id stringlengths 3 7 | question stringlengths 25 2.12k | answer stringlengths 1 1.02k | answer_type stringclasses 11
values | category stringclasses 1
value | difficulty stringclasses 3
values |
|---|---|---|---|---|---|
409293 | If the price elasticity of demand is -1.25, does the price effect dominate the quantity effect? | No, the quantity effect dominates the price effect. | Boolean | Economics | Senior High School |
313266 | Maximum Feasible Hourly Production Rates for Either Food or Cloth Using All Available Resources
Food
Cloth
U.S.
4
3
Mexico
12
6
Using the data in the above table and assuming constant opportunity costs, it is correct to state that :
A) the United ... | D | Multiple Choice | Economics | Senior High School |
1687866 | You have the choice of going on vacation to Florida for one week, staying at work for the week, or spending the week doing fix-up projects around your house. If you decide to go to Florida, the opportunity cost of the trip is:
a) Working because you would be giving up dollars,
b) Working and doing fix-up projects,
c... | d | Multiple Choice | Economics | Senior High School |
1666942 | Which of the following is not a feature of perfect competition?
a. Large number of sellers and buyers
b. No one is large enough to influence the market price
c. Homogeneous products
d. A horizontal demand curve | D | Multiple Choice | Economics | University |
18630 | Now that TCS shares are ex-bonus, and the share value has halved, is it a good buy for a long-term investment? | Yes | Boolean | Economics | Senior High School |
550152 | Mia is a psychiatrist working in a psychiatry clinic in Hong Kong. Recently she got promoted with salary raised to $60,000 per month. She lives in an apartment with monthly rent of $15,000. Meanwhile, she is invited to participate in a research project with a group of world-famous psychiatrists. The research will be pu... | $180,000 | Integer | Economics | Senior High School |
878859 | Is inflation going to rise in the U.S. in the near term, and if so, why? | No | Boolean | Economics | Senior High School |
672796 | What does Puerto Rico have a comparative advantage in? | Puerto Rico's comparative advantage lies in the production of electronic goods, apparel, pharmaceuticals and medical equipment, chemicals, rum, and beverage concentrates. | List | Economics | Senior High School |
1860763 | In economics, what is the one thing or activity that does not have an opportunity cost? | Nothing | String | Economics | University |
1988732 | Which of the following will not lead to an increase in the demand for labor for a firm producing automobiles?
a. a decrease in labor productivity
b. a decrease in the price of automobiles
c. a decrease in the price of robots that are used to solder parts of the car together
d. an increase in the demand for automobi... | c | Multiple Choice | Economics | University |
1733177 | Through the process of exit, monopolistically competitive firms remaining in the market:
(a) are no longer earning zero economic profits.
(b) have positive earnings.
(c) will each have ongoing negative earnings.
(d) are no longer earning losses. | b | Multiple Choice | Economics | University |
1936612 | Self Employed individuals and well as employed individuals (ie. employees) age requited to make Estimated Tax.
a. True.
b. False. | a | Multiple Choice | Economics | Senior High School |
163742 | The elasticity of the market demand curve is always _____.
A. less
B. Cannot be determined
C. equal
D. higher | B | Multiple Choice | Economics | University |
1956005 | Restrictions on medical workers _____ the supply compared with a market without such restrictions. Adding the restrictions will _____ the equilibrium wage and will _____ the equilibrium quantity.
