Tag: Economics – Others

Which of the following costs are most difficult to measure?
A. Missed trade opportunity costs
B. Brokerage commissions.
C. Market impact costs.
D. They are all equally difficult to measure.

Which one of the following would count as investment in the GDP accounts?
a. Purchase of a house built in 1990
b. Purchase of a new airplane by an airline
c. Purchase of a U.S. government bond

Assume the following and calculate the correct answer to two decimals:
C = 100 + 0.45Y
I = 1500 – 0.8r
G = 1600
X = 400
M = 100 + 0.15Y
t = 20%
r = 6%
TT = 5%
Calculate the value of the tax multiplier.
Using c = 0.45, m = 0.15, and t = 0.20, the tax multiplier (for a lump-sum tax) is:
Tax multiplier = -c / (1 – c(1 – t) + m)
Denominator = 1 – 0.45(1 – 0.20) + 0.15 = 1 – 0.45(0.80) + 0.15 = 1 – 0.36 + 0.15 = 0.79
Tax multiplier = -0.45 / 0.79 = -0.57
Answer: -0.57

Balance-of-payment statements are mainly used byMultiple choice question.small-scale industries.self-managed large industrial organizations.private educational institutions.government agencies.

5. The reduction of total surplus resulting from an underproduction or overproduction of a good:
Group of answer choices
Public Good
Public Bad
Negative Externality
Deadweight Loss
None of the above

A consumer spends her entire income on two goods. What happens to her budgetconstraint if, simultaneously, the consumer’s income rises by 30% and the prices of the two goods also rise by 30%?

When the federal government and state government work together to sell problems, what type of federalism is this?Cooperative federalism or new federalism or dual federalism or none of the above

Which three of the following men served as governor of Tennessee in the state’s first 20 years?
Sam Houston
John Sevier
Archibald Roane
Andrew Jackson
Andrew Erwin
William Carroll
Willie Blount

Assume that a price ceiling of $200 has been implemented and that there are wasteful lines and search costs. What is the value of wasteful lines and search costs with a price ceiling of $200?

Between 1950 and 2016 jobs in the United states
A. decreased by 160 million jobs
B. increased by 57 million jobs
C. decreased by 60 million jobs
D. increased by about 150 million jobs