Economics

1. When the expected inflation rate increases, it causes an increase in the nomi

1. When the expected inflation rate increases, it causes an increase in the nominal interest rate, with no change in the expected real interest rate. This Macroeconomics concept i…

1. When the government mandates that firms supply a particular benefit, it is us

1. When the government mandates that firms supply a particular benefit, it is usually the case that . (we exclude the case that cost is less than valuation) A. the cost of providi…

1. When the government places a tax on a good and all else is held constant, whi

1. When the government places a tax on a good and all else is held constant, which of the following would most likely happen? The government receives no tax revenue if the tax is …

1. When the government places a tax on a good and all else is held constant, whi

1. When the government places a tax on a good and all else is held constant, which of the following would most likely happen? The government receives no tax revenue if the tax is …

1. When the money supply decreases, other things being equal, a. real interest r

1. When the money supply decreases, other things being equal, a. real interest rates fall and investment spending rises. b. real interest rates fall and investment spending falls.…

1. When the price of Widgets increases, the A: Supply increases B: Quantity supp

1. When the price of Widgets increases, the A: Supply increases B: Quantity supply increases C: Supply decreases D: Quantity supplied decreases E: Quantity demand increases 2. Oth…

1. When the price of a normal good rises, ceteris paribus, the substitution effe

1. When the price of a normal good rises, ceteris paribus, the substitution effect leads to __________ in the quantity purchased and the income effect leads to ______ in the quant…

1. When there is comparative advantage the supply curve shifts to the right as p

1. When there is comparative advantage the supply curve shifts to the right as price falls and quantity increases. True or False 2. If there is a recessionary gap to get to equili…

1. When two goods are perfect complements, the indifference curves are A. straig

1. When two goods are perfect complements, the indifference curves are A. straight lines. C. intersecting. B. right angles. D. upward-sloping. 2. In a state where voters directly …

1. When we consider firm behavior, we assume that firms try to ___________. a)ma

1. When we consider firm behavior, we assume that firms try to ___________. a)maximize total revenue. b)minimize total cost. c)maximize market share. d)maximize the difference bet…

1. Whenyour mother buys a pound of Swiss chocolate, it is accounted for inwhich

1. Whenyour mother buys a pound of Swiss chocolate, it is accounted for inwhich expenditure category of GDP? a.consumption b.investment c.government purchases d. netexports e. non…

1. Where the Federal Reserves effective in ending the recession and stimulating

1. Where the Federal Reserves effective in ending the recession and stimulating a recovery in a timely fashion? (For comparison, you may wish to review past business cycle time pe…

1. Which component of GDP will be affected by each of the following transactions

1. Which component of GDP will be affected by each of the following transactions involving FlyCheap Airlines? Briefly explain Hint: GDP C+I+G+Nx i. You purchase a ticket on a FlyC…

1. Which component of consumption spending is the greatest in a typical economy?

1. Which component of consumption spending is the greatest in a typical economy? a. nondurable goods b. services c.durable goods d. new housing 2. In 2012, which component of GDP …

1. Which expression has more \"hits\" on Google? THE MARGINALIST REVOLUTION AND

1. Which expression has more "hits" on Google? THE MARGINALIST REVOLUTION AND ITS FORERUNNERS A BRIEF HISTORY OF ECONOMIC THOUGIHT, CH. 10, CH. 11.1, AND LECTURE) QUESTION 1. Whic…

1. Which feature of long-term illness makes sufferers vulnerable to superstitiou

1. Which feature of long-term illness makes sufferers vulnerable to superstitious learning regarding treatment efficacy? A. The low base rate of illness occurrence B. The uneven c…

1. Which firm structure must maintain their product differentiation through adve

1. Which firm structure must maintain their product differentiation through advertising A. monopoly B. monoplistic competition C. oligopoly D. perfect competition 2. Marginal reve…

1. Which firm structure must maintain their product differentiation through adve

1. Which firm structure must maintain their product differentiation through advertising A. monopoly B. monoplistic competition C. oligopoly D. perfect competition 2. Marginal reve…

1. Which graph depicts the impact of the change? Note: Suppose the workers in th

1. Which graph depicts the impact of the change? Note: Suppose the workers in the wine industry get unionized and their union negotiates a much higher wage rate that wine producer…

1. Which industrialization policy used by developing countries places emphasis o

1. Which industrialization policy used by developing countries places emphasis on the comparative advantage principle as a guide to resource allocation? A) international commodity…

1. Which industry is more highly concentrated: one with a Herfindahl index of 90

1. Which industry is more highly concentrated: one with a Herfindahl index of 900 or one with a four-firm concentration ratio of 78 percent? a) The one with a Herfindahl index of …

1. Which industry is more highly concentrated: one with a Herfindahl index of 90

1. Which industry is more highly concentrated: one with a Herfindahl index of 900 or one with a four-firm concentration ratio of 78 percent? a) The one with a Herfindahl index of …

1. Which is the alternative with the lowest cost In the Microsoft Excel work she

1. Which is the alternative with the lowest cost In the Microsoft Excel work sheet? To answer this question you should look to cell F21 and cell G 21. Remember they numbers repres…

1. Which is the correct way to calculate the unemployment rate? B. [(Unemployed)

1. Which is the correct way to calculate the unemployment rate? B. [(Unemployed)/( Labor force)] × 100 D. [(Labor force)( Unemployed)] × 100 (Population x 100 C. [(Labor force)/(P…

