximates

1. Key facts about economic fluctuations Aa Aa The following graph approximates business cycles in the United States from January 1973 to January 1983. The vertical blue bars coin…

1. Keynes and Churchill. Prior to World War I, each of the European coun- tries

1. Keynes and Churchill. Prior to World War I, each of the European coun- tries fixed their currencies to the price of gold. However, during World War I (a) Suppose that over the …

1. Keynes had doubts on the effectiveness of monetary policy during recession. E

1. Keynes had doubts on the effectiveness of monetary policy during recession. Explain two reasons. 2.Show graphically an example of the Keynesian equilibrium which occurs at less…

1. Know the term: consumption function. 2, when disposable income is zero, consu

1. Know the term: consumption function. 2, when disposable income is zero, consumption expenditure is equal to (autonomous /induced) consumption. 3. On a consumption function grap…

1. Knowing what you know about the multiplier, why do you think that the Fed doe

1. Knowing what you know about the multiplier, why do you think that the Fed doesn’t change the reserve rate as it changes these other listed money creation factors? (discount int…

1. Knowledge about how to produce is called capital technology human capital ent

1. Knowledge about how to produce is called capital technology human capital entrepreneurship Occam's Razor b. C. e. 2. When economists say people behave rationally, they mean peo…

1. Kristen makes $200 a day at a bank. She takes off two days of work without pa

1. Kristen makes $200 a day at a bank. She takes off two days of work without pay to fly with her friends to another city to attend the concert of her favorite music group. The co…

1. Kumar owns a small seafood restaurant, where he works full-time in the kitche

1. Kumar owns a small seafood restaurant, where he works full-time in the kitchen. His total revenue last year was $100,000, and his rent was $3,000 per month. He pays his one emp…

1. Labor statistics These are the US statistics for 2016 (Source BLS): the civil

1. Labor statistics These are the US statistics for 2016 (Source BLS): the civilian non institutional population is the emploved the unemployed 254 million 151 million 8 million u…

1. Lance Murdock purchased a wooden statue of a Conquistador for $ 7200 to put i

1. Lance Murdock purchased a wooden statue of a Conquistador for $ 7200 to put in his home office 8 years ago. Lance has recently? married, and his home office is being converted …

1. Large-denominated ($100,000 and more) time deposits 2. Noncheckable savings d

1. Large-denominated ($100,000 and more) time deposits 2. Noncheckable savings deposits 3. Currency (coins and paper money) in circulation 4. Small-denominated (less than $100,000…

1. Law of equi-marginal utility says that a. marginal utility should be same fro

1. Law of equi-marginal utility says that a. marginal utility should be same from all goods. b. marginal utility of the last dollar spent should be same for all goods. c. marginal…

1. Laws are efficient if they A. Uphold absolute property rights B. Restrict all

1.     Laws are efficient if they A. Uphold absolute property rights B. Restrict all undesirable action like polluting C. Work to equate the marginal benefits and marginal costs o…

1. Legal protections for private property, even intellectual property, are neces

1. Legal protections for private property, even intellectual property, are necessary: Because less investment will be undertaken without those protections To promote efficiency Al…

1. Less-developed nations sometimes argue that the industrialized nations\' tari

1. Less-developed nations sometimes argue that the industrialized nations' tariff structures discourage the less-developed nations from undergoing industrialization. How? ? 2. Dis…

1. Let X denote the number of rainy days on the coming weekend. Suppose that the

1. Let X denote the number of rainy days on the coming weekend. Suppose that there is a 20% chance of rain on Saturday and 50% chance of rain on Sunday. Assume that rain on Saturd…

1. Let the reserve ratio (rr) = .1. Checking Accounts Deposits at the Fed Govern

1. Let the reserve ratio (rr) = .1. Checking Accounts Deposits at the Fed Government Bonds Loans $100,000 $50,000 $20,000 $30,000 a. Construct an initial balance sheet. b. Calcula…

1. Let’s return to our video gaming franchise from our previous problem set. Now

1. Let’s return to our video gaming franchise from our previous problem set. Now, however, we’ll examine how the presence of either monopoly or monopsony powers (for the franchise…

1. Let’s say you have 2 schools that you can attend with the following character

1. Let’s say you have 2 schools that you can attend with the following characteristics. Both schools will give yield the same degree. School A – will costs $10,000 to complete and…

1. List and describe the four functions of money 2. Calculate M1 and M2 using de

1. List and describe the four functions of money 2. Calculate M1 and M2 using details from the table given below. Value (in millions) Currency $75 Checkable deposits 90 Traveler's…

