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Home Question Bank Economics Archive 2025 January 22

Economics Questions from Jan 22,2025

Browse the Economics Q&A Archive for Jan 22,2025, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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Which of the following best describes what we mean by resources in economics? Choose 1 answer: (A) Natural resources like natural gas and trees (B) The factors used to produce goods and services (C) Human resources like workers (D) The ability to handle a situation (E) Monetary wealth Which of the following is NOT a microeconomic question? Choose 1 answer: (A) How is the unemployment rate related to business cycles? (B) What happens to a firm's revenue if they increase a good's price? (C) How does a mother's education influence a child's health? (D) How do labor unions influence wages in the trucking industry? (E) How should a firm respond if it knows a competing firm will advertise? Which of the following best describes what we mean by resources in economics? Choose 1 answer: (A) Natural resources like natural gas and trees (B) The factors used to produce goods and services (C) Human resources like workers (D) The ability to handle a situation (E) Monetary wealth (D) Which of the following is an example of a macroeconomic question? Choose 1 answer: (A) Who are the winners and losers from the imposition of a tax on cigarettes? (B) What is the optimal number of workers for an ice cream shop to employ during the summer months? (C) How many smartphones should Samsung produce this quarter? (D) How will a consumer react if their income decreases? (E) What would be the likely impact of an increase in business taxes on the overall level of inflation in the country? (A) Chip Different cash flow. Given the following cash inflow at the end of each year, value of this cash flow at \( 5 \%, 12 \% \), what is the future \( 15 \% \) interest rates at the end of year 7 ? What is the future value of this cash flow at \( 5 \% \) interest rate at the end of year 7 ? \( \$ \) (Round to the nearest cent.) Discount rate. Future Bookstore sells books before they are published. Today, they are offering the book Adventures in Finance for \( \$ 12.85 \), but the book will not be published for another 2 years. The retail price when the book is published will be \( \$ 26 \). What is the discount rate Future Bookstore is offering its customers for this book? What is the discount rate Future Bookstore is offering its customers for this book? \( 42.24^{\%} \% \) (Round to two decimal places.) a. Invest \( \$ 420.00 \) and receive \( \$ 723,77 \) in 10 years. b. Invest \( \$ 3,200,00 \) and receive \( \$ 11,961,43 \) in 17 years. c. Invest \( \$ 31,740.42 \) and receive \( \$ 120,000.00 \) in 20 years. d. Invest \( \$ 33, \$ 64.54 \) and receive \( \$ 1,200,000.00 \) in 30 years. a. What annual rate of return will Keiko earn if she invests \( \$ 420.00 \) today and receives \( \$ 723.77 \) in 10 years? 5.59 '96 (Round to two decimal places.) b. What annual rate of return will Keiko earn if she invests \( \$ 3,200.00 \) today and receives \( \$ 11,961.43 \) in 17 years? \( \square 96 \) (Round to two decimal places.) Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces. a. Invest \( \$ 420.00 \) and receive \( \$ 723.77 \) in 10 years. b. Invest \( \$ 3,200.00 \) and receive \( \$ 11,961.43 \) in 17 years. c. Invest \( \$ 31,740.42 \) and receive \( \$ 120,000,00 \) in 20 years. d. Invest \( \$ 33,864.54 \) and receive \( \$ 1,200,000.00 \) in 30 years. a. What annual rate of return will Keiko earn if she invests \( \$ 420.00 \) today and receives \( \$ 723.77 \) in 10 years? (Round to two decimal places.) Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of returr choice produces. a. Invest \( \$ 420.00 \) and receive \( \$ 723.77 \) in 10 years. b. Invest \( \$ 3,200.00 \) and receive \( \$ 11,961.43 \) in 17 years. c. Invest \( \$ 31,740.42 \) and receive \( \$ 120,000.00 \) in 20 years. d. Invest \( \$ 33,864.54 \) and receive \( \$ 1,200,000.00 \) in 30 years. a. What annual rate of return will Keiko earn if she invests \( \$ 420.00 \) today and receives \( \$ 723.77 \) in 10 years? \( \% \) (Round to two decimal places.) 1.1.1. Which one of the following is not a function of money? A. Store of value B. Unit of account C. Medium of exchange D. Promissory note 1.1.2. This is a general plan of action to sell more products. A. Market research B. Target market C. Marketing strategy D. Advertising 1.1.3. Which of the following statement is NOT true about types of goods: A. Free goods are goods which are freely available and not scarce. e.g., Air B. Consumer goods and services are produced to C. Semi-finished goods are those goods that are used to make other products, for satisfy our needs and wants example steel used to make metal. D. Economic goods are freely available on the market. 1.4. Which of the following statement is not true about different types of consumer goods: A. Are goods and services that are produced to satisfy our needs and wants. B. Non-durable are no longer available once you have used them, e.g. food and water. C. Semi-durable consumer goods last for ever. D. Durable consumer goods are used over and over, e.g. furniture, car 1.5. One of the following is not a factor that can improve productivity a Better education and training
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