QUESTI 10 points Save Answer What is the difference between the shutdown decision and the investment decision? Why is it acceptable to produce at a loss in the short run and not the long run? TTTArial 3 (12pt)

You obtain the following estimates for an AR(2) model of some returns data yt = 0.803yt_1 + 0.682yt_2 + ut Where ut is a white noise error process. By examining the characteristic equation, check the estimated model for stationarity.

If, in year 1980, $1 = 1.5 euro, and in 1987, $1 = 0.9 euro, which of the following statements would be true? 1) greater Americans will buy European cars. 2)) Less Europeans will visit United States. 3) greater Americans will visit Europe.

Chapter 9 Table below shows the data for four mutually exclusive alternatives. Which alternative would you recommend if the life of 6 years and MARR is 10%? 3. Alt. D Do nothing $0 $0 s0 Alt C Alt.B$120 $340 $100 Alt A EUAB SV Initial cost $560 $140 $40 $40 $0

If additional dollars of public spending (G) are exactly matched by additional dollars of taxation (T) increases in a less than fully-employed economy, the effect is most likely to be: A) Inflationary. B) Contractionary. C) Expansionary. D) None of the above.

Question 18 (3 points) Long-run equilibrium in perfect competition and in monopolistic competition are similar because, in both, firms: make zero economic profit. O have excess capacity. O produce at the minimum point of the average total cost curve. Oset price equal to marginal cost.

Which of the following are reasons given in support of trade barriers? Choose one or more: A. stabilizing the interest rate B. protecting infant industries C. regulating natural monopolies D. preserving national security E. fighting against dumping of goods by foreign suppliers F. lowering prices for U.S. consumers

201 V/J (Choi – Summer 2020 – Introductior iples 2 A rightward shift in the supply curve indicates ut of Select one: a that more demanded at each price bilan increase in the quantity supplied at each price hatan mereas come se na the quantity demanded at each price da den the antichi the demandes mand must equal supply).

than those in Hong Kong. Canada’s production 3) In 1966, the production possibilities per person in Canada were Between 1966 and 2016, Hong Kong’s production possibilities have possibilities. a) smaller; expanded more quickly than b) smaller; not expanded as quickly as c) greater; not expanded as quickly as d) greater; expanded more quickly than

Explain why the excess burden of a lump-sum tax will always be zero. Why is the payroll tax not a lump-sum tax? Show how a payroll tax affects the wages paid by employers and received by workers, assuming that it is withheld from their paychecks. Assuming that the supply of labor is not perfectly inelastic, show how the excess burden can be measured.

The estimated annual cash flow of an investment project along with associated probabilities are given below. Determine the expected present worth of this annual cash flow series at an interest rate of 11% per year. Year P = 0.5 P = 0.4 P = 0.1 0 ($57,000) ($59,000) ($57,500) 1 $3100 $3000 $3100 2-6 $3250 $3000 $3100 7 $3400 $6000 $3100