1. List and discuss four (4) sources of law. 2. The U.S. Federal Courts consist

1.      List and discuss four (4) sources of law. 2.      The U.S. Federal Courts consist of what three (3) levels? 3.      Distinguish the "Title Theory" from the "Lien Theory" o…

1. List the factors that might influence a country\'s exports, imports, and trad

1. List the factors that might influence a country's exports, imports, and trade balance. 2. Suppose that Bill, a resident of the U.S., buys software from a company in Japan. Expl…

1. List the four rules of the social contract known as the sixteen decisions and

1. List the four rules of the social contract known as the sixteen decisions and discuss why each one is important for women to learn and apply them. 2. what are the four principl…

1. List three businesses that can exist today, because of the World Wide Web tha

1. List three businesses that can exist today, because of the World Wide Web that could not have existed before the advent of this technological communication system. 2. How has t…

1. List three main tools available to the Fed to change the money supply in the

1. List three main tools available to the Fed to change the money supply in the economy. Which tool do you think is most commonly used? If the Fed wanted to decrease the supply of…

1. Long Purchase with Margin You open a brokerage account and deposit $18,000. F

1. Long Purchase with Margin You open a brokerage account and deposit $18,000. For your first trade you buy 500 shares of Micron Technology (Ticker:MU). You place a market order a…

1. Long-run real interest rates are expected to increase. An accountant and an M

1.      Long-run real interest rates are expected to increase. An accountant and an MBA student (who just finished his course of Managerial Economics) where interviewed regarding …

1. Long-term care in the U.S. is: a. Often provided informally by family and fri

1. Long-term care in the U.S. is: a. Often provided informally by family and friends. b. Most effective in the most institutionalized settings possible. c. Only available to peopl…

1. Look at each of the following cases from the point of view of the balance of

1. Look at each of the following cases from the point of view of the balance of payments for the United States. Determine the "subcategory" of the current account or financial acc…

1. Look at this data from the Federal Reserve, showing the changes it made to th

1. Look at this data from the Federal Reserve, showing the changes it made to the federal funds target rate in 1998 What type of monetary policy was it following? a expansionary m…

1. Look at this data from the Federal Reserve, showing the changes it made to th

1. Look at this data from the Federal Reserve, showing the changes it made to the federal funds target rate in 1998. What type of monetary policy was it following? a. expansionary…

1. Lovers of classical music persuade Parliament to impose a price ceiling of $4

1. Lovers of classical music persuade Parliament to impose a price ceiling of $40 per concert ticket. Does this policy get more or fewer people to attend classical music concerts?…

1. Lumberjack Power, operator of a nuclear plant, is planning to replace its cur

1. Lumberjack Power, operator of a nuclear plant, is planning to replace its current equipment with some that is more environmental friendly. The old equipment has annual operatin…

1. M1 includes: a. cash and travelers\' checks. b. cash, checking account balanc

1. M1 includes: a. cash and travelers' checks. b. cash, checking account balances, and travelers' checks. c. cash, travelers checks', and bank deposits d. cash, checking account b…

1. Mabel and Sam both produce tomatoes and pasta sauce. The table shows their po

1. Mabel and Sam both produce tomatoes and pasta sauce. The table shows their possible production per month if both work the same number of 8 hour days. Given this information, Ma…

1. MacDonald\'s Hamburger Company wants to hedge its anticipated purchase of 300

1. MacDonald's Hamburger Company wants to hedge its anticipated purchase of 300,000 pounds of hamburger with the live cattle futures contract (40,000 lb. of live cattle per future…

1. Maintaining a strong dollar in international currency markets in order to boo

1. Maintaining a strong dollar in international currency markets in order to boost American exports is a high priority policy for the Federal Reserve. True or False? 2. Dollar bil…

1. Make a list of things that would shift the aggregate demand curve to the righ

1. Make a list of things that would shift the aggregate demand curve to the right. 2. Make a list of things that would shift the long-run aggregate supply curve to the right. 3. S…

1. Many ethical thinkers have called for a worldwide ban on all forms of human c

1. Many ethical thinkers have called for a worldwide ban on all forms of human cloning. Do you agree with the this argument? Could we realistically allow therapeutic cloning but b…

1. Many experts assert that industrialization has essentially made us less indep

1. Many experts assert that industrialization has essentially made us less independent and more closely connected to other people than ever before. What does she mean by that stat…

1. Many market breakdowns result in either the demand or supply curve being inco

1. Many market breakdowns result in either the demand or supply curve being incorrectly placed for the purpose of achieving socially optimal outcomes. For each of the following br…

1. Many people fully intend to start exercising some day. Suppose there are thre

1. Many people fully intend to start exercising some day. Suppose there are three dates: t-0,1 and 2. At time 0, two people, Hip and Hop, have the choice between the following two…