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Question about Economics Multiple Choice Questions
If supply decreases along a given demand curve,a. an excess quantity demanded will be created, increasing the equilibrium price and causing equilibrium quantity to fallb. an excess quantity supplied will be created, lowering the equilibrium price and causing equilibrium quantity to risec. an excess quantity demanded will be created, raising the equilibrium price and quantityd. an excess quantity supplied will be created, lowering the equilibrium price and quantitye. price will fall, shifting the demand curve outward, raising the equilibrium quantity
Fiscal policy focuses on manipulatinga. aggregate demand to smooth out business fluctuationsb. aggregate supply to smooth out business fluctuationsc. both aggregate supply and aggregate demand to smooth out business fluctuationsd. aggregate demand to stimulate the economy and aggregate supply to contract ite. short-run aggregate supply to stimulate the economy and aggregate demand to contract it
Illustrate what is the practice by a monopolist of charging each buyer the highest price.
Testifying at a price fixing trial involving Cargill Corp. and the market for chicken growth hormone, (in which the Cargill is one of only three firms worldwide), an executive for Perdue said
Assume that two individuals have the similar tastes and the same initial endowments. What can you say about the efficiency of the allocation.
Assume her estimated selling price is lower than originally projected. How much revenue would she need in order to earn a positive accounting profits.
Given the industry's concern that workers shirk, they start employee at $10 and increase the pay by $0.40 each year they are on the job.
Describe various goods you either buy or sell at your workplace that are price elastic.
Associate a current event article which relates to government regulations or antitrust activities.
The BLS estimates that in 2002, the number of working-age adults was 211.9 million, labour force was 141.8 million, and the total number of employed was 135.1 million. Calculate the following:
Illustrate the main kinds of information and data needed in order to evaluate a capital.
If the minimum salaries is set above the equilibrium salary, does this make a shortage or a surplus of labor, or does it create a lower wage rate
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
A symetric information can have deleterious effects on market outcomes. Discuss a few tactics that managers can use to overcome these problems.
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