Economics

1. What is the value of private consumption spending (include non-profit institu

1. What is the value of private consumption spending (include non-profit institutions serving households' final consumption expenditure) in millions of dollars? 2. What is the val…

1. What kind of firm is A ? 2. If the price is $150, firm A should produce Q =..

1. What kind of firm is A ? 2. If the price is $150, firm A should produce Q =.............. to maximize profits. 3. If firm A produces the output in question (2) they will earn p…

1. What lump sum of money must be deposited in a bank account at present time so

1. What lump sum of money must be deposited in a bank account at present time so that P700 per month can be withdrawn for seven years with the first withdrawal scheduled for 8 yea…

1. What market characteristics does Monopolistic Competition share with Perfect

1. What market characteristics does Monopolistic Competition share with Perfect Competition? What characteristics does Monopolistic Competition share with Monopoly? 2. Suppose tha…

1. What might be lost by doing partial equilibrium analysis instead of general e

1. What might be lost by doing partial equilibrium analysis instead of general equilibrium analysis? 2.What is the basic argument for the efficiency of free markets? 3. What are s…

1. What month (and year) is summarized? What was the unemployment rate for that

1.    What month (and year) is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month? 2.    What were the unemp…

1. What percentage of males did not attend at least one movie at a movie theatre

1. What percentage of males did not attend at least one movie at a movie theatre in the last year? 2. What percent of all respondents that did not go to at least one movie at a mo…

1. What reserve category would you give a well to be e of recovering the drilled

1. What reserve category would you give a well to be e of recovering the drilled that has a 10% to 90% chanc estimated reserves? a. Proved Producing b. Proved Plus Probable c. Pro…

1. What simple interest rate per year would be req uired to accumulate the same

1. What simple interest rate per year would be req uired to accumulate the same amount of money in 2 years as 10% per year compound interest? (10 points) (a) 10.5% (b) 11% (c) 20%…

1. What three interrelated forces threaten to slow the advancement of Moore’s La

1. What three interrelated forces threaten to slow the advancement of Moore’s Law? 2. Which commercial solutions, described in the section above, are currently being used to count…

1. What type of externality (positive or negative) is present in each of the fol

1. What type of externality (positive or negative) is present in each of the following examples? Is the marginal social benefit of the activity greater than or equal to the margin…

1. What type of externality (positive or negative)is described in each ofthe fol

1. What type of externality (positive or negative)is described in each ofthe following examples? Is the marginal social benefit of theactivity greater than or equal to the margina…

1. What type of monetary policy are we currently under? Based on the June statme

1. What type of monetary policy are we currently under? Based on the June statment, it says that In view of realized and expected labor market conditions and inflation, the Commit…

1. What was the average yearly increase in U.S. labor productivity growth betwee

1. What was the average yearly increase in U.S. labor productivity growth between the 1870s and the early years of the 21st century? a. ~1% b. ~2% c. ~5% d. ~10% 2. Economics grow…

1. What was the role of the stock market and speculation in the Great Depression

1. What was the role of the stock market and speculation in the Great Depression of 1929? 2. What was the role of technology in the expansion of the stock market in the 1920s? 3. …

1. What will be the competitive equilibrium wage rate and the level of employmen

1. What will be the competitive equilibrium wage rate and the level of employment? Equilibrium wage = $________ Equilibrium level of employment = ________ units of labor 2. What w…

1. What will happen in a market where a nonbinding price ceiling is removed? A.

1. What will happen in a market where a nonbinding price ceiling is removed? A. There will be downward pressure on the price in the legal market B. The products sold will improve …

1. What will happen to the equilibrium price and quantity in a market as a resul

1. What will happen to the equilibrium price and quantity in a market as a result of a tariff on imports? a. Equilibrium price and quantity should both go up. b. Equilibrium price…

1. What will likely to happen to exchange rates involved in the following cases?

1. What will likely to happen to exchange rates involved in the following cases? a) a fall in the Canadian interest rate relative to interest rates abroad (dollar). b) higher infl…

1. What would happen if the Fed targeted lower interest rates? Higher interest r

1. What would happen if the Fed targeted lower interest rates? Higher interest rates? 2. In this news analysis, you explored how an energy price shock affects aggregate supply. Th…

1. When California attempted to \" deregulate\" it\'s electricity market, a pric

1. When California attempted to " deregulate" it's electricity market, a price "cap" was placed on the retail price for electricity. Due to increse in demand in the late 1990's/ e…

1. When Lisa was 16 years old, she bought a pedigree dog on credit for $1,200. W

1. When Lisa was 16 years old, she bought a pedigree dog on credit for $1,200. While Lisa was a minor she made numerous payments on the contract price for the dog. The dog has now…

1. When OPEC reduces output to keep prices high, OPEC is acting as a: B. price t

1. When OPEC reduces output to keep prices high, OPEC is acting as a: B. price taker. C. producer in a contestable market. D. producer moving along a supply curve, cutting output …

1. When a bank makes a loan, which of the following occurs? (Check all that appl

1. When a bank makes a loan, which of the following occurs? (Check all that apply.) Note: In your answer, only consider the loan transaction itself. Don't think about other things…

1. When a commercial bank buys government (Treasury) bonds from the general publ

1. When a commercial bank buys government (Treasury) bonds from the general public, money is created. True or False 2. A banker must strike a balance in the pursuit of two conflic…

