Economics

Which of the following statements is correct? Other things beingequal: a. A decl

Which of the following statements is correct? Other things beingequal: a. A decline in real output will shift boththe transaction demand curve for money and the total demand curve…

Which of the following statements is correct? Other things beingequal: a. A decl

Which of the following statements is correct? Other things beingequal: a. A decline in real output will shift boththe transaction demand curve for money and the total demand curve…

Which of the following statements is correct? Other things beingequal: a. A decl

Which of the following statements is correct? Other things beingequal: a. A decline in real output will shift boththe transaction demand curve for money and the total demand curve…

Which of the following statements is correct? Panel C represents the typical dem

Which of the following statements is correct? Panel C represents the typical demand curve for a perfectly competitive firm, and Panel B represents the typical demand curve for a m…

Which of the following statements is correct? Regression Statistics Multiple FR

Which of the following statements is correct? Regression Statistics Multiple FR 0.98 0.96 0.95 3.3 35 re usted R S tandard Error Observations Coefficients Standard Error t Stat 53…

Which of the following statements is correct? Select one: A. The LM curve slopes

Which of the following statements is correct? Select one: A. The LM curve slopes down because a higher interest rate leads to a lower income for a given money supply B. The LM cur…

Which of the following statements is correct? The Cournot model is a game involv

Which of the following statements is correct? The Cournot model is a game involving two identical firms, producing identical products at a constant marginal (and average) cost, an…

Which of the following statements is correct? The present discounted value of $1

Which of the following statements is correct? The present discounted value of $100 dollars payable in one installment, 2 years from now, is: PDV = $100/(1 + r)2, where r is the pr…

Which of the following statements is correct? a. Buyers always want to pay more

Which of the following statements is correct? a. Buyers always want to pay more and sellers always want to be paid more. b. Buyers always want to pay less and sellers always want …

Which of the following statements is correct? a. The benefirs that accrue to a m

Which of the following statements is correct? a. The benefirs that accrue to a monopoly'l owners are equalto the cost that are incurred by consumers of that firm'sproduct. b.The d…

Which of the following statements is correct? a. The distribution of wealth is n

Which of the following statements is correct? a. The distribution of wealth is not the best measure of true inequality. b. Inequality using annual income overstates actual lifetim…

Which of the following statements is correct? a.Acompetitive firm is a price mak

Which of the following statements is correct? a.Acompetitive firm is a price maker, and a monopoly is aprice taker. b.A competitive firm is a price taker, and a monopoly is aprice…

Which of the following statements is definitely true when price is less than ave

Which of the following statements is definitely true when price is less than average total cost for a firm producing the profit-maximizing level of output in the short run? The fi…

Which of the following statements is false ? Economic profit is the difference b

Which of the following statements is false? Economic profit is the difference between total revenue and the full opportunity cost of all the resources used in production. The owne…

Which of the following statements is false ? In a model of pure capitalism, a pe

Which of the following statements is false? In a model of pure capitalism, a person's income will (in equilibrium) be equal to his productive contribution to society. B. In a mode…

Which of the following statements is false? (A) Consumers with an elastic demand

Which of the following statements is false? (A) Consumers with an elastic demand for a service will not bear the burden of a tax if the suppliers of a good have an inelastic suppl…

Which of the following statements is false? A. First-degree price discrimination

Which of the following statements is false? A. First-degree price discrimination works to increase a firm's profits by converting consumer surplus into revenue for the firm, while…

Which of the following statements is false? A. Government owns the means of prod

Which of the following statements is false? A. Government owns the means of production in a socialist economy while individuals own the means of production in a capitalist economy…

Which of the following statements is false? A. Government owns the means of prod

Which of the following statements is false? A. Government owns the means of production in a socialist economy while individuals own the means of production in a capitalist economy…

Which of the following statements is false? Question 4 options: a) Input prices

Which of the following statements is false? Question 4 options: a) Input prices influence a firm's costs of production. b) Price determination is the key element in any market sys…

Which of the following statements is false? Select one: a. Managed care plans cr

Which of the following statements is false? Select one: a. Managed care plans create incentives for patients to seek hospital care, since more volume means more profit. b. HMO pla…

Which of the following statements is false? The accounts payable master data sto

Which of the following statements is false? The accounts payable master data store is a repository of all unpaid vendor invoices. Evaluated receipt settlement (ERS) is a process b…

Which of the following statements is false? a. in a long run equilibrium, margin

Which of the following statements is false? a. in a long run equilibrium, marginal firms make zeroeconomic profit. b.To maximize profit,firms should produce at a level of outputwh…

Which of the following statements is incorrect? A. Patents grant monopoly power.

