Economics

27. Which of the following is a characteristic of monopolistic competition? A) E

27. Which of the following is a characteristic of monopolistic competition? A) Easy entry and exit B) Few firms C) Strategic dependence D) Homogeneous products 29. Firms that prod…

27. Which of the following is a possible explanation for the fall in prices afte

27. Which of the following is a possible explanation for the fall in prices after an industry is monopolized by combining a group of competitors? Need the Answer: A monopolist fac…

27. Which of the following statements is correct? A. The Treasury bills that are

27. Which of the following statements is correct? A. The Treasury bills that are purchased by the Fed are not part of our national debt. B. The national debt is equal to the dolla…

27. Which of the following statements is/are TRUE regarding an annuity? (2 point

27. Which of the following statements is/are TRUE regarding an annuity? (2 points) CIRCLE ALL THAT APPLY. a. b. c. The insurance A policyholder may pay for an annuity with a singl…

27.) For Questions a-f, consider a household that consume only two goods – food

27.) For Questions a-f, consider a household that consume only two goods – food and “other goods” – that are each normal goods The income of the household is $120, the price of fo…

27.) If the economy were producing at point F A. it would not be using its resou

27.) If the economy were producing at point F A. it would not be using its resources efficiently. it would be in a recession. B. C. D. it could gain units of guns without having t…

27.Individuals with low incomes probably a. pay no Social Security tax b. pay mo

27.Individuals with low incomes probably a. pay no Social Security tax b. pay more Social Security tax than income tax c. pay less Social Security tax than personal income tax d. …

27/ Logitech had modest which became its business operating center because: inni

27/ Logitech had modest which became its business operating center because: innings in Apples, Switzerland and soon expanded to Fremont, CA Apples a/ Fremont is a low cost area to…

2700 2600 2500 2400 955 1956 1957 YEAR Source: \"Current-dollar and Real GDP, Bu

2700 2600 2500 2400 955 1956 1957 YEAR Source: "Current-dollar and Real GDP, Bureau of Economics Analysis, last modifnied May 1, 13, accessed May 15, 13, http://www.bea.gov/nation…

271 Which statement is Irse as it regards a) The level of e produced of demand.

271 Which statement is Irse as it regards a) The level of e produced of demand. mployment is not afflected by the amount of goods and services b) Businesses produce the level of o…

28 IfGDP cxceeds agsaresate expeaditures A Saving will exceed planned invest ie

28 IfGDP cxceeds agsaresate expeaditures A Saving will exceed planned invest ie B. Planned invemem will exceed saving Planned investment will exceed actual investment D Injectioas…

28 Player 1 has three strategies (I, II, III) and player 2 has three strategies

28 Player 1 has three strategies (I, II, III) and player 2 has three strategies (A, B, C). Given the following payoff matrix (the bigger number, the better; the first number of ea…

28 Suppose that in a year an American There are 1 million workers in each countr

28 Suppose that in a year an American There are 1 million workers in each country. worker can produce 60 shirts or 30 and a Chinese worker can produce 60 shirts or 12 computers. U…

28 The Economics of Crime For example, if a car thief is always expected to impo

28 The Economics of Crime For example, if a car thief is always expected to impose more costs on society than the cost of incapacitation, that criminal should be incarcerated for …

28 The depreciation of currency will: Have no impact on a country\'s comparative

28 The depreciation of currency will: Have no impact on a country's comparative advantage. Balance a trade surplus. Worsen a country's comparative advantage. Improve a country's c…

28 Total Product-ost0000 Average e Fixed Average Variable Average Totd Cost- $17

28 Total Product-ost0000 Average e Fixed Average Variable Average Totd Cost- $17.0 Cost $117.00 66.0 48.3 39.2 34.0 30.6 30.0 30.0 33.3 25.0 20.0 16.6 14.2 4.0 15.71 17.5 19.4 21.…

28) If the banking system has a large amount of reserves, many banks will have e

28) If the banking system has a large amount of reserves, many banks will have excess reserves to lend and the federal funds rate will probably ________; if the level of reserves …

28) Use the above figur A) dollar depreciation. B) dollar appreciation. C) euro

28) Use the above figur A) dollar depreciation. B) dollar appreciation. C) euro depreciation. D) reducing the equilibrium quantity of euros. e. A rightward shift of the demand cur…

28) Which of the following statements correctly identifies a similarity between

28) Which of the following statements correctly identifies a similarity between monopoly competition? A) Entry is restricted in both market structures. B) Price equals marginal co…

28) Which of the shapes below best describes a typical Hubert curve a) Exponenti

28) Which of the shapes below best describes a typical Hubert curve a) Exponential growth b) A U shape c) A bell shape d) A pyramid e) An S shape 29) Which one of the following st…

28- A rightward shift in the demand curve is called a(an): Question 28 options:

28- A rightward shift in the demand curve is called a(an): Question 28 options: a- decrease in output. b- decrease in demand. d- increase in demand. e- increase in income. 28- A r…

28-70. The law of supply lustrates that a. as price increases, quantity supplied

28-70. The law of supply lustrates that a. as price increases, quantity supplied decreases b. demand must increase to cause an increase in quantity supplied c. a change in price c…

28. (Figure: Effects of Contract ionary Fiscal Policies) Contractionary fiscal p

28. (Figure: Effects of Contract ionary Fiscal Policies) Contractionary fiscal polickes eul LRAS SRAS AD Aggregate Output (Q) A) B) lead to a higher price level and lower employme…

28. (Table: Production Possibilities Schedule II) Look at the table Production P

28. (Table: Production Possibilities Schedule II) Look at the table Production Possibilities Schedule II. If the economy is producing at alternative X, the opportunity cost of pro…

