Economics

19) If price rises, what happens to quantity supplied for a product? a. It incre

19) If price rises, what happens to quantity supplied for a product? a. It increases. b. It decreases. c. It does not change. d. Quantity supplied is constant, but supply increase…

19) If price rises, what happens to quantity supplied for a product? a. It incre

19) If price rises, what happens to quantity supplied for a product? a. It increases. b. It decreases. c. It does not change. d. Quantity supplied is constant, but supply increase…

19) If the actual (real world) money multiplier equals the simple money (deposit

19) If the actual (real world) money multiplier equals the simple money (deposit) money multiplier and if the Fed wishes to reduce the money supply by $1 million when required res…

19) John has been laid off fom his jpb because of a general ownhum in the econom

19) John has been laid off fom his jpb because of a general ownhum in the economy, John's unemploymr best classified as A) cyclical B) seasonal C) structural. D) frictional. E) av…

19) Refer to Figure 7.1. The ________ movie rental has a marginal utility of zer

19) Refer to Figure 7.1. The ________ movie rental has a marginal utility of zero. 19) ______ A) first B) second C) third D) fourth 20) Dan owns a factory that manufactures smartp…

19) Suppose Mexico real GDP per person in 2008 is $6,000 and the U.S. real GDP p

19) Suppose Mexico real GDP per person in 2008 is $6,000 and the U.S. real GDP per person is $24,000. Mexico has annual growth in real GDP per person of 5%. Approximately how many…

19) The government expenditure multiplier and the tax multiplier are A) differen

19) The government expenditure multiplier and the tax multiplier are A) different in size and the government expenditure multiplier is larger. B) different in size and the tax mul…

19)Which statement is true? -We have had recessions about every three years sinc

19)Which statement is true? -We have had recessions about every three years since World War II. -The United States has a larger national output than any other country in the world…

19, Suppose you had a situation where marginal cost was an upward sloping line.

19, Suppose you had a situation where marginal cost was an upward sloping line. If for the quantity of 10 units, marginal cost is lower than average total cost, which of the follo…

19- A 10 percent rise in the price of housing reduces the quantity demanded of h

19- A 10 percent rise in the price of housing reduces the quantity demanded of housing by 3 percent. We can conclude that the demand for housing is: Question 35 options: a- inelas…

19- Substitute goods are goods that are: Question 19 options: a- jointly consume

19- Substitute goods are goods that are: Question 19 options: a- jointly consumed. b- competing for consumer spending. c- used late in the game. d- inferior. e- normal. 19- Substi…

19-24 efer to Table 14-3. At which quantity of output is marginal revenue equal

19-24 efer to Table 14-3. At which quantity of output is marginal revenue equal to marginal cost? a. 3 b. 6 c. 8 d. 9 14. R 15. Refer to Table 14-3. The maximum profit available t…

19-4 Job Auction When China reformed state-owned enterprises, it tried a new app

19-4 Job Auction When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction. The bids for the jobs consisted …

19-A perfectly competitive firm faces a demand curve which is: a.Downward-slopin

19-A perfectly competitive firm faces a demand curve which is: a.Downward-sloping. b.Horizontal c.Greater than the market price. d.Equal to the total costs of production for each …

19-If Stimpson University increases tuition in order to increase its revenue, it

19-If Stimpson University increases tuition in order to increase its revenue, it will: Question 18 options: a- not be successful if the demand curve slopes downward. b- be success…

19. (2 points) Assume that the quantity consumed of pizza is dependent on three

19. (2 points) Assume that the quantity consumed of pizza is dependent on three factors: the price of a pizza, the income of pizza purchasers, and consumers' taste for pizza. When…

19. (6 points) Federal Reserve millions S Loans to Banks Securities Gold and for

19. (6 points) Federal Reserve millions S Loans to Banks Securities Gold and foreign exchange Assets Liabilities $50,000Currency in circulation $1,300,000 $3,900,000Bank Reserves …

19. (Not suitable for vegetarians) Peter Morgan sells pigeon pies from his pushc

19. (Not suitable for vegetarians) Peter Morgan sells pigeon pies from his pushcart in Central Park Due to the abundant supplies of raw materials, his costs are zero. The demand s…

19. (Points: 2) A firm is deciding whether to produce or shut down in the shortr

19. (Points: 2) A firm is deciding whether to produce or shut down in the shortrun. Its total costs are $15,000 of which $5,000 are the totalfixed costs of production. The firm sh…

19. A bank provides: a. b. c. d. liquidity; that is, access to cash when and whe

19. A bank provides: a. b. c. d. liquidity; that is, access to cash when and where you want it. liquidity; that is, it connects buyers to sellers to ease saving and borrowing risk…

19. A bank provides: a. liquidity; that is, access to cash when and where you wa

19. A bank provides: a. liquidity; that is, access to cash when and where you want it b. liquidity; that is, it connects buyers to sellers to ease saving and borrowing e risk dive…

19. A product is produced in a monopolistically competitive industry with econom

19. A product is produced in a monopolistically competitive industry with economies of scale. Ifthis industry exists in two countries, and these two countries engage in trade, the…

19. A) B) C) D) Since the 1960\'s student-teacher ratios have increased; 15; 26

19. A) B) C) D) Since the 1960's student-teacher ratios have increased; 15; 26 decreased; 26; 15 decreased; 35; 15 decreased; 17; 15 from to . 20. A) B) C) D) SAT scores are highe…

19. After 7 years of negotiations, 12 countries – including the United States, J

19. After 7 years of negotiations, 12 countries – including the United States, Japan, Vietnam, and 9 other Pacific Rim countries – signed the Trans-Pacific Partnership (TPP). A ke…

