id stringlengths 3 7 | question stringlengths 20 3.98k | answer stringlengths 1 1.02k | answer_type stringclasses 11
values | category stringclasses 1
value | difficulty stringclasses 3
values |
|---|---|---|---|---|---|
1851351 | Assume the following facts concerning the horizontal merger model developed by Williamson. Let inverse demand be P = 100 - Q; marginal cost pre-merger, {eq}MC_1 = 50
{/eq}; marginal cost post-merger, {eq}MC_2 = $44
{/eq}; and pre-merger price, {eq}P_1 = $50
{/eq}. Assume that the post merger price, {eq}P_2 = $70
{/... | 200 | Integer | Economics | University |
280728 | If the price level and the money wage rate rise by the same percentage, the quantity of real GDP supplied _____ and there is a movement up along the _____ aggregate supply curve.
A.does not change; short-run
B.does not change; long-run
C.decreases; long-run
D.increases; short-run | B | Multiple Choice | Economics | University |
480114 | Identify the price support methods that would favor the taxpayer less. | Price controls and production quota | List | Economics | University |
1564701 | An increase in the number of encouraged workers:
a) raises the unemployment rate and the participation rate.
b) lowers the unemployment rate and the participation rate.
c) lowers the unemployment rate and raises the participation rate.
d) raises the unemployment rate and lowers the participation rate. | a | Multiple Choice | Economics | University |
745809 | Suppose that:
i. The Elasticity of Imports in the USA in the short run is 0.5,
ii. The Elasticity of Imports in Japan in the short run is 0.4,
iii. The Elasticity of Imports in the USA, in the long run, is 0.9.
What happens to the Current Account Balance in the US if the Exchange Rate goes from Yen=$1/100 to Yen=$1... | d | Multiple Choice | Economics | University |
419875 | The demand for x camcorder tapes, in thousands, is given by: p = -.01 x^2 - .2x + 23. Determine Consumer's Surplus at the price-demand level p- = $8. | $270 | Integer | Economics | University |
1414306 | Fill in the blank: _____ is an analysis of the additional costs and benefits of a proposed alternative compared with the current situation. | Cost-benefit analysis | String | Economics | University |
1715680 | Suppose that the (inverse) market demand curve for a new drug is given as follows: P = 400 - 10Q and their marginal revenues is MR = 400 - 20Q. Suppose also that there is a single supplier of the drug who faces a total cost curve as TC = 10 + 10Q and its marginal cost is MC = 20Q. If the government levies an excise tax... | $28.35 | Float | Economics | University |
204518 | Find demand function Q=f(P) if price elasticity of demand is e= -(5P + 2p^2)/Q and Q = 500, P = 10. | Q = 250 - 25P | Expression | Economics | University |
1765734 | Show how to derive the IS schedule. Support your answer with equations and figures. | y = 400 - 40i | Expression | Economics | University |
305659 | The government is considering constructing a dam that will last for 5 yean. If the dam is constructed the annual benefit of the dam is 850 million. Assume that the benefits will start accruing at the end of the first year and accrue at the end of every year that the dam operates thereafter. In order to construct the da... | 2470614281.27 | Float | Economics | University |
492209 | The price elasticity of demand for gasoline as a product is generally estimated to fall in the very elastic range particularly in a short time period. Is this likely to be true for gasoline purchased at an individual station. Explain. | No | Boolean | Economics | University |
1140957 | Which of the following may be legal and even common practice in a market economy?
a. bundling several products together and selling them as a package.
b. making the ability to buy one product conditional on also buying another.
c. deterring new market entrants with short term predatory pricing.
d. selling product f... | a | Multiple Choice | Economics | Senior High School |
1133624 | Suppose the $ is devalued: we go from Yen = $1/100 to Yen = $1/50. What is the elasticity of demand for imports in Japan?
