Economics

1. To learn about the recent federal government policy of sequestration, please

1. To learn about the recent federal government policy of sequestration, please visit the following websites: www.politico.com/p/pages/sequestration/ http://swampland.time.com/201…

1. To make sure that you understand the relationships between all of the cost co

1. To make sure that you understand the relationships between all of the cost concepts, fill in the missing values in the table below. Output Total Fixed Costs Total Variable Cost…

1. To marketers more important than reality is _________________, the process by

1. To marketers more important than reality is _________________, the process by which people select, organize and interpret information to form a meaningful picture of the world.…

1. To maximize profits, a firm should produce output up to the point where A. ma

1. To maximize profits, a firm should produce output up to the point where A. marginal revenue equals marginal cost B. price equals marginal cost C. the gap between the demand cur…

1. To maximize profits, a firm should produce output up to the point where A. ma

1. To maximize profits, a firm should produce output up to the point where A. marginal revenue equals marginal cost B. price equals marginal cost C. the gap between the demand cur…

1. To maximize profits, a firm will employ workers until for the last worker emp

1. To maximize profits, a firm will employ workers until for the last worker employed: marginal product of labor is equal to the nominal wage rate. the value of the marginal produ…

1. To minimize average cost, a firm should always operate at the minimum Margina

1. To minimize average cost, a firm should always operate at the minimum Marginal Cost. (True or False?) 2. The idea that given at least one fixed input, there exists an optimal l…

1. To produce 100 bushels of wheat, Farmer A requires fewer inputs than does Far

1. To produce 100 bushels of wheat, Farmer A requires fewer inputs than does Farmer B. We can conclude that Farmer A has an absolute advantage over Farmer B in producing wheat. 2.…

1. To say that countries gain from trade means that: A.Trade is a zero-sum game

1. To say that countries gain from trade means that:      A.Trade is a zero-sum game (that is, if one country gains, the gain must lead to an equal loss in another country). B.If …

1. To what extent (if any), should trade policy be used to address non-trade iss

1. To what extent (if any), should trade policy be used to address non-trade issues? Provide 2-3 examples in support of your argument? (15 points) Graphically illustrate and caref…

1. To what extent do payment services efficiently provide benefits to the econom

1. To what extent do payment services efficiently provide benefits to the economy? 2. Why are FIs among the most regulated sectors in the world? When is the net regulatory burden …

1. To what extent is contemporary U.S. society still agrarian? To what extent is

1. To what extent is contemporary U.S. society still agrarian? To what extent is it industrial? In what ways is our society postindustrial? 2.Identify several modern examples of M…

1. Today’s cash price for corn is $3.00/bu. You can store your corn for 4 months

1. Today’s cash price for corn is $3.00/bu. You can store your corn for 4 months at a cost of 10¢/bu. per month. What selling price in $/bu. do you need to have 4 months later to …

1. Tom Brady gets $200 per week as allowance. Irrespective of what the price of

1. Tom Brady gets $200 per week as allowance. Irrespective of what the price of comic books is, he spends exactly $100 on comic books every week. Taking absolute values, Tom’s ela…

1. Tom Clancy is a taxi cab driver who drives people from Bozeman to the airport

1. Tom Clancy is a taxi cab driver who drives people from Bozeman to the airport. He is a profit maximizing, price-taker. The market price for a taxi cab ride is $40. His costs ar…

1. Tom enters a coffee shop in which he has an open account. He fills a cup of c

1. Tom enters a coffee shop in which he has an open account. He fills a cup of coffee, holds it up to the cashier so she can see it, acknowledges the cashier's nod, and walks out …

1. Tompkins suggests teachers in the early grades introduce \"About Me\" books t

   1.   Tompkins suggests teachers in the early grades introduce "About Me" books to guide them in writing autobiographies. However, how would you move them from their autobiograp…

1. Tony invested $15,000 in a high yield account. At the end of 30 years he clos

1. Tony invested $15,000 in a high yield account. At the end of 30 years he closed the account and received $539,250. Compute the interest rate he received on the account. 2. Cons…

1. Tony invested $15,000 in a high yield account. At the end of 30 years he clos

1. Tony invested $15,000 in a high yield account. At the end of 30 years he closed the account and received $539,250. Compute the interest rate he received on the account. 2. Cons…

1. Topic: Profit-maximization under perfect competition. A perfectly competitive

1. Topic: Profit-maximization under perfect competition. A perfectly competitive market is characterized by a market price of S10 A particular firm in this market experiences a to…

1. Total government expenditures as a percentage of GDP in the United States fro

1. Total government expenditures as a percentage of GDP in the United States from 1975 until the beginning of the Great Recession: a.     grew from one-quarter to one-third. b.   …

1. Total variable costs (Points : 1) initially increase as output increases and

1. Total variable costs (Points : 1) initially increase as output increases and then decrease. always decrease with output. always increase with output. initially decrease and the…

1. Transactions costs are defined to be the costs of: Transactions costs are def

1. Transactions costs are defined to be the costs of: Transactions costs are defined to be the costs of: a. finding and obtaining offsets. b. negotiating and enforcing contracts. …

1. True of Flase. Please explain. If a good is an inferior good, then an increas

1. True of Flase. Please explain. If a good is an inferior good, then an increase in its price will increase the demand for it. 2. In 2000, Bruce spent his income on two goods, x …

1. True or False The broken window fallacy states that when a window breaks and

1. True or False The broken window fallacy states that when a window breaks and someone spends money to repair it, they have created new economic activity that would not have othe…

