Economics

The authors write \"Stock prices soared during the 1990s in the United States. T

The authors write "Stock prices soared during the 1990s in the United States. The Standard & Poor’s 500 index, which summarizes the stock price performance of 500 major compan…

The automobile market has been used as an example of a Stackelberg oligopoly whe

The automobile market has been used as an example of a Stackelberg oligopoly where one firm is the industry leader and the other firms will follow that lead. Assume the following …

The average annual growth rate of GDP is 4.6 %. The average annual growth rate o

The average annual growth rate of GDP is 4.6%. The average annual growth rate of GDP per capita is 4.02%. Suppose that the production function is Y=zK0.4L0.6. The Sowlow residual …

The average cost per night of a hotel room in New York City is $266 ( SmartMoney

The average cost per night of a hotel room in New York City is $266 (SmartMoney, March 2009). Assume this estimate is based on a sample of 45 hotels and that the sample standard d…

The average growth rate of real GDP over the 60 years preceding the Great Recess

The average growth rate of real GDP over the 60 years preceding the Great Recession (2008-2009) was 3.5%. Economists forecast the average growth rate going forward to be closer to…

The average price of regular gasoline in the continental US states and the Distr

The average price of regular gasoline in the continental US states and the District of Columbia was $3.74 on August 18, 2008. Alaska and Hawaii are not included as the gas prices …

The average propensity to consume (APC) equals the change in real disposable inc

The average propensity to consume (APC) equals the change in real disposable income divided by the change in consumption expenditures. the change in consumption expenditures divid…

The average quality of labor has increased, partly because the demand for educat

The average quality of labor has increased, partly because the demand for education and health care are: a. income elastic—rising national income generates more than proportional …

The average rate of growth for slow-growth countries is around 2% per year, and

The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year. 1. Suppose the growth rate of the economy is 2%. The siz…

The average revenue for product Q it given by AR = 120 - 3Q and the total cost o

The average revenue for product Q it given by AR = 120 - 3Q and the total cost of Q by: STC = 30 + 120Q - 5Q^1 + Q^3 a. What total profit will result from selling the quantity fou…

The average stock price for companies making up the S & P 500 is $30, and the st

The average stock price for companies making up the S & P 500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed. A. What is the pro…

The average-total-cost curve intersects Answer a. marginal cost at the minimum o

The average-total-cost curve intersects Answer a. marginal cost at the minimum of marginal cost. b. average variable cost at the minimum of average total cost. c. marginal cost at…

The balance sheet and incorme staterment shown below are for Byrd Inc., and the

The balance sheet and incorme staterment shown below are for Byrd Inc., and the data are to be used for the following questions Note that the firrn has no arnortization charges, i…

The balance sheet below is for the First Federal Bank. Assume the required reser

The balance sheet below is for the First Federal Bank. Assume the required reserve ratio is 20 percent. Liabilities +Net Worth Reserves $100,000 Checkable Deposits $300,000 140,00…

The balance sheet for Springtime National Bank as of yesterday is shown below. U

The balance sheet for Springtime National Bank as of yesterday is shown below. Use it to answer the questions that follow. The required reserve ratio is 12%. a) What is maximum am…

The balance sheet for the newly formed ACME Bank is shown below ACME Bank Balanc

The balance sheet for the newly formed ACME Bank is shown below ACME Bank Balance Sheet 1 Liabilities and net worth S 110,000 Checkable 3 106,000 S 251,000 Stock sharesS 255,000 R…

The balance sheet for the newly formed ACME Bank is shown below. The reserves li

The balance sheet for the newly formed ACME Bank is shown below. The reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. The cash ts the vault cas…

The balance sheet for the newly formed Last National Bank is shown below. The re

The balance sheet for the newly formed Last National Bank is shown below. The reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. The cash is vaul…

The balance sheet for the newly formed Last National Bank is shown below. The re

The balance sheet for the newly formed Last National Bank is shown below. The reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. The cash is vaui…

The balance sheet of a bank follows. Suppose that the reserve requirement is 3 p

The balance sheet of a bank follows. Suppose that the reserve requirement is 3 percent on the first 30 million of checkable deposits and 10 percent on checkable deposits in excess…

The balance sheet of a bank follows. Suppose that the reserve requirement is 3 p

The balance sheet of a bank follows. Suppose that the reserve requirement is 3 percent on the first $30 million of checkable deposits and 10 percent on checkable deposits in exces…

The balance sheet of a bank follows. Suppose that the reserve requirement is 3 p

The balance sheet of a bank follows. Suppose that the reserve requirement is 3 percent on the first 30 million of checkable deposits and 10 percent on checkable deposits in excess…

The balanoe sheet and income statement shown below are for Byrd Inc, and the dat

The balanoe sheet and income statement shown below are for Byrd Inc, and the data are to be used for the tollowing questions. Note that the tirm has no amortization charges, it do…

The bank of England has switched from interest rate cuts to “quantitative easing

The bank of England has switched from interest rate cuts to “quantitative easing.” This policy involves buying bonds from commercial banks in the hope that these institutions will…

The bankruptcy judge cannot attend the first meeting of the creditors. True Fals

The bankruptcy judge cannot attend the first meeting of the creditors. True False Bankruptcy proceedings are carried out at special U.S. Bankruptcy Courts created by the Congress.…

The base period is usually a year: From which changes in relative prices are com

The base period is usually a year: From which changes in relative prices are computed. From which data were first collected. Used for comparing the data for other years. In which …

The base year in the consumer price index (CPI) is: a. given a value of zero b.