a. 0
b. 1
c. 1.5
d. 2
USAJapan
Demand for imports (before $ - devaluation)400400
Demand for imports (after $ - devaluation)200800
Price for imports, in foreign currency (before $ - devaluati... | B | Multiple Choice | Economics | University |
1755724 | A sheep farmer sells wool to a knitter for $20. The knitter makes two sweaters, each of which has a market price of $40. A customer buys one of them, and the other remains on the shelf of the knitter's store to be sold later. What is the GDP? | $80 | Integer | Economics | Senior High School |
187018 | The demand for a monopoly's output is p = 100 - Q. The firm's production function is Q = 2L. What is the firm's demand function for labor? | W = 200 - 2Q | Expression | Economics | University |
301242 | Which of the following is/are the basic question(s) that Competition Theory" (of the 1930's) tried to answer?
A. What do monopoly and competition look like?
B. What will the demand curve look like if sellers are price takers?
C. What does an oligopoly look like?
D. What is life in the fast lane like?
E. all of the... | F | Multiple Choice | Economics | University |
141977 | What is the maximum loan that Federal Second Bank can make and meet the 10% reserve requirement if the Reserves are $2,500, Loans are $15,000, Securities are $5,000, Deposits are $21,000, but with a debt of $1,000?
a) $500b) $2,500c) $400d) $0e) $21,000 | c | Multiple Choice | Economics | University |
938633 | A tax of $0.25 is imposed on each bag of potato chips that is sold. The tax decreases producer surplus by $600 per day, generates tax revenue of $1,220 per day, and decreases the equilibrium quantity of potato chips by 120 bags per day. What is the deadweight loss? | $15 | Integer | Economics | Senior High School |
452014 | You are the manager of a 24-hour copy shop that is closed on Sundays. You lease a building for $2,000 per month and hire three employees who each work eight-hour shifts at a wage of $10.00 per hour. The markets for labor and office space are tight in your area. To acquire the lease and hire workers, you signed contract... | Yes | Boolean | Economics | University |
774742 | The Consumer Price Index is reported monthly by the U.S. Bureau of Labor Statistics. It reports the change in prices for a market basket of goods from one period to another. The index for 1994 was 148.2, by 2007 it increased to 210,2. What was the geometric mean annual increase for the period? | 2.725% | Percentage | Economics | Senior High School |
1212254 | Is monetary policy more effective in an open economy? | Yes | Boolean | Economics | University |
1183643 | Suppose a utility function of the form {eq}U(x,y) = 8x^{1/2} + y^{1/2}
{/eq} is given. Find the price elasticity of demand. | $E_d = -\frac{P_y + 0.03 P_x}{M \times P_y (P_y+0.015P_x)}$ | Expression | Economics | University |
2225 | If the demand function is {eq}\displaystyle P=-2Q+23 {/eq}, the Fixed Cost = 42, and the Variable Cost per unit = 3 what is the value of the P?
a. 10
b. 15
c. None of these
d. 13 | c | Multiple Choice | Economics | Senior High School |
1897244 | True or false? A monopolist is different from a perfect competitor by the monopolist's price being equal to average revenue. | False | Boolean | Economics | University |
1866678 | Suppose gas price decreased by 5% and the quantity of gas demanded increased by 30%. What is the price elasticity of demand? | 6 | Integer | Economics | Senior High School |
560789 | Suppose {eq}f(L, K) = KL^9 w = 1; r = 2: MPL = 9L^8K; MPK = L^9
{/eq}. How much labor and capital should the firm hire if it wants to produce 10 units of output while minimizing its cost of production? Show your work. | K = (10 / 18^9)^(1/10), L = (180)^(1/10) | Expression | Economics | University |
475864 | State True or False.
By definition, the marginal abatement cost (MAC) curve shows the change in costs associated with higher levels of abatement, using the most widely available technology. | True | Boolean | Economics | University |
1029782 | A country's exporters would want the country's government to have a balanced budget because
A. the savings curve will shift to the right, increasing interest rates and the demand for dollars, lowering the exchange rate, making the country's exports cheaper, and giving exporters an advantage over foreign competitors.
