1.) An example of externality… c. pollution from a factory on the health of people in the vicinity of the factory 2.) The fact that the different countries experience different standards of living is largely explained by differences those countries. b. productivity levels 3.) In the short run which of the following rates o growth in the money supply is likely to lead to the highest level of unemployment in the economy? A. 1 percent 4.) A company that formerly produced software went
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ANSWER KEY Chapter 1 Chapter 1–1 II.D. the accumulation of those economic products that are tangible‚ scarce‚ useful‚ and transferable 1. scarcity of resources‚ which results from society not III.A. the market having enough resources to produce all of the things people would like to have III.B. the markets in which productive resources are bought and sold 2. A need is a basic requirement for survival and III.C. in product markets IV.A. the amount of output
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WileyPLUS Chapter Two Copyright © 2009 John Wiley & Sons‚ Inc. All rights reserved. WileyPLUS Chapter Two SUMMARY OF STUDY OBJECTIVES 1Identify the sections of a classified balance sheet. In a classified balance sheet‚ companies classify assets as current assets; long-term investments; property‚ plant‚ and equipment; and intangibles. They classify liabilities as either current or long-term. A stockholders’ equity section shows common stock and retained earnings. 2Identify and compute ratios
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Definition of managerial economics 7 1.2 Choice and opportunity cost 9 2.0 Basic concerns of economics 9 3.0.0 Theories of economics 12 3.1.0 The theory of demand 13 3.1.1 Tastes 14 3.1.2 Number of buyers 14 3.1.3 Income 14 3.1.5 Expectations 15 3.2 The theory of supply 16 3.3 The theory of production 16 3.4 The theory of price( in government) 17 3.5 The theory of consumer behaviour 17 3.5.1 Rational behaviour 17 3.5.2 Preferences 17 3.5.3 Budget constraint 18 3.5.4 Prices 18 4.0 Managerial Economics and Economic
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C) Increasing government spending D) Increasing taxes on capital goods Answer: A 2) Assume that the full-employment level of output is $5000 billion and the natural unemployment rate is 5%. Suppose the current unemployment rate is 8%. What would be the current level of output according to Okun’s law (when the Okun’s law coefficient is 2)? A) $4500 billion B) $4700 billion C) $4900 billion D) $5300 billion Answer: B 4) Endogenous growth theory attempts to A) replace the Solow model
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the t-statistic for testing the null hypothesis of the regression coefficient? Choose one answer. | a. 2 | | | b. 0.5 | | | c. 5 | | | d. 1 | | Correct Marks for this submission: 1/1. Question 2 Marks: 1 Given the demand function in log-linear form: Q = 120 - 1.5P + 12ADV where Q = quantity‚ P = price‚ and ADV = advertising expenditures‚ what is the price elasticity? Choose one answer. | a. -1.5‚ elastic | | | b. 1.5‚ inelastic | | | c. 12‚ elastic | | |
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CHAPTER 13 PROPERTY TRANSACTIONS: DETERMINATION OF GAIN OR LOSS‚ BASIS CONSIDERATIONS‚ AND NONTAXABLE EXHANGES SOLUTIONS TO PROBLEM MATERIALS | | | | |Status: | Q/P | |Question/ |Learning | | |Present |in Prior | |Problem |Objective |Topic
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financial benefits is called copital budgeting‚ which may be defined as decision making process by which organization evaluate the projects that include the purchase of major fixed assets such as machinary ‚ building‚ and equipments. So there are two main catagories of selection of project‚ 1-Financial model 2-Non- financila model FINANCIAL METHODS: In financial maethod we determine the capital budget of the project. In capital budgeting following techniques are used‚ 1-Pay back period
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in 1987 and completion achieved in 1992. The First Program called for the addition of 58‚800 exchange lines of capacity‚ a 60% increase over the system capacity available at the end of 1979. It also called for the provision of public telephones in two hundred previously unserved locations‚ urban and rural. The Second Program stressed the
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Introduction to Economics and the Economy 1. Limits‚ Alternatives‚ and Choices © The McGraw−Hill Companies‚ 2009 IN THIS CHAPTER YOU WILL LEARN: 1 The definition of economics and the features of the economic perspective. 2 The role of economic theory in economics. 3 The distinction between microeconomics and macroeconomics. 4 The categories of scarce resources and the nature of the economizing problem. 5 About production possibilities analysis‚ increasing opportunity costs‚ and economic growth. 6
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