A. increase; decrease; increase
B. decrease; increase; decrease
C. decrease; increase; increase
D. decrease; decrease; d... | B | Multiple Choice | Economics | Senior High School |
766774 | Your reference price will become more accurate and reflect real prices whena.) you have consulted your friends, family and colleagues.b.) you have found a similar item online.c.) you are not emotionally involved in making the purchase.d.) you have experience related to the product. | d | Multiple Choice | Economics | Senior High School |
1160339 | ____ is the subjective measure of the physical and mental satisfaction that is anticipated from consumption | Utility | String | Economics | University |
381745 | Assume world oil supply is 68 million barrels per day at a price of $48 per barrel. Suppose that if the price per barrel of oil increases to $55 per day, then 84 million barrels of oil will be supplied. Using the midpoint formula, what is the price elasticity of supply for oil? | 1.55 | Float | Economics | Senior High School |
773399 | Suppose the marginal propensity to consume is {eq}0.8
{/eq} and the government cuts taxes by {eq}\$40
{/eq} billion. Real GDP will _____ by _____.
a. increase; {eq}\$200
{/eq} billion.
b. decrease; {eq}\$200
{/eq} billion.
c. decrease; {eq}\$160
{/eq} billion.
d. increase; {eq}\$160
{/eq} billion. | d | Multiple Choice | Economics | University |
474583 | If the sum of the financial account and current account is less than zero, there will be _____.
a. A reduction in international reserves under a flexible exchange rate regime.
b. A reduction in international reserves under a fixed exchange rate regime.
c. An increase in international reserves under a fixed exchange ... | b | Multiple Choice | Economics | University |
1390079 | The demand function of an item for sale is given by P = 2450 - 5Q - 0.6Q^2 where P is the price of the item in dollars and Q is the quantity of items demanded. Calculate the marginal revenue when giving your answer in dollars correct to the nearest cent (i.e. to two decimal places). Do NOT put a dollar sign in your ans... | 2438.20 | Float | Economics | University |
1275833 | True or false? An increased supply of money means an increase in the price level. | True | Boolean | Economics | Senior High School |
11065 | In Canada, the average worker can produce 10 computers or six cars a year. In the United States, the average worker can produce 12 computers or 10 cars a year. Thus: a.Canada has a comparative advantage in producing both goods. b.Canada has a comparative advantage in the production of computers. c.the United States has... | d | Multiple Choice | Economics | Senior High School |
2108676 | Suppose that the Kansas City Federal Reserve Bank currently has :
$71,650,000,000 in Federal Reserve notes outstanding,
$12,075,000,000 in loans to commercial banks,
$49,050,000,000 in reserves of commercial banks,
$27,075,000,000 in Treasury deposits, and
$75,700,000,000 in Treasury bonds.
Use the information above ... | Assets:
Loans: 12,075
Treasury Bonds: 75,700
All other assets: 69,250
Total: 157,025
Liabilities and Net Worth:
Commercial Bank Reserves: 49,050
Treasury Deposits: 27,075
Federal Reserve Notes: 71,650
All other liabilities and net worth: 9,250
Total: 157,025 | List | Economics | University |
1937217 | Increased government budget deficits cause crowding out if:
a. a recession causes businesses to lower prices or shut downb. private investment spending for capital goods is decreasedc. spending on projects funded by the deficit increases the household's spending on goods and servicesd. imports are decreased more than ... | b | Multiple Choice | Economics | University |
1937719 | Which of the following would increase the supply of cattle?
a. an increase in the price of cattle feed.
b. an increase in the price of leather goods.
c. cattle prices rise.
d. new laws requiring scrubbing equipment to be used in cattle feed lots to reduce environmental damage. | b | Multiple Choice | Economics | Senior High School |
1939273 | Which of the following explains the downward slope of the aggregate demand curve?
(a) disposable income remains unchanged when prices rise
(b) higher domestic prices encourage exports and discourage imports
(c) higher prices reduce the household's real wealth
(d) all of these | (c) | Multiple Choice | Economics | University |
1505140 | Much of the existing heterogeneity across countries ultimately derives from:
