Explain the tools that governments can use to encourage or deter the production of certain goods and services (provide examples if you think necessary).

Economic growth will:

Group of answer choices

Shift PPF left

Shift PPF right

Cause movement along PPF

Decrease production

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Question 171 pts

What annual growth rate is needed for a country to double its output in 14 years?

Group of answer choices

7

2

5

10

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Question 181 pts

Which of the following is NOT a phase of the business cycle?

Group of answer choices

Recession

Base

Expansion

Peak

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Question 191 pts

Two consecutive quarters of negative economic growth as measured by a country's GDP is a:

Group of answer choices

Business Cycle

Great Recession

Recession

Depression

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Question 201 pts

Unemployment rate is defined as ________

Group of answer choices

Unemployed divided by the total population

Unemployed divided by the labor force

Unemployed divided by the labor participation

Labor force divided by the total population

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Question 211 pts

The type of unemployment caused by workers voluntarily changing jobs and by temporary layoffs is:

Group of answer choices

Frictional Unemployment

Structural Unemployment

Structural Unemployment

Burdensome Unemployment

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Question 221 pts

Unemployment of workers whose skills are not demanded by employers, who lack sufficient skill to obtain employment, or who cannot easily move to locations where jobs are available is:

Group of answer choices

Structural Unemployment

Frictional Unemployment

Cyclical Unemployment

Burdensome Unemployment

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Question 231 pts

Natural rate of unemployment is define as ________

Group of answer choices

Cyclical unemployment

Frictional unemployment plus structural unemployment

Seasonal unemployment plus cyclical unemployment

Zero unemployment

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Question 241 pts

The generalization that any 1% point rise in the unemployment rate above the natural rate of unemployment is associated with a rise in the negative GDP gap by 2% of potential GDP is known as:

Group of answer choices

Keynes’ law

GDP Gap

Economic growth

Okun’s law

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Question 251 pts

The index that measures the prices of a fixed market basket of 300 goods and services is:

Group of answer choices

Purchase Price Index

Consumer Price Index

Consumer Sales Index

Consumer Base Index

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Question 261 pts

If the CPI was 314 in 2015 and 335 in 2016, what is the rate of inflation?

Group of answer choices

4.28%

3.14%

5.53%

6.69%

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Question 271 pts

Cost-push inflation occurs when there is ___________.

Group of answer choices

Excess inventory

Increases in the price level resulting from an increase in resource costs and hence in per-unit production costs; inflation caused by reduction in aggregate supply

Increases in the price level resulting from increases in aggregate demand

A trade deficit

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Question 281 pts

Demand-pull inflation occurs when there is ___________.

Group of answer choices

Increases in the price level resulting from an increase in resource costs and hence in per-unit production costs; inflation caused by reduction in aggregate supply

Excess inventory

Excess inventory

Increases in the price level resulting from increases in aggregate demand

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Question 291 pts

_________ inflation reduces real output.

Group of answer choices

Cost-push

Demand-pull

Core

Core

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Question 301 pts

Core inflation ___________.

Group of answer choices

excludes certain items that face volatile price movements, such as energy and food products.

Is the natural rate of inflation

Is measured every two years.

Is cost-pull plus demand-pull inflation

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Question 311 pts

Nominal Interest Rate = Real Interest Rate + _____________.

Group of answer choices

Inflation

Taxes

GDP Deflator

Price Index

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Question 321 pts

The minimum level of consumption that would still exist even if a consumer had absolutely no income is:

Group of answer choices

Autonomous Consumption

Dissaving

Consumption Schedule

Consumption Schedule

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Question 331 pts

Consumption shifters include:

Group of answer choices

Interest Rates

Expectations

Borrowing

All of the other answers

Wealth and Disposable Income

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Question 341 pts

Levi’s is deciding whether to buy a jean rivet press machine for $1000. The company expects the machine to have a 1-year life. The machine is expected to contribute $1220 to the year’s net revenue. What is the expected rate of return?

Group of answer choices

33%

20%

22%

44%

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Question 351 pts

A construction firm is deciding which projects to invest in. It is deciding among five projects. The firm expects a real interest rate of 6%. Given the table, the construction firm will invest in:

Project	E(R)
A	5%
B	9%
C	4%
D	2%
E	10%

Group of answer choices

Projects A & B

Projects A, C, D

Projects B & E

Projects B & D

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Question 361 pts

If MPS = 0.25, then the multiplier is:

Group of answer choices

1

2

3

4

Explain how the Heckscher-Ohlin theorem supports international trade between nations.

2. What is international price equalization? give examples

3. explain two differences between the new trade theory and the traditional trade theory.

4. Explain why America is better suited to export computers while Kenya is better suited to produce hides-and-skin

5. Explain why the infant-industry argument is valid.

6. Explain one reason why the U.S. dollar has higher value than the Indian Ruppies in the international exchange rate marketplace.

7. write out one major difference between a country's balance of trade(BOT) and Balance of Payment (bop).

8. Explain the reason why loans to a country are entered on the Credit Side of that country's Balance of Payment account.

