Economics

23) Which of the following is classified as an intermediate g the purchase of a

23) Which of the following is classified as an intermediate g the purchase of a Big Mac by a college student ii) McDonald's purchase of pickles )a McDonaldt's restaurant owner's i…

23) Which of the following is likely to occur as the result of the law of dimini

23) Which of the following is likely to occur as the result of the law of diminishing, marginal u CA) Hudson enjoyed his second slice of pizza more than his first. B) Sabine's uti…

23) You participate in a taste test for a new protein supplement called \"Boost.

23) You participate in a taste test for a new protein supplement called "Boost." You are given five consecutive one ounce vials of the supplement and after consuming each vial you…

23)If quantity supplied is less at each price, we say that there has been -a dec

23)If quantity supplied is less at each price, we say that there has been -a decrease in demand. -an increase in supply. -an increase in demand. -a decrease in supply. 24)A public…

23,. A financial institution engages inwhen it finances its investments with bor

23,. A financial institution engages inwhen it finances its investments with borrowed funds. A. Arbitrage B. Bartering C. Thrifting D. Leverage 24. Banks have sometimes been subje…

23- Consider the market for grapes. An increase in the wage paid to grape picker

23- Consider the market for grapes. An increase in the wage paid to grape pickers will cause the: Question 23 options: a- demand curve for grapes to shift to the right, resulting …

23- If the price elasticity of demand coefficient equals 2, this means a 10 perc

23- If the price elasticity of demand coefficient equals 2, this means a 10 percent increase in price will result in a 20 percent decrease in the quantity demanded. Question 23 op…

23. Assume that the Laffer curve begins to bend backward at a marginal tax rate

23. Assume that the Laffer curve begins to bend backward at a marginal tax rate of 75%. The current marginal tax rate is 35%. what will happen to total tax revenues if the margina…

23. At points on the short-run aggregate supply to the right of the long-run agg

23. At points on the short-run aggregate supply to the right of the long-run aggregate supply curve, resources are: A) overutilized, making it more likely that the short-run aggre…

23. Charlie has standard (bowed in toward the origin) indifference curves for th

23. Charlie has standard (bowed in toward the origin) indifference curves for the only two goods he consumes, cereal and orange juice. When the price of cereal falls, Charlie buys…

23. Charlie has standard (bowed in toward the origin) indifference curves for th

23. Charlie has standard (bowed in toward the origin) indifference curves for the only two goods he consumes, cereal and orange juice. When the price of cereal falls, Charlie buys…

23. Charlie has standard (bowed in toward the origin) indifference curves for th

23. Charlie has standard (bowed in toward the origin) indifference curves for the only two goods he consumes, cereal and orange juice. When the price of cereal falls, Charlie buys…

23. Charlie has standard (bowed in toward the origin) indifference curves for th

23. Charlie has standard (bowed in toward the origin) indifference curves for the only two goods he consumes, cereal and orange juice. When the price of cereal falls, Charlie buys…

23. Choose TWO of th provided. (10 points) e following short answer questions an

23. Choose TWO of th provided. (10 points) e following short answer questions and answer them using the space 1. On e of the scarce resources that constrain our behavior is time. …

23. Figure: Demand, Supply Shifts Reference: Ret 4-13 (Figure: Demand, Supply Sh

23. Figure: Demand, Supply Shifts Reference: Ret 4-13 (Figure: Demand, Supply Shifts) In the figure, the initial demand curve is D and the initial supply curve is S1. If technolog…

23. Government policy responses to negative externalities in a market are: a) hi

23. Government policy responses to negative externalities in a market are: a) higher taxes and restrictive regulation. b) higher taxes and mandates to increase use of the product …

23. If Harry promises to pay Larry not to park in a no-parking zone in front of

23. If Harry promises to pay Larry not to park in a no-parking zone in front of Harry's house, then the agreement is Enforceable because Larry is giving up the right to do somethi…

23. If a decrease in the price of theater tickets increases the total revenue ca

23. If a decrease in the price of theater tickets increases the total revenue carned by the theater, this is evidence that demand is: a. price elastic. b. price inelastic. c. unit…

23. If a positive externality exists in a market, the marginal: social benefit e

23. If a positive externality exists in a market, the marginal: social benefit exceeds the marginal private benefit. private benefit exceeds the marginal social benefit. private c…

23. If the economy is in a recession and a decrease in taxes is proposed, Keynes

23. If the economy is in a recession and a decrease in taxes is proposed, Keynesians would call it a(n)(expansionary/ contractionary/ budge policy approach that is designed to cau…

23. In the socialist calculation debate, Mises argued that __________ determined

23. In the socialist calculation debate, Mises argued that __________ determined in a market context were necessary for rational economic calculation. a.   interest rates b.   pro…

23. Manumission laws: (a) Allowed slaveholders to take their slaves to free stat

23. Manumission laws: (a) Allowed slaveholders to take their slaves to free states without losing their slaveholding rights over a slave b) Allowed slaveholders to educate their s…

23. Many universities give scholarships to athletes, low-income students, and hi

23. Many universities give scholarships to athletes, low-income students, and high-performing students that reduce the scholarship recipient's cost of getting a college education.…

23. Suppose a farmer is a price taker (MR = P = 6) in soybeans with cost functio

23. Suppose a farmer is a price taker (MR = P = 6) in soybeans with cost functions given by TC = .1q2 + 2q + 100 MC = .2q + 2 The firm’s supply curve is given by a. .2q + 2 c. .1q…

