Question

Please do all parts. I don't want to hear your as per guidelines stuff. Do if you can do all. Just mention choice that's it. Thank you.

Part 11:

A country that limits imports of a good by restricting the number that be imported is using

		tariffs.
		subsidies.
		non-tariff regulatory barriers.
		quotas.

Part 12:

f a firm's average total cost is always a constant, its marginal cost is

		greater than its average total cost.
		less than its average total cost.
		decreasing.
		equal to its average total cost.

Part 13:

An increase in government spending will cause

		AD to decrease (move to the left).
		AS to decrease (move up and to the left).
		AS to increase (move down and to the right).
		AD to increase (move to the right).

Part 14:

If the rent controlled rent is above the equilibrium, the result will be

		a shortage of rental apartments.
		that landlords will charge more than the equilibrium rent.
		a surplus of rental apartments.
		nothing different than if there were no rent control.

Part 15:

If an investment requires payment of $10,000 now and promises to return a payout of $15,000 one year from now and another payout of $15,000 two years from now, the net present value of the investment at an interest rate of 8% is approximately

		$11,749.
		$5,000.
		$26,749.
		$16,749.

Part 16:

If a competitive firm routinely earns a larger profit than the "normal profit" for its industry,

		new firms are likely to enter the industry, depressing the prevailing market price.
		new firms are likely to enter the industry, pushing up the prevailing market price.
		the firm will continue to earn its "normal profits" far into the future.
		the firm's owners are likely to withdraw from the industry in order to retire early.

Part 17:

If the inflation rate is 2% and the real interest rate is 1%, then the nominal interest rate is around

		-1%.
		3%.
		2%.
		1%.

Part 18:

In 2015, which of the following were prominent imports into the U.S.?

		electrical machinery and audio and video equipment
		petroleum
		transportation equipment
		all of the answers are correct

Part 19:

After increasing from $5.15 in 2007 to $7.25 in 2009, the inflation-adjusted minimum wage

		was still at its lowest level in history.
		was at its all-time highest level.
		was at its long-term historical average level.
		was sufficient to keep a family of four out of poverty.

Part 20:

f the price of a good falls by 10% and the percentage decrease in the total amount consumers spend on the good is 10%, then the good is

		elastic.
		perfectly inelastic.
		inelastic.
		unit elastic.

Answer 1

ANSWER 11:-

(D) quotas

ANSWER 12:-

(d) equal to its average total cost

ANSWER 13:-

(d) AD to increase (move to right)

ANSWER 14:-

(C) a surplus of rental apartments

ANSWER 15:-

(d) $16, 749

ANSWER 16:-

(C) the firm will continue to earn its "normal profits" far into the future.

ANSWER 17:-

(b) 3%

ANSWER 18:-

(d) all of the above

ANSWER 19:-

_{(C) was as it's long term historical average level}

ANSWER 20:-

(C) inelastic