28. An employee who is a citizen of the nation in which his/her company is headq

28. An employee who is a citizen of the nation in which his/her company is headquartered is known as A. a parent-country national. B. a host-country national. C. an ethnocentric e…

28. Consider a firm that sells output and buys labor in a competitive market. Th

28. Consider a firm that sells output and buys labor in a competitive market. The firm's production function is given by q = K-L, where q is the quantity of output, K is the amoun…

28. Economists summarize a country\'s transactions with other countries with a(n

28. Economists summarize a country's transactions with other countries with a(n) account A) circular-flow B) balance of payments C) exchange rate D) purchasing power parity 29. If…

28. Federal administrative agencies are created by A. the Constitution B. the co

28. Federal administrative agencies are created by A. the Constitution B. the courts C. congressional legislation D. special elections E. none of the above 29. Bill begins work at…

28. If you have 10,000 bushels of corn in bins, you are considered; a. Short in

28. If you have 10,000 bushels of corn in bins, you are considered; a. Short in the Cash Market. b. Long in the Cash Market. c. Short in the Futures Market. d. Long in the Futures…

28. One difference between a public and a private good is that the former exhibi

28.        One difference between a public and a private good is that the former exhibits a(n) __________ demand. a.   competing b.   complementary c.   inelastic d.   elastic 30.…

28. Paying off the debt makes our society poorer when the debt is held by A. For

28. Paying off the debt makes our society poorer when the debt is held by A. Foreign households B. U.S. households C. U.S. corporations D. State and local governments E. All of th…

28. Please refer to the graph above. At which point is your business breaking-ev

28. Please refer to the graph above. At which point is your business breaking-even? A. A B. B C. C D. D 29. Please refer to the graph above. At which point is your business shutti…

28. Saving is ___ a. helpful for production but not necessary b. not useful for

28. Saving is ___ a. helpful for production but not necessary b. not useful for production because it decreases consumption c. required for production d. not useful for production…

28. Suppose a farmer is a price taker in soybeans with cost functions given by T

28. Suppose a farmer is a price taker in soybeans with cost functions given by TC = .1q2 + 2q + 100 MC = .2q + 2 Suppose the farmer has to purchase a license for $50, the new marg…

28. Suppose that Boeing and Airbus are the only two firms that can produce a par

28. Suppose that Boeing and Airbus are the only two firms that can produce a particular type of aircraft. Each has a choice of producing or not producing it. The payoff matrix is …

28. The first Bank of the United States (a) Lent only to Northern merchants (b)

28. The first Bank of the United States (a) Lent only to Northern merchants (b) Provided loans to small merchants throughout the country (c) Could not be trusted to hold the feder…

28. There would be no economic problems in a world where all resources are: owne

28. There would be no economic problems in a world where all resources are: owned by the government. privately owned. scarce. unlimited. 29. Which of the following is part of a pl…

28. True or false? Because there are few substitutes for insulin, we expect the

28. True or false? Because there are few substitutes for insulin, we expect the price elasticity of demand for insulin to be fairly elastic. 32. True or false? The demand for drug…

28. What do we know about price ceilings and price floo They cause surpluses and

28. What do we know about price ceilings and price floo They cause surpluses and shortages to persist since equilibrium price They are imposed because they can make the poor in th…

28. When firms in a price-taker market are temporarily able tocharge prices that

28.   When firms in a price-taker market are temporarily able tocharge prices that exceed their production costs, A.   the firms will earn long-run economicprofit. B.   additional…

28. When regulators require that a natural monopoly sets price equal to average

28. When regulators require that a natural monopoly sets price equal to average total cost A] this is known as allowing a fair rate of return. BI the firm earns a normal profit. C…

28. Which of the following correctly describes the relationship between producti

28. Which of the following correctly describes the relationship between productivity growth, unemployment, and the economy's production possibilities frontier? A. An increase in p…

28. Which of the following does not represent one of the goals of the Federal Re

28. Which of the following does not represent one of the goals of the Federal Reserve? a. Balanced budget b. low inflation c. high employment d. economic growth 29. A tighter mone…

28. Which of the following is an example of product competition? a.A movie theat

28.Which of the following is an example of product competition? a.A movie theater and a video rental store b.A sports drink, a soda, and a bottle of water c.An amusement park, a C…

28. Which of the following marketing initiatives takes advantage of all the elem

28.Which of the following marketing initiatives takes advantage of all the elements of the marketing mix? a.Nike sends a press release to Runner’s World magazine announcing a firs…

28. Which of the following statements is correct? A. When the global sector purc

28. Which of the following statements is correct? A. When the global sector purchases Treasury bills, those purchases help to mitigate the interest rate effect of Treasury buying.…

28. Why are workers with high skills and much experience not affected by the min

28. Why are workers with high skills and much experience not affected by the minimum wage? a. They belong to unions. b. They are not legally guaranteed the minimum wage. c. They g…

28.Which of the following is NOT a capital component of the weighted average cos

28.Which of the following is NOT a capital component of the weighted average cost of capital (WACC) formula? Long-term debt. Accounts payable. Retained earnings. Common stock. Pre…

28The Herfindahl-Hirschman Index is a measure of market power that focuses on: t

28The Herfindahl-Hirschman Index is a measure of market power that focuses on: the ratio of the price of a firm's product to the price elasticity of demand for the product. the sh…

29 Information on the price elasticity of demand is particularly important to ma

29 Information on the price elasticity of demand is particularly important to managerial decision making because: the higher the price elasticity of demand for a product is, the m…