Economics

Which of the following examples deals with price, with the allocation of goods a

Which of the following examples deals with price, with the allocation of goods and services, and also with demand and supply? All of these Lodging in Phoenix may cost twice as muc…

Which of the following examples demonstrates the law of demand? Mark buys less d

Which of the following examples demonstrates the law of demand? Mark buys less donuts at $0.80 per donut than at $0.25 per donut, other things equal. Sandra buys fewer Snickers at…

Which of the following examples is an adverse-selection problem and which is an

Which of the following examples is an adverse-selection problem and which is an incentive problem? Explain why. In each case, give one method that the restaurant might use to redu…

Which of the following exemplifies privatization? A. A country allows state-owne

Which of the following exemplifies privatization? A. A country allows state-owned coal companies to sell coal to private parties. B. A country reduces trade barriers, allowing ind…

Which of the following explain the downward slope of the aggregate demand curve

Which of the following explain the downward slope of the aggregate demand curve the effect of changing interest rates on the quantity demanded of interest rate since of goods or t…

Which of the following explains why marginal cost rises continually after passin

Which of the following explains why marginal cost rises continually after passing a low level of output? The marginal product of a variable factor eventually declines as more of t…

Which of the following explains why the money supply is not completely controlle

Which of the following explains why the money supply is not completely controlled by the Federal Reserve? a. The actions of private individuals and banks can increase or decrease …

Which of the following expressions is correct? Answer accounting profit = econom

Which of the following expressions is correct? Answer accounting profit = economic profit + implicit costs accounting profit = total revenue - implicit costs economic profit = acc…

Which of the following expressions measures the Bureau of Labor Statistics\' off

Which of the following expressions measures the Bureau of Labor Statistics' official unemployment rate? The difference between a budget deficit and national debt is: Unemployment …

Which of the following expressions measures the figures of Labor Statistics offi

Which of the following expressions measures the figures of Labor Statistics official unemployment rate? The difference between a budget deficit and the national debt is: Unemploym…

Which of the following expressions represents a cross-priceelasticity of demand

Which of the following expressions represents a cross-priceelasticity of demand a.Percentage change in quantity demanded of apples divided bypercentage change in quantity supplied…

Which of the following factors did NOT lead to the development of the Feudalist

Which of the following factors did NOT lead to the development of the Feudalist society? A.  The importance of land and the way in which it was passed on. B.  Rapid technical inno…

Which of the following factors poses a problem in tackling environmental concern

Which of the following factors poses a problem in tackling environmental concerns? A. If a decision is taken to correct an environmental problem, the entire burden of the correcti…

Which of the following factors will help determine how the costs of social regul

Which of the following factors will help determine how the costs of social regulation are split between consumers and producers? The average total costs of the firm before regulat…

Which of the following falls under the purview of microeconomics? Inflation Prof

Which of the following falls under the purview of microeconomics? Inflation Profit Interest rate Exchange rate Macroeconomics encompasses the study of: Cost of machineries $8,000 …

Which of the following firms is most likely to be in a perfectly competitive ind

Which of the following firms is most likely to be in a perfectly competitive industry? If the price that a firm receives for its product is equal to the average revenue it earns f…

Which of the following fiscal policy changes would be the most contractionary? (

Which of the following fiscal policy changes would be the most contractionary? (A) a 40 billion increase in taxes (B) a10 billion increase in taxes and a 30 billion cut in governm…

Which of the following fiscal policy changes would have a larger overall negativ

Which of the following fiscal policy changes would have a larger overall negative impact on AD and RGDP? Explain your answer in a paragraph or two with credible logics and analysi…

Which of the following fiscal policy changes would have a larger overall negativ

Which of the following fiscal policy changes would have a larger overall negative impact on AD and RGDP? Explain your answer in a paragraph or two with credible logics and analysi…

Which of the following fiscal policy options would have greather potential of ca

Which of the following fiscal policy options would have greather potential of causing inflation? An expansionary policy shifting aggregate demand from AD_1 to AD_2 An contractiona…

Which of the following functions is NOT performed by any of the twelve regional

Which of the following functions is NOT performed by any of the twelve regional Federal Reserve Banks? (16 A) check clearing B) conducting economic research C) setting interest ra…

Which of the following government activities is motivated by a concern about eff

Which of the following government activities is motivated by a concern about efficiency? Check all that apply. A. Breaking up Standard Oil (which once owned 90% of all oil refiner…

Which of the following groups is included in the labor force? full-time students

Which of the following groups is included in the labor force? full-time students military personnel O employed persons QUESTI 10 points Save Answer What type of unemployment occur…

Which of the following happens when a person buys shares in a mutual fund? A. Th

Which of the following happens when a person buys shares in a mutual fund? A.  The person lends money to the federal government. B.  The person lends to and borrows from the other…

Which of the following has been a significant factor in DVDsreplacing video cass

Which of the following has been a significant factor in DVDsreplacing video cassettes (VCs) in the retail home videomarket? A.DVDs are no less than one-half the price of VCs. B.A …

