Economics question and answers for July 16, 2023
- Q Based on class material, during a recession, what happens to the prices of Arabica and Robusta beans? price of Robusta increases; price of Arabica increases not enough information price of Robusta decreases; price...
- Q Adverse selection can harm a physician’s financial stability under managed care by concentrating high-cost, high-need patients in certain practices without adequate reimbursement Question 7 options: TrueFalse
- Q Which of the following factors affect the own-price elasticity of a good? Expenditure share Available substitutes Time Price of an input Frequency of purchases
- Q Can pH be less than zero? Select an answer and submit. Forkeyboard navigation, use the up/down arrow keys to select ananswer. a Yes b No
- Q The EpiPen is a device that contains and delivers the lifesaving drug epinephrine to treat anaphylactic shock. It is currently priced at $700 and demand is perfectly inelastic. If the manufacturers of EpiPens...
- Q The EpiPen is a device that contains and delivers the lifesaving drug epinephrine to treat anaphylactic shock. It is currently priced at $700 and demand is perfectly inelastic. If the manufacturers of EpiPens...
- Q A set of shared attitudes, values, and beliefs held by a group that determines how the group perceives, thinks about, and a environments.a. Artifactsb. AssumptionsOc. BeliefsO d. CultureO e. Values
- Q Which term refors to pricing a product a few cents below thenext dollar amount? markup odd-even pricing cost-plus pricing
- Q with help of a flow diagram, explain the steps involved in GIS process.
- Q The primary decision that determines the boundary of the firm is whether to
- Q The primary decision that determines the boundary of the firm is whether to
- Q the cost of producing a unit of a product is the ratio between the wage rate and productivity of the worker Production costs can be low
- Q Jewely stores price bracelets based on the cost of the gold orsilver used to make them. What is the term for this pricingapproach? price bunding going-rate pricing enptive pricing
- Q Question 6 1 pts The major utility of the comparative method isthat it ensures?In studies of adaptation in groups of species. large enoughsample slive Independence of data points that data...
- Q What is one way a company can avoid price increase backlash,according to the article? by reducing the quality of the company'sproducts by separating the company's social actions from pricing bylimiting...
- Q When is it unsafe to administer a shock from an AED? a. When theperson is lying in the snow b. When the person is gregnant c. Whensomeone is touching the...
- Q ep Angus works as a dairy farmer and loves his work. However,because the dairy business has not been doing well lately, Angus isconsidering changing careers. He could work as a...
- Q Business Ethics - Ethical Climate The social economy partnershipphilosophy emphasizes Acooperation and assistance B profitmaximization C competition Drestricting resources and support
- Q 3 of 15 Concepts completed Multiple Choice Question Consumersurplus is the difference between the: maximum price consumers arewilling and able to pay for a good or a service and the...
- Q A fair coin is flipped twice and the following payoffs areassigned to each of the four possible outcomes: H-H: win 24: H-T:win 9; T-H: lose 7; T-T: lose 16. What...
- Q AlumAir makes an agreement with its competitors to set the priceof one-way direct domestic flights at$500. What is this an example of? price fixing bait-and-switchpricing predatory pricing
- Q Ralph was considering hiring George to work in his grocery storeas a shelf stocker. To ensure that George is a citizen or permittedto work in the United States, Ralph should...
- Q You are required to use the Lockdown Browser to take thisexam?To download the browser?see the instructions at Make sure toremove your cell phone or any electronk device from the desk?It...
- Q The primary focus of the study of economics is making the most efficient use of scarce resources equalizing the distribution of consumer income, wealth, lowering the production of goods and services
- Q What does price elasticity refer to? the way consumers react toprice changes how often a consumer buys expensive items the maximumprice a consumer will pay
- Q Which product is price elastic? a dozen eggs a tube oftoothpaste a washing machine
- Q Why was Martha Stewart charged with insider trading with herImclone shares?
- Q Critically examine the use of shadow prices in planning as enunciated by rof. H.B. Chenery.**Introduction:**
- Q Which one of the following statements about Medicare is true? A)Medicare is designed to provide significant coverage for long-termcare. B) Medicare is the largest single budget item for moststates. C)...
- Q A country wanting to lower the value of their currency, can use indirect intervention and lower real interest rates to achieve their goal
- Q A country wanting to lower the value of their currency, can use indirect intervention and lower real interest rates to achieve their goal
- Q The discount rate is the rate of interest at which federal reserve banks lend to commercial banks, federal reserve banks lent a large corporation, savings and loan associations lend
- Q A person will purchase a good or service as long as the person'swillingness to ply is greater than the: qualing of the good. costof production of the good. price of...
- Q Figure: Supply and Demand 4 In this market for apartments, arent-controlled price of$800will cause a short-run: shortage of 6,000 apartments. shortageof 8,000 apartments. shortage of 3,000 apartments. surplus of14,000 apartments.
- Q Members of the house of representatives typically adhere to which model of representation
- Q Sunk cost is the same as: a. Fixed cost b. stocks and bonds. c. Marginal cost d. the money we make
- Q Sunk cost is the same as: a. Fixed cost b. stocks and bonds. c. Marginal cost d. the money we make
- Q Which of the following best explains why money has a different value over time? Group of answer choices Interest rates and inflation have no impact on the time value of money Inflation...