... | D | Multiple Choice | Economics | University |
661642 | A firm's fixed costs for producing 0 units of output and its average total cost of producing different output levels are summarized in the tale below. Complete the table to find the fixed cost, variable cost, total cost, average fixed cost, average variable cost, and marginal cost at all levels of output.
Q FC VC ... | Q FC VC TC AFC AVC ATC MC
0 200 0 200 - - - -
10 200 50 250 20 5 25 5
20 200 100 300 10 5 15 5
30 200 160 360 7 5 12 6
40 200 480 680 5 12 17 32
50 200 1250 1450 4 25 29 213
60 200 2020 2220 3 34 37 77 | List | 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 |
731371 | Which group of policies aims at discouraging rivals from starting a price war?
a) -Price matching and randomized pricing
b) -Price matching, brand loyalty, and commodity bundling
c) -Randomized pricing, price discrimination, and cross-subsidization
d) -Peak-peak pricing, two-part pricing, and price matching | a | Multiple Choice | Economics | University |
127864 | Suppose the real interest rate in the economy is 3% and the nominal interest rate is 6%. What is the current inflation rate? | 3 | Integer | Economics | Senior High School |
1624935 | Complete the following table
QuantityFCVCTCAFCAVCATCMC
0 45 045
1 65
2 17.5
3 10
4 30
5 120 | Quantity | FC | VC | TC | AFC | AVC | ATC | MC
------- | -------- | -------- | -------- | -------- | -------- | -------- | --------
0 | 45 | 0 | 45 | - | - | - | -
1 | 45 | 20 | 65 | 45 | 20 | 65 | 20
2 | 45 | 35 | 80 | 22.5 | 17.5 | 40 | 15
3 | 45 | 45 | 90 | 15 | 15 | 30 | 10
4 | 45 | 75 | 120 | 11.25 | 18.75 | 30 | ... | Matrix | Economics | Senior High School |
263847 | The demand function for Newton's Donuts has been estimated as follows: {eq}Q_x = -14 - 54P_x + 45P_y + 0.62A_x
{/eq} where {eq}Q_x
{/eq} represents thousands of donuts; {eq}P_x
{/eq} is the price per donut; {eq}P_y
{/eq} is the average price per donut of other brands of donuts, and {eq}A_x
{/eq} represents thousan... | Yes | Boolean | Economics | University |
842054 | Consider the following information. Find the contribution margin per unit.
Variable costs
$150,100
Fixed costs
$126,000
Units sold
10,000
Contribution ratio per unit
0.21 | $4 | Float | Economics | Senior High School |
1073314 | Suppose that Apple and the investors buying the firm's bonds both expect a 4% inflation rate for the year. Further, suppose the nominal interest rate on bonds is 8% and the expected real interest rate is 4%. Now suppose that a year after the investors purchase the bonds, the inflation rate turns out to be 3%, rather th... | a | Multiple Choice | Economics | University |
1764101 | The following are correct descriptions for special cases of linear demand, except
A. A linear demand has price elasticities that range from zero to positive infinity.
B. The linear demand has elasticity equal to one at the point where the marginal revenue equals one.
C. For a linear demand, revenue is maximized when... | B | Multiple Choice | Economics | University |
314272 | Answer true or false:
When an aggregate demand shock ends, the AD curve will return to its original position, obeying the principle of transition dynamics. | true | Boolean | Economics | University |
1541055 | A small town in Bolivia exists primarily because an open-pit copper mine produces a large amount of valuable metal ore. There is no other significant employer in the town, and the few other businesses and services in the community are there to support the employees of the copper mine. In this situation, the employment ... | D | Multiple Choice | Economics | University |
1131833 | The Ricardian two-country two-good model predicts that there are potential benefits from trade, but not:
a) when one country has significantly lower wages than the other country.
b) the mechanism that determines which country will specialize in which good.