Which of the following helps explain why the aggregate quantity demanded of good

Which of the following helps explain why the aggregate quantity demanded of goods and services is inversely related to prices within the framework of the AD/AS model? a. As prices…

Which of the following helps to explain why time lags cause monetary policy to b

Which of the following helps to explain why time lags cause monetary policy to be difficult to conduct? It takes time to recognize that there is a problem. For example, changes in…

Which of the following ideas is illustrated by the production possibilities curv

Which of the following ideas is illustrated by the production possibilities curve [PPC]? A) There are no limits on the total feasible production attainable in an economy. B) An ec…

Which of the following ideas is illustrated by the production possibilities curv

Which of the following ideas is illustrated by the production possibilities curve [PPC]? A) There are no limits on the total feasible production attainable in an economy. B) An ec…

Which of the following illustrates scarcity? A. Ben will travel to New York City

Which of the following illustrates scarcity? A. Ben will travel to New York City for spring break B. I got a new pair of running shoes C. Angie loves riding her bike D. Susan want…

Which of the following increases the possibility of depreciation of the domestic

Which of the following increases the possibility of depreciation of the domestic currency in the foreign exchange market? a. An increase in the demand for domestic goods in the fo…

Which of the following indicates “a strong mental attachment to particular price

Which of the following indicates “a strong mental attachment to particular price”? Heuristic Choice overload Anchoring Herding Which of the following is the most likely reaction o…

Which of the following industries is most likely closest to achieving perfect pr

Which of the following industries is most likely closest to achieving perfect price discrimination? Suppose that a regulatory agency helps producers maximize economic profit. This…

Which of the following industries would you classify as an oligopoly? Explain yo

Which of the following industries would you classify as an oligopoly? Explain your answer. If you are not sure, what information do you need to know to decide? A.motorcycles B.Hot…

Which of the following industries would you classify as an oligopoly? Explain yo

Which of the following industries would you classify as an oligopoly? Explain your answer. The industry for motorcycles is ____________. A. monopolistically competitive because th…

Which of the following institutions is responsible forsupervising the banking sy

Which of the following institutions is responsible forsupervising the banking system of the United States? a) the federal reserve system b) the open market committee c) the U.S. T…

Which of the following is (are) true for the period described in the table below

Which of the following is (are) true for the period described in the table below? Year Price Level 1990 100 1991 110 1992 120 1993 130 I. Inflation is increasing. II. The price le…

Which of the following is (are) true regarding the paradox of thrift? I. People

Which of the following is (are) true regarding the paradox of thrift? I. People intend to save less but their actions actually lead to an increase in savings. II. For the paradox …

Which of the following is FALSE about increased U.S. enforcement efforts on the

Which of the following is FALSE about increased U.S. enforcement efforts on the U.S/Mexican border? A) Illegal migration has moved toward more inhospitable areas on the border. B)…

Which of the following is FALSE about the circular-flow diagram? Money flows fro

Which of the following is FALSE about the circular-flow diagram? Money flows from households to firms as households offer factors of production for sale. Households are the primar…

Which of the following is FALSE? Select one The analysis of agriculture, textile

Which of the following is FALSE? Select one The analysis of agriculture, textiles, and clothing in the EU, the United States, and Japan supports the proposition that older sectors…

Which of the following is FALSE? Select one: a. Current account deficits must be

Which of the following is FALSE? Select one: a. Current account deficits must be financed through inflows of capital. b. Loans from abroad add to a country's stock of external deb…

Which of the following is LEAST likely to be an example of a normal good? a. Rou

Which of the following is LEAST likely to be an example of a normal good? a.       Routine medical care b.      Housing c.       Motor vehicles d.      Store-brand breakfast cerea…

Which of the following is NOT a cost of inflation? a. Because with inflation fir

Which of the following is NOT a cost of inflation? a. Because with inflation firms adjust prices more frequently, their cost from printing menus and catalogues are higher b. becau…

Which of the following is NOT a determinant factor of the price elasticity of de

Which of the following is NOT a determinant factor of the price elasticity of demand for a good? -the availablity of complementary on the goods -the proportion of income spent on …

Which of the following is NOT a fix for an adverse selection problem? Requiring

Which of the following is NOT a fix for an adverse selection problem? Requiring a given credit score in order to take on a loan. Credibly signaling your quality with a college deg…

Which of the following is NOT a non-interest rate determinant of investment dema

Which of the following is NOT a non-interest rate determinant of investment demand. Stock of capital goods on hand, as well as changes in Initial and operational costs of capital …

Which of the following is NOT a proposition of the Heckscher-Ohlin model? A.A co

Which of the following is NOT a proposition of the Heckscher-Ohlin model? A.A country has a comparative advantage in the production of that commodity which uses more intensively t…

Which of the following is NOT a provision of the new health-care legislation? a.

Which of the following is NOT a provision of the new health-care legislation? a. a ban on excluding people with preexisting conditions from insurance plans b. guaranteed Medicaid …

Which of the following is NOT a real world factual conflict with the neoclassica

Which of the following is NOT a real world factual conflict with the neoclassical growth model? Income per capita varies greatly across countries. Immigrant labor from poor countr…