Economics

21. The discount rate is the rate at which: A. Consumers can take out personal l

21. The discount rate is the rate at which: A. Consumers can take out personal loans from a bank B. The interest rate that credit card companies charge cardholders conom The rate …

21. The discount rate is the rate at which: A. Consumers can take out personal l

21. The discount rate is the rate at which: A. Consumers can take out personal loans from a bank B. The interest rate that credit card companies charge cardholders conom The rate …

21. The following chart contains data for a hypothetical economy: According to t

21. The following chart contains data for a hypothetical economy: According to the expenditure approach, if depreciation is $125 million, GDP is ________and NDP is ______. A) $1,9…

21. The highest price consumers would be willing and able to pay for 50 units of

21. The highest price consumers would be willing and able to pay for 50 units of this product is A. $2 B. $10 C. Nothing, they wouldn't pay any positive price for 50 units D. $8 E…

21. The land you own has the only known source of aloe needed to make anti-itch

21. The land you own has the only known source of aloe needed to make anti-itch lotion. In this case, your monopoly results from: A) government restrictions. B) location. C) sunk …

21. The people born during the high birth rate years, 1946-1964 are referred to

21. The people born during the high birth rate years, 1946-1964 are referred to as A. the baby boomers. B. generation X. C. generation Y. D. the millennials. 22. What impact will …

21. The purchase of a bulldozer is contemplated for rental to a construction con

21. The purchase of a bulldozer is contemplated for rental to a construction contractor who needs and use such equipment on a temporary basis. The anticipated receipts and disburs…

21. The transactions demand for money is least likely to be a function of the: P

21. The transactions demand for money is least likely to be a function of the: Price level Frequency of wage and salary payments Level of national income Interest rate 1 rubber ba…

21. There is broad consensus that government action to address and greenhouse ga

21. There is broad consensus that government action to address and greenhouse gases should be in the form of A. Tool-Based Supports B. Investment-Grade Futures C. Controlled- Gove…

21. There is no incentive for additional producers of an information product to

21. There is no incentive for additional producers of an information product to enter the industry when the price charged for these products by each firm already in the industry i…

21. To increase the money supply, the Fed can buy government bonds or increase t

21. To increase the money supply, the Fed can       buy government bonds or increase the discount rate.        buy government bonds or decrease the discount rate.        sell gove…

21. Turkey is an importer of goose down pillows. The world price of these pillow

21. Turkey is an importer of goose down pillows. The world price of these pillows is $50. Turkey imposes a $7 tariff on pillows. Turkey is a price taker in the pillow market. As a…

21. Using one more unit of a productive input raises a firm’s total revenue by $

21.    Using one more unit of a productive input raises a firm’s total revenue by $10. This implies that the     a.    marginal cost of the input is $10     b.    marginal revenue…

21. Which model represents a higher proportion of ebusiness activity conducted i

21. Which model represents a higher proportion of ebusiness activity conducted in the economy than B2C models? a. B2E b. B2B c. C2G d. B2G e. C2C 22. Which of the following statem…

21. Which of the following is most likely produced in a monopolistically competi

21. Which of the following is most likely produced in a monopolistically competitive market? a. soybeans b. autos c fast food d. oi e. local phone service 22. A profit-maximizing …

21. Which of the following is true regarding the short-run and long-run producti

21. Which of the following is true regarding the short-run and long-run production of a firm? A. A firm can experience diminishing marginal returns to labor in the long-run B. A f…

21. Which of the following would shift the aggregate demand curve to the left? a

21. Which of the following would shift the aggregate demand curve to the left?         a. An increase in the interest rate.         b. An increase in the aggregate price level.   …

21. Which of the four graphs represents the market forpizza delivery in a colleg

21. Which of the four graphs represents the market forpizza delivery in a college town as we go from summer to thebeginning of the fall semester? a. A b. B c. C d. D 22. Which of …

21. Which one of the following items are not considered resource costs even thou

21. Which one of the following items are not considered resource costs even though they are counted as income paid to persons? a. profits b. wages c. business transfer payments d.…

21. You purchased 200 shares of H20 Corporation stock at a price of $20. Conside

21. You purchased 200 shares of H20 Corporation stock at a price of $20. Consider each of the following announcements separately. What will the price of the stock be after each ch…

21. You purchased 200 shares of H20 Corporation stock at a price of $20. Conside

21. You purchased 200 shares of H20 Corporation stock at a price of $20. Consider each of the following announcements separately. What will the price of the stock be after each ch…

21.) A movement from point N to point L would represent A. B. an increase in bot

21.) A movement from point N to point L would represent A. B. an increase in both consumer goods and capital goods. a decrease in both consumer goods and capital goods. Can increa…

21.) Which statement is the most accurate? A When we talk about big business in

21.) Which statement is the most accurate? A When we talk about big business in the U.S., we're talking about oligopoly. B All oligopolists are very large firms. C Oligopolists pr…

2123B 570 × 1:06 e/afa98a5e-b4do-46a4-9286-511192a00680/tool uestion 5 of 18 1.0

2123B 570 × 1:06 e/afa98a5e-b4do-46a4-9286-511192a00680/tool uestion 5 of 18 1.0 Points lf a null h pothesis is rei cted in favor of the alternative at the 5% level of sig ificanc…

215. Economists examine pollution from the perspective of the: A) preferences of

215. Economists examine pollution from the perspective of the: A) preferences of people. B) intensity and duration of the harm to resources. C) desires of government bureaucrats. …