c) when both countries have the same types of technology ava... | d | Multiple Choice | Economics | University |
1978197 | Suppose the production function for T-shirts can be represented as {eq}q = L^{0.25}K^{0.75}{/eq}. When {eq}K = 1{/eq} and {eq}q = 2{/eq}, what is the slope of the isoquant? If there is insufficient information to answer the question, describe what information is additionally needed. | 0.0208 | Float | Economics | University |
1504164 | For the equation below, q is the total number of units produced per day by m employees of a manufacturer, and p is the price per units are sold. find the marginal revenue product for the given value of m
{eq}q= (200m-m^2) / 20
{/eq}
{eq}p= -0.6q+90
{/eq}
{eq}m=70
{/eq}
{eq}mrp=
{/eq} | 0 | Integer | Economics | Senior High School |
517526 | Which of the following are necessary conditions for third-degree price discrimination to enhance profits? (Select all that apply.)
a. At least one group has an elasticity of demand less than 1 in absolute value.
b. We are able to prevent resale between the groups.
c. There are two different groups with different (an... | B, C | Multiple Choice | Economics | University |
1416957 | Why is college tuition in the USA not free? If everyone were educated, wouldn't that help the country more than if it cost money? | No | Boolean | Economics | Senior High School |
918695 | When two countries engage in international trade, equilibrium international price will be between these two countries' domestic prices. True or false? Explain. | True | Boolean | Economics | Senior High School |
855419 | Assume that MPK=2,829 and that the slope of the Isoquant is equal to -528. What is MPL? (hint: use only positive numbers) | 1,493,712 | Integer | Economics | University |
1395332 | Is the Indian equity market at a high risk? | Yes | Boolean | Economics | Senior High School |
1646163 | A consumer has a utility function for cable movies given by the following function: U = 18X - 2X{eq}^{3/2}
{/eq}, for X ≤ 36 where X is the number of cable movies viewed per month and U is measured in dollars.
Imagine that the cable company is trying to boost sales. It offers this consumer the following alternative t... | J | Multiple Choice | Economics | University |
1127065 | In Canada, the reference base period for the CPI is 2002. By 2012, prices had risen by 21.6 percent since the base period. The inflation rate in Canada in 2013 was 1.1 percent. Calculate the CPI in Canada in 2013. | 122.94 | Float | Economics | Senior High School |
520954 | The opportunity cost to a consumer who smokes cigarettes consists of the:
A. costs imposed on others who inhale second-hand smoke.
B. products that the consumer could have bought instead of cigarettes.
C. amount of cigarette taxes paid by this consumer.
D. cost of complementary products such as lighters, ashtrays, ... | B | Multiple Choice | Economics | Senior High School |
2002771 | Arthur pays tax of $5,000 on taxable income of $50,000 while taxpayer Barbara pays tax of $12,000 on $120,000. The tax is a:
a) progressive tax
b) proportional tax
c) regressive tax
d) none of the above | b | Multiple Choice | Economics | Senior High School |
1788294 | How do you find the competitive equilibrium Edgeworth box? | The competitive equilibrium price P is determined by the following set of equations:
1. MRS(Xi) = MRS(Xj) (tangency condition)
2. P * X ≤ P * Y (budget constraint)
3. X ≤ Y (resource constraint) | Expression | Economics | University |
174017 | Which is most likely to have an inelastic demand?
A. an expensive sports car
B. experimental cosmetic surgery
C. organic fruits and vegetables
D. an effective cancer-fighting drug | D | Multiple Choice | Economics | Senior High School |
785258 | The service industry represents ________ of the value of the u.s. economy. | 70% | Percentage | Economics | Senior High School |
1653803 | Which of the following statements is not a macroeconomic objective?
