Economics

1. The first cost of a bridge that is expected to have an infinite life is $10 m

1. The first cost of a bridge that is expected to have an infinite life is $10 million. The maintenance cost of the bridge will be $150,000 per year. At an interest rate of 10% pe…

1. The first figure below shows US petroleum imports, exports and domestic produ

1. The first figure below shows US petroleum imports, exports and domestic production as a function of year from 1973 to 2016. In a given year, what should be the relationship bet…

1. The following are examples of benefits except: a. Additional revenue to local

1. The following are examples of benefits except: a. Additional revenue to local motels because of extended national park road. b. School overcrowding because of a military base e…

1. The following graph represents the diffusion of innovation. It shows the dist

1. The following graph represents the diffusion of innovation. It shows the distribution of technology consumers. The innovators are the first to adopt a new technology and the la…

1. The following graph represents the diffusion of innovation. It shows the dist

1. The following graph represents the diffusion of innovation. It shows the distribution of technology consumers. The innovators are the first to adopt a new technology and the la…

1. The following graph shows a firm with a kinked demand curve. a. What assumpti

1. The following graph shows a firm with a kinked demand curve. a. What assumption lies behind the shape of this demand curve? b. Identify the firm’s profit-maximizing output and …

1. The following income distribution data are for Brazil. Quintile Percent Share

1.    The following income distribution data are for Brazil. Quintile Percent Share Lowest 20% 3.0% Second quintile 6.9% Third quintile 11.8% Fourth quintile 19.6% Highest 20% 58.…

1. The following information is for the US economy in 1998: Find the US labor fo

1. The following information is for the US economy in 1998: Find the US labor force, the number unemployed and the unemployment rate for 1998. Numbers are in millions Hint: start …

1. The following is a partial output and cost schedule for Kristin\'s Kwik-E-Mar

1. The following is a partial output and cost schedule for Kristin's Kwik-E-Mart. Output is measured in number of Squishies, and costs are measured in dollars. Q TFC TVC AFC AVCAT…

1. The following linear demand specification is estimated for Conlan Enterprises

1. The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm wbere Q is the quantity demanded of the product Conlan Enterprises sells, P …

1. The following probability distribution represents the number of people living

1. The following probability distribution represents the number of people living in a Household (X), and the probability of occurrence (P(X)). Compute the Expected Value (mean), t…

1. The following relations describe demand and supply. Q d = 30,000 - 100P Q s =

1. The following relations describe demand and supply.                                      Qd = 30,000 - 100P                                      Qs = -10,000 + 100P     where P…

1. The following shows the demands and marginal revenue in two markets, 1 and 2,

1. The following shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue, MRT, and marginal cost MC 700 6…

1. The following shows the demands and marginal revenue in two markets, 1 and 2,

1. The following shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue, MRT, and marginal cost MC. For …

1. The following table contains information for a price taking competitive firm.

1. The following table contains information for a price taking competitive firm. Complete the table and determine the profit maximizing level of output (round your answer to the n…

1. The following table describes the market price and the cost structure for a p

1. The following table describes the market price and the cost structure for a perfectly competitive firm. Use the Information in the following table to calculate the firm’s Total…

1. The following table indicates the production possibilities of food and clothi

1. The following table indicates the production possibilities of food and clothing per worker day in the United States and Japan. Units of Output per Worker Day C. Mutual gains fr…

1. The following table provides numerical information of a fictitious economy: C

1.    The following table provides numerical information of a fictitious economy: Consumption function: C = 2 +0.75(Y – T)- 0.05r Investment: I =3-0.3ri Government expenditure: G …

1. The following table provides the quantity of fish and coconuts that each indi

1. The following table provides the quantity of fish and coconuts that each individual can catch or gather in one hour. Coconuts Fish Adam 6 2 Friday 6 4 a. Who has the absolute a…

1. The following table shows demand and cost data for a pure monopolist. Quantit

1. The following table shows demand and cost data for a pure monopolist. Quantity demanded Price Total revenue Marginal revenue Total cost Marginal cost 0 $17 $_____ $10 1 16 ____…

1. The following table shows the total output (units) produced with various leve

1. The following table shows the total output (units) produced with various levels of labor and each of two levels capital: Labor (units)                      1             2     …

1. The following two linear functions represent a market (thus one is a supply f

1. The following two linear functions represent a market (thus one is a supply function, the other a demand function). Circle the answer closest to being correct. Approximately wh…

1. The following two linear functions represent a market (thus one is a supply f

1. The following two linear functions represent a market (thus one is a supply function, the other a demand function). Circle the answer closest to being correct. Approximately wh…

1. The following two websites provide information on the United States’ top ten

1. The following two websites provide information on the United States’ top ten exports and top ten imports: • http://www.worldstopexports.com/united-states-top-10-exports/ • http…

1. The foreign city with the most U.S banks is: A. London B. Frakfurt C. Beijing

1. The foreign city with the most U.S banks is: A. London B. Frakfurt C. Beijing D. Tokyo 2. Traditional morgages require _______ while many suprime mortgages were offered with __…

