individual subscription for its continued existence. These notes are copyrighted by the University of California and are for your personal use only. LECTURE: ICLICKER QUESTIONS/ANSWERS: 1.) The Fed can reduce the money supply by reducing: the monetary base. 2.) The money supply would shrink by the greatest amount if the public increased their currency holding ratio and the banks increased their excess reserve ratio. 3.) If the Fed wanted to increase the money supply without using open market operations
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quantity is indeterminate. Correct Answer: a. Price will increase‚ quantity is indeterminate (may increase or decrease). Response Feedback: Make sure you draw demand and supply curves and shift them based on information given. • Question 3 1 out of 1 points A Blue Ribbon Committee has decided that the amount of acid rain should be reduced and is trying to determine the optimal level of reduction. There are benefits from reducing acid rain (reduced loss of wildlife and forest‚ better
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ECO 561 Economics March 12‚ 2012 Abstract The following paper discusses a business proposal on hair extensions. The proposal will include profit maximization strategy‚ how to increase revenue‚ entry into the market. The proposal will also look at product differentiation and the mix of pricing and non-pricing strategies to increase revenue as well as pricing and non-pricing strategies for hair extensions under the current business cycle in the United
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A311: Final Exam Review Chapter 10 1. Interest Capitalization Delmar Corporation borrowed $200‚000 at 12% interest from state Bank on January 1‚ 2013‚ for the specific purpose of constructing special-purpose equipment to be used in its operations. Construction on the equipment began on 1/1/13‚ and the following expenditures were made prior to the project’s completion on 12/31/13: Expenditures Made in 2013 January 1 $100‚000 April 30 150‚000 November 1 300‚000 December 31 100‚000 Total Expenditures
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available technology‚ as they use more of their resources for corn production‚ there are fewer resources available for breeding poultry. Maximum annual output options Quantity of Corn (pounds) Quantity of Poultry (pounds) 1 1200 0 2 1000 300 3 800 500 4 600 600 5 400 700 6 200 775 7 0 850 1. Examine the following production possibility frontier graph with corn on the horizontal axis and poultry on the vertical axis illustrating these options and showing points 1–7.
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slope upward. Answer: C 2) An increase in the price of pork will lead to A) a movement up along the demand curve. B) a movement down along the demand curve. C) a rightward shift of the demand curve. D) a leftward shift of the demand curve. Answer: A 3) An increase in consumer incomes will lead to A) a rightward shift of the demand curve for plasma TVs. B) a movement upward along the demand curve for plasma TVs. C) a rightward shift of the supply curve for plasma TVs. D) no change of the demand curve
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Taiwan‚ China and even Germany. It keeps expanding itself by improvements as well. For example‚ it replaced plastic screens by glass screens in 2004. Secondly‚ the fact that globalization has made the rules less strict‚ it becomes easier for Apple to set up factories in different countries. Thirdly‚ Apple also uses the competitive advantages of foreign locations. For example‚ this place is an expert of manufacturing particular device then Apple can give this certain task to it and ensures the high quality
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Suggested Answers for Tutorial 8 [Team B] Chapter 31 3. a. When an American art professor spends the summer touring museums in Europe‚ he spends money buying foreign goods and services‚ so U.S. exports are unchanged‚ imports increase‚ and net exports decrease. b. When students in Paris flock to see the latest movie from Hollywood‚ foreigners are buying a U.S. good‚ so U.S. exports rise‚ imports are unchanged‚ and net exports increase. c. When your uncle buys a new Volvo‚ an American is buying a
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SECTION 3 What Factors Affect Supply? OBJECTIVES KEY TERMS TA K I N G N O T E S In Section 3‚ you will change in quantity supplied‚ p. 146 • explain the difference between change in quantity supplied and change in supply change in supply‚ p. 148 • understand how to determine a change in supply technology‚ p. 149 As you read Section 3‚ complete a chart like this one showing each factor that causes change in supply. Use the Graphic Organizer at Interactive Review @ ClassZone.com • identify
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The Power of Markets: Who feeds Paris? Two basic assumptions that economists make about individual and firms are that all individuals act in a way to make themselves as well- off as possible. For example‚ individuals make the best use of their utility and skill‚ so they can earn more money. The second assumption is that firms always try to maximize the money they earn. For example‚ if an entrepreneur had two business choices that he could make‚ he would pick the business choice that he thinks
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