Homework Answers
Qus no : 4
Answer:
c)GDP is unaffected because neither the rent nor the estimate of the value of housing service included in GDP
Qus No : 5
Answer:
C) Both (a) and (b) are correct
Qus No : 6
Answer:
a) Market Prices
b) Prices that government economicsts believes the reflect the true value of goods and services to the society
d) The assumption that prices of goods and services are unchanged from year to year
Qus No : 7
Correct answer:
b) An American management consultant works in Mexico during the summer of 2006 and earns the equivalent of $30,000 of that time.
Add Answer to:
M 4. Suppose an apartment complex converts to a condominium, so that the former renters are...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Exam Version B 27. The consumer price index was 225 in 2006 and 236 in 2017....
Exam Version B 27. The consumer price index was 225 in 2006 and 236 in 2017. The nominal interest rate during this period was 6.5 percent. What was the (approximate) real interest rate during this period? 24. When the prevailing wage in a labor market is held above the equilibrium wage, for whatever reason, A. it means the labor market will function more efficiently than it otherwise would. B. there will be a shortage of labor. C. the quantity of...
6) in the U.S., which is not a specific stated goal of Government policies?: a) price...
6) in the U.S., which is not a specific stated goal of Government policies?: a) price stability b) full employment c) growth d) social well-being (welfare, or "happiness") 7) The unemployment rate is defined as: a) civilian labor force/civilian non-institutional population b) unemployed/civilian labor force 0) discouraged workers/civilian labor force d) none of the above , 8) The term "final goods" refers to: a) raw materials b) goods whose value has been adjusted for changes in the price level c)...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely to save, that is, sell a financial asset. B. more likely to save, that is, sell a financial asset. C. less likely to save, that is, purchase a financial asset. D. more likely to save, that is, purchase a financial asset. I. In 2. If commercial banks hold all their assets in the form of required reserves: A. only they will be able to...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
1. When it comes to financial matters, the views of Aristotle can be stated as:...
1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back. 2. Since 2008, when the monetary base was about $800 billion,...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Exam Version B 27. The consumer price index was 225 in 2006 and 236 in 2017. The nominal interest rate during this period was 6.5 percent. What was the (approximate) real interest rate during this period? 24. When the prevailing wage in a labor market is held above the equilibrium wage, for whatever reason, A. it means the labor market will function more efficiently than it otherwise would. B. there will be a shortage of labor. C. the quantity of...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely to save, that is, sell a financial asset. B. more likely to save, that is, sell a financial asset. C. less likely to save, that is, purchase a financial asset. D. more likely to save, that is, purchase a financial asset. I. In 2. If commercial banks hold all their assets in the form of required reserves: A. only they will be able to...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...
Most questions answered within 3 hours.
-
The focal length of a makeup (concave) mirror is 0.48 m. What
magnification does this mirror...
asked 32 seconds ago -
TRUE/FALSE
Long-lived assets that are tangible in nature, used in the
operations of the business, and...
asked 1 minute ago -
A dragon biologist is setting up an experimental population of
1000 individuals. In dragons, pointy crests...
asked 12 minutes ago -
A uniform thin rod of length 0.851 m is hung from a horizontal
nail passing through...
asked 22 minutes ago -
A 747 has a cruising speed of 235 m/s at a height of 10,700
meters. The...
asked 30 minutes ago -
Part 3: Arrows
Write a python program that prompts the user for a number of
columns,...
asked 38 minutes ago -
Need help answering these questions!!
1. What economic concept do you find most interesting in
Macroeconomics?...
asked 42 minutes ago -
1. Nimbus, Inc. produces and sells brooms. This table shows the
relationship between the number of...
asked 45 minutes ago -
A gas occupies 200. mL in a piston. If the pressure of the
piston were decreased...
asked 1 hour ago -
A fossil is found to have a 14C level of 71.0% compared to
living organisms. How...
asked 1 hour ago -
Many communist or socialist countries have a department that
addresses public health as well as the...
asked 1 hour ago -
the following questions are either true or false answers
1. The Central Limit Theorem allows one...
asked 1 hour ago