A. different levels of knowledge capital across countries.
B. different intelligence levels across races.
C. differences in natural capital endowments.
D. cultural differences. | D | Multiple Choice | Economics | University |
1787638 | If the slope of the demand curve is -2, price is $5, and quantity demanded is 10 units, then the price elasticity of demand is what? | -1 | Integer | Economics | Senior High School |
1562783 | Globalization is the struggle we face as the world boarders become more porous and cultures find common ground to share resources. Monopolies get shattered by free market competition. Is this statement true or false? Why? | True | Boolean | Economics | Senior High School |
260058 | Can a marginal propensity to consume or save be negative? | No | Boolean | Economics | Senior High School |
798308 | Assume quantity demanded and supplied can be represented by the following: Qd = 10 - P Qs = 2 + P
What is the equilibrium price and quantity for this market? | The equilibrium price is 4 and the equilibrium quantity is 6 units. | Integer | Economics | Senior High School |
1671461 | What is the highest federal tax rate? | 37% | Percentage | Economics | Senior High School |
1831145 | Belfast Company produces bicycles using labor (L) and capital (K). Its production function is given by the following expression:
Q = 38 L + 19 K
where Q is the output of bicycles. The prices of labor (P{eq}_L
{/eq}), capital (P{eq}_K
{/eq}), bicycles (P) and the cost (C) are the following:
PL=11, PK=29, P=80 and C... | 186 | Integer | Economics | University |
473353 | Use the table below to answer the following question.
Table 8.2.1
Windsurfing equipment rents for $10 per hour, snorkeling equipment for $5 per hour.
Hours per Month Total Utility from Windsurfing Total Utility from Snorkeling
1 60 20
2 110 38
3 150 53
4 180 64
5 200 70
Consider Devon's total utility from snorkelin... | B | Multiple Choice | Economics | University |
641326 | The price of apples increases from $1 to $1.10. At the same time, the quantity of apples demanded decreases from 100 to 90. The price elasticity of demand for apples (calculated using the initial value formula) is
A. 0.02
B. 0.9
C. 1
D. 1.1 | C | Multiple Choice | Economics | Senior High School |
1851624 | Assume that the interest parity holds, the future expected exchange rate is constant, the current nominal exchange rate is 1.2, the one-year foreign interest rate is 3%, and the one-year domestic interest rate is 6%. One could conclude that financial market participants expect that the exchange rate will over the comin... | a | Multiple Choice | Economics | University |
640661 | Tulip growing is a perfectly competitive industry and all tulip growers have the same costs.
The market price of tulips is $15 a bunch and each grower maximizes profit by producing 400 bunch a week.
Average total cost of producing tulips is $21 a bunch and average variable cost is $14 a bunch.
Minimum average variab... | -$2800 | Integer | Economics | University |
1338057 | If currency held outside banks is $400 billion, checkable deposits amount to $350 billion, traveler's checks are $2 billion, and money market mutual funds (retail) are $100 billion, what does M1 equal? | $752 billion | Integer | Economics | Senior High School |
1927195 | When the rate of growth of money is constant:
a. the inflation rate equals the growth rate of money.
b. the nominal interest rate rises.
c. real money balances are declining.
d. all of the above | a | Multiple Choice | Economics | University |
895545 | The quantity of gallons of gas sold in 2016 was 25,604.5, and it was 24,498.1 in 2017. The price of gas in 2016 was $2.25, and the price of gas in 2017 was $2.53. Calculate the elasticity of demand for gasoline. | 0.42 | Float | Economics | Senior High School |
1966481 | Answer the question on the basis of the following data. All figures are in billions of dollars. The economy characterized by the data is: Multiple Choice experiencing expanding production capacity because net investment is positive. experiencing a trade surplus. experiencing declining production capacity because net in... | experiencing declining production capacity because net investment is negative | Multiple Choice | Economics | Senior High School |
803065 | Is the government generally as efficient as the private sector in delivering services? Why or why not? | No | Boolean | Economics | Senior High School |
1820371 | Imagine you win a free ticket to see an Adele concert, which you could sell for $150. You would be willing to pay as much as $200 to see Adele. Hedley is performing on the same night. Seeing Hedley is your next best alternative to seeing Adele. Tickets to see Hedley cost $80. On any given day, you would be willing to p... | b | Multiple Choice | Economics | University |
1520746 | To be unemployed, a person must be of the following except:
a) Register at his or her local job service.
b) Actively seeking employment.
c) No submission of any resumes over the past 4 weeks.
d) Obtaining a job interview weekly. | c | Multiple Choice | Economics | Senior High School |
1539070 | What is the difference between a shift in the demand curve and a movement along the demand curve?
