Economics Homework Answers & Questions

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  • Answered ECO 561 Final Exam
    1) Suppose that in the clothing market, production costs have fallen, but the equilibrium price and quantity purchased have both increased. Based on this information you can conclude that A. the supply of clothing has grown faster than the demand for clothing B. demand for clothing has grown faste...
  • Answered ECO MCQ TEST 2 2015 (All Corre...
    1. Which of the following forms of payment is not an incentive plan? A. Commission plans for salesman B. Flat salary for a plant manager C. Bounses for managers that increase as profits increase D. None of the above 2. When relationship-specific exchange occurs in complex contractural environ...
  • Answered ECO365 Final Exam 2015 (All Co...
    Question 1. The law of diminishing marginal productivity implies that the marginal product of a variable input: Is constant Never declines Eventually declines Always declines 2. Suppose foreign shrimp prices drop by 32 percent and importers gain a 90 percent market share. From this information...
  • Answered ECON 201 FINAL EXAM MCQs
    Question TRUE / FALSE 1. A side benefit of international trade is that it links national interests and increases the opportunity costs of war. True False 2. When C + Ig = GDP in a private closed economy, S = Ig and there are no unplanned changes in inventories. True False 3. The risk-free...
  • Answered ECON 306 Exam / ECON 306 Exam
    Question 1. Which of the following constitutes an implicit cost to the Johnston Manufacturing Company? a. Payments of wages to its office workers. b. Rent paid for the use of equipment owned by the Schultz Machinery Company. c. Use of savings to pay operating expenses instead of generating inter...
  • Answered ECON 312 Final Exam-Summer
    1. (TCO 1) Opportunity cost is best defined as (Points : 4) marginal cost minus marginal benefit. the time spent on an economic activity. the value of the best forgone alternative. the money cost of an economic decision. 2. (TCO1) Which is not a factor of production? (Points : 4) Money Land...
  • Answered ECON Final Exam / ECON Final E...
    Question 1 Historical evidence for the U.S. economy indicates that Answer recessions have occurred roughly once every six years since the 1960s. the unemployment rate usually decreases during a recession and increases shortly after the recession ends. real GDP usually remains roughly constant d...
  • Waiting for answer Can you answer these for me?
    Can you answer these for me? Please show how you arrived at your answers for full credit. I need to have it returned to me in a file so I can upload it into my drop box. The (CFO11e_macro_ch10_1click-2.ppt) is the power point.
  • Waiting for answer Assume that you are considerin...
    Assume that you are considering a 7-night vacation to Fort Walton Beach, Florida, in March. You estimate the total cost of the trip to Fort Walton Beach at $1,250, including discounted airfare. However, a resort at Myrtle Beach, South Carolina, is offering 3 free nights with a 7-night stay. The adve...
  • Answered What significant events were o...
    What significant events were occurring in England and North America at the time that The Wealth Of Nations was written ?
  • Answered Read the article in Unit 3 ent...
    Read the article in Unit 3 entitled "Nudging the Needle". Using your tools of macroeconomic analysis, determine what would happen if more companies followed Microsoft's lead and offered dividends. Based on what you know about the nature of the macroeconomy, do you believe that more dividend income...
  • Answered SEAPORT ECOL-C100 MIDTERM QUIZ...
    1. Organisms that feed only on plants are called Detritivores Omnivores Carnivores Herbivores Decomposers 2. Which of the following is NOT an example of an indicator species? trout in water with a specifric temperature requirement birds that need a large forested area butterflies that...
  • Answered ECO 372 WEEK 5 / ECO 372 WEEK...
    1.News Story: Workers at a car-manufacturing plant in Flint, Michigan are laid off because the economy is weak and GM cars aren t selling well. GM isn t sure when the plant will reopen. What type of unemployment describes the workers situation? Frictional unemployment Structural unemployment Ful...
  • Answered OPS 571/ OPS 571 Final Exam (...
    1. A major competitive dimension that forms a company s strategic operational competitive position in their strategic planning is which of the following? Cost or price Focus Straddling Automation 2. In setting up a kanban control system you need to determine the number of kanban card sets neede...
  • Answered OPS 671 Week 6 Quiz (Perfect A...
    1. Which of the following are examples of Goldratt s Rules of Production Scheduling? An hour saved at a bottleneck is a mirage No bottlenecks govern throughput Utilization and activation are the same Balance flow, not capacity 2. According to the theory of constraints which of the following can...
  • Answered OPS 571 Week 5 Quiz (100% Answ...
    1. Which is the international standard for quality management for automotive industry suppliers of production parts, materials, and services? AS 9000 TL 9000 QS 9000 AI 9000 2. ISO 9000 is primarily concerned with what type of quality management standards? Suppliers to the automotive or teleco...
  • Answered OPS 571 Week 4 Quiz (All are c...
    1. A work breakdown structure is a hierarchy of tasks, subtasks, and work packages a Cost and Performance tracking schedule a structure that is incompatible with the Critical Path Method a simple list of the activities making up a project 2. The vertical axis on a Gantt chart is usually which o...
  • Answered OPS 571 Week 3 Quiz / OPS 571...
    1. When considering outsourcing, what should firms tend to avert? Allowing outsourcing to develop into a substitute for innovation Losing control of noncore activities Giving the outsourcing partner opportunities to become a strong competitor Allowing employees transferred to the outsourcing par...
  • Answered OPS 571 Week 2 Quiz / OPS 571...
    1. In the pull system, which of the following is the partner that begins the process of pulling? Vendors Quality control personnel Customers Executive management 2. Which of the following operations consulting tools are used in the cost impact and payoff analysis stage in the operations consult...
  • Answered OPS 571 Week 1 Quiz (Perfect A...
    1. Poka-yoke is a Japanese term for a procedure that blocks an inevitable mistake from becoming what? An unidentifiable waste A service defect A new process design flaw A reason for overproduction 2. For which key organizational functions are tasks and responsibilities identified for all the st...
  • Answered Assessment Final Paper - Trade...
    Pick a country or industry that the U.S. trades with or does not trade with and why, that is what is the benefit of trading or not trading, including trade embargoes, tariffs, etc. Paper is to be 2 - 3 full pages in the body and APA formatted. There must be at least two citations/references plus...
  • Answered ECO 372 Article Review - Lambr...
    Discuss this week s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
  • Answered UMUC ECON201 HOMEWORK 7 (NEW 2...
    Question Question 1 From an economic perspective, returns on foreign investment are included in the overall measure of trade because financial investments: a) can also be thought of as payments made by the government. b) are a form of trade that takes place in the financial capital marke...
  • Answered UMUC ECON201 HOMEWORK 6 (2015)
    Question Chapter 17 Random Question 1 A ________________________________ is calculated as a flat percentage of income earned, regardless of level of income. a) proportional tax b) progressive tax c) regressive tax d) estate and gift tax Question 2 When increasing oil prices cause aggregate...
  • Answered UMUC ECON201 HOMEWORK 5 (2015)
    Question Your quiz has been submitted successfully. Chapter 13 Random Question 1 1 / 1 point Which of the following represents a Keynesian point of view of macroeconomics? a) aggregate supply is the primary determinate of economic output b) creating increases in aggregate demand to reduce unem...
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