The base year in the consumer price index (CPI) is: a. given a value of zero b. a year chosen as a reference for prices in all otheryears c. always the first year in the current d…

The basic Classical model and the notion that a market economy is self-regulatin

The basic Classical model and the notion that a market economy is self-regulating began with: a. the debate between David Ricardo and Thomas Malthus. b. the refining of Say's Law …

The basic assumption of the Classical model that all price in the economy are pe

The basic assumption of the Classical model that all price in the economy are perfectly One of the central tenets of the Classical model is which holds that supply creates its own…

The basic assumption of the Classical model that all price in the economy are pe

The basic assumption of the Classical model that all price in the economy are perfectly One of the central tenets of the Classical model is which holds that supply creates its own…

The basic difference between macroeconomics and microeconomicsis that A. macroec

The basic difference between macroeconomics and microeconomicsis that A.   macroeconomics is concerned with theforest (aggregate markets), while microeconomics is concerned withth…

The basic model of pure competition reviewed in this chapter finds that in the l

The basic model of pure competition reviewed in this chapter finds that in the long run all firms in a purely competitive industry will earn normal profits. If all firms only earn…

The basic postulate of economics indicates that changes in incentives influence

The basic postulate of economics indicates that changes in incentives influence the: Select one: a. actions of producers but not consumers. b. actions of consumers but not produce…

The basis for monopolistic competition is product differentiation. price. econom

The basis for monopolistic competition is product differentiation. price. economies of scale. Which statement is true? The monopolistic competitor always makes a profit in the sho…

The basket for this question is a giant bowl of pudding. To make a giant bowl of

The basket for this question is a giant bowl of pudding. To make a giant bowl of pudding you need 1 gallon of milk and 8 boxes of pudding mix. Below are the prices for 2014 and 20…

The before-tax MARR is a) higher than the after-tax MARR by\"1- t\", where t is

The before-tax MARR is a) higher than the after-tax MARR by"1- t", where t is the corporate tax rate. b) is approximately equal to the after-tax MARR. c) lower than the after-tax …

The behavior of profit-maximizing producers is guided by 1 pts O Aesthetic conce

The behavior of profit-maximizing producers is guided by 1 pts O Aesthetic concerns O Philanthropy. Social costs O self-interest. Question 10 1 pts When calculating elasticity of …

The belief that everyone should have exactly the same amount of income is A. Lor

The belief that everyone should have exactly the same amount of income is A. Lorenz principle. B. egalitarian principle. C. comparableminusworth doctrine. D. merit standard. The o…

The belief that markets behave ideally or close to ideally: is the foundation of

The belief that markets behave ideally or close to ideally: is the foundation of laissez-faire economics. is more widely accepted by liberal economists than conservative ones. is …

The below Figure shows the cost structure for a firm, use the figure to answer q

The below Figure shows the cost structure for a firm, use the figure to answer questions 1 through 3. 1. When the output level is 100 units average fixed cost is $10. $8. $5. This…

The benefits from regulation according to public interest theory go to and from

The benefits from regulation according to public interest theory go to and from regulation according to capture theory they go to a the entire economy; producers b. cohesive inter…

The best answers eliminate the puzzle concisely. 1. Explain the short-run effect

The best answers eliminate the puzzle concisely. 1. Explain the short-run effects of eliminating rent control on apartments. 2. In a competitive industry, with competitive supplie…

The best answers eliminate the puzzle concisely. 1. Explain the short-run effect

The best answers eliminate the puzzle concisely. 1. Explain the short-run effects of eliminating rent control on apartments. 2. In a competitive industry, with competitive supplie…

The best definition of profit is: 1. Total assets minus totalliabilities. 2. Tot

The best definition of profit is: 1.     Total assets minus totalliabilities. 2.     Total sales minus total taxes. 3.     Total revenues minus total costs. Which combination of p…

The best description of industries below is that: a monopolistically competitive

The best description of industries below is that: a monopolistically competitive industry is more competitive than any other industry form. monopolies are more competitive than mo…

The best measure of damages is the loss of: Something that influences a reasonab

The best measure of damages is the loss of: Something that influences a reasonable person's decision is: To qualify as an expert witness, the trial court judge must find the perso…

The best strategy for the United Statesthe United States is to ______ and the be

The best strategy for the United Statesthe United States is to ______ and the best strategy for CanadaCanada is to ______. A. impose a tariff only if CanadaCanada exports; export …

The beta of a firm is likely to be high under what two conditions? High cyclical

The beta of a firm is likely to be high under what two conditions? High cyclical business activity and low financial leverage. low cyclical business activity and high financial le…

The bill of rights was demanded by those who feared infringement on individuals’

The bill of rights was demanded by those who feared infringement on individuals’ rights by A) all governments B) state governments C) the national government it created D) the mil…

The blue curve in the following calculator represents the demand curve facing a

The blue curve in the following calculator represents the demand curve facing a firm. Use the calculator to help you answer the following questions Tool tip: Use your mouse to dra…