Economics

1. US potential GDP is tlhe value of the goods and services produced in the Unit

1. US potential GDP is tlhe value of the goods and services produced in the United States A in the reference base year B, when the U.S. unemployment rate is zero C when the U.S. e…

1. US potential GDP is tlhe value of the goods and services produced in the Unit

1. US potential GDP is tlhe value of the goods and services produced in the United States A in the reference base year B, when the U.S. unemployment rate is zero C when the U.S. e…

1. Under a fractional reserve banking system, a. member banks keep all of their

1. Under a fractional reserve banking system, a. member banks keep all of their deposits on hand as reserves. b. member banks keep a fraction of their deposits on hand as reserves…

1. Under the welfare system described in the diagram below, the marginal wage fo

1. Under the welfare system described in the diagram below, the marginal wage for this welfare recipient is: A. 1/2 the market wage B. the market wage C. twice the market wage D. …

1. Under what circumstances, and why, would the government be opposed to a merge

1. Under what circumstances, and why, would the government be opposed to a merger of two firms? How does the Justice Department decide which mergers to challenge? 2. Explain the d…

1. Under what conditions might one expect wages to be above the prevailing compe

1. Under what conditions might one expect wages to be above the prevailing competitive levels? a. In no situation is that outcome possible.   b. in the case where a union exists c…

1. Understanding opportunity cost You work as an assistant coach on the universi

1. Understanding opportunity cost You work as an assistant coach on the university basketball team and earn $15 per hour. One day, you decide to skip the hour-long practice and, i…

1. Understanding the U.S. poverty line Aa The following table shows the U.S. pov

1. Understanding the U.S. poverty line Aa The following table shows the U.S. poverty thresholds for 2011 by size of family and number of related children under the age of 18. All …

1. Unemployment and Inflation Tradeoff You go home after studying macro and expl

1. Unemployment and Inflation Tradeoff You go home after studying macro and explain the relationship between unemployment and inflation to your grandma. She laments –“sounds like …

1. Unemployment and recessions are sometimes necessary to curb high inflation. A

1. Unemployment and recessions are sometimes necessary to curb high inflation. A) True B) False 2. Investments are actions that incur costs today but provide expected benefits in …

1. Unemployment arising from a mismatch between the skills desired by firms and

1. Unemployment arising from a mismatch between the skills desired by firms and the skills offered by work (a) frictional unemployment. (b) structural unemployment. (c) demand def…

1. Unemployment rates above the target rate of unemployment lead to: a) an upwar

1. Unemployment rates above the target rate of unemployment lead to: a) an upward shift of the short-run Phillips curve. b) a downward shift of the short-run Phillips curve. c) a …

1. Unions can increase their wages by a. all of the following b. decreasing supp

1. Unions can increase their wages by a. all of the following b. decreasing supply of labor c. using the threat of a strike d. increasing the proportion of union workers in the in…

1. Unions face a trade-off between higher wages and a. equipment b. more availab

1. Unions face a trade-off between higher wages and a. equipment b. more available Positions c. fewer available positions d. none of the above 2. a state with "right to work" Laws…

1. Unsystematic risk exists when the _________________ is too high? A. Nasdaq C.

1. Unsystematic risk exists when the _________________ is too high? A. Nasdaq C. Risk premium E. None of the above B. S&P 500 D. Risk free rate 2. If you are choosing bet ween…

1. Until the Great Depression of the 1930\'s, the dominant school of economic th

1. Until the Great Depression of the 1930's, the dominant school of economic thought was ______________. a) classical economics b) Keynesian economics c) supply side economics d) …

1. Urban sprawl can have some negative impacts on the environment with respect t

1. Urban sprawl can have some negative impacts on the environment with respect to use of resources,land use, andpollution. Choose ONE of these three aspects and EXPLAIN why having…

1. Use the Aggregate Supply - Aggregate Demand model to determine which of the f

1. Use the Aggregate Supply - Aggregate Demand model to determine which of the following will likely lead to inflation a) a tax increase b) a decrease in government spending c) a …

1. Use the Life Cycle Model to answer the following. Also suppose that: There ar

1. Use the Life Cycle Model to answer the following. Also suppose that: There are only 2 periods (0 and 1) I0 = 200 I1 = 100 r = 0.2 (i.e. 20%) a) Draw the intertemporal budget co…

1. Use the balance sheet below to answer the following questions: Assets Short-T

1. Use the balance sheet below to answer the following questions: Assets Short-Term Consumer Loans (one- year maturity) Long-Term Consumer Loans (five- year maturity) 125 190 Dema…

1. Use the data below to answer the questions that follow. (10 marks) Item Amoun

1. Use the data below to answer the questions that follow. (10 marks) Item Amount (in billions of dollars) Consumption expenditure 300 Government expenditure 99 Interest and inves…

1. Use the data below to calculate the following: Civilian population 300 millio

1. Use the data below to calculate the following: Civilian population 300 million Incapable of working 120 million Not in the labor force 10 million People with a full-time job 80…

1. Use the data below to determine if either country has a comparative advantage

1. Use the data below to determine if either country has a comparative advantage in oil or corn production, and calculate the gains from trade if there is a trade of 20 barrels of…

1. Use the data in the table below to calculate the following: the rate of growt

1. Use the data in the table below to calculate the following: the rate of growth in total government expenditure, in real government spending, and in real per capita spending ove…