1. Which item would be included in the calculation of gross domestic product (GD

1. Which item would be included in the calculation of gross domestic product (GDP)? the construction of a new Honda factory in Ohio a dashboard manufactured in China and used in t…

1. Which of the causes for change in demand would you say is most common? 2. For

1. Which of the causes for change in demand would you say is most common? 2. For primary and selective demand, is there differences in the causes for a shift in the demand curve? …

1. Which of the following accounts for the recent decline in the growth of trash

1. Which of the following accounts for the recent decline in the growth of trash-to-energy plants? a. Decline in energy prices b. less favorable tax treatment c. decline in the am…

1. Which of the following accurately describes an increase in the demand for spo

1.    Which of the following accurately describes an increase in the demand for sports tickets?     a.    an organization reduces ticket prices, causing demand to shift rightward …

1. Which of the following actions reflect self-interested behavior? (i) Warren B

1. Which of the following actions reflect self-interested behavior? (i) Warren Buffett, one of the world's wealthiest individuals, donated more than $30 billion to humanitarian ca…

1. Which of the following are generally considered as some of the advantages of

1. Which of the following are generally considered as some of the advantages of international trade? Select all that apply. realizes the efficiencies of absolute and comparative a…

1. Which of the following are likely to increase the value of the firm, based on

1. Which of the following are likely to increase the value of the firm, based on the shareholders wealth maximization model of the firm? A. The rate of inflation increased substan…

1. Which of the following are likely to limit the effectiveness of fiscal policy

1. Which of the following are likely to limit the effectiveness of fiscal policy in the United States? A. the "crowiding out" effect B. Time lags between the recognition a macro p…

1. Which of the following are reasons that banks are so heavily regulated? a. Go

1. Which of the following are reasons that banks are so heavily regulated? a. Governments are concerned about the safety of deposits. b. The industry is a principal determinant of…

1. Which of the following are reasons that caused the Fed to abandon its practic

1. Which of the following are reasons that caused the Fed to abandon its practice of setting money supply targets? I. expiration of the legislation requiring the Fed to do so II. …

1. Which of the following are the characteristic properties of a long-run equili

1. Which of the following are the characteristic properties of a long-run equilibrium in a perfectly competitive market? a. MC = LAVC b. MC =MR c. MR = P d. P > LATC e. P = AFC…

1. Which of the following arguments for trade reactions is often advanced? A) Tr

1. Which of the following arguments for trade reactions is often advanced? A) Trade restrictions make all Americans better off B) Trade restrictions increase economic efficiency C…

1. Which of the following assets (if any) are not part of a firm\'s working capi

1. Which of the following assets (if any) are not part of a firm's working capital investment? a.cash b.accounts receivable c.inventory d.none of the above 2. Renfro Industries ba…

1. Which of the following assets would be considered least liquid? a. A US Savin

1. Which of the following assets would be considered least liquid?                 a. A US Savings bond                 b. a savings account                 c. a certificate of de…

1. Which of the following best describes the idea of an opportunity cost? a. The

1. Which of the following best describes the idea of an opportunity cost? a. The marginal cost of a decision b. The total cost of a decision c. The total value of all alternative …

1. Which of the following best explains the shape of the individual labor-supply

1. Which of the following best explains the shape of the individual labor-supply curve? a. The individual labor-supply curve is exactly like any supply curve, it always has a posi…

1. Which of the following best explains the shape of the individual labor-supply

1. Which of the following best explains the shape of the individual labor-supply curve? a. The individual labor-supply curve is exactly like any supply curve, it always has a posi…

1. Which of the following business practices, if proven to exist, is always ille

1. Which of the following business practices, if proven to exist, is always illegal under U.S. antitrust law A.  exclusive dealing B.  price fixing among competitors C.  tying arr…

1. Which of the following causes appreciation of the U.S. dollar versus the euro

1. Which of the following causes appreciation of the U.S. dollar versus the euro? a. The incomes of Europeans fall. b. Interest rates in the United States are higher than in Europ…

1. Which of the following combination of assets are considered to be money? curr

1. Which of the following combination of assets are considered to be money?        currency in circulation, checkable bank deposits, and credit cards        currency in circulatio…

1. Which of the following combination ofassets are considered to be money? (Poin

1. Which of the following combination ofassets are considered to be money? (Points: 1)       currency in circulation, checkable bank deposits,and credit cards        currency inci…

1. Which of the following combination ofassets are considered to be money? (Poin

1. Which of the following combination ofassets are considered to be money? (Points: 1)         currency in circulation, checkable bank deposits, and creditcards         currency i…

1. Which of the following comes closest to what Adam Smith had in mind by the \"

1. Which of the following comes closest to what Adam Smith had in mind by the "impartial spectator." a. society – including institutions such as churches, schools, the legal syste…

1. Which of the following components of aggregate demand typicallyabsorb almost

1. Which of the following components of aggregate demand typicallyabsorb almost 70 percent of total economic activity, as measured by GDP? a. investment b. consumption c. governme…

1. Which of the following components of aggregate demand typicallyabsorb almost

1. Which of the following components of aggregate demand typicallyabsorb almost 70 percent of total economic activity, as measured by GDP? a. investment b. consumption c. governme…

1. Which of the following describes the extent of international trade in the U.S

1. Which of the following describes the extent of international trade in the U.S. economy? A. Since 1950, U.S. imports have increased from less than 5 percent of GDP to about 30 p…