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To get you started on evaluating growth, you may need to understand the difference between real and nominal GDP. So, would anyone like to explain
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A project under consideration has a net present value of $5,000 for a required investment of $30,000. There are no other investment options at this...
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Suppose a reduction in trade costs raises Canadian imports of cars from the U. as well as exports of agricultural goods to the U.
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For a monopolistically competitive firm in long-run equilibrium, the demand curve must intersect the average total cost curve at the ATC curve...
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May have more than one choice: Consider the multiple regression model with two regressors X 1 and X 2 , where both variables are determinants of the...
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Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior.
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Falling interest rates can A.raise the cost of borrowing for firms and decrease investment.lower the cost of buying new homes and fewer new homes...
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Compared to workers in most of the world, U. workers have: Select one: an unlimited supply of physical capital. roughly the same amount of physical...
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65. Refer to Figure 2-1. Which arrow represents the flow of goods and services?
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government purchases. the purchase of 100 shares of ATamp;T by a retired business executive C. construction of a suburban housing project D. the...
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The economys available technology prevents it from producing at a more desirable point. The economy lacks the resources to produce at a more...
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ANS: B PTS: 1 DIF: 2 REF: 2-1 TOP: Circular-flow diagram MSC: Interpretive 59. Which two groups of decisionmakers are included in the simple
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The economy produces only two goods or two types of goods. C PTS: 1 DIF: 2 REF: 2-1 TOP: Efficiency MSC: Definitional 90.
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If this economy moved from point C to point E, a. it still would not be producing efficiently. 30 barrels and 6 bathtubs b. 25 barrels and 12...
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How would I calculate the Net Domestic Income (in intro to macroeconomics)?
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Peggy has $24 per week in her entertainment budget. She splits her time between going to the movies and yoga classes. Each movie costs $8 while each...
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Consider a market with a demand given by Q d =60060 P and the market supply is Q s = 40 P . A tax of $3 per unit is imposed. Which of the following
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Question 5: Real Exchange Rates [12 Points] (a) What is the difference between the real exchange rate and the nominal exchange rate?
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COMPLEX J. Barkley Rosser, Jr.
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Dev/n) .
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Tariffs: a tax on imports or exports, quotas: a quantity restriction on imports or exports, export subsidies: a payment to producers that export, or...
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Some examples would be solar and wind power. Practice Problems 1. Consider the market for oil. Suppose the cost of extracting oil from the ground...
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If the average price of new homes rose by 15% last year, and, as a result, home builders increased the supply of new homes by 10%, the price
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Which factor would increase elasticity the most?
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Objective: Gross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does not perfectly measure well-being of a nation and its citizens' welfare. PROMPT: Disc
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A perfectly competitive firm operates in the short-run with labor as its only variable factor. Its production function is:
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Consider the Solow growth model as was done in class with constant population growth rate, ngt;0 . Using a diagram, show how to determine the steady...
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Consider the Solow growth model as was done in class with constant population growth rate, ?
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You work for Segway, in the sales division of the One S1 (which is basically a motorized unicycle without the seat).
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Many studies on rats and mice have established that charred meat grilled over hot coals causes cancer.
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Suppose you run an 0L5 regression of wage on education. The following table contains information on the actual wage. the tted wage, and the residual
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Members of the Westboro Baptist Church claim that the First Amendment protects them from IIED lawsuits since they are expressing a political opinion...
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the United States since World War II? What polices were enacted to affect these? Seriously whats the point of asking if you won't answer the question?...
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At the end of World War II, many people believed that the United States would return to the depression conditions that had existed before the war.
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What are the similarity and differences between the ideas of Keynes and the policies based on his ideas and the ideas and policies of the supply side...
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The first problem addresses the difference between the simple fiscal multiplier and what we have termed the "total multiplier.
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Answer the correct option. To the economist, total cost includes: explicit and implicit costs, including a normal profit. neither implicit nor...
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Discuss the major barriers to entry into an industry. Explain how each barrier can foster either monopoly or oligopoly.
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Two competing firms are each planning to introduce a new product. Each will decide whether to produce Product A, Product B or Product C. They will...
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Baubles and Beads Manufacturing produces 100 pendants per day. The total fixed cost for the plant is $3,000 and the total variable cost is $12,000...
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z = 2xlnx, then a. 2/x c. 2lnx d.
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Suppose z = xy. x and y have to satisfy a constraint 2x+y=4. use lagrange multiplier method to get maximum value of z. Which of the following is not...
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-3 iin. using ii graph. why a meme in the government budget decit {due to ll reduction in sun rnnient spending and nurture lmrrmringl could
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Name a reason why retail Money Market Mutual Funds are not included in M1 but demand deposits and other checkable deposits are. What specific role of...
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Explain, using a graph, why a decrease in the government budget deficit (due to a reduction in government spending and therefore borrowing) could...
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Suppose that because of a rising price level, consumers start carrying more of their wealth as cash, in order to carry out transactions, and thus are...
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Hello! A university spent$1.8million to install solar panels atop a parking garage.
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Consider a utility function: Utility=10(income). Your income is $121, but there is an illness going around the area that costs $96 to cure. There is...
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Scenario D: Now the Chair is not pleased with your work, and calls again. Assuming that the money multiplier is now stable (i.
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Suppose two countries, H and F, are in international general equilibrium at some price ratio P*=Px/Py. They produce two goods, X and Y, using two...
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