A. A shift conveys a change in the opportunity cost; a movement does not.
B. A shift implies a change in the whole demand curve; a movement does not.
C. A shift creates a new equilibrium price; a movement creates a new ... | B | Multiple Choice | Economics | Senior High School |
2035528 | Which of the following are the characteristic properties of a long-run equilibrium in a perfectly competitive market?
a. MC = LAVC {eq}MC = LAVC
{/eq}
b. MC = MR {eq}b. MC = MR
{/eq}
c. MR = P {eq}c. MR = P
{/eq}
d. P > LATC {eq}d. P > LATC
{/eq}
e. P = AFC + AVC
f. P > AVC
g. MC = ATC
h. AVC > MR
i. MR = ... | a. MC = LAVC
b. MC = MR
c. MR = P
g. MC = ATC
i. MR = LATC
j. P = MC
k. MC = LATC | List | Economics | University |
1805000 | If, at a good's current price, the quantity demanded is 2,000 units and the quantity supplied is 1,000 units:
a. the current price is below the equilibrium price.
b. producers are not responsive to price changes.
c. the current price is above the equilibrium price.
d. none of the above | a | Multiple Choice | Economics | Senior High School |
111434 | A balance of trade surplus can be the result of:
A. a loose monetary policy.
B. foreigners having no taste for this country's products.
C. an appreciation of the country's currency.
D. low levels of income relative to other nations.
E. high domestic prices. | D | Multiple Choice | Economics | University |
2011670 | Last winter, the price of home heating oil increased by 20% and the quantity demanded of home heating oil decreased by 2%. What is the elasticity of demand for home heating oil? | 0.1 | Float | Economics | Senior High School |
1835591 | Toyota customers have a wide range of preferences. Some prefer the fuel economy of a hybrid (Prius), some prefer a family van (Odyssey), and others may prefer a large SUV (Highlander). This is an example of :
a.differences in willingness to pay
b.horizontal differentiation
c.segmentation
d.vertical differentia... | c | Multiple Choice | Economics | University |
933411 | Discuss whether the Federal Reserve can control both the money supply and interest rates in the United States simultaneously. | Yes | Boolean | Economics | University |
316765 | Which of the conditions necessary for price discrimination are met? | Imperfect Market
Prevention Resale of the products.
Existence of different market segments. | List | Economics | University |
1301834 | Lisa is choosing between three alternatives:
a) working on her job that pays her 60 dollars;
b) writing a term paper which she values at 40 dollars; or
c) going out with a friend, which she values at 80 dollars.
The opportunity cost of writing the term paper is: | 80 dollars | Integer | Economics | Senior High School |
1340724 | Which of the following is not included in the consumption component of GDP?
Group of answer choices
household purchases of appliances
household purchases of food sold in the US but produced abroad
household purchases of medical care
household purchases of newly constructed homes | D | Multiple Choice | Economics | University |
1856395 | Suppose that a region's only provider of cable service faces government-imposed limits on the prices that it can charge customers. This is an example of which public policy toward monopolies? | A | Multiple Choice | Economics | Senior High School |
846841 | You are given the following data for your firm, which sells high-capacity video MP3 players.