23. Suppose that at current consumption levels an individual\'s marginal utility

23. Suppose that at current consumption levels an individual's marginal utility of consuming an extra hot dog is 10 whereas the marginal utility of consuming an extra soft drink i…

23. Suppose the U.S. government decides to increase its exports to Turkey. All o

23. Suppose the U.S. government decides to increase its exports to Turkey. All other things unchanged, a) U.S. aggregate demand increases and Turkey's aggregate demand decreases. …

23. The concept of diminishing marginal utility of income can support redistribu

23. The concept of diminishing marginal utility of income can support redistribution of income to make the distribution of income more equal. This concept says that: a) lower inco…

23. The following diagram shows the consumer and producer surplus in the market

23. The following diagram shows the consumer and producer surplus in the market for bread. Consider changes in the elasticities of the demand and supply curves. Assuming that the …

23. The fractional reserve banking system in the U.S. is based on the practices

23. The fractional reserve banking system in the U.S. is based on the practices of a. the goldsmiths. b. the federal reserve system c. the latest world banking regulations. d. cur…

23. The fractional reserve banking system in the U.S. is based on the practices

23. The fractional reserve banking system in the U.S. is based on the practices of a. the goldsmiths. b. the federal reserve system c. the latest world banking regulations. d. cur…

23. The residual dividend approach is based on the premise that: A) The sale of

23. The residual dividend approach is based on the premise that: A) The sale of new equity is a desirable alternative to altering dividend payout. B) Maintaining a predictable div…

23. The time required to complete a final examination in a particular college co

23. The time required to complete a final examination in a particular college course is normally distributed with a mean of 80 minutes and a standard deviation of 10 minutes. Answ…

23. The total return on a stock comes from (2 points) a. dividend payments and c

23. The total return on a stock comes from (2 points) a. dividend payments and changes in the stock price over the period you own it b. the stock's yield on its beta c interest pa…

23. The total return on a stock comes from (2 points) a. dividend payments and c

23. The total return on a stock comes from (2 points) a. dividend payments and changes in the stock price over the period you own it b. the stock's yield on its beta c interest pa…

23. The1992dramafilm Lorenzo’sOil isbasedonthetruestoryofLorenzoOdone, who was d

23. The1992dramafilmLorenzo’sOilisbasedonthetruestoryofLorenzoOdone, who was diagnosed with a hereditary orphan disease called adrenoleukodystrophy (ALD). His diagnosis induced hi…

23. Today, money is the form of currency (Federal Reserve Notes) can only be red

23. Today, money is the form of currency (Federal Reserve Notes) can only be redeemed for: A. gold B. silver C. Treasury Bonds D. demand deposits E. Other Federal Reserve Notes 24…

23. When Bank A borrows reserves in the federal funds market, it causes the tota

23. When Bank A borrows reserves in the federal funds market, it causes the total reserves in the banking system to increase. True or false 29.The last transaction in the federal …

23. When potential GDP is actual real GDP, theFederal Reserve acts to decrease t

23. When potential GDP is actual real GDP, theFederal Reserve acts to decrease the money supply in the economy, and aggregate ceteris paribus. demandwill a) less than; increase bj…

23. Whene ever actual reserves exceed desired reserves, the bank (a) will lend o

23. Whene ever actual reserves exceed desired reserves, the bank (a) will lend out additional funds. (b) will go out of business (e) needs to call in loans. (d) will borrow funds …

23. Which of the following describes oligopolistic interdependence? a. Each olig

23. Which of the following describes oligopolistic interdependence? a. Each oligopolist makes price and output policies with their effect on other firms in mind. b. There are impo…

23. Which of the following is a reason given by the Anti-Federalists for opposin

23. Which of the following is a reason given by the Anti-Federalists for opposing the ratification of the new constitution? Select one: a. They were concerned because it lacked a …

23. Which of the following supports the argument that customer demands for local

23. Which of the following supports the argument that customer demands for local customization are on the decline worldwide? A. Local and indigenous industries are increasingly fi…

23. Which one of the following statements is correct? a. An increase in the earn

23. Which one of the following statements is correct? a. An increase in the earnings per share as a result of an acquisition wil increase the price per share of the acquiring firm…

23. \"Late trading\" refers to: (2 points) Trading which occurs during the stock

23. "Late trading" refers to: (2 points) Trading which occurs during the stock market's "extended session" in the evening hours Trading which occurs after the last of the quarter …

23. specialization in trade will be economically efficient if it is based upon:

23. specialization in trade will be economically efficient if it is based upon: a.comparative advantage b.government regulations c.absolute advantage d.national security needs 25.…

23. suppose a curreny\'s value in the foreign exchange market is determined sole

23. suppose a curreny's value in the foreign exchange market is determined solely by market supply and demand without any intervention by the government authority, the currency ha…

23. suppose a curreny\'s value in the foreign exchange market is determined sole

23. suppose a curreny's value in the foreign exchange market is determined solely by market supply and demand without any intervention by the government authority, the currency ha…

23. which of the following is not a common argument for trade protection? A. To

23. which of the following is not a common argument for trade protection? A. To protect against civil unrest 8. To protect infant industries C To protect domestic jobs D. To ensur…

23.What are the redistributive effects of inflation? 24. What is an example of t

23.What are the redistributive effects of inflation? 24. What is an example of the following: a) a demand theory of the business cyele b) a supply side theory of the business eycl…

23.sincee 2009, Congress has given the Fed new policy tools, most notably the au

23.sincee 2009, Congress has given the Fed new policy tools, most notably the authority to (a) pay interest on bank reserves (b) close the stock market if trading becomes "disrupt…