Economics

Chapter 4 Equivalence for Repeated Cash Flows North Carolina State University Chapter Outline n Uniform Series Compound Interest Formulas Cash Flows That Do Not Match Basic Patterns Economic Equivalence Viewed as a Moment Diagram Relationships Between Compound Interest Factors Arithmetic Gradient Geometric Gradient n Spreadsheets for Economic Analysis Compounding Period & Payment Period Differ Learning Objectives n Solve problems using ...

Table of Content Part 1 The Power of Economics 1 Economics and Life 2 Specialization and Exchange Part 2 Supply and Demand 3 Markets 4 Elasticity 5 Efficiency 6 Government Intervention Part 3 Individual Decisions 7 Consumer Behavior 8 Behavioral Economics: A Closer Look at Decision Making 9 Game Theory and Strategic Thinking 10 Information 11 Time and Uncertainty Part 4 Firm Decisions 12 The Costs of Production 13 Perfect Competition 14 Monopoly 15 Monopolist Competition and O...

Real Econometrics - Chapter 1 True and False Questions: 1. True or False: The dependent variable is the outcome of interest. 2. True or False: X1 is the slope coefficient in the following model Yi = B0 + B1X1i + ei. 3. True or False: Yi=B0+10X1i+ei, a 10 unit increase in X1 is expected to lead to a 1 unit increase in Y. 4. True or False: An independent variable is endogenous if changes in it are related to factors in the error term. 5. True or False: In randomized experiments we determ...

CHAPTER 2 ESTIMATING ENGINEERING COSTS AND BENEFITS Reference: Table 1 Tech Engineering in TN is making a product for the overseas market. The following cost data for the product has been compiled. Item Cost Selling price $167 Materials and purchased parts $25/unit Direct Labor 2 hrs at $20 per hour Fixed Cost $1,400,000 2.1. If the overhead expenses are charged at 80 % of labor cost, determine the manufacturing cost per unit. A) $72 B) $97 C) $65 D) None of these ...

International Economics, 6e (Gerber) Chapter 2 International Economic Institutions Since World War II 2.1 Introduction: International Institutions and Issues Since World War II 1) Institutions are A) the same thing as organizations. B) associations of individuals or groups. C) always embodied in a written set of rules. D) a set of rules governing behavior, whether written or not. E) only relevant on international issues. Answer: D Topic: Introduction: International Institutio...

CHAPTER 1: Introduction to Macroeconomics MULTIPLE CHOICE 1. A central topic of study in macroeconomics is ________, while a central topic of study in microeconomics is ________. a. the cosmos; particle physics b. the overall performance of an economy; an individual market c. an individual market; the overall performance of an economy d. the performance of international trade; the individual firm e. consumer behavior; firm behavior ANS: B DIF: Easy REF: 1.1 TOP: I. MSC: Remember...

Chapter 1 Test Bank Multiple Choice Questions 1. In countries like _____________ the command economy predominates. A. China and Vietnam B. Cuba and North Korea C. South Africa and Kenya D. Germany and France Answer: B Reference: Explanation: Type: Multiple Choice Difficulty: Medium Category: Remember 2. In which of the following countries will the national government have the greatest influence with respect to the nation's economy...

Economics of Money, Banking, and Financial Markets, 5e (Mishkin) Chapter 2 An Overview of the Financial System 2.1 Function of Financial Markets 1) Every financial market has the following characteristic. A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders. Answer: D Ques Status: Previous Edition AACSB: Reflective Thinking 2) Financial markets ha...

True / False 1. By definition, monopolists sell a product for which there are absolutely no substitutes. a. True b. False ANSWER: False 2. Legal barriers to entry include patents, government licenses and economies of scale. a. True b. False ANSWER: False 3. The single-price monopolist produces the quantity of output at which marginal cost equals marginal revenue and charges a price that is greater than marginal revenue. a. True b. False ANSWER: True ...

True / False 1. A decrease in unemployment causes the PPF to shift outward (to the right). a. True b. False ANSWER: False 2. The law of increasing opportunity cost results from the varying ability of resources to adapt to the production of different goods and it helps to explain why production possibilities curves are typically bowed outward. a. True b. False ANSWER: True 3. Production possibilities frontiers (PPFs) can shift outward, but they do not shift inwa...