Economics

Which of the following is true for a perfectly competitive firm in the long run?

Which of the following is true for a perfectly competitive firm in the long run? Question 3 options: The firm's demand curve will be vertical. Economic profits will greater than z…

Which of the following is true in long-run equilibrium for a firm in monopolisti

Which of the following is true in long-run equilibrium for a firm in monopolistic competition? Select one: O a. MC ATC b. MC> ATC d. Any of the above may be true. What characte…

Which of the following is true in the long run? A) both c and d B) all of the fo

Which of the following is true in the long run? A) both c and d B) all of the following C) increases in government purchases lead to complete crowding out D) the economy behaves v…

Which of the following is true of U.S. net exports prior to the 1960s? A)Since m

Which of the following is true of U.S. net exports prior to the 1960s? A)Since most of the oil needs of the U.S. were met through imports, imports exceeded exports prior to the 19…

Which of the following is true of financial institutions? Managers of financial

Which of the following is true of financial institutions? Managers of financial institutions should have an understanding of factors that cause interest rates and other returns in…

Which of the following is true of firms in both monopolistic competition and per

Which of the following is true of firms in both monopolistic competition and perfect competition? a. Firms face a horizontal demand curve. b. Price exceeds marginal revenue. c. Fi…

Which of the following is true of firms that compete in the global marketplace?

Which of the following is true of firms that compete in the global marketplace? They must employ a domestic policy in order to have a competitive edge. Because differentiation acr…

Which of the following is true of long-run economic growth in the United States

Which of the following is true of long-run economic growth in the United States since 1905? The remarkable cutbacks to the government sector over the period have been the main rea…

Which of the following is true of police power? A. It emphasizes maintaining ord

Which of the following is true of police power? A. It emphasizes maintaining order and is usually found in communities with a declining industrial base. B. It is typically used on…

Which of the following is true of product differentiation? a. Product differenti

Which of the following is true of product differentiation? a. Product differentiation exists only when the products are actually different from each other. b. Product differentiat…

Which of the following is true of stimulus policy enacted in 2009? A. We can not

Which of the following is true of stimulus policy enacted in 2009? A. We can not be sure that it reduced the severity of the recession because the recession was more severe than t…

Which of the following is true of the credit crunch of the early 1990s? Small bu

Which of the following is true of the credit crunch of the early 1990s? Small business firms were the most affected during the credit crunch. The government bailed out many financ…

Which of the following is true of the gross domestic product (GDP) of a nation?

Which of the following is true of the gross domestic product (GDP) of a nation? O It is the sum of total spending on production and total income from that producti O It can be mea…

Which of the following is true of the market demand for a public good? A. The ef

Which of the following is true of the market demand for a public good? A. The efficient quantity of a public good produced occurs where the market demand curve intersects the mark…

Which of the following is true of the market demand for a public good? o The eff

Which of the following is true of the market demand for a public good? o The efficient quantity of a public good produced occurs where the market demand curve intersects the marke…

Which of the following is true of the multiplier It helps expansionary policy an

Which of the following is true of the multiplier It helps expansionary policy and greater than 1 when unemployment is below the natural rate of unemployment 5%. It helps expansion…

Which of the following is true of the short-run aggreeate supply curve?It shows

Which of the following is true of the short-run aggreeate supply curve?It shows the relation between the interest rate and the quantity of capital goods firms supply, other things…

Which of the following is true regarding The Information Effect of dividend poli

Which of the following is true regarding The Information Effect of dividend policies? Increases in dividends are seen as negative signals concerning the firm's expected future cas…

Which of the following is true regarding a bank\'s capital-asset ratio? (a)High

Which of the following is true regarding a bank's capital-asset ratio? (a)High capital-asset ratios are desirable as they offer a buffer against non-performing bank loans. (b) The…

Which of the following is true regarding a bank\'s capital-asset ratio? (a)High

Which of the following is true regarding a bank's capital-asset ratio? (a)High capital-asset ratios are desirable as they offer a buffer against non-performing bank loans. (b) The…

Which of the following is true regarding takeover valuation? I. The bidding firm

Which of the following is true regarding takeover valuation? I. The bidding firm should always use its own cost of capital for status quo valuation of the target firm II. It is im…

Which of the following is true regarding the Federal Reserve Select one: a. The

Which of the following is true regarding the Federal Reserve Select one: a. The members of the Board of Governors are appointed by the President of the United States b. It's board…

Which of the following is true regarding the World Trade Organization? It was es

Which of the following is true regarding the World Trade Organization? It was established in 1995 It acts as an official body to settle trade disputes between member nations It ov…

Which of the following is true regarding the \"American Recovery and Reinvestmen

Which of the following is true regarding the "American Recovery and Reinvestment Plan"? a) The massive 2009 stimulus package was designed to jump-start the recession-bound economy…

Which of the following is true regarding the duty of an attorney? An attorney: s

Which of the following is true regarding the duty of an attorney? An attorney: should reveal a client's confession of a crime as well as a client’s intention to commit a crime suc…

Which of the following is true regarding the extent of shareholder’s liability t

Which of the following is true regarding the extent of shareholder’s liability to corporate creditors? a.A shareholder is Liable to the corporation’s creditors to the extent of th…

Which of the following is true regarding this economic model? A) While simple, t

Which of the following is true regarding this economic model? A) While simple, the circular-flow diagram can still be useful for the purposes of modeling how dollars and resources…

Which of the following is true with respect to the Lorenz curve and Gini ratios?

