Economics

36) In the short run, if marginal product is _______average product, then averag

36) In the short run, if marginal product is _______average product, then average variable cost is ________. A) above; decreasing B) below; decreasing C) above; increasing D) belo…

36) The opportunity cost of holding money is the A) nominal interest rate B) rea

36) The opportunity cost of holding money is the A) nominal interest rate B) real interest rate. C) inflation rate. D) time it takes to go to the ATM or bank. E) growth rate of re…

36) Which of the following distinguishes the short run from the long run in pure

36) Which of the following distinguishes the short run from the long run in pure competition? 36) A) The quantity of labor hired can vary in the long run but not in the short run.…

36- When the price of a good is above its equilibrium price, a: Question 36 opti

36- When the price of a good is above its equilibrium price, a: Question 36 options: a- surplus puts upward pressure on the price. b- surplus puts downward pressure on the price. …

36. By 1825, what area in the New World had the greatest portion of slaves? a. S

36. By 1825, what area in the New World had the greatest portion of slaves? a. Spanish colonies b. The West Indies c. The United States d. Brazil 37. From the 1ate 1780s to immedi…

36. Calculate (a) National income (b) Gross national disposable income from the

36. Calculate (a) National income (b) Gross national disposable income from the following data (in crores) Contents 100 150 (-) 10 10 30 120 S.No (0 Government final consumption e…

36. If the Fed reduces the required reserve ratio, a. excess reserves will incre

36. If the Fed reduces the required reserve ratio, a. excess reserves will increase. b. excess reserves will decrease. c. total reserves will increase. d. total reserves will decr…

36. If the Fed used \"open market operations\" to decrease the money supply, it

36. If the Fed used "open market operations" to decrease the money supply, it a. increased the federal funds rate. issued more federal government debt. c. b. sold U.S. government …

36. If the exchange rate rises, domestic goods become relatively ______ expensiv

36. If the exchange rate rises, domestic goods become relatively ______ expensive. This change in the affordability of domestic goods makes domestic goods _____ attractive to fore…

36. In the United Sates: A. taxes decrease, but transfers increase, B. taxes inc

36. In the United Sates: A. taxes decrease, but transfers increase, B. taxes increase, but transfers reduce, income inequality C. both taxes and transfers decrease income inoquali…

36. Initially, quantitative easing was not much help in creating economic growth

36. Initially, quantitative easing was not much help in creating economic growth because a. banks did not lend out the excess reserves that were created by quantitative easing b. …

36. On June 14, 2011, the Delaware Senate approved a gun buyback program. The ye

36. On June 14, 2011, the Delaware Senate approved a gun buyback program. The yearlong program would authorize the state to pay $100 for every gun turned over to police. What sort…

36. Other things the same, as the price level rises, curve a the interest rate e

36. Other things the same, as the price level rises, curve a the interest rate e rises causing aggregate demand to shift. b. the interest rate rises causing a movement along a giv…

36. Persuasive advertising: A) is informative. B) is wasteful. C) can create mar

36. Persuasive advertising: A) is informative. B) is wasteful. C) can create market power for firms through brand differentiation D) has been shown to do little to increase sales.…

36. Persuasive advertising: A) is informative. B) is wasteful. C) can create mar

36. Persuasive advertising: A) is informative. B) is wasteful. C) can create market power for firms through brand differentiation D) has been shown to do little to increase sales.…

36. Refer to the accompanying figure above. Suppose that a consumer is originall

36. Refer to the accompanying figure above. Suppose that a consumer is originally at point R. Then the prnice of good x decreases. Which of the following represents the income eff…

36. Suppose you bought a ticket to a football game for $30 and that you place a

36. Suppose you bought a ticket to a football game for $30 and that you place a $35 value on seeing the game. If you lose the ticket, then what is the maximum price you should pay…

36. The equilibrium interest rate is determined by 37. Which of the following st

36.  The equilibrium interest rate is determined by 37.  Which of the following statements is true? 38.  If the MPC in an economy is .8, government could shift the aggregate deman…

36. Through which of the following does the government primarily regulate workpl

36. Through which of the following does the government primarily regulate workplace safety? A. The Occupational Safety and Health Act B.The Fair Labor Standards Act C. The Wagner …

36. To guard against abuse of employment practices in other nations, multination

36. To guard against abuse of employment practices in other nations, multinationals should do all of the following except: A. establish minimal acceptable standards that safeguard…

36. To guard against abuse of employment practices in other nations, multination

36. To guard against abuse of employment practices in other nations, multinationals should do all of the following except: A establish minimal acceptable standards that safeguard …

36. Unions and efficiency wages usually lead to wages that are below the equilib

36. Unions and efficiency wages usually lead to wages that are below the equilibrium level. True False 37. A shift in demand for a given factor of production will NOT occur if: th…

36. Which of the following is not a chief concern of a. economic growth b. full

36. Which of the following is not a chief concern of a. economic growth b. full employment c. price stability (low inflation) d. all of the above e. none of the above 37. In the v…

36. Which of the following is true for perfect competition but not true for mono

36. Which of the following is true for perfect competition but not true for monopolistic competition and monopoly? a. MC = MR. b. P = MC. c. Positive long run profits. d. Both b a…

36. Which of the following statements is/are TRUE regarding Savings &Loan; Assoc

36. Which of the following statements is/are TRUE regarding Savings &Loan; Associations 9 (2 points) and/or Mutual Savings Banks? CIRCLE ALL THAT APPLY. Savings & Loan Ass…

