Does a change in the fed funds rate really have an actual direct monetary influence on the markets or is it nothing more than a perception? Explain please
In: Economics
Name and explain three serious problems associated with consumer interviews or surveys. Give an example of each one.
In: Economics
The Civil Rights Movement achieved all of the following EXCEPT:
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A. |
reparations payments to the descendants of slaves |
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B. |
the Voting Rights Act of 1965, which gave the federal government the right to strike down state voting regulations that were deemed discriminatory |
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C. |
the gradual end of official racial segregation in schools |
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D. |
the Civil Rights Act of 1964, which prohibited racial discrimination in hiring and in providing public accommodations |
In: Economics
Suppose the demand curve for a product is vertical and the supply curve is upward sloping. If a unit tax is imposed in the market for this product, A. buyers bear the entire burden of the tax. B. buyers share the burden of the tax with government. C. the tax burden will be shared equally between buyers and sellers. D. sellers bear the entire burden of the tax.
Explain how a downward-sloping demand curve results from consumers adjusting their consumption choices to changes in price. A. When the price of a good rises, the budget constraint shifts outward, leading consumers to buy less of that good. B. When the price of a good rises, the marginal rate of substitution changes, leading consumers to buy less of that good. C. When the price of a good rises, this causes a negative income effect that is larger in absolute value than a corresponding positive substitution effect, leading consumers to buy less of that good. D. When the price of a good declines, the ratio of the marginal utility to price rises, leading consumers to buy more of that good. E.
When the price of a good declines, this causes positive substitution and income effects, leading consumers to buy more of that good. What is the difference between technology and technological change? A. Technology is when a firm is able to produce the same output using fewer inputs, while technological change is the process of using inputs to make output. B. Technology is the development of new products, while technological change is when a firm is able to produce the same output with fewer inputs. C. Technology is the process of using inputs to make output, while technological change is when a firm is able to produce more output using more inputs. D. Technology is the process of using inputs to make output, while technological change is when a firm is able to produce the same output using fewer inputs. E. Technology is the development of new products, while technological change is when a firm is able to produce more output with the same inputs.
A country that imports a substantial amount of gasoline every year imposed a $1.2 per gallon excise tax on gasoline, to be paid by sellers. The equilibrium price of gasoline prior to the tax was $4 per gallon. Gasoline being a necessary good, its demand curve is steep and the consumers had to bear the bulk of the tax burden. The post-tax price of gasoline went up to $5 per gallon, causing the country's media to claim that it was unfair that people should have to pay so high a price for such an important consumption item. They further believed that such a high tax was inefficient and could not be justified. Which of the following inferences can be drawn from this information? A. The sellers bear 1.2 percent of the entire tax burden. B. The consumers are bearing the entire burden of the tax. C. The burden on consumers would reduce if the tax was imposed on them, rather than the sellers. D. The sellers of gasoline now receive 20 cents less than the pre-tax price. E.
The deadweight loss of the tax is very high. If total utility increases at a decreasing rate as a consumer consumes more coffee, then marginal utility must A. remains constant. B. be negative. C. increase also. D. decrease.
In: Economics
A student borrowed a total of $120,500 from the living expenses loan under FASP. Assuming th annual interest rate is 1%, calculate the quarterly installment amount if she wants to pay off the debt in 5 years after graduation.
Need formula and answer only. Thanks.
In: Economics
A student applied for NLSPS to pay for his tuition in year 2, year 3 and year 4 of his undergraduate study. The tuition fee is $74,000 per year. Assuming the annual interest rate and the study interest rate are both 1.1132%, calculate the monthly installment amount to pay off the dent in 120 months after graduation.
Need formula and answer only. Thanks.
In: Economics
I. Suppose the inverse demand function for a monopolist’s product is given by ? = 150 − 2? and the total cost function is given by ?? = 100 + 30?
1. Determine the profit-maximizing price and quantity
2. Determine the maximum profits
II. Suppose the inverse demand function for a monopolistically competitive firm’s product is given by
? = 100 − 2?
and the cost function is given by ?? = 52 + 4?
1. Determine the profit-maximizing price and quantity
2. Determine the maximum profits.
In: Economics
Suppose the government is trying to decide whether to tax pollution units or distribute pollution permits. Graph each scenario. Which do you think would be more effective in reducing pollution?
In: Economics
In: Economics
Please Use your keyboard (Don't use handwriting)
Econ
I need new and unique answers, please. (Use your own words, don't copy and paste)
Q: how supply, demand, and prices affect the auto industry. includes: supply and demand, public spending and the outcome.
In: Economics
How does the minimum wage affect efficiency and equity in the labor market?
In: Economics
My opinion about topic, group and presentation
My opinion about topic :
This subject very interesting and useful for me. I have been wanting to study this field for a long time but due to I was busy at university and so on, I could not. When I saw this subject on the table, I was surprised and chose to read and make report for it. Such studies, which paly an important role in my life, are very important for me. in addition to studying, also occasionally work in business like buying and selling flowers online. So this study help me to understand my work as much as possible.
My opinion about group :
I think I had a very good group( Ahsan, Abdelhamid and me). As the members of group followed all the necessary rules, there was no annoyance. The most important rule is respect to each other is that we all followed. The team did things on time and we all helped each other to give a very good presentation. My opinion about presentation : The only problem we had was how we going to present online. Since this was the fist time so strange to us. Since the teacher activated all necessary voting options for us on the blackboard, all our worries were resolved and we tried our best to present the presentation.
Requirement : Correct this text
In: Economics
The lamp industry is perfectly competitive. The price of a lamp is $50. A representative firm’s cost function is TC=1000+20Q+5Q2.
h. What output for the representative firm will minimize ATC?
(hint: use solver or find by solving MC=ATC, or if you are calculus
whiz find ATC’=0)
i. Is the lamp industry in equilibrium? Why or why not?
j. Suppose total industry demand at P=$50 is 3000. How many firms
are operating in the industry?
k. What would you expect to happen to future firm population in the
lamp industry?
l. What would you expect to happen to future price in the lamp
industry?
m. What industry price will result in LR industry equilibrium?
In: Economics
Predict the impact of each scenario described below on the labor market. Assume the labor market is originally in equilibrium, and then each scenario happens independently. (In other words, only a) happens; then only b) happens. Do not put them all on one graph or accumulate their effects.) Draw the labor market graph originally in equilibrium. Either denote movement(s) along or shift(s) in appropriate curves. Note whether employment and wages will increase or decrease.
c. The firm is a monopsony. The state passes a competency test on potential employees.
In: Economics
1.Which of these statements describes an economy’s stock of human capital?
A.Number of hours worked per year.
B.Number of engineering degrees held by workers
C.Value of the production per type of worker.
2.Which factors would increase the aggregate production function?
A.Aging airport facilities that cause flight delays.
B.Restrictions on immigration.
C.A robot that fills up prescriptions faster and more accurately than pharmacists.
3.Which of the following would NOT directly result in capital deepening?
A.Increase in quality of physical capital.
B.Increase in quantity of physical capital.
C.Increase in amount of labor available to businesses start ups.
In: Economics