Reference no: EM13800499
1. An economic indicator is __________________ that
A. Suggests the current and future condition and the future direction of an economy
B. Serves to indicate the total amount of goods and services produces within an economy during a given period of time
2. Which of the following are examples of economic indicators? check all that apply
A. The economy's personal finance index
B. The economy's inflation rate
C. The economy's unemployment rate
3. The value of countercyclical indicator moves in the ________ direction as the economy's condition, (same, opposite) whereas the value of procyclical indicator moves In the ______ direction as the economy's (opposite, Same) condition. In contrast, the value of a _______ indicator changes before the economy's condition lagging, leading) improves or worsens.
4. Which of the following statements regarding procyclical, countercyclical and leading economic indicators is corrects? check all that apply
A. An example of countercyclical indicators is an economy's gross domestic product
B. The consumer confidence index, which reflects consumers' optimism about the economy and their willingness to spend, is a leading indicator
C. Two countercyclical indicators are the unemployment rate and the interest rate.
|
Club to engage in third-degree price discrimination
: A private golf club has two types of members. Serious golfers each have an individual demand curve given by = 35 ? .1??, while casual golfers each have an individual demand curve given by ?? = 10 ? .2??. Here, P is the price per round of golf and Q i..
|
|
Government imposed a price ceiling on a monopolist
: Suppose the government imposed a price ceiling on a monopolist. Let denote the price ceiling, and suppose the monopolist incurs no costs in producing output. True or false: If the demand curve faced by the monopolist is elastic at the price, then the..
|
|
Determine the critical z-score for the normal distribution
: The degrees of freedom are used to determine the critical z-score for the normal distribution when calculating a confidence interval. The alternative hypothesis, denoted by H1, represents the opposite of the null hypothesis and is believed to be true..
|
|
Estimates the average age of cars sold for the first time
: AutoTrader.com would like to estimate the number of years owners keep the cars that they purchased as a new vehicle. The following data shows the age of seven vehicles that were sold for the first time by their owners. Using this sample, the 90% conf..
|
|
Examples of economic indicators
: Which of the following are examples of economic indicators? check all that apply. Which of the following statements regarding procyclical, countercyclical and leading economic indicators is corrects? check all that apply
|
|
Compare and contrast two events motivated by incentives
: Compare and contrast two events motivated by incentives, one where the self-interested behavior was good for society and the other where it was bad.
|
|
Order to finance a government-sponsored health plan
: These graphs describe the competitive dynamic model. Suppose that, in order to finance a government- sponsored health plan, the government needs to increase spending by 10%. The government plans to finance the higher spending with an increase in taxe..
|
|
Describe the competitive dynamic model
: Suppose that, in order to finance a government- sponsored health plan, the government needs to increase spending by 10%. The government plans to finance the higher spending with an increase in taxes. As a consequence of this government policy, the ag..
|
|
What is the equilibrium price and quantity-producer surplus
: Assume the demand for balloons is P=40-2Q. The supply is P=3Q. What is the equilibrium price and quantity? What is producer surplus? What is the consumer surplus?
|