Economics question and answers for July 16, 2023
- Q Perfect competition is characterized by 1) widely recognized brands 2) the inability of any one firm to influence price 3 rivalry in advertising 4 fierce qaulity competition
- Q Perfect competition is characterized by 1) widely recognized brands 2) the inability of any one firm to influence price 3 rivalry in advertising 4 fierce qaulity competition
- Q Suppose there exist two imaginary countries, Yosemite and Sequoia. Their labor forces are each capable of supplying four million hours per week that can be used to produce shorts, almonds, or some combination...
- Q Eric P. Chlang, Ph.O. Florida Atlantic University 229 | 7:54cc.1x5. Improvements in technology that reduce production costs causethe?curve to shift to the?indicatinga(n)?in the amount?at each price point.?demand; right; increase; demanded...
- Q 3:15| 754 6. Assume a farmer's land is equally productive in growingcorn or potatoes and is currently producing both. If the price ofcorn increases but the price of potatoes does...
- Q Which statement illustrates the volume characteristic of bigdata? Google completes so many searches if produces a daily'vending' topic. Amazon uses Al and human moderaton to removehavaluent product review: Big data...
- Q Which principle within 3M's code of conduct refers to keepingcomplete business records? be respectful bo sccurate be profitablebe honest
- Q Cost efficiency refers to the Multiple Choice amount of outputassociated with an additional dollar spent on input. effectivenessof labor in reducing production corrs. MPP of labor divided by theproduct price.
- Q When the value of the British pound changes from $1.50 to $1.25, then the pound has ________ and the U.S. dollar has ________. Question content area bottom Part 1 A. depreciated; appreciated B....
- Q When the value of the British pound changes from $1.50 to $1.25, then the pound has ________ and the U.S. dollar has ________. Question content area bottom Part 1 A. depreciated; appreciated B....
- Q 50 pos Al Tuter 00 Indicate whether each scenario involves ashift in the supply curve or movement along the supply curve. a.Americans sell their gold and silver jewelry as a...
- Q Multiple Choice 1 point (n)?in oil prices and a(n)?in taxes will shift short-run aggregate increase; reductionincrease; increase reduction; increase reduction; reductionMultiple Choice 1 point
- Q Jen spends her afternoon at the beach, paying $1 to rent a beachumbrella and $11 for food and drinks rather than spending an equalamount of money to go to a...
- Q The implosion of the financial markets in 2008 was largely the result of: Question options: 1) illegal behavior 2) the Federal government intervention 3) government regulation 4) unethical activities in that they ultimately...
- Q Lilly is the price taking owner of an apple orchard the price of apples is high enough that lilly is earning positive economics profits. In the long run lilly should expect 1....
- Q Stormie Zanzibar owns a bakery in the fictitious country of Olombia. Each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread,...
- Q According to PPP, the real exchange rate between two countries will always equal ________. Question content area bottom Part 1 A. 0.0 B. 0.5 C. 1.0 D. 1.5
- Q In an agreement to exchange dollars for euros in three months at a price of $0.90 per euro, the price is the Question content area bottom Part 1 A. fixed exchange rate....
- Q Status incongruence conflicts are often created byblank. (10pts)personalitiesworkpatterns time goalsquotas
- Q Status incongruence conflicts are often created byblank. (10pts)personalitiesworkpatterns time goalsquotas
- Q What is Karl Marx's term for workers' growing awareness thatthey belong to the same exploited group?classconsciousnessproletarian acceptancebourgeoisieidentificationrevolutionary readiness Question 66 Which term refersto the network of a nation's clinics, hospitals,...
- Q 0.25 PointsGrading comment:When there are credit-market imperfections, an increase in government debt may be advantageous because it ____Choice 1 of 4: discourages credit-constrained consumers from borrowing too muchChoice 2 of 4: encourages more private...
