Suppose an economy only produces two goods, robots and ice cream. Last month, the economy produced 10 robots and 200 gallons of ice cream. This month, the same economy produced 15 robots and 240 gallons of ice cream. Which of the following statements could explain this change?
a. This month, the economy reduced the unemployment of its resources.
b. This month, the economy experienced an improvement in technology.
c. This month, the economy experienced an increase in resources
d. All of the above are correct.
d
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If you think that there is a 75% chance of a stock increasing by 8% and a 25% change of it falling by 20%, what is the expected return on the stock? Report using percentages with two decimal places
What will be an ideal response?
Compared to the perfectly competitive outcome, monopolistically competitive markets will result in:
a. a wider variety of products and higher prices. b. less product variety and higher prices. c. a wider variety of products and lower prices. d. less product variety and lower prices.
The principal reason why Thailand, Indonesia, and South Korea feared the effects of appreciation of the U.S. dollar in 1995-1997 was that
a. it would increase exports from these countries and worsen Japanese. b. it would increase exports from these countries and worsen unemployment. c. it would decrease exports from these countries since their currencies were tied to the dollar. d. it would decrease imports to these countries since their currencies were tied to the dollar.
Economists argue that restrictions against ticket scalping actually drive up the cost of many tickets
a. True b. False Indicate whether the statement is true or false