37 A declmc in the quunty of real rint demanded siong the agregne demand curve i

37 A declmc in the quunty of real rint demanded siong the agregne demand curve is resuit of an A. Dectcase in the level of income B Increase in thhe price level C Increase in the …

37) An advantage monetary policy has over fiscal policy is that monetary policy

37) An advantage monetary policy has over fiscal policy is that monetary policy A) can be quickly changed and implemented. B) is coordinated with fiscal policy C) is approved by t…

37) Jim, a VP at a large company, helps employees with personal problems, is fri

37) Jim, a VP at a large company, helps employees with personal problems, is friendly and approachable, treats all employees as equals, and expresses appreciation and support. In …

37) One characteristic of built-in or automatic stabilizers is that 37) A) they

37) One characteristic of built-in or automatic stabilizers is that 37) A) they reduce the size of the public debt during times of recession. B) they require no new legislative ac…

37) Vaccinating people against a communicable disease such as influenza not only

37) Vaccinating people against a communicable disease such as influenza not only reduces the chances that the person vaccinated will catch the disease but also reduces the probabi…

37. (Problem 2) Your study partner is confused by the upward-sloping short-run a

37. (Problem 2) Your study partner is confused by the upward-sloping short-run aggregate supply curve and the vertical long-run aggregate supply curve. How would you explain this?…

37. A monopolist is currently producing 10,000 units of output at a price of $50

37. A monopolist is currently producing 10,000 units of output at a price of $50 per unit. At that level of output, marginal cost is equal to $50 and profit is equal to $1,000. Wh…

37. According to the efficient market hypothesis: stocks are often overpriced. t

37. According to the efficient market hypothesis: stocks are often overpriced. the random fluctuations of the value of stocks is unexplainable. stocks are neither overpriced or un…

37. According to the quantity theory of money, what is the effect of an increase

37. According to the quantity theory of money, what is the effect of an increase in the quantity of money? 38. Explain the difference between nominal and real variables, and give …

37. Assume the Marshall-Lerner condition holds. Which of the following will caus

37. Assume the Marshall-Lerner condition holds. Which of the following will cause an increase in net exports? A) an increase in government spending B) an increase in investment C)…

37. Before becoming president, FDR was the governor of: a. New York. b. Massachu

37. Before becoming president, FDR was the governor of: a. New York. b. Massachusetts. c. Virginia. d. Georgia e. Illinois. 38. The bank “holiday” was declared by FDR in his first…

37. Figure 10.3 shows the demand, marginal revenue, and cost curves for a monopo

37. Figure 10.3 shows the demand, marginal revenue, and cost curves for a monopolistic competitor. In th * Figure 10.3. MC Price ATC GMN III MR 10 15 Quantity a. new technology wi…

37. How does the liquidity premium theory of the term structure of interest rate

37. How does the liquidity premium theory of the term structure of interest rates differ from the unbiased expectations theory? In a normal economic environment, that is, an upwar…

37. If you are an international businessperson arrested and taken into custody i

37. If you are an international businessperson arrested and taken into custody in a foreign country, the best approach is to A. notify your embassy, try to understand the issues, …

37. Instructions: Enter your answers as whole numbers. a. Using the above data,

37. Instructions: Enter your answers as whole numbers. a. Using the above data, determine GDP by both the expenditures and the income approaches. Then determine NDP. GDP using the…

37. Jon Snow has recently opened a vintage clothing store and employs four worke

37. Jon Snow has recently opened a vintage clothing store and employs four workers, and pays them competitively Each article of clothing that he sells costs $5 to obtain, and must…

37. Oligopoly firms that produce only cement are less likely to collude than fir

37. Oligopoly firms that produce only cement are less likely to collude than firms in a cell phone oligopoly A) True B) False 38. If monopolistically competitive firms are earning…

37. Rank the following items in terms of least liquid to most liquid. a) my hous

37. Rank the following items in terms of least liquid to most liquid. a) my house, government bonds, a check from your mom, cash b) cash, credit cards, government bonds, checkable…

37. The existence of economic profits in a competitive market A. Is usually agai

37. The existence of economic profits in a competitive market A. Is usually against the law B. Allows firms to create monopolies C. Results in normality D. Will attract competitor…

37. What is one way in which monopolistic competition differs from perfect compe

37. What is one way in which monopolistic competition differs from perfect competition? a. In monopolistically competitive markets there are barriers to entry b. In monopolistical…

37. When working with GDP, why it is important to understand and know about good

37. When working with GDP, why it is important to understand and know about goods reaching their final selling point (a final good or service) a. It keeps the price level even b. …

37. Which of the following is a characteristic of an oligopolistic market struct

37. Which of the following is a characteristic of an oligopolistic market structure! A) Each firm sells a unique product. ) It is easy for new firms to enter the industry. C) Ther…

37. Which of the following is true regarding the inflow of FDI? A. Even though d

37. Which of the following is true regarding the inflow of FDI? A. Even though developing nations still account for the largest share of FDI inflows, FDI into developed nations ha…

37. Which of the following statements is/are TRUE regarding Finance Companies? C

37. Which of the following statements is/are TRUE regarding Finance Companies? CIRCLE ALL THAT APPLY (2 points) Finance companies are money-market intermediaries which fund themse…

37. You are to identify an industry or business in which you are interested.This

37.   You are to identify an industry or business in which you are interested.This could be a career interest area or even an organization that could serve as the context for your…