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Economics Questions
Economics Questions
You work for butcher shop in the Middleofnowhere Texas. Your boss wants to raise the price...
Use the following information to answer the questions below. Assume that the capital account is equal...
Suppose Hong Kildong, the King of Yuldo, imposes an additional payroll tax on the government employees....
9 A community is constructing more bike paths in the community. This will lead to: a.)...
1- Explain the effects of misaligned exchange rates and exchange rate changes on an economy as...
Now that you understand the ttheory of international trade if you were the King of your...
Cemex is a cement industry. With the help of satellites and software modeled on the 911...
The demand function for watches is: Q(p)=160-4p. Calculate the marginal revenue at output level (q) equal...
According to the Coase theorem, externalities a. must usually be internalized by taxation or subsidy. b....
If the price of a product is above equilibrium, what forces it down ? ( Provide...
You run a pension fund in Boston and are responsible for managing $100 million. You can...
Revenue at a major smartphone manufacturer was $1.5 billion for the nine months ending March 2,...
The federal government hires more economists to work at the CBO. This is an example of...
Please answer the following in regards to healthcare economics: Would you be willing to use teledermatology?...
A representative firm with long-run total cost given by TC = 2,000 + 20q + 5q2...
Standard economic theory assumes that people behave rationally. The winner’s curse implies that people behave irrationally...
A steel company sells some steel to a bicycle company for $100. The bicycle company uses...
Why do Multi-National Enterprises (MNEs) undertake foreign direct investment (FDI) instead of exporting to the nation?...
26)What pair of goods is likely to have the largest cross-price elasticity in absolute value? Multiple...
5. A credit card company charges its customers a 17.89% APR with continuous compounding. Calculate the...
a broadband service company borrowed $2 million for new equipment and repaid the loan in amounts...
Distinguish between the short-run and the long-run in a macroeconomic analysis. Why is the relationship between...
Suppose the initial construction cost for a baseball park is $900 mln. The useful economic life...
How uncertainty will affect decision making? How might decisions be different for a large corporation versus...
Determine if the following goods listed are a private good, a common good, a quasi-public good...
In the two-sector (manufacturing and agriculture) specific-factors model, an increase in the price of the manufactured...
What elements of risk are there in terms of sourcing and procuring goods from a Western...
Think of a business concept that would be appropriate for each of the following: 1) a...
as it pertains to national security, analyze the pros and cons of expanding government surveillance and...
If the wage elasticity of labor supply is negative, what can we say about the slope...
3. According to economic theory are “the best things in life free?” Explain your answer. 4....
Which of the following is correct regarding the role of government in the aggregate expenditure model?...
Monetary policy is ____________ efficient than fiscal policy because _____________. less; fiscal policy is conducted by...
Derive the income elasticity of demand using the demand functions for the case of CES, when...
Q. Based on the article and your experiences, debate the statement: ' Site localisation is essential...
Given the following (All variables are in present dollars): C = 120 + 0.6(Y-T) I =...
. Suppose you have the following hypothetical information about the occupational distribution of Country Y. Assume...
Which of the following is a good practice when finding stories to tell through visuals? 1....
16, Which of the following is not a type of labor law in the United States?...
[Speculative attack] Assume Thailand unilaterally defends an exchange rate of 1 dollar to 24 baht with...
1. An industry having a four-firm concentration ratio of 85 percent: a. is an oligopoly. b....
Discuss the changing communications landscape and the need for integrated marketing communication.
Find the Herfindahl Index and the Four-Firm Concentration Ratio for an industry with: Five firms—one with...
All Clean is the only company selling all-in-one washer–dryer machines. The price of a machine is...
The supply of foreign currency tends to be: Upward sloping Downward sloping Vertical Any of the...
How does the research work of Sachs and Warner relate to the Theory of Comparative Advantage?
Miss Muffet insists on consuming 2 units of whey per 1 unit of curds. The price...
Consider an incumbent that is a monopoly currently earning $1 million annually. Given the declining costs...
1. Potato growers have a mandatory demand expansion program where all growers pay a certain amount...
If the demand for a good is inelastic and the price of the good decreases, then...
Choose one element of the Tabernacle amd explain what it was, how it was used, and...
Question 3 If data is missing for completely random reasons (i.e., not related to X or...
Al quit his job as a manager at a Savings bank where he earned $90,000 a...
Can you think of an aid initiative that you have heard of (from anywhere in the...
Suppose that because of a rising price level, consumer starts carrying more of their wealth as...
Define the derived demand for freight (cargo) transport. List four factors that determine this demand and...
Suppose you loaned your grandmother $1000 today. You let her have the money for 1% interest...
1. Amy borrowed $20,000 from her parents to open a bagel shop. She pays her parents...
A cartel behaves like a. a monopolistic competitive firm b. a perfectly competitive firm c. a...
Which of the following concerning unemployment is not correct? a. Frictional unemployment is always present. b....
Suppose a country’s GDP equals $500 billion for a particular year. Economists in the country estimate...
The monopolist provider of food services at a university has the following demand curve and total...
Consider the following data to answer the following questions: Country GDP Population A $32,000 1,500 B...
Ceteris Paribus, an increase in the price of a complement will cause which of the following...
2. Consider a following time series process Yt = 1.5Yt−1 −0.5Yt−2 +εt a) Rewrite this process...
6. Define behavioral economics. What are three common mistakes that behavioral economics says consumers often make?...
Adam Smith’s invisible hand only leads to an efficient outcome when Buyers are fully informed about...
What if you were on a jury and had the choice of convicting someone based on...
The data suggest that in the European Union countries, the natural rate of unemployment has steadily...
1. The initial cost of constructing a permanent dam (i.e., a dam that is expected to...
The world price of a mattress is $422 and government imposes an ad valorem tariff of...
Your brother, who is prone to bearing substantial risk, suggests that you buy a security for...
Is privatization by itself enough to guarantee economic growth ? Why ? Explain using an axample.
According to neoclassical theory, changes in GDP, or the vertical AS curve, will be caused by...
A consumer only consumes two commodities, x1 and x2. If x2 is an inferior good, and...
Suppose OPEC sharply increased the price of oil, which triggered higher inflation rates in the US....
Purchases of stocks and bonds to you, the future economist, are not considered investments. Explain if...
Can a good be both a complement and a substitute at the same time? If so,...
What is surplus value? Use the concepts of absolute surplus value and relative surplus value to...
How can governments and families minimize economic inequality and are there costs and benefits to redistribution?
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