19. An analysis approach that considers the relationship of a proposed policy to

19. An analysis approach that considers the relationship of a proposed policy to social objectives is called ... 1) Contingent valuation 2) Cost-effectiveness analysis 3) Hedonic …

19. An announcement that smoking will harmyour ability to think clearly will mos

19. An announcement that smoking will harmyour ability to think clearly will most likely result in: (Points:3)       an increase in the quantity of cigarettesdemanded.        a de…

19. Bank regulations a) Are not necessary because the financial sector works mor

19. Bank regulations a) Are not necessary because the financial sector works more efficiently without government supervision. b) Are designed partly to ensure the safety of deposi…

19. Calculate the dollar price of a German automobile worth 40,000 euros, if the

19. Calculate the dollar price of a German automobile worth 40,000 euros, if the dollar per euro exchange rate is 1.5.      a.   $41,500      b.   $26,700      c.   $60,000      d…

19. Communication plans should be developed for which of the following stakehold

19. Communication plans should be developed for which of the following stakeholder groups prior to closing. a. Employees b. Customers c. Suppliers d. All of the above 20. All of t…

19. Explosives, Inc. officially states on its Articles of Incorporation that its

19. Explosives, Inc. officially states on its Articles of Incorporation that its purpose is "to engage in any lawful activity for which corporations may be organized under the Gen…

19. Firm A emits 200 tons of pollution and firm B emits 150 tons of pollution. A

19. Firm A emits 200 tons of pollution and firm B emits 150 tons of pollution. Assume that the government issues 300 tradable permits (with one permit allowing for one ton of poll…

19. Fiscal policy refers to the: A. manipulation of government spending and taxe

19. Fiscal policy refers to the: A. manipulation of government spending and taxes to stabilize domestic output, employment, and the price level. B. manipulation of government spen…

19. For an old, established firm in a stable industry, where productive plant an

19. For an old, established firm in a stable industry, where productive plant and equipment maintain their market values for long periods and tax depreciation equals market deprec…

19. If a nation\'s imports exceed its exports: A) net exports will be positive.

19. If a nation's imports exceed its exports: A) net exports will be positive. B) GDP will be less than the sum of consumption, investment, and government purchases. C) GDP will b…

19. If the Fed lowers the federal funds rate, eventually the AD curve shifts (ri

19. If the Fed lowers the federal funds rate, eventually the AD curve shifts (rightward/leftward), i (raising/lowering) the price level. 20. If the Fed wants to fight inflation, i…

19. If your disposable income increases from $10,000 to $15,000 and your consump

19. If your disposable income increases from $10,000 to $15,000 and your consumption increases from $9,000 to $12,000, your MPC is: (Points : 2) 0.2. 0.4. 0.6. 0.8. 20. Suppose th…

19. In our discussion of the various tactics used in advertising, it was determi

19. In our discussion of the various tactics used in advertising, it was determined that what Arrington called “puffery” was indeed a _______________. (a) form of lying, & thu…

19. In the simple circular flow model: A. households are buyers of resources. B.

19. In the simple circular flow model: A. households are buyers of resources. B. businesses are sellers of final products. C. households are sellers of final products. D. there ar…

19. In which of the following cases is the Coase theorem most likely to solve th

19. In which of the following cases is the Coase theorem most likely to solve the externality? a. Ed is allergic to his roommate's cat. b. Chemicals from manufacturing plants in t…

19. Inflation can redistribute wealth from those with Rising asset prices to tho

19. Inflation can redistribute wealth from those with Rising asset prices to those with falling asset prices. Falling asset prices to those with declining asset prices. Falling as…

19. Peanut butter and jelly are complementary goods. When the price of peanut bu

19. Peanut butter and jelly are complementary goods. When the price of peanut butter rises, the demand for jelly ________ and the price of jelly ________. Answers: rises; falls   …

19. President Jackson\'s solution to the Nullification Crisis was to (a) Allow t

19. President Jackson's solution to the Nullification Crisis was to (a) Allow the states who wanted to do so to leave the US peacefully (b) Declare that nullification was a valid …

19. Regression model is a statistical framework used to develop a mathematical e

19. Regression model is a statistical framework used to develop a mathematical equation that describes how (a) one explanatory variable is related to one or more than one response…

19. Regression model is a statistical framework used to develop a mathematical e

19. Regression model is a statistical framework used to develop a mathematical equation that describes how (a) one explanatory variable is related to one or more than one response…

19. Reserve requirements are considered by bank management to act as a \"tax\" o

19. Reserve requirements are considered by bank management to act as a "tax" on deposits since the bank must holds as reserves (and therefore not deploy that amount into making lo…

19. Suppose the U.S. House of Representatives is debating a bill to fund constru

19. Suppose the U.S. House of Representatives is debating a bill to fund construction and maintenance for the nation’s highway system. Representative Sandy Shady adds a provision …

19. The Nobel prize winner Milton Friedman argued that \"inflation is always and

19. The Nobel prize winner Milton Friedman argued that "inflation is always and everywhere a monetary phenomenon." Later, the Nobel prize winner Tom Sargent argued that, because o…

19. The biggest change in the Federal Reserve\'s balance sheet between May 2007

19. The biggest change in the Federal Reserve's balance sheet between May 2007 and March 2013 was the _____________ on the _____________ side of the balance sheet. a. increase in …

19. The classical long run view of the economy shows that changes in AD will: a.

19. The classical long run view of the economy shows that changes in AD will: a. have no effect on the level of production. b. have no effect on the price level. c. have an unpred…

19. The data in the table represents annual costs and revenue for Aurora\'s Orch

19. The data in the table represents annual costs and revenue for Aurora's Orchid Emporium. Aurora works 60 hours a week at the Orchid Emporium. Aurora owns the building that hous…