- Q Answer all questions
- Q if the United States decides to outsource the production of sofas and they layoff 80% of the workers in the furniture industry, what type of unemployment is this?
- Q How do you distinguish sea lions from the seals? What kinds ofbehaviors do you observe?
- Q what can we conclude if we expect the interest rates in the US and the UK will be 7% and 3% respectively?
- Q what can we conclude if we expect the interest rates in the US and the UK will be 7% and 3% respectively?
- Q what can we conclude if we expect the interest rates in the US and the UK will be 7% and 3% respectively?
- Q The US economy is an example of a ___________ economy: a. Traditional b. Command c. Mixed d. Pure market
- Q Magnolia inc. acquires a machine in a business combination. Themachine was originally purchased from an outside vendor andcustomized for use in its operations. However, the customication ofthe machine was not...
- Q The "deductible provision" in automobile collusion insurancepremiums enables car owners to protect against against?losses.?losses w small; major risk?: safe major; small
- Q Which barrier to competition and building sustainability is the following: It would be a large undertaking for a capability?a. IT project barrierOb. IT assets and capabilities barrierOc. Complementary resources barrierOd. Preemptive barrierOe. Technology barrier
- Q Given what has happened with consumer credit in the past few years, answer the following questions. How has the tightening of consumer credit impacted individual spending and the U.S. economy? Does this strategy...
- Q For each of the following, identify the explanatory and theresponse variablet. The effects of increasing temperatures on themating patherms of salamanders The effects of "vole yes" signs oncommunity support for...
- Q Which of the following lowers the potential depreciation and therefore the monthly lease payments on a leased car? Question 3 options: Money factor Property depreciation cost Initial residual value Purchase option Capital cost...
- Q Sunk cost is the same as: a. Fixed cost b. stocks and bonds. c. Marginal cost d. the money we make
- Q Question 2 (Essay Worth 1 points) (03.05-03.08,05.02,06.04HC) A country has a natural rate of unemployment of 4 percent, anactual rate of unemployment of 8 percent, and an inflation rate of4...
- Q The reason why the value of money increases with time is because of the interest rate.
- Q 3. Gains from trade Suppose there exist two imaginary countries,Yosemite and Sequoia. Their labor forces are each capable ofsupplying four million hours per week that can be used to producechinos,...
- Q Analyze the competitive nature of the dynamic global retail industry over the last two decades.
- Q When insurance companies charge different rates to people solelybecause they belong to groups with significantly different averagerisk,tengaging in?discrimination.
- Q Which of the following subjects is most likely to be discussedin the summury of significant accourting pollies? Multiple OhoiceDepreciation methods uned. Bribey commined by a sales penson inanotwer cosumy?An imporant...
- Q You’re looking to buy a late-model used car and will need financing and a good deal on the price. Which of the following would be the best place to shop? Question 6...
- Q Question 7 You have determined that the highest and best use ofcertain production machines is using them together, which aremodified/configured to work in one production line. Consider thatyou will use...
- Q Economics: Microeconomics - Spending and Saving In the circularflow, we would expect leakages to injections. A equal B be lessthan C be greater than D be less or greater than
- Q A successful candidate for US President needs to win __________ votes out of ______ to win the electoral college.
- Q Because of administrative expenses, adverse selection, and moralhazard, insurance premiums will always?the expected value o losses. equal exc?ed
- Q Which of the following are the main factors contributing to theincrease in the proportion of older people in a society? Increasedimmigration; Decline in fertility rate Decreased life expectancy;Increase in fertility...
- Q Pooling arrangements are attractive because they make itpossible for individuals to?the risks they would otherwise negate reduce eliminatewasBecause insurance companies collect more in premiums frompolicyholders than they pay out as...
- Q An individual's reservation price for insurance against a lossis the?she would pay for the protection. (Enter your a: word.)
- Q A speaker uses another person's information as their own. Thisis considered: paraphrasing. plagiarizing. fair use.copywriting.
- Q Suppose that there is another consumer (let’s call her C ). You don’t know anything about her utility function or her income. All you know is that she consumes both goods. What...
- Q If all other sellers of trail mix in the market have the same marginal and average costs as Ralph, he should expect Question Blank 1 of 4 competitors in the future, which...
- Q PriceD1D2S1S2$12591914$108121712$811151510$61318138$41621116$2182494 Suppose that D1 and S1 are the prevailing demand and supply curves for a product. If the demand schedule changes from D1 to D 2, then Group of answer choices equilibrium price...
- Q Suppose that there is another consumer (let’s call her C ). You don’t know anything about her utility function or her income. All you know is that she consumes both goods. What...
- Q Suppose that there is another consumer (let’s call her C ). You don’t know anything about her utility function or her income. All you know is that she consumes both goods. What...
- Q "Suppose that there is another consumer (let’s call her C ). You don’t know anything about her utility function or her income. All you know is that she consumes both goods. What...
- Q How can governments ethically manage these political risks to support both national and global economic goals?
- Q If the government wanted to implement a minimum wage, which of the following potential minimum wage would be binding and affect the market? Group of answer choices $6 $4 $7 $5
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