Q P TC
0 $1,000 $1,500
2 $960 $2,568
4 $920 $3,660
6 $880 $4,824
8 $840 $6,108
10 $800 $7,560
12 $760 $9,228
14 $720 $11,160
16 $680 $13,404
18 $640 $16,008
20 $600 $19,020
Describe the competitiveness of the market by calcul... | a. 23.5% | Percentage | Economics | University |
46312 | Two drivers, Tom and Jerry, each drive to a gas station. Before looking at the price, each places an order. Tom says, "I'd like 10 liters of gas." Jerry says, "I'd like $10 of gas." What is each driver's price elasticity of demand? | 0 | Integer | Economics | Senior High School |
538314 | You have a part-time job that pays $8 per hour. Your manager has asked you to work 4 extra hours on Friday night, but you already have plans for dinner and a movie with a friend on Friday night. Under what conditions will you choose to work Friday night? Consider the economic way of thinking in answering this question;... | c | Multiple Choice | Economics | Senior High School |
1131198 | The number and relative size of firms in an industry is the definition of what? | market structure | String | Economics | Senior High School |
559354 | Given the model:
Y = C + I + G + Xn
C = a + b Yd
I = f ( i, Y)
G = Go
Tx = T + tY
Which of the following would lead to a stronger (larger, in absolute magnitude) investment multiplier?
a) An increase in G
b) An increase in m
c) An increase in t
d) An increase in b
e) None of the answers are correct. | d | Multiple Choice | Economics | University |
557010 | Do goods sourced and sold by Walmart subsidiaries in Mexico contribute to the U.S. GDP? | Yes | Boolean | Economics | Senior High School |
714555 | Is the downfall of the INR rate an indication of Indian economic growth when the current government is claiming so? | No | Boolean | Economics | Senior High School |
846703 | Which of the following statements about the AA curve is true?
A) The AA schedule has a positive slope because an increase in output leads to a depreciation of the currency.
B) The AA schedule has a negative slope because an increase in output leads to a decrease in the domestic interest rate.
C) The AA schedule has ... | C | Multiple Choice | Economics | University |
713338 | Suppose that Rob and Big both raise animals and sell them. Because Rob and Big have different talents, they have varying abilities to raise these animals. In 1 day, Rob can produce either 10 cows or 20 pigs. In 1 day, Big can produce either 9 cows or 36 pigs. Assume that Rob and Big decide to specialize completely and ... | 390 pigs and fewer than 780 pigs | Expression | Economics | Senior High School |
1071251 | On the R-S graph, where is the location of the pooling equilibrium for both the frail and robust individuals (in a heterogenous setting)?
a. on the zero profit line for the frail
b. on the zero profit line for the robust
c. at full and fair insurance point
d. at full and unfair insurance point
e. there is no pooli... | e | Multiple Choice | Economics | University |
42689 | Assuming that the aggregate supply for product {eq}X
{/eq} is constant, is the increase in demand for {eq}X
{/eq} always positive? | Yes | Boolean | Economics | Senior High School |
1350937 | Which of the following statements is correct?
a. A sunk cost is any cost that was expended in the past but can be recovered if the firm decides not to go forward with the project.
b. A good example of a sunk cost is a situation where Home Depot opens a new store, and that leads to a decline in sales of one of the fir... | a | Multiple Choice | Economics | University |
254615 | True or False: Tax expenditures are less costly to administer than direct funding programs. | True | Boolean | Economics | Senior High School |
1995717 | An amusement park serves customers with quasilinear utility and increasing, concave valuation for total number of rides in the park. There are two types of consumers; the low-type has value function
{eq}v_L(q) = \left\{\begin{matrix}
4q - \frac {q^2}{6}, ~q \leq 12 \\
24, ~q > 12
\end{matrix}\right.
{/eq}
While t... | q_H=0 or 36 and q_L=0 or 24 | List | Economics | University |
1261327 | Consider a growth model with both population growth (n) and technological growth (g) as in Chapter 9. What would happen to the percentage change in the steady-state level of capital per work (K/L) when n increases?
It would remain constant.
It would decrease.
It would increase. | B | Multiple Choice | Economics | University |
630049 | In the long run, a firm in monopolistic competition produces where the slope of the average total cost curve is
A. zero.
B. equal to the marginal cost.
C. positive.
D. negative. | D | Multiple Choice | Economics | University |
820942 | The Consumer Price Index in Period 1 is 107.5. It is 103.8 in Period 2.