a) equitable distribution of income
b) economic growth
c) balanced budget deficit
d) economic efficiency | d | Multiple Choice | Economics | Senior High School |
55548 | Consider the IS-LM framework. If the central bank decreases the price target and government spending increases, then we know that in the short run:
a. output rises; interest rate decreases
b. interest rate rises; effect on output is ambiguous
c. output rises; effect on interest rates is ambiguous
d. interest rate r... | b | Multiple Choice | Economics | University |
1179380 | True or false? Domestic consumers benefit from R&D that increases domestic supply in a small, open economy. | True | Boolean | Economics | University |
1397820 | What is the change in the money supply when the Fed purchases $700 worth of bonds and the required reserve ratio is 14% assuming banks hold no excess reserves? | $5,000 | Integer | Economics | University |
385358 | In 2016, Joan is single and a homeowner who incurs property taxes on her home of $2,000, makes charitable contributions of $500, and pays mortgage interest of $6,000. Joan's adjusted gross income is $32,000.
Assume the same facts as above, but Joan is not a homeowner, so she has no property tax or mortgage interest. I... | C | Multiple Choice | Economics | Senior High School |
93727 | In the long run, which of the following curves does not determine either the price level or output?
A. The AD Curve.
B. The SAS Curve.
C. The LAS Curve.
D. None of the solutions provided are correct. | C | Multiple Choice | Economics | University |
331398 | The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is $12.
Total costs include all implicit opportunity costs. Calculate the pizza shop's marginal cost and marginal revenue at each rate of output and f... | Marginal Cost ($):
0
3
3
1
2
4
6
8
10
12
16
Marginal Revenue ($):
0
12
12
12
12
12
12
12
12
12
12 | List | Economics | Senior High School |
213437 | As consumption of good X increases, the total utility increases at an increasing rate.
True
False | False | Boolean | Economics | University |
92663 | Which of the following do you think would lead to an increase in the current demand for beef?
a) higher pork prices
b) higher consumer income
c) higher prices of feed grains used to feed cattle
d) widespread outbreak of mad cow or hoof-and-mouth disease
e) an increase in the price of beef | a | Multiple Choice | Economics | Senior High School |
1928413 | The "certainty equivalent value":
a. Is the maximum insurance premium that a risk-averse person would be willing to pay to avoid risk,
b. The amount one would need to be paid above the expected value of a gamble in order to be convinced to take the gamble,
c. Is larger for a risk lover than a risk-averse person,
d.... | c | Multiple Choice | Economics | University |
1390988 | Suppose three firms form a cartel and agree to charge a specific price for every unit sold. Each individual has an incentive to deviate from the agreement because the firm's individual profits will be the greatest under the cartel agreement. Is this statement true or false? Explain. | False | Boolean | Economics | University |
905378 | Explain elasticity of demand. | Price Elasticity of Demand= (%ΔQd)/(%ΔP), where %ΔQd = change in the quantity demanded and %ΔP = change in the price | Expression | Economics | Senior High School |
1034424 | Jim saw a decrease in the quantity demanded for his firm's product from {eq}8000
{/eq} to {eq}6000
{/eq} units per week when he raised the price of the product from {eq}\$200
{/eq} to {eq}\$250
{/eq}. What is Jim's own price elasticity of demand? | 1 | Integer | Economics | Senior High School |
964599 | Select the correct statement about the Market Based Instruments (MBIs) approach to managing the environment:
a) It restricts the behavior of the polluters,
b) It incentivizes the behavior of the polluters by commands,
c) It punishes the behavior of the polluters by sending signals,
d) None of the above. | c | Multiple Choice | Economics | University |
598909 | A private businessfinancial institutionregulatory agency enforces government regulations in a specific area of the economy. | regulatory agency | String | Economics | Senior High School |
1892839 | Investments in preventive maintenance in long-term care communities can lead to returns on investment as high as 500 percent.
True
False | True | Boolean | Economics | Senior High School |
832220 | Which of the following is a mixed cost? Which of the following is a mixed cost?
a. A cost that is $32.00 per unit when production is 80,000, and $32.00 per unit when production is 128,000.
b. A cost that is $32.00 per unit when production is 80,000, and $40.00 per unit when production is 128,000.
c. A cost that is $... | c | Multiple Choice | Economics | Senior High School |
102293 | Sue's Surfboards rents the factory building in which it produces surfboards. The rent is increased by $200 a week. If other things remain the same, the average fixed cost curve _____ the average variable cost curve _____, the average total cost curve _____, and the marginal cost curve _____.
