Q1. Factors causing demand shift to the right:
1) An increase in Income to buyers, in disposable income enabling consumers to be able to
afford more goods. Higher income could occur for a variety of reasons, this increases
purchasing power of the buyers.
1. Suppose that the U.S. government increases its expenditure on highways and bridges by $100
billion. Explain the effect that this expenditure would have on aggregate demand and real GDP.
A demand side fiscal stimulus is an increase in government spendin
Suppose you deposit $2900 cash into yuurchecking amount. Ely how much will checking deposits in the banking system inn-ease as a result when the required reserve ratio is 0.40?
The change in checking deposits is equal to: 5 5.000 (emeryour result rounded
@ Multiple Choice Quiz 5 a easier. Heip
The US. iarion paper the US. price ofpaper. US. producijon cfpaper and the us. gainsfrom h'ade.
VA. raises; increases; decreases
B. doesnt change; doesnt change; decreases
C. doesn't change; increases; increases
@ Checkpoint 3 Test B 1
The graph shows Spain's demand iorand supplgiI oforanges.
The wond price oforanges is 1.00 a pound.
Suppose mat the government depain imposes a tariof
0.50 a pound on oranges imported into Spain.
Drawa line to showme pnoe oforanges
The graph shot-is the ma rkettororanges. Price cfw_dollars perpmnd a
1il'll'hat is the equilibrium price and the equilibrium quantityI oforanges?
The equilibrium pn'ce oforanges is$ 3.00 a pound and the equilibrium quantityof 5-00 S
oranges is 4.0 bil
The graph shows the U.S.supipl1,r ofcotton, US. demand forcotton, and the mrid price of Price cfw_dullam perbale a
The total surplus in the United States from cotton when the United States does not trade
The table shows the demand and supplysohedules for oncampus housing.
Ifihe college puts a rent ceiling on rooms of$? a month, rent is $ 65:- and the Rent demanded supplied
number of rooms rented is W50. Ema Permn'm" cfw_Fmsl
SD Checkpoint 1 News 1 Question Help cfw_1'
Read the news clip, then answerthe following duesljon. Underwater oildiscovery to transform Brazil intoa major exporter
Brazil has changed from a country that have a comparative advantage in The discovery ofa hu
The graph shot-is the demand toroncampus student housing at
Florida State UniversityI in Tallahassee. The college has 6,000 rooms for rent
The equilibrium rent is 100 aweekand 6000 rooms are rented.
lithe college sets a rentceiling on oncampus housing of
In lhe African naljon ofSenegal, to enroll in school a child needs a Birth Cerljcale lhal costs $25. This price is several week's income for manyfamilies.
Because ofihis reouirementwe would expectto see
A. an increase in the human capital ofgirls and wome
@ Multiple Choice Quiz ?
The people who support restricted international trade sa1.r that
A. outsourcing senosjoos aoroao, which brings diversication and makes our economy.r more stable
B. protection savesjoos, in both the US. and foreign economies
The graph shows the marketiorraspberries. Prioecfw_dollatsperpouru1 a
The government inh'oduces a price supportior
raspberries and sets the support price atSSIJEJa pound. 12
gain from the price supportand lose from the price support
. A. Consumers
@ Checkpoint 1 Problem 2 5. Guesiion Help
Suppose mature world price ofsteel is$100 a ton; India doesnoliIade internaijonally; and lire equilibrium price ofsteel in India is$60 a ton.
Suppose mat India nowbeginsto trade inlernaijonally.
The price ofsteel
@ Checkpoint 1 Problem 1 a Question Help
Suppose thatlhe world price ofsugaris10 cents a pound;lj'1e United States doesnottrade internationally, and me U.S. equilibrium price ofsugar i520 cents a pound.
The United States then beginsto lJ'ade international
The graph shows me demand torchcampus student housing at Rewind-alias perweek a
Florida State University in Tallahassee. The university has 8000 reams torrent 1?5
lfa black market develops as a resultefa rentceiling set at$125 a week, the rents
WhiCh otthe entries in the list oeloware capital goods?
An interstate high1i'ra1ir
A pack ot'ouoole gum
President ofthe United States
not a ca
Asemiconductor is a kev component in vour laptop, cell phone, and iPod. The table
provides information aboutthe marketiorsemiconductors in the United States.
Producers ofsemiconductors can get$18 a unit on the world market.
With no international trade, wh
Thetop gure showthe U.S. markettorshoes and the bottom gure shows Brazil's US. Shoe Market a Brazil's Shoe Market
markettorshoesifthere is no trade between the United States and Brazil. Prioeldollars perpair Prioetdollars perpair
has a comparative advanta
The graph shows the market for apartments in Corsicana, Texas. Rent cfw_dollars permmh
little city' government imoosesa rentoeiling of$1,200 a month, what is the rentano how
mam,I apartments are rented in Corsicana, Texas? 2500
> Remembertttatthe quan
Read the news clip, then answerthe following question. Poor India makes millionaires at fastest pace
Whitr might incomes oi$1 a day.r and $2 a day.r underestimate the value ofthe goods and India, with the world's largest population otpoor people, also par
The graph shows me marketiorapple pickers in New England. Wage ratecfw_dnllas perhou' Q
What is the equilibrium wage rate and me equilibrium quanijty oipiokers employed?
The equilibrium wage rate ofapple pickers is $12.00 an hourarld the equilibrium
The supply ofluxury boats is perfectly elale'c, the demand for luxury boats is unit elastic, and with no tax on luxury boats, the price is$2 million and 250 luxury boats a week are
Nowluxury boats are taxed at 10 percent.
Aerthe tax is imposed. the
The graph shows the markett'orapartments in Dayton, Ohio. Suppose there is a stJ'ictji,I
enforced $600 rentceiling in this market
With the rentceiling, the housing market is
A. efcient because the marginal costofthe lastaparb'ne nt rented is greaterthan
The table shouts the demand and suoolgir schedules for on-camous housing.
lfthe college puts a le'iclji,r enforced rent ceiling on rooms of$500 a month, rent is Rent demanded supplied
33 500 and the number ofrooms rented is 4500. cfw_dD
Indicate aiithe items in the following Iistthat are notfactors ofproduction and explain why.
Item a: Vans used by a bakerto deliver bread
Item b:1,UUU shares ofAmazon.com stock
Item c: Undiscovered oil in the Arctic Ocean