What is the inflation or deflation rate? State the answer as a percentage rounded to one decimal place. | -3.4% | Percentage | Economics | Senior High School |
1858309 | A(n) ________ is a single firm with ________, whereas ________ implies an industry with ________ firm(s) that has(have) ________. oligopoly; no barriers to entry; monopoly; many; easy entry and exit monopoly; barriers to entry; monopolistic competition; many; easy entry and exit monopoly; barriers to entry; oligopoly; ... | B | Multiple Choice | Economics | University |
800097 | Consider an exchange economy with a large number (n ≥ 3) of goods. Suppose that A is a feasible allocation on the economy's contract curve whereas B is a feasible allocation that is not on the contract curve.
Which of the following must be true?
(a) All individuals prefer the allocation A to B
(b) Some individu... | (b) | Multiple Choice | Economics | University |
363120 | Suppose 500,000 undergraduate students graduate on Sunday, May 12, 2019. All 500,000 begin to look for work on Monday, May 13, 2019, and all 500,000 are hired immediately. Ignore any other labor market activity that may happen in May 2019. Since there was no loss of time searching for a job, the hiring of there 500,000... | False | Boolean | Economics | University |
1807922 | Globalization encourages each country to specialize in what it produces best, using the least amount of resources, known as comparative advantage. Is this statement true or false? Why? Explain. | true | Boolean | Economics | Senior High School |
1919286 | Business cycles can be readily identified from
a. unemployment-rate data.
b. real GDP data.
c. salary or wage data.
d. unemployment-rate data and real GDP data.
e. unemployment-rate data and salary or wage data. | d | Multiple Choice | Economics | University |
1125629 | Suppose Income Elasticity of Demand is 2. If this is the case, then:
a. A 2% increase in income will decrease the quantity demanded by 1%, and this good is an inferior good.
b. A 2% increase in income will decrease the quantity demanded by 1%, and this good is a normal good.
c. A 1% increase in income will decrease ... | d | Multiple Choice | Economics | University |
735061 | A firm with market power has an individual consumer demand of Q = 20 - 4P and costs of C = 4Q. What is the optimal amount of this product to package in a single block? a. 2 b. 3 c. 4 d. 5 | c | Multiple Choice | Economics | University |
343746 | The firm's short-run supply curve runs up the marginal cost curve:
A. to the shutdown point
B. from the shutdown point all the way up the curve
C. to the break-even point
D. from the break-even point all the way up the curve | B | Multiple Choice | Economics | University |
167031 | Demand for X increases from 100 to 125 when the price of Y increases from $5 to $6.
What is the cross-price elasticity of demand? | 1.25 | Float | Economics | Senior High School |
41497 | Is it ethical that capitalism makes us work in jobs we dont enjoy? | No | Boolean | Economics | Senior High School |
1351075 | During a football game, it starts to rain and the temperature drops. The senior class, which runs the concession stand and is studying economics, raises the price of coffee from 50 cents to 75 cents a cup. They sell more than ever before. Which answer explains this?
a. the supply of coffee increased
b. the demand cur... | d | Multiple Choice | Economics | Senior High School |
826586 | An employer should not accept a W-4 if:
a) page 2 of the worksheet is not completed and signed.
b) the employee requests that a fixed percentage of pay be withheld.
c) the employee submits more than one change within the same tax year.
d) all of the above. | a | Multiple Choice | Economics | Senior High School |
1838687 | On a tropical island there are 100 potential boat builders, numbered 1 through 100. Each can build up to 16 boats a year, but anyone who goes into the boatbuilding business has to pay a fixed cost of 515. Marginal costs differ from person to person. Where y denotes the number of boats built per year, boat builder 1 has... | a | Multiple Choice | Economics | University |
1959531 | A market is subject to the demand function {eq}P = 250 - 5Q
{/eq}, which would allow one to earn revenue at a marginal rate of {eq}MR = 250 - 10Q
{/eq}. The total cost and marginal cost related to certain product are given by: {eq}TC = 3Q^2 + 15Q + 20, \; MC = 6Q + 15
{/eq}. Determine the quantity of the product pro... | 14.68 | Float | Economics | University |
265928 | What types of unemployment are best studied under a short-run framework? | Cyclical unemployment | String | Economics | University |
1732784 | If b = 2/8, then at the point on the demand curve where Q = 51 and P = $76.50, the elasticity of demand, expressed as a positive number, is _____. | 6 | Integer | Economics | University |
1971620 | An increase in the rate of return on an investment:
a. would most likely increase the supply of loanable funds.