1. The foreign exchange market A. refers to the entire array of institutions thr

1. The foreign exchange market A. refers to the entire array of institutions through which people buy and sell currencies. B. is a government-run market where foreign currencies a…

1. The former Soviet Union was known for black markets. An explanation for the e

1. The former Soviet Union was known for black markets. An explanation for the existence of these illegal markets is that: goods were not subject to price controls. the government…

1. The formula for the ordinary least squares slope parameter in a simple linear

1. The formula for the ordinary least squares slope parameter in a simple linear regression model Suppose the simple linear regression model is given as y-Ao +Ax + u. Assuming (xi…

1. The four components to the total reward perspective are: a)pay, benefits, dev

1.     The four components to the total reward perspective are: a)pay, benefits, development, and compensation. B) benefits, pay, work environment, and development c)pay, developm…

1. The functions of money Patrick is heading out ot lunch. He goes to the bank a

1. The functions of money Patrick is heading out ot lunch. He goes to the bank and withdraws $100 from his savings account. He heads to a local deli that sells 6-inch submarine sa…

1. The functions of money are to serve as a Select one: a. determinant of consum

1. The functions of money are to serve as a Select one: a. determinant of consumption, investment, and government spending. b. unit of account, store of value, and medium of excha…

1. The fundamental question in economics is how to A) eliminate poverty. B) Make

1. The fundamental question in economics is how to A) eliminate poverty. B) Make the best use of scarce resources to satisfy our unlimited wants. C) How to reduce the consumption …

1. The general public is not allowed to directly vote on the leaders of the Fede

1. The general public is not allowed to directly vote on the leaders of the Federal Reserve Bank. This is done to keep the central bank insulated from political pressure. Is it th…

1. The government creates a brand new $1000. Fill in the missing data to trace w

1. The government creates a brand new $1000. Fill in the missing data to trace what happens with that money.                                                                       …

1. The government is considering taxing the production of widgets and wants to u

1. The government is considering taxing the production of widgets and wants to understand the distributional consequences. In response to your request for more information, your r…

1. The government is considering two ways of constructing a public facility. The

1. The government is considering two ways of constructing a public facility. The two ways are almost identical except the use of labor and an input. The first way uses 30 units of…

1. The government is considering two ways of constructing a public facility. The

1. The government is considering two ways of constructing a public facility. The two ways are almost identical except the use of labor and an input. The first way uses 30 units of…

1. The greater the number of different goods available in an economy, A) the les

1. The greater the number of different goods available in an economy, A) the less likely it is that a double coincidence of wants will exist, and the less likely it is that moneta…

1. The greater the standard error of an estimated coefficient: a. the greater th

1. The greater the standard error of an estimated coefficient: a. the greater the t-value of the estimated coefficient. b. the lower the t-value of the estimated coefficient. c. t…

1. The gross estate of Juanita, decedent, includes stock in Soap Corporation (E&

1. The gross estate of Juanita, decedent, includes stock in Soap Corporation (E&P of $3,000,000) valued at $2,500,000. At the time of his death, Juanita owned 60% of the Soap …

1. The growth model in which capital accumulation plays the key role is called t

1. The growth model in which capital accumulation plays the key role is called the: A- Classical growth model. B- new growth model. C- Keynesian model. D- new Classical growth mod…

1. The history of economic thought is a history of the rise and fall of differen

1. The history of economic thought is a history of the rise and fall of different paradigms, each of which are associated with specific political implications. For example, the Cl…

1. The idea that given at least one fixed input, there exists an optimal level o

1. The idea that given at least one fixed input, there exists an optimal level of some other variable input, beyond which each additional unit of the variable input produces fewer…

1. The independent variable, x, explains the variation in another variable. a. T

1. The independent variable, x, explains the variation in another variable. a. True b. False 2. In regression analysis, OLS estimation method is employed under a single assumption…

1. The individual demand curve slopes downward because a. the value an individua

1. The individual demand curve slopes downward because a. the value an individual places on an extra unit of the good decreases. b. the amount an individual is willing to pay for …

1. The inflation-unemployment relationship The following graph shows the combina

1. The inflation-unemployment relationship The following graph shows the combinations of unemployment and inflation that existed in the United States from 1961 through 1969. Hint:…

1. The interactionist view of conflict welcomes conflict and suggests that some

1. The interactionist view of conflict welcomes conflict and suggests that some degree of conflict ought to be maintained in organizations. 2. Negotiation as an insignificant mana…

1. The interdependence of profits in oligopoly markets is caused by a. the exist

1. The interdependence of profits in oligopoly markets is caused by a.   the existence of only a few relatively large firms in the market. b.   rival firms producing homogeneous p…

1. The interest rate on a bond is A. the difference between the face value and t

1. The interest rate on a bond is A. the difference between the face value and the yield, expressed as a percentage of the bond price. B. the ratio of the face value and the bond …

1. The introduction of a union into a monopsony labor market will cause employme

1. The introduction of a union into a monopsony labor market will cause employment in this market to A. Rise B. Fall C. Remain constant D. Change in a manner than cannot be determ…