A) shift upward; does not ... | A | Multiple Choice | Economics | University |
1991545 | Joe's demand for spring water can be represented as {eq}Q = 15 - p
{/eq} (where {eq}p
{/eq} is measured in $/gallon and {eq}Q
{/eq} is measured in gallons). He recently discovered a spring where water can be obtained free of charge. What is his consumer surplus from this water? | 112.50 | Float | Economics | University |
915000 | Derive the formula for calculating elasticity of demand. | Ed = (ΔQ/ΔP) * (P/Q) | Expression | Economics | Senior High School |
2050823 | If the exchange rate appreciates, then the:
A. quantity of dollars demanded decreases.
B. demand for dollars decreases.
C. supply of dollars decreases.
D. demand for dollars increases.
E. quantity of dollars demanded increases. | D | Multiple Choice | Economics | University |
871143 | When government spending increases, the first shift in the labor supply curve is due to a/an _____ effect, and the second shift is due to a/an _____ effect.
A. income; substitution.
B. substitution; income.
C. substitution; income.
D. income; income. | A | Multiple Choice | Economics | University |
1141842 | Consider the relative liquidity of the following assets:
1. A $50 bill
2. The funds in a savings account
3. A boat you own
4. A bond issued by a publicly-traded company
Select the assets in order of their liquidity, from most liquid to least liquid.
Asset
Most Liquid
Second-most Liquid
Third-most Liquid
Least L... | 1 > 2 > 4 > 3 | List | Economics | Senior High School |
881415 | Which of the following is true about the demand for computers?
A. Demand for computers is inelastic.
B. Demand for computers is elastic.
C. If the price of computers were to decrease, total revenue of computer producers would rise.
D. Computers are an inferior good. | C | Multiple Choice | Economics | Senior High School |
1616221 | Suppose a perfectly competitive firm is producing a level of output for which price equals average total cost, and the average total cost is less than marginal cost. In order to maximize its profits, the firm should:
a) reduce its output.
b) expand its output.
c) shut down.
d) increase the market price.
e) not cha... | a | Multiple Choice | Economics | University |
1589758 | Assume there is an increased demand in the United States for Australian wines. If all other factors are held constant, this will result in:
a. an increase in the U.S. dollar exchange rate for Australian dollars
b. an appreciation of the U.S. dollar
c. a movement along the demand curve for Australian wine
d. a decre... | a | Multiple Choice | Economics | University |
42344 | Consider the T-table of the Bank of Red Sox. Suppose the Bank of Red Sox buys back $500,000 in government bonds from The Federal Reserve Bank. Assume (1) the required reserve ratio is 10%, (2) the Bank of Red Sox issues all excess reserves in loans (i.e., there are no excess reserves). What is the new money supply?
Ba... | B | Multiple Choice | Economics | University |
2077198 | Explain whether the following statement is true or false.
Suppose the Army Corps of Engineers has proposals for retrofitting five bridges with the present value of the benefits (B) and costs (C) listed below.
Bridge Benefits ($millions) Costs ($millions) Net Benefits B-C ratio
A 40 20
B 25 10 ... | true | Boolean | Economics | University |
1533496 | What would we expect an increase in the average population age to do to the equilibrium interest rate?