9. Why does the supply of a country's currency increase if/when the country's level of imports increase.explain.

10. Analyze how the exchange rate of the u.s. dollar would be impacted by a fall in U.S. domestic interest rates.

Sometimes when the U. S. economy starts pulling out of a recession, the unemployment rate actually rises for a time rather than immediately falling. This is commonly referred to as a "jobless recovery". There are 2 reasons for this strange phenomenon occurring. What are the 2 reasons? Explain. (Hint: Refer to the Extra PPT on Unemployment and Chapter 6 of the course text! You could also do an Internet search for "What is a jobless recovery?"!)

Additional questions to answer within this question:

Do ALL unemployed workers IMMEDIATELY find jobs when recovery begins? Why or why not?

Do some firms automatically hire new recently unemployed workers or do some have existing
workers who were not unemployed work more hours to increase production?

Do ALL“discouraged workers” who had left the labor force (and hence are NOT counted as
unemployed since they’re NOT actively looking for work) get jobs IMMEDIATELY
after coming back into the labor force when recovery begins?

Discuss in depth the pros and cons of carbon pricing and emission permit trading as global climate policies.

1. Suppose that the money supply increases substantially. Explain what happens throughout the following steps.

   Suppose that prior to the increase in the money supply, equilibrium GDP was equal to potential GDP. What type of output gap now exists? If potential GDP does not increase, what will happen to equilibrium GDP in the long run?

   -

   Based on your answers above, can expanding the money supply drive long-run growth? What is this relationship called?

a. XYZ Inc. is accused of being a monopoly. The CEO claims that it’s not a monopoly, arguing that if XYZ were to raise its price it would lose sales. This is because consumers always have the option to spend their money on other goods. Is the CEO’s argument persuasive? Explain (6 pts.)

b. (Unrelated to the above) A monopoly firm is currently maximizing profit, earning economic profit of $10 million per year. It is now successfully sued by a former employee who is awarded $1 million. A manager of the firm argues that to recoup the lost $1 million, the firm needs to raise its price. Do you agree? Explain. (6 pts).

How will the"Public Option" under the Affordable Care Act expansion Joe Biden is proposing impact the “market” specifically for health and medical services? Consider supply and demand.

1. In your own words, explain the difference between internal and external proposals, solicited and unsolicited proposals.

2. Explain how including visuals helps a writer produce a successful proposal.

How will the "Public Option" under the Affordable Care Act expansion Joe Biden is proposing affect the "market" for health insurance? Please consider supply and demand.

In a short essay make clear what you understand to have been the most important constitutional problems that have faced Ukraine since independence.

discuss the process through which an individual's demand curve can be developed and then how a market demand curve can be determined. This involves utility, marginal utility, and indifference curves. Be sure to discuss the process (equating the marginal utility per dollar spent across goods consumed) a consumer uses to achieve maximum satisfaction in consumption aka as the rational spending rule and the concept of diminishing marginal utility (this marginal comparison process is the heart of much of economics). Also be sure to discuss the difference between the income and substitution effect that takes place when the price of good changes (use a good that you consume as an example in your discussion).

explain to me using demand and supply and the market in a stable equilibrium what you would expect to happen to the Florida market for Apalachicola oysters if a harmful algal bloom (HAB) destroyed oyster beds in Texas and Louisiana (Do not research actual oyster markets, consider this as hypothetical). Note that Louisiana and Texas oysters are substitutes for Apalachicola oysters so you need to first think about what happens to the prices for those oysters and then the impact that will have on the market for Apalachicola oysters.

8. According to the AD/AS model, which of the following statements is (are) correct?
(x) Suppose a stock market crash makes people feel less wealthy. The decrease in wealth would cause
people to decrease consumption, which shifts the aggregate demand curve to the left.
(y) If the government provides an investment tax credit to firms that purchase new capital, then investment
will increase and the aggregate demand curve shifts to the right.
(z) An increase in the price level causes households to purchase fewer goods. The AD/AS model illustrates
this as a shift of the aggregate demand curve to the left.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (y) only

10. According to the AD/AS model, which of the following statements about the long-run aggregate supply
(LRAS) is (are) correct?
(x) The long-run aggregate supply curve is determined by the availability of labor, capital, natural resources
and technology.
(y) The long-run aggregate supply curve is vertical and is located at the economy’s rate of output that
occurs when the rate of unemployment is at its natural level.
(z) An increase in the price level does not cause the long-run aggregate supply curve to shift and the price
increase does not cause a change in output in the long run.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (z) only

11. According to the AD/AS model, which of the following statements about the LRAS is (are) correct?
(x) An increase in the money supply will cause the long-run aggregate supply curve to shift to the right
because of the presence of monetary neutrality.
(y) A hurricane, flood or other natural disaster that reduces the availability of resources will cause the LRAS
to shift to the left.
(z) An increase in capital equipment or a technological advance that decreases production costs will cause
the LRAS to shift to the right.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

Use marginal analysis (the comparison of additional/marginal benefit with additional/marginal cost) to create some examples of your own. Good examples of diminishing returns can be observed from nearly all episodes of the reality TV show "Man v. Food" with Adam Richman or Casey Webb . Find one on the web to use in your essay