1. Use the data in the table to answer the following questions. Year Nominal Rea

1. Use the data in the table to answer the following questions. Year Nominal Real GDP GDP ($ trillions) GDP ($ trillions) Deflator 2008 14.7 14.9                ----- 2009 14.4 --…

1. Use the demand curve graph found at the following link to answer the question

1.            Use the demand curve graph found at the following link to answer the questions that follow. Demand Curve %u2022                     How would point A be represented …

1. Use the diagram given below to answer the following questions (a) In the free

1. Use the diagram given below to answer the following questions (a) In the free trade situation, this country will import (b) Consumer surplus at Pw price is s (c) Producer surpl…

1. Use the following information and the following equation on houses in Kent, O

1. Use the following information and the following equation on houses in Kent, OH Price-pi(Square Feet) + 2 (Bedrooms) + 3 (Bathrooms) + Error Variable Price Square Feet Bedrooms …

1. Use the following information to answer the following table, representing an

1. Use the following information to answer the following table, representing an individual's quantity of consumption and total utility over a given period of time to answer the fo…

1. Use the following information to answer the next four questions. Each multipl

1. Use the following information to answer the next four questions. Each multiple choice question is worth 3 points. mm = money multiplier = .8 MB = monetary base = 3000 Money Dem…

1. Use the following production function and investment, depreciation, labor, an

1. Use the following production function and investment, depreciation, labor, and technology assumptions to solve for the Solow model steady state level of Capital (K*) and Output…

1. Use the graph to find the following. (answers will be approximations) a. The

1.     Use the graph to find the following. (answers will be approximations)                                                                                                       …

1. Use the information given on Table 1 to answer the following questions Table

1. Use the information given on Table 1 to answer the following questions Table 1: U.S. 2011-2012 Expenditures (S billions 20 2012 10,729 1,120 3,625 3,783 7,104 7,337 1,855 2,062…

1. Use the information in the following table to solve for the value of the stat

1. Use the information in the following table to solve for the value of the statistical discrepancy and organize/prepare the Balance of Payments Account (properly organized and fo…

1. Use the information in the following table to solve for the value of the stat

1. Use the information in the following table to solve for the value of the statistical discrepancy and organize/prepare the Balance of Payments Account (properly organized and fo…

1. Use the information in the following table, which summarizes the payoffs (i.e

1. Use the information in the following table, which summarizes the payoffs (i.e., profit) to two firms that must decide between an average Firm 2 Average Quality High Quality Fir…

1. Use the quantity equation to answer each of the following questions. [a] Assu

1.Use the quantity equation to answer each of the following questions. [a]   Assuming constant velocity, real GDP growth of 2 percent, and money supply expansion of 6 percent, wha…

1. Use the quantity theory of money equation for this problem. Suppose the money

1. Use the quantity theory of money equation for this problem. Suppose the money supply is $550 billion, nominal output is 9 trillion, and real output is 5 trillion. What is the v…

1. Use the table below to answer the next question for a perfectly competitive f

1. Use the table below to answer the next question for a perfectly competitive firm. Output Total Revenue Total Cost 0 $ 0 $ 50 1   40 74 2   80 94 3 120 117 4 160 142 5 200 172 T…

1. Use the total utility (TU) data for individual X to calculate the value (numb

1. Use the total utility (TU) data for individual X to calculate the value (number of utils of satisfaction) that X will get from her/his 7th hour of sleep and 8th hour of sleep. …

1. Using Weber\'s description of a bureaucracy, what are some of the challenges

1. Using Weber's description of a bureaucracy, what are some of the challenges or tensions between bureaucratic organizational structures within democratic systems of government? …

1. Using on the internet by using your source, by creating two tables that show

1. Using on the internet by using your source, by creating two tables that show tables that show the top ten most developed nations and bottom ten least developed countries. Pleas…

1. Using optimization theory in Chapter 3, please comment on the following quota

1. Using optimization theory in Chapter 3, please comment on the following quotation: “If Congress cuts out the NASA space station, we will have wasted all the resources that we h…

1. Using optimization theory, analyze the following quotations: a. The optimal n

1. Using optimization theory, analyze the following quotations: a. The optimal number of traffic deaths in the United States is zero. b. Anny pollution is too much pollution. c. W…

1. Using the aggregate demand and aggregate supply model, explain how the propos

1. Using the aggregate demand and aggregate supply model, explain how the proposed fiscal policy could impact aggregate demand and real GDP? How might the proposed fiscal policy i…

1. Using the data in the table, answer the questions that follow: a. In which go

1. Using the data in the table, answer the questions that follow: a. In which good does Canada have absolute advantage and in which good does Italy have absolute advantage? Explai…

1. Using the dataset below, which is collected for a study on the demand for ros

1. Using the dataset below, which is collected for a study on the demand for roses, please follow the steps and provide answers as indicated. Year = Year and Quarter Y    = Quanti…

1. Using the following table, answer the following questions. a. Complete the ta

1. Using the following table, answer the following questions. a. Complete the table, filling in the answers for marginal and average products. b. Over how many workers is the firm…

1. Using the general theory from the book, what are five specific variables that

1. Using the general theory from the book, what are five specific variables that determine the demand curve for a particular brand of prescription drug? Of those five, how many ca…

1. Using the graph shown, answer the following questions. a. What was the equili

1. Using the graph shown, answer the following questions. a. What was the equilibrium price in this market before the tax? b. What is the amount of the tax? c. How much of the tax…