A. Increase the interest rate.
B. Decrease the interest rate. | B | Multiple Choice | Economics | University |
1243545 | A copy company wants to expand production. It currently has 20 workers who share 8 copiers. Two months ago, the firm added two copiers, and output increased by 100,000 pages per day. One month ago, they added 5 workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers... | Buy another copier | String | Economics | Senior High School |
732089 | An increase in supply produced, all other things remaining the same:
A. Shifts demand and lowers the equilibrium price
B. Increases supply and lowers the equilibrium price
C. Lowers the equilibrium price only
D. The effects on demand and supply are indeterminable | B | Multiple Choice | Economics | Senior High School |
112338 | Nick runs a surfing school on the North Shore of Oahu. He has two inputs: surfboards, which he rents from a local shop for $15 per day, and surfing instructors, whom he hires for $50 per day. Nick has figured out that the marginal physical product (MPP) of the last instructor hired is 5 lessons, and the MPP of the last... | c | Multiple Choice | Economics | University |
395119 | Assume the price of gasoline doubles tonight and remains at that price the next two years. The price elasticity of demand for gasoline measured tomorrow will be _____ when compared with the price elasticity of demand for gasoline measured two years from now.
A. more elastic
B. larger in absolute value
C. the same
D... | D | Multiple Choice | Economics | University |
348303 | Consider a world of dating. Assume all costs and benefits that accrue from pursuing a partner are known with certainty. Assume further that in this world of dating, at any one time, you can be with at most one partner (i.e., no partners allowed). Individuals in this world are risk-neutral so if the benefit of an action... | Woman A | String | Economics | University |
534388 | Market economies are based upon:
A. private property and individual good will toward others.
B. government planning and individual good will toward others.
C. government planning and individual self-interest.
D. private property and individual planning. | D | Multiple Choice | Economics | Senior High School |
56171 | If the $11 cost per vehicle, in 1972, is equal to $64.25 in 2017, then what rate of inflation, i%=?, was used to determine the 2017 costs? | 4% | Percentage | Economics | Senior High School |
2066119 | The table shows the output per worker in Argentina and Brazil. Brazil has a comparative advantage in which of the goods?
Planes Trains
Argentina 15 45
Brazil 10 20
a. both planes and trains.
b. plains.
c. none of the two.
d. trains. | b | Multiple Choice | Economics | Senior High School |
1835220 | Applegate University announces that its employees can now take college courses free of charge. This change will eventually lead to a(n):
i. increase in labor demand.
ii. increase in labor supply.
iii. a decrease in labor demand.
iv. a decrease in labor supply. | B | Multiple Choice | Economics | University |
1345690 | The advantage of public ownership of a monopoly is that prices can be based on efficiency rather than profit maximization.
A. True
B. False | A | Boolean | Economics | University |
1285074 | A new sweater costs SF67 in Switzerland. Assume SF1 = $1.0298 and 1 = $1.1238.
How much will the identical sweater cost in euros if absolute purchasing power parity exists
a. 60.75
b. 58.25
c. 43.08
d. 61.40 | d | Multiple Choice | Economics | Senior High School |
2067447 | People hold $400 million of bank deposits but no currency. Banks have made $380 million dollars of loans and only hold enough reserves to satisfy reserve requirements. Because of uncertainty, banks choose to hold $10 million more in reserves. The Fed takes no action. What happens to bank loans?
a. they fall $200 milli... | a | Multiple Choice | Economics | University |
17617 | Formerly the US used both Fiscal policy and Monetary policy as tools to control the economy. Why do we now have these two policies at odds with each other? | Politics | String | Economics | University |
1403783 | In order for "limit pricing" to b e effective, the firm practicing such a strategy must be able to charge a price that is:
A) lower than the potential entrant's ATC but greater than the firm's own AVC.
B) lower than the potential entrant's ATC but greater than the firm's own ATC.
C) greater than the potential entran... | B | Multiple Choice | Economics | University |
1052779 | True or false? The marginal product of labor (MPL) is at its maximum when APL = MPL. | False | Boolean | Economics | University |
1020100 | What tends to be the relationship between the prime rate and the federal funds rate in the United States?
a. The prime rate tends to be one percentage point higher than the federal funds rate.
b. The prime rate tends to be three percentage points higher than the federal funds rate.
c. The prime rate tends to be one ... | b | Multiple Choice | Economics | University |
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