b. would most likely increase the interest rate.
c. would most likely decrease the interest rate.
d. would most likely decrease the supply of loanable funds.
e. would most likely decrease the quantity de... | b | Multiple Choice | Economics | University |
342570 | Beth has $200 of income to spend on ebooks (E) priced at $10 per book, and Zumba (Z) classes priced at $8 per class.
Which of the following consumption bundles its feasible?
a. E=20 and Z=0
b. E=2 and Z=22
c. E=10 and Z=13
d. E=8 and Z=15 | a, b, d | List | Economics | Senior High School |
1003150 | Income effect occurs because of _____. | change in purchasing power | String | Economics | University |
1283348 | Suppose that the value of GDP deflator in the year 2000 is 100, and the value of GDP deflator in the year 1960 is 19.1. If the value of nominal GDP in the year 1960 is $615,100, then the value of real GDP in the year 1960 expressed in 2000 dollars is approximately how much? | $ 3219895,29 | Float | Economics | University |
1741712 | Did I tell l you that I am going to win the Florida Lottery this week? I am highly confident. On Monday morning, I will call the Dean's office and grant everyone an "A," except for those who fell asleep in my class. I will then disappear to the Florida Keys. According to the BLS, will I be categorized as unemployed? Ex... | No | Boolean | Economics | Senior High School |
825146 | The money demand curve slopes downward because a rise in interest rates causes _____.
(a) bonds to become more attractive
(b) the Fed to decrease the quantity of money in circulation
(c) the opportunity cost of holding money to decrease
(d) investment spending to decrease
(e) consumption spending to decrease. | a | Multiple Choice | Economics | University |
601840 | If the United States imports a specific product and exports a different product, what is the likely effect on the price of the product that the United States imports?
a) The price of the imported product increases because demand for the product increases.
b) The price of the imported product increases because the ove... | c | Multiple Choice | Economics | Senior High School |
1339205 | Suppose the utility function over x, y and z is:
{eq}U(x, y, z) = x^a y^b z^c
{/eq}
Derive the demand functions for x, y and z as functions of {eq}p_x, p_y, p_z
{/eq} and m. | $x=\frac{ma}{p_x(a+b+c)}$, $y=\frac{mb}{p_y(a+b+c)}$, $z=\frac{mc}{p_z(a+b+c)}$ | Expression | Economics | University |
176137 | Suppose the Last Bank of Commerce has $100,000 in outstanding deposits and actual reserves of $35,000. If the required reserve ratio is 20% and individuals hold no cash, utilizing excess reserves ONLY, what is the maximum amount the Last Bank of Commerce can add to the money supply?
A. $15,000
B. $75,000
C. $1,000,0... | B | Multiple Choice | Economics | University |
1966636 | To maximize profit in the face of uncertainty, firms should produce the output where:
A. expected price equals expected marginal cost.
B. expected marginal revenue equals marginal cost.
C. expected price equals marginal cost.
D. expected marginal revenue equals expected marginal cost. | B | Multiple Choice | Economics | University |
1473425 | The forces of competition in markets with free entry and exit tend to eliminate wage differentials that arise from discrimination by:
a) employers.
b) customers.
c) government.
d) all of the above. | a | Multiple Choice | Economics | University |
2035976 | What sets the boundaries for trade? Globalization, comparative advantage, absolute advantage, or opportunity cost? | D | Multiple Choice | Economics | Senior High School |
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