Which of the following is true with respect to the Lorenz curve and Gini ratios? The Lorenz curve is a graphical representation of a country s inflation rate. A Gini ratio of .99 …

Which of the following is true: a. FDA assures that pregnant women are enrolled

Which of the following is true: a. FDA assures that pregnant women are enrolled in investigational drug trials before a product is used when there is substantial use in women b. F…

Which of the following is true? ?Both the CPI and the GDP deflator probably over

Which of the following is true? ?Both the CPI and the GDP deflator probably overstate the inflation rate. ?The GDP deflator generally rises substantially faster than the CPI durin…

Which of the following is true? A. Investment growth tends to be high when GDP g

Which of the following is true? A. Investment growth tends to be high when GDP growth is low. B. Unemployment growth tends to be high when GDP growth is high. C. Investment growth…

Which of the following is true? Monopolistically competitive industries may have

Which of the following is true? Monopolistically competitive industries may have a concentration ratio of 100%. Monopolistically competitive firms have a standardized product. Mon…

Which of the following is true? a)If a MC is above ATC, ATC must be increasing.

Which of the following is true? a)If a MC is above ATC, ATC must be increasing. b The MC curve intersect AFC at its minimum point. c) If MC is below AVC, AVC must be increasing. d…

Which of the following is true? a. Because personal tastes differ, substitutes f

Which of the following is true? a. Because personal tastes differ, substitutes for one person may not be substitutes for another person. b. Two goods are substitutes if an increas…

Which of the following is true? a. From the perspective of partial equilibrium f

Which of the following is true? a. From the perspective of partial equilibrium for importing countries of a good, domestic producers are better off, domestic consumers are worse o…

Which of the following is true? a. From the perspective of the Mercantilism, int

Which of the following is true? a. From the perspective of the Mercantilism, international trade is similar to a non-cooperative game, particularly the zero-sum game. b. From the …

Which of the following is true? a. The tragedy of the Commons, arms race, 1997 E

Which of the following is true? a. The tragedy of the Commons, arms race, 1997 East Asian Economic Crisis are examples of Prisoner Dilemma Games b. The advertising game, tariff wa…

Which of the following is typically not classified as a monopolistically competi

Which of the following is typically not classified as a monopolistically competitive industry? A. Restaurants and fast food chains B. Grocery stores C. Gas stations D. All of thes…

Which of the following is/are NOT necessary condition(s) for long-run equilibriu

Which of the following is/are NOT necessary condition(s) for long-run equilibrium under perfect competition (select all that apply)? No firm has an incentive to enter/exit the mar…

Which of the following is/are true? there is no uncertainty in health care reces

Which of the following is/are true? there is no uncertainty in health care recessions have significant impact in increasing Medicare enrollees Since the 70s the share of Medicaid …

Which of the following items about an employee might an employer have a legitima

Which of the following items about an employee might an employer have a legitimate claim to know, and why? A job applicant’s social security number An applicant’s arrest record An…

Which of the following items will not affect an economy’s PPF? A) growth in the

Which of the following items will not affect an economy’s PPF? A) growth in the labor force B) the development of a more productive method of steel production C) the development o…

Which of the following land resources are nonrenewable? surface land, water, and

Which of the following land resources are nonrenewable? surface land, water, and all minerals water, oil, and natural gas just the land we use for residential and commercial const…

Which of the following lists the three types of firms in the United States from

Which of the following lists the three types of firms in the United States from smallest to largest in terms of volume of sales in 2012 OPartnerships, sole proprictorships, corpor…

Which of the following made it easier for immigrants to come to the United State

Which of the following made it easier for immigrants to come to the United States? A. The U.S. promised reparations for former slaves and their families. B. Railroad construction …

Which of the following market conditions in an oligopoly increase the probabilit

Which of the following market conditions in an oligopoly increase the probability that it will be able to maintain prices well above the competitive market level? Explain your ans…

Which of the following measures is most likely to be taken by the government, if

Which of the following measures is most likely to be taken by the government, if real GDP exceeds potential GDP? A decrease in government borrowing An increase in subsidies An inc…

Which of the following mechanisms cannot be adopted by a country to defend a fix

Which of the following mechanisms cannot be adopted by a country to defend a fixed exchange rate? The government can buy or sell foreign currency in order to influence the actual …

Which of the following methods of stimulating the economy provides the federal g

Which of the following methods of stimulating the economy provides the federal government with the greatest control over how the stimulation takes place. Possible answers, an incr…

Which of the following methods would the Fed use to \"maintain market confidence

Which of the following methods would the Fed use to "maintain market confidence" when a negative AD shock hits? i. Slow the growth rate of the monetary base. ii. Raise the interes…