21st Century Pen Inc. produces 2000 pens per day, and hires 20 workers at a cost

21st Century Pen Inc. produces 2000 pens per day, and hires 20 workers at a cost of $200 per day per worker. The price of each pen is $5 each. 21st Century Pen Inc. pays a daily r…

22 . ( 3 pts) Under what conditions will a purely competitive firm realize an ec

22. ( 3 pts) Under what conditions will a purely competitive firm realize an economic profit? Give a response from a marginal revenue and marginal cost perspective and from a tota…

22 An oligopolist is currently charging a price of $170 and is selling 40 units

22 An oligopolist is currently charging a price of $170 and is selling 40 units of output weekly. If the firm increases price above $170, its rivals tend not to follow and the fir…

22 Which of the folowing statomentsre om a Suppose l GDP in 200s is 400 and is 4

22 Which of the folowing statomentsre om a Suppose l GDP in 200s is 400 and is 420 in 2006 Tha grown în 2006-20%. If the economy is in the cyclical pwing, the policy mahers should…

22% O 00-51:57 A sudden decrease in the availability of skilled labor will reduc

22% O 00-51:57 A sudden decrease in the availability of skilled labor will reduce the marginal productivity of capital that required those specific skilled workers. Suppose that t…

22) A reduction in government expenditure or an increase in taxes is defined as:

22) A reduction in government expenditure or an increase in taxes is defined as: A) contractionary fiscal policy.   B) expansionary monetary policy. C) contractionary monetary pol…

22) Consider the market for grapes. Suppose that there is bad weather in Califor

22) Consider the market for grapes. Suppose that there is bad weather in California and farmers are not able to produce as many grapes as usual. Also, at the same time, wages for …

22) In the market for reserves, a lower interest rate paid on excess reserves A)

22) In the market for reserves, a lower interest rate paid on excess reserves A) increases the supply of reserves. B) decreases the effective floor for the federal funds rate. C) …

22) Monetary policy refers to actions: A) Central bank to manage money supply an

22) Monetary policy refers to actions: A) Central bank to manage money supply and interest rates to achieve macroeconomic policy objectives. B) Head of State to manage government …

22) Refer to Figure 24-1. Ceteris paribus, an increase in the price level would

22) Refer to Figure 24-1. Ceteris paribus, an increase in the price level would be represented by a movement from A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B t…

22) Smaller companies typically do not trade on the A) New York Stock Exchange C

22) Smaller companies typically do not trade on the A) New York Stock Exchange C) Nasdacq 22) B) OTC Market D) American Stock Exchange 23) Whuch of the tollowing is not a major in…

22) What would happen in an econoemy if total planned production exceeded total

22) What would happen in an econoemy if total planned production exceeded total planned real 22) expenditures? A) Inventories would accumulate, and firms would tend to raise price…

22) Which energy source has the highest net energy ratio? a) Natural gas b) Hydr

22) Which energy source has the highest net energy ratio? a) Natural gas b) Hydropower c) Wind d) Oil e) Nuclear 23) What energy source provides the greatest share of electricity …

22) Which energy source has the highest net energy ratio? a) Natural gas b) Hydr

22) Which energy source has the highest net energy ratio? a) Natural gas b) Hydropower c) Wind d) Oil e) Nuclear 23) What energy source provides the greatest share of electricity …

22) Which of the foilowing is a legal barrier to entry? public franchise i) pate

22) Which of the foilowing is a legal barrier to entry? public franchise i) patent A)?? only B) i and li C) i and i D) i, i, and ii E) i and i 23) Price discrimination is A) alway…

22- Marginal cost is best defined as: Question 45 options: a- a cost that does n

22- Marginal cost is best defined as: Question 45 options: a- a cost that does not vary with the rate of output. b- the difference between fixed and variable cost at any level of …

22- The longer the time period under study, Question 22 options: a- the more ela

22- The longer the time period under study, Question 22 options: a- the more elastic is the price elasticity of demand. b- the less sensitive consumers will be to price changes. c…

22- The perpetual problem in economics is: Question 22 options: a- our inability

22- The perpetual problem in economics is: Question 22 options: a- our inability to work together effectively. b- our inability to satisfy everyone's wants with the available reso…

22-11. Explain the short-run impact of each of the following. A discovery that m

22-11. Explain the short-run impact of each of the following. A discovery that makes cold fusion a reality, greatly reducing the cost of producing energy An increase in the payrol…

22-year-old engineering graduate wants to accumulate $2,000,000 to be available

22-year-old engineering graduate wants to accumulate $2,000,000 to be available when she retires 40 years from today. She investigates several investment options and decides to in…

22. (8 points) The balance sheet below is an abbreviated version of Federal Rese

22. (8 points) The balance sheet below is an abbreviated version of Federal Reserve balance sheet in 2016 Titanic bank is fictional Federal Reserve millions S Loans to Banks Secur…

22. A competitive market with flexible pricesand many buyers and sellers will: (

22. A competitive market with flexible pricesand many buyers and sellers will: (Points: 3)       eliminate surpluses.        eliminateshortages.        reach an equilibriumwhere t…

22. A firm hiring labor in a purcly competitive labor market is a wage taker bec

22. A firm hiring labor in a purcly competitive labor market is a wage taker because: cach firm employs a small fraction of the total labor supply for a specific type of labor cac…

22. A firm is currently operating where the MC of the last unit produced =$64, a

22. A firm is currently operating where the MC of the last unit produced =$64, and the MR of this unit=$70. What would you advise this firm to do? a. Shut down b. Increase output …

22. A union controlled by management is known as: a. Sham union b. Company union

22. A union controlled by management is known as: a. Sham union b. Company union c. llegal union d. Management union 23. Which act was designed to free unions of control by organi…