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Brigham Tea, Inc., is a processor of low acid tea. The company is contemplating purchasing equipment for an additional processing line. The additional processing line would increase revenues by $90,000 per year. Incremental cash operating expense would be $40,000 per year. The equipment would cost $180,000 and have a nine-year life. No salvage value is projected.
Which of the following would not be included in aggregate demand/GDP spending?
a. an increase in firms’ inventories.
b. purchases of goods by households.
c. depositing money at a bank.
d. firm's’ purchases of newly produced machinery
Total spending in the economy is most likely to increase by the largest amount if which of the following occur to government spending and taxes, all things equal?
Government Spending Taxes
a. Decrease Increase
b. Decrease No change
c. Increase Increase
d Increase Decrease
For a bank,
a. loans granted are liabilities and deposits by individuals are assets
c. both loans granted and deposits by individuals are assets
c. both loans granted and deposits by individuals are liabilities
d. loans granted are assets and deposits by individuals are liabilities
An expansionary monetary policy aimed at increasing economic activity will
a. decrease the money supply and increase the interest rate
b. increase the money supply and decrease aggregate demand
c. increase the money supply and decrease the interest rate
d. increase both the money supply and the interest rate
In a period of high unemployment and in order to stimulate the economy a central bank would probably:
a raise the discount rate
b raise the required reserve ratio
c buy bonds through open market operations
d increase government spending and cut taxes
If the central bank decreases reserve requirements to stimulate the economy, which of the following is most likely to happen to interest rates and gross domestic product all things equal?
Interest Rates GDP
a. Increase Decrease
b. Increase Increase
c. Decrease Decrease
d. Decrease Increase
If the required reserve ratio is 5% and the central bank buys $200 worth of securities, the maximum increase in the money supply will be
a. $ 2,000 b. $ 4,000 c. $ 600 c. $ 1,000
The demand function of a firm is
Q=90−1,5P,
where P and Q represent the price and quantity, respectively. At what price is revenue a maximum?
If a delivery of dairy products weight 320 Kg, how many kilograms is expected to last beyond 10 days
Given a set of number S = (2,4,7,10,13,16,22,27,81,102). If a number is picked at random, find the probability that the number is even or prime.
Which one of the following statements is correct about the creation of money?
a.
Money is created by printing notes only.
b.
The quantity of money is dependent on demand for money and interest rate only.
c.
The SARB regulates the amount of money in circulation by controlling the interest rate.
d.
The SARB regulates the amount of money in circulation by controlling the inflation targeting range only and not the interest rate.
Write a Java method to find the smallest number among three numbers.
Test Data:
Input the first number: 25
Input the Second number: 37
Input the third number: 29