Which of the following statements is incorrect? A. Patents grant monopoly power. B. Copyrights protect the intellectual property of artists, photographers, and authors. C. Patents…

Which of the following statements is incorrect? Trade increases productivity thr

Which of the following statements is incorrect? Trade increases productivity through specialization and the division of knowledge. Non-fraudulent voluntary trade produces both win…

Which of the following statements is most consistent with positive economic anal

Which of the following statements is most consistent with positive economic analysis? A)The United States would be better off being self-sufficient, so it wouldn’t need to rely on…

Which of the following statements is most correct? O Depreciation is the charge

Which of the following statements is most correct? O Depreciation is the charge to reflect the cost of assets depleted in the production process. Depreciation is a cash outlay Net…

Which of the following statements is most correct? The reason why the U.S. Congr

Which of the following statements is most correct? The reason why the U.S. Congress allows business to use MACRS depreciation as opposed to conventional methods is to reduce the b…

Which of the following statements is most correct? Which of the following statem

Which of the following statements is most correct? Which of the following statements is most correct? a. Compared to fixed interest rates, variable rates are riskier for the borro…

Which of the following statements is not correct? Answer Consumers will likely b

Which of the following statements is not correct? Answer Consumers will likely benefit in the form of lower prices from buying a product made by a natural monopoly than if the mar…

Which of the following statements is not correct? Answer Fixed costs are constan

Which of the following statements is not correct? Answer Fixed costs are constant. Variable costs change as output changes. Average fixed costs are constant. Average total costs a…

Which of the following statements is not correct? Answer Monopolistic competitio

Which of the following statements is not correct? Answer Monopolistic competition is similar to monopoly because in each market structure the firm can charge a price above margina…

Which of the following statements is not correct? First-degree price discriminat

Which of the following statements is not correct? First-degree price discrimination works to increase a firm's profits by converting consumer surplus into revenue for the firm, wh…

Which of the following statements is not correct? Select one: a. The percentage

Which of the following statements is not correct? Select one: a. The percentage of the population that suffers from long-term poverty is far smaller than the percentage of the pop…

Which of the following statements is not true with respect to the proposed Basel

Which of the following statements is not true with respect to the proposed Basel II Accord? a) Basel II provides an incentive for banks to reduce their operational risk. b) The Ac…

Which of the following statements is not true? O A. Interest rates on bonds of d

Which of the following statements is not true? O A. Interest rates on bonds of different maturities tend to move together over time O B. Yield curves almost always slope upward. C…

Which of the following statements is not true? Select one: a. If tea and coffee

Which of the following statements is not true? Select one: a. If tea and coffee are perfect substitutes in your consumption, then you will only consume the good with the lowest pr…

Which of the following statements is not true? Select one: a. If tea and coffee

Which of the following statements is not true? Select one: a. If tea and coffee are perfect substitutes in your consumption, then you will only consume the good with the lowest pr…

Which of the following statements is not true? The slope of the net benefit curv

Which of the following statements is not true? The slope of the net benefit curve is horizontal when the control variable is at the level where MB = MC. At the optimal level of a …

Which of the following statements is true about fiscal policy lags? Question 1 o

Which of the following statements istrueabout fiscal policy lags? Question 1 options: A) Automatic stabilizers have a much shorter impact lag than discretionary fiscal policy. B) …

Which of the following statements is true about investments in general and speci

Which of the following statements is true about investments in general and specific human capital? . When a firm invests in specific human capital of its employees, the employees …

Which of the following statements is true about limited liability? a It is any t

Which of the following statements is true about limited liability? a It is any type of investment where the investor’s maximum possible loss is the amount invested. b It is full l…

Which of the following statements is true about shocks in the macroeconomy? Shoc

Which of the following statements is true about shocks in the macroeconomy? Shocks may occur to either demand or supply, but they are always negative. Only supply shocks contribut…

Which of the following statements is true about the adverse selection in securit

Which of the following statements is true about the adverse selection in securities market? A) When private firms collect and produce information about firms seeking to finance th…

Which of the following statements is true about the public debt and future gener

Which of the following statements is true about the public debt and future generation? a. Increased consumption today will lead to increases in the capital stock in the future b. …

Which of the following statements is true about the trend in the number of nucle

Which of the following statements is true about the trend in the number of nuclear arms in the world? There is a remarkable reduction in the number of nuclear weapons in the post-…

Which of the following statements is true concerning DRGs? Soon after their impl

Which of the following statements is true concerning DRGs? Soon after their implementation in 1983, the average length of stay in U.S. hospitals fell significantly. Hospital opera…

Which of the following statements is true concerning the producer price index? T

Which of the following statements is true concerning the producer price index? The producer price index is just another term for the GDP deflator. Changes in the producer price in…

Which of the following statements is true for a typical firm in a typical cartel

Which of the following statements is true for a typical firm in a typical cartel? a. "I can never do better for myself than by following agreed-upon cartel policies." b. "If every…

Which of the following statements is true of a monopolist? The monopolist sets m

Which of the following statements is true of a monopolist? The monopolist sets marginal revenue equal to marginal cost to maximize profits. The monopolist sets price equal to marg…