1. When a firm is in a monopolistic competition market, if the firm sells 25 goo

1. When a firm is in a monopolistic competition market, if the firm sells 25 goods at a product price of $10, what is the marginal revenue per unit of the good sold if it sells 5 …

1. When a firm is no longer able to reduce its long run average cost by expandin

1.  When a firm is no longer able to reduce its long run average cost by expanding, it has achieved its minimum efficient scale of production a.  True b.  False 2.  A monopoly is …

1. When a firm is no longer able to reduce its long run average cost by expandin

                                 1.  When a firm is no longer able to reduce its long run average cost by expanding, it has achieved its minimum efficient scale of production     …

1. When a firm responds to a rival\'s cheating by cheating and to a rival\'s coo

1. When a firm responds to a rival's cheating by cheating and to a rival's cooperation by cooperating, that firm is practicing a _____ strategy. Select one: a. tit-for-tat b. trig…

1. When a monopoly charges a higher price, fewer of its goods are sold. A) True

1. When a monopoly charges a higher price, fewer of its goods are sold. A) True B) False 2. A firm can price discriminate if it operates in a competitive market. A) True B) False …

1. When a public transit system (such as a subway or bus line) raises its fares,

1. When a public transit system (such as a subway or bus line) raises its fares, it may experience an increase in total revenue. This suggests that demand is: unstable. price-inel…

1. When advertising expenditure is increased, which of the aggregate and average

1. When advertising expenditure is increased, which of the aggregate and average (cost and revenue) curves shift their positions? Explain the direction of the shift. As an industr…

1. When buyers and sellers interact in free-market systems, A. they are interact

1. When buyers and sellers interact in free-market systems, A. they are interacting in a Negative Sum environment where the gains of the sellers come from exploiting the buyers. B…

1. When consumers do not have enough time or opportunity to avoid price increase

1. When consumers do not have enough time or opportunity to avoid price increases, governments can levy sales taxes that distort resource allocations among producers to a smaller …

1. When does the new fiscal year for the US government begin and end? 2. Based o

1.    When does the new fiscal year for the US government begin and end? 2.    Based on the stages listed in your text, what stage in the federal budgetary process should the US g…

1. When external costs result from the production of a good: a) Producers have a

1. When external costs result from the production of a good: a) Producers have an incentive to produce too little b) Both producers and consumers have an incentive to produce and …

1. When firms enter a perfectly competitive market: Select one: a. supply increa

1. When firms enter a perfectly competitive market: Select one: a. supply increases and price falls b. supply increases and price rises c. supply shifts to the left and price fall…

1. When in cell D1 the interest rate is change from 15% to 5% the future worth o

1. When in cell D1 the interest rate is change from 15% to 5% the future worth of this alternative is $64,647. a. True b. False 2. When in cell D1 the interest rate is change from…

1. When judging the anti competitive effects of a horizontal merger, the FTC and

1. When judging the anti competitive effects of a horizontal merger, the FTC and Justice Department are likely to look most closely at the: A) combined concentration ratio of the …

1. When labor is relatively expensive, as it is in Japan, A) alcohol and cigaret

1. When labor is relatively expensive, as it is in Japan, A) alcohol and cigarettes must be sold through vending machines B) businesses will substitute capital -- such as vending …

1. When marginal product equals zero a. total product decreases. b. total produc

1. When marginal product equals zero a. total product decreases. b. total product decreases. c. total product is maximized. d. total product equals zero. -------------------------…

1. When marginal utility is ______, total utility will be ________ as the consum

1. When marginal utility is ______, total utility will be ________ as the consumer increases his consumption.   A. increasing; increasing B. positive; increasing C. decreasing; de…

1. When more and more units of a variable factor are combined with constant amou

1. When more and more units of a variable factor are combined with constant amount<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> of fixed facto…

1. When operating, the loss minimization point is A. When at the minimum point o

1. When operating, the loss minimization point is A.     When at the minimum point on the average total cost curve. B. When at the minimum point on the average variable cost curve…

1. When president Roosevelt devalue the dollar against gold, this: A. was tantam

1. When president Roosevelt devalue the dollar against gold, this: A. was tantamount to a devaluation of the dollar against other currencies B. caused a decrease in money supply C…

1. When some important variables that enter into economic decision making are no

1. When some important variables that enter into economic decision making are not observable until after a decision has taken place, firms are said to operate in an environment of…

1. When some important variables that enter into economic decision making are no

1. When some important variables that enter into economic decision making are not observable until after a decision has taken place, firms are said to operate in an environment of…

1. When the Fed wants to raise the Federal funds rate, it: Select one: a. sells

1. When the Fed wants to raise the Federal funds rate, it: Select one: a. sells bonds to banks and the public. b. decreases the reserve ratio. c. decreases the discount rate. d. b…

1. When the U.S economy is temporarily producing above (past) its potential inco

1. When the U.S economy is temporarily producing above (past) its potential income/output level, which of the following is least likely to happen? a. inventories will decline b. p…

1. When the United States recovers from a recession, this tends to shift Germany

1. When the United States recovers from a recession, this tends to shift Germany's AD curve _________________, which _____________ Germany's price level. a. rightward; lowers b. r…