- Q Multiple Choice 1 point New regulations on artificialintelligence (AI) are coming in the U.S. and in SRAS; decrease AD;increase AD; decrease SRAS; increase Multiple Choice 1 point
- Q How many regional districts are there in the Federal Reserve System? 50 4 8 12
- Q Multiple Choice 1 point Why is the SRAS curve positively slopedwhile the LRAS curve is complete Some input prices are sticky andslow to move in the short run but ar...
- Q a) The following are the quantity sold of bread over 5 years bya business and the corresponding index.\table[[Year,2017,2018,2019,2020,2021],[\table[[Quantity],[ofbread],[sold]],680,754,820,835,798],[INDEX,82,9,92,100,101,8,97,3]]Changing the base year to 2017, write down the new index series[2]
- Q Law of supply function in labor markets
- Q Law of supply function in labor markets
- Q It the average product of labor in Inereasing, which of the toltowing MUBT be Erue? 1) the marginal product of labor la falling2) the marginal product of labor la inereasing3) the marginal product...
- Q Multiple Choice 1 point Even after the economy transitioned awayfrom an active pandemic stage, covid was stil SRAS and apotential?in LRAS. decrease; increase decrease; decrease increase;increase increase; decrease Multiple Choice...
- Q When a higher price cannot bring about any increase in the quantity supplied the supply is perfectly elastic. Unit elastic
- Q A company's revenue and cost in dollars are given by R = 225x and C = 75x + 60,000 where x is the number of items. Question 5 options: a) The Profit...
- Q Which of the following statements is true? Poorer countriesgenerally have higher tariffs than richer countries. Richercountries generally have higher tariffs than poorer countries.There is no meaningful difference between the tariff...
- Q Multiple Choice 1 point A shift of the aggregate?curve to the?would cause inflat supply; right demand; right supply; leftdemand; left Multiple Choice 1 point
- Q In 2001, the U.S. dollar became the official currency in EISalvador. This policy has both benefits, in terms of advantagesgained, and costs, in terms of power given up, for the...
- Q Law of supply function in labor markets
- Q It is well established that human capital is more important than natural resources in wealth creation?
- Q Multiple Choice 1 point Even after the economy transitioned awayfrom an active pandemic stage SRAS and a potential?in LRAS. decrease; decrease increase; decrease increase;increase decrease; increase
- Q Which of the following policies is UNLIKELY to weaken acurrency? a cut in short-term interest rates quantitative easingdeficit financed tax cuts cuts in government spending
- Q Multiple Choice 1 point The situation when aggregate demandexpands so much that equilibrium output overextended demand-pullcost-push unnecessary Multiple Choice 1 point
- Q The physician explains to Sarah's mother that ringworm can betransferred between people through touch. "Trs common in schoolchildren, because they often come in close contact with each other,but anyone can...
- Q [Appendix material: calculus required] Suppose total ben efits and total costs are given by B(Y)=100Y−8Y2BY=100Y-8Y2 and C(Y)=10Y2CY=10Y2 . What level of Y will yield the maximum net benefits? Multiple Choice 75 ÷ 36...
- Q What makes the Dutch Winter Famine a suitable event for studyingthe impuct of health in children born to control confoundingnerieblin, which are variables that are an intrinsic purt of thesualy...
- Q The Big Box Company is a firm in a perfectly competitive industry. The average rate of return on capital in this industry is 1515%. Thus, if the Big Box Company earns a...
- Q CEO 1 = {Dwidends, reinvestment in company, hiring } CEO 2 ={Research and development, dividends, wages/benefits} If each CEOis equally likely to spend money on each of the three areas...
- Q What is the name for an intuitive decision based on a person'syears of experience with simlar sluations? Holistic hunch Logicalconclusion Rational anatysis
- Q CEO 1 = {Dividends, reinvestment in company, hiring} CEO 2 ={Research and development, dividends, wages/benefits} If each CEOis equally likely to spend money on each of the three areas intheir...
- Q 5. Opportunity cost and production possibilities Megan is atalented artist who sells hand-crafted goods online. Megancurrently crafts and sells both rings and pillows. She spends 8hours a day working on...
