ENGN9 final exam
a) There are many factors that would influence the buyers decision. Firstly, a buyer
would be more inclined towards a brand that theyve heard of before or has already
established itself in the
5. Do the actions of the World Trade Organization indicate an international conspiracy against
the United States?
Although the WTO has ruled against the United States on several occasions, it has also ruled
for the U.S. on several occasions. I
the trough of a business cycle.
the contraction phase of a business cycle.
the expansion phase of a business cycle.
the peak of a business cycle.
57. Real GDP will be smallest during:
a. the trough of a business cycle.
b. the con
30. Refer to Steaks. Based on the above information, Big Sky Country should:
a. specialize in the production of steak.
b. specialize in the production of beer.
c. produce both goods for its own consumption because Pure Water will be unwillin
3. Refer to Labor Force. Calculate the unemployment rate to the nearest hundredth.
The unemployment rate is 2.34 percent [(18,000/769,000) 100].
4. Suppose the number of people aged 16 - 65 is 4,000,000. The number of these individuals
14. Which of the following is not an option for how to allocate the federal budget surplus?
a. Cut taxes
b. Increase government spending
c. Reduce the national debt
d. All of the above are options.
15. An increase in the United States budget
d. an decrease in aggregate demand and an increase in the price level.
42. If you wish to measure price changes of the goods and services bought by households, you
a. the consumer price index.
b. the GDP deflator.
c. the producer
c. the save American jobs argument.
d. the cheap foreign labor argument.
45. Suppose protectionist measures are passed in attempts to save jobs in the automobile
industry. The most likely result of this action will be to:
a. decrease the ove
b. the personal income tax.
c. state sales taxes.
d. excise taxes.
3. Which of the following is characteristic of Social Security?
a. Its benefits are indexed for inflation.
b. It has historically been a pay-as-you-go insurance plan.
35. Refer to Payroll. Suppose a payroll tax of 7% is imposed. By how much will the wage rate of
the workers fall?
a. Wage rates will not fall.
d. This cannot be determined from the above diagram.
36. Refer to Pay
49. Refer to Diagram 18-1. Suppose that the demand for and supply of dollars is initially D2 and
S2, respectively. If real GDP in the U.S. were to decrease, the effect would be to:
a. decrease the supply of dollars to S1 and increase the exchange rate to
9. The full employment rate of unemployment will change over time as the composition of the
labor force and other factors change.
10. Most economists believe that changes in the unemployment rate over the business cycle are
caused by changes
9. If receipts exceed outlays there
is a budget deficit. ANS: F
10. If outlays exceed receipts there
is a budget surplus. ANS: F
11. Indexing the alternative minimum tax to inflation will have increase the
forecasted deficit. ANS: T PTS:
b. Flexible exchange rates provide a discipline for central banks in their practice of
c. Flexible rates allow central banks the freedom to pursue the whatever policies are
necessary for full employment.
d. Destabilizing speculation is le
c. frictional unemployment.
d. displacement unemployment.
49. An increase in the natural rate of unemployment would most likely result from an increase:
a. in the proportion of the labor force that is 16 - 19 years of age.
b. in the proporti
20. It is generally thought that the earnings penalty will:
a. only have an impact on the number of hours that younger workers are willing to work.
b. have a large negative impact on the number of hours that older workers are willing to
a. The aggregate demand-aggregate supply model shows the relationship between the
money supply, the income velocity of money, the GDP deflator, and real GDP.
b. The equation of exchange shows the relationship between the money supply, the
It is unlikely that oil prices are a cause of inflation. These price increases are relative price
increases. They are greater for goods and services that use a lot of energy, and less for goods
and services that use relatively small amounts of energy
1. Given the following information find the size of the national debt. Prior to 1985 the country's budget
was balanced annually.
Deficits (+) or
Surpluses (-) in
billions of current dollars
ENGN9 Case Report: Manning Electronics
Looking back to the Manning Electronics case discussed in section, the first part of the report is on
how Ms. Manning can raise $250,000 by the end of 2013. Firstly when it comes to p
ENGN9 final exam
4) Operations/ Entrepreneurial management
a) If HMSolutions is acquired by Sayles Solutions, Margaret will gain a huge profit but
she will also face the huge loss of the company that she started and worked
ENGN9 final exam Section Leaders: Imroz Suri, Siya Wahal
Part 2 Strategy
a) The decision of whether or not to merge with Sayles Solutions is pivotal for the
future of HMSolution and either way, the company has the potentia
log: /Users/khulangantumur/Desktop/intro to metrics/stata homework
log type: text
opened on: 14 Mar 2016, 23:32:27
. * OPEN DATASET *
. use lottery_data.dta
end of do-file
. do "/var/folders/_9/cxhjvc491g9cbnbd
log type: text
opened on: 19 Apr 2016, 03:10:27
. * OPEN DATASET *
. use lottery.dta
. * CREATE VARIABLE LABELS *
. label var date "drawing date"
. label var sales "sales
ENGN9 final exam
3) Human relations and organizational structure
a) It is important that HMSolution have an office in Chile if they are selling a significant
number of systems there. The goal is to monitor the operations a
22. The vertical portion of the aggregate supply curve:
a. occurs when the level of output is less than the full employment level.
b. occurs when the level of output is equal to the full employment level.
c. occurs when the only type of unem
60. Suppose real GDP grows by 4 percent over the 1997 - 1998 time period. Over this same
period, the money supply grows at a rate of 3.5 percent. We would expect:
72. Refer to Real GDP. A technological advance is most likely to cause:
a. a shift from AS1 to AS2.
b. a shift from AS2 to AS1.
c. a movement from point A to point B.
d. a movement from point B to point A.
73. Refer to Real GDP. An increase
for BB we can find the basic benefit. Rearranging this equation we find the basic benefit is
BB = B + BRR(NI).
Plugging numbers into this equation we find the basic benefit is $215 ($175 + 0.40(100).
4. Suppose the benefit is $400, the ba
d. noneconomic cost to society.
32. As a result of unemployment, Michelle becomes addicted to alcohol. This is an example of:
a. the noneconomic cost of unemployment.
b. the economic cost of unemployment.
c. the market cost of unemployment.