1. True or False The broken window fallacy states that when a window breaks and

1. True or False The broken window fallacy states that when a window breaks and someone spends money to repair it, they have created new economic activity that would not have othe…

1. True or False The broken window fallacy states that when a window breaks and

1. True or False The broken window fallacy states that when a window breaks and someone spends money to repair it, they have created new economic activity that would not have othe…

1. True or False The broken window fallacy states that when a window breaks and

1. True or False The broken window fallacy states that when a window breaks and someone spends money to repair it, they have created new economic activity that would not have othe…

1. True or False The broken window fallacy states that when a window breaks and

1. True or False The broken window fallacy states that when a window breaks and someone spends money to repair it, they have created new economic activity that would not have othe…

1. True or False: Employment or occupational segregation is likely to continue b

1. True or False: Employment or occupational segregation is likely to continue because of higher earnings profiles associated with jobs involving on-the-job training. 2. True or F…

1. True or False: Increases in imports will always lead to NET job losses in the

1. True or False: Increases in imports will always lead to NET job losses in the U.S. domestic economy.      Would this be false? 2. True or False: If all countries could restrict…

1. True or False: Organized labor repeated its success in three previous preside

1. True or False: Organized labor repeated its success in three previous presidential elections by delivering a very large majority of union members for Obama. True or False: The …

1. True or False? For cach of the following statements, choose either true or fa

1. True or False? For cach of the following statements, choose either true or false. TFThe symbols Bo and Bi represent the sample intercept and slope, respcctively. T F For differ…

1. True or False? For cach of the following statements, choose either true or fa

1. True or False? For cach of the following statements, choose either true or false. TFThe symbols Bo and Bi represent the sample intercept and slope, respcctively. T F For differ…

1. True or false (explain): The terms of trade of a country is the price of expo

1. True or false (explain): The terms of trade of a country is the price of export over the price of import An improvement of the terms of trade of one country is necessarily asso…

1. True or false The public sector today is smaller than it was 50 years ago 2.

1. True or false The public sector today is smaller than it was 50 years ago 2. Offshoring has mainly Cost the U.S. government jobs. Cost the U.S. service sector jobs. Cost the U.…

1. True or false? (a) If all prices are doubled and money income is left the sam

1. True or false? (a) If all prices are doubled and money income is left the same, the budget set does not (b) If good 1 is on the horizontal axis and good 2 is on the vertical ax…

1. True/False. For a given year, real gross domestic product (GDP) is always gre

1. True/False. For a given year, real gross domestic product (GDP) is always greater than nominal GDP. 2. True/False. If the government increases taxes by $100 billion in a closed…

1. True/False/Uncertain (30 marks) Answer each of the following statements True/

1. True/False/Uncertain (30 marks) Answer each of the following statements True/False/Uncertain. Give a full explanation of your answer including graphs where appropriate. (When i…

1. True/False: Measures of industrial concentrations are designed to measure the

1. True/False: Measures of industrial concentrations are designed to measure the ability to control prices. 2. True/False: The reason for higher capital requirements on depository…

1. Two Honolulu burger joints, Hamburger Heaven and Beach Burgers, are trying to

1. Two Honolulu burger joints, Hamburger Heaven and Beach Burgers, are trying to decide whether to charge extra for cheese on their burgers. They must both order their menus today…

1. Two Honolulu burger joints, Hamburger Heaven and Beach Burgers, are trying to

1. Two Honolulu burger joints, Hamburger Heaven and Beach Burgers, are trying to decide whether to charge extra for cheese on their burgers. They must both order their menus today…

1. Two banks have lent $20million each to a country in an Emerging Market. Bank

1. Two banks have lent $20million each to a country in an Emerging Market. Bank A has total assets of $220 million and a capital to total assets ratio of 7 percent. Bank B has tot…

1. Two firms produce a similar product such as computer hard drives. Each can ei

1. Two firms produce a similar product such as computer hard drives. Each can either charge a high or low price for their good. If they both charge a high price, they will make a …

1. Two groups of consumers live in a perfectly competitive market. The 20 consum

1. Two groups of consumers live in a perfectly competitive market. The 20 consumers in Group A have identical demand curve: q- 100-20P. The 100 consumers in Group B have identical…

1. Two points on a demand curve are P1=4, Q1=16 and P2=12, Q2=0. Find the equati

1. Two points on a demand curve are P1=4, Q1=16 and P2=12, Q2=0. Find the equation of the linear demand curve: Qd=a-bP What is the price that will maximize revenue? What is the pr…

1. U.S. GDP a. includes production of foreigners working in the U.S. and product

1. U.S. GDP a. includes production of foreigners working in the U.S. and production by U.S. residents working in foreign countries. b. includes production of foreigners working in…

1. U.S. Labor Market and Unemployment (4*5-20pts) The following graph shows the

1. U.S. Labor Market and Unemployment (4*5-20pts) The following graph shows the U.S. civilian unemployment rate seasonally adjusted data in 1990-2017 What are the patterns for the…

1. U.S. economic growth—What are the latest rates? Go to the Bureau of Economic

1. U.S. economic growth—What are the latest rates? Go to the Bureau of Economic Analysis Web site, www.bea.gov. Click on "Interactive Data Tables," then "National Income and Produ…

1. US municipal bonds are exempt from federal income tax, and you are in 35% fed

1.US municipal bonds are exempt from federal income tax, and you are in 35% federal income tax bracket. If you have two alternatives to invest in Treasury bonds with interest rate…