- Q Why is important national security in usa
- Q A diesel mechanic Bryce is required to furnish his own tools.He keeps them in a tool chest in his pickup.Truck Bryce is concerned that these tools might get stolen from his truck...
- Q A diesel mechanic Bryce is required to furnish his own tools.He keeps them in a tool chest in his pickup.Truck Bryce is concerned that these tools might get stolen from his truck...
- Q Sam is ain experienced firefighter who must act quickly anddecisively to do his job. He frequently relies on his?to make decisions when there is no time for rationat analysh.intuition andytics...
- Q A diesel mechanic Bryce is required to furnish his own tools.He keeps them in a tool chest in his pickup.Truck Bryce is concerned that these tools might get stolen from his truck...
- Q Tonya decided to purchase a piece of equipment from a domesticcompany instead of an overseas company despite the domesticcompany's higher cost and lower quality. Her decision was based onuncertainty that...
- Q When a country has a comparative advantage in the production ofa good, it means that it can produce this good at a loweropportunity cost than its trading partner. Then the...
- Q Suppose there exist two imaginary countries, Everglades andYosemite. Their labor forces are each capable of supplying fourmillion hours per week that can be used to produce pistachios,chinos, or some combination...
- Q Where does an earning gap continue to exist in the U.S.?
- Q Where does an earning gap continue to exist in the U.S.?
- Q Consider the following list: A. Leisure and psychic income (Thevalue of leisure time, weekends, holidays) B. Nonmarket activities(Stay-at-home parents or carpenters who work in their own homes) C.Noneconomic sources of...
- Q How can a firm increase invevation and sales growth whileevouraging employers lie share informason about how the improve theproducts or procenses being used? pay higher than average wagesstrive for more...
- Q The graph to the right is a partially completed representation of a long-run firm competitive equilibrium. 1.) Using the line drawing tool and the 3-point curved line drawing tool, draw and properly label...
- Q economists argue that A. some decisions have opportunity costs, while others don't
- Q Several European countries suffered from financial crises at thesame time as the United States. Select the country that matcheseach particular crisis. a.ln2013,?suffered from an unemployment rate of25%and huge amounts of...
- Q Enterprise Rental Car Co. usually charges higher prices for SUVs with one-day return than for subcompacts with one-day return. However, with gasoline prices above $4 per gallon, one day rental prices for SUVs...
- Q Which of the following is NOT correct? Multiple Choice Thenominal GDP measures the production of goods and services valued atcurrent prices. Real GDP measures the production of goods andservices valued...
- Q GDP can be viewed from the following approaches: A. Incomeapproach: The income approach looks at GDP in terms of the incomederived, or created, from producing goods and services. B.Expenditures approach:...
- Q The income approach to GDP is such that GDP = Wages InterestRents Profits Statistical Adjustment (WIRPS). True or False
- Q MRL and DL are for low-demand games. MRH and DH are forhigh-demand games. Based on the graph above, what is the totalrevenue if variable ticket pricing is used? \$14,000,000\$22,000,000 \$25,000,000...
- Q Question 5 1 pts Which of the following is a normativestatement? Select one option and write the alphabet of of yourcheice. A) The taxes paid by the poor should be...
- Q the unemployment rate measures the percentage of people in the civilian labor force who are without jobs and actively seeking for employment
- Q Question content area Part 1 Suppose a perfecttly competitive firm receives $45 for every unit they sell. They currently have an average total cost equal to $50, and the marginal costs associated with...
- Q Question content area Part 1 Suppose a perfecttly competitive firm receives $45 for every unit they sell. They currently have an average total cost equal to $50, and the marginal costs associated with...
- Q MRL and DL are for low-demand games. MRH and DH are forhigh-demand games. Based on the graph above, what is the totalrevenue for both games (high and low demand games)...
- Q Federico gets a 1% raise this year, but prices have also risen by 1%. Federico feels richer due to his raise and treats himself to a fancy, expensive dinner. What is Federico...
- Q If inflation is a general rise in the price level, why have consumer electronics prices fell over time?
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