Which of the following groups has had declining labor force participation over the past 30 years?
A. Women
B. Men
C. Teenagers
D. Americans
Answer: C
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Refer to the graph shown.We can conclude from the diagram that:
A. Norstrilia has a comparative advantage in both goods. B. Norstrilia has a comparative advantage in manufacturing and Graustark has a comparative advantage in agriculture. C. Norstrilia has a comparative advantage in agriculture and Graustark has a comparative advantage in manufacturing. D. Graustark has a comparative advantage in both goods.
Suppose a monopoly firm has an annual demand function of Qd = 20,000 - 250P, annual variable costs of VC = 16Q + 0.002Q2 and marginal cost of MC = 16 + 0.004Q, where Q is the annual quantity of output. In addition, the firm has an avoidable fixed cost of $25,000 per year. If this firm maximizes its profit, what is the value of the consumer surplus in the market?
A. $121,000 B. $60,500 C. $136,125 D. $0
If you were the Chairman of the Fed and faced inflation, you would most likely
a. increase commercial bank reserves by raising the discount rate b. increase commercial bank reserves by buying government securities c. decrease commercial bank reserves by lowering the discount rate d. decrease commercial bank reserves by selling government securities e. decrease commercial bank reserves by lowering the legal reserve requirement
if usda estimates that expected corn-based ethanol production will increase, this is expected to:
a) increase estimated "use" of corn (in the current crop year) b) increase estimated "supply" of corn (in the current crop year)