Economics

40) Which antitrust law prohibits all conspiracies in restraint of trade and all

40) Which antitrust law prohibits all conspiracies in restraint of trade and all attempts to monopolize industries? (2pts) Celler-Kefauver Act Clayton Act Wheeler-Lea Act Sherman …

40-014 tran 20quizzes Final Examination Final Examination Ques Started: Dec 15 a

40-014 tran 20quizzes Final Examination Final Examination Ques Started: Dec 15 at 11:05am Quiz Instructions You have 2.5 hours to complete this exam. It cannot be closed and retur…

40. A monopolist a. can raise its price without losing any sales because it is t

40. A monopolist a. can raise its price without losing any sales because it is the only supplier in the market. b. can earn a greater than normal rate of return in the long run. c…

40. Economic goods and services produced by business firms are A. Productivity B

40. Economic goods and services produced by business firms are A. Productivity B. Resources C. Technological progress D. Outputs E. Innovations 41. A dentist's practice is organiz…

40. Marginal revenue is equal to: A. total revenue divided by its output. B. mar

40. Marginal revenue is equal to: A. total revenue divided by its output. B. marginal cost C. the change in total revenue associated with a change in quantity D. the change in tot…

40. Suppose that aggregate demand increases such that the amount of real output

40. Suppose that aggregate demand increases such that the amount of real output demanded rises by $15 billion at each price level. Instructions: Enter your answers as whole number…

40. The concept of utility is: A) objective so that psychologists can m easure u

40.  The concept of utility is:          A)                    objective so that psychologists can measure utility and compare one person's utility with that of another person. B)…

40. Which of the following statements is/are TRUE regarding leasing transactions

40. Which of the following statements is/are TRUE regarding leasing transactions? CIRCLE ALL THAT APPLY (2 points) The finance company purchases the asset, such as a jet, railroad…

40. You are given the following information about aggregate demand at the existi

40. You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $500 billion; (2) investment = $50 billion; (3) go…

40.The optimal capital structure is the mixture of debt and equity which: I. Max

40.The optimal capital structure is the mixture of debt and equity which: I. Maximizes the value of the firm. II. Minimizes the firm's weighted average cost of capital. III. Maxim…

400 ??-?? 025 50 75 100 6) The above figure shows the demand and cost curves fac

400 ??-?? 025 50 75 100 6) The above figure shows the demand and cost curves facing a monopoly. At the profit-maximizing price, the elasticity of demand equals A) zero. B) -3. C) …

400 Cars 300 (millions per year) 200 100 0 100 200 300 400 Grain (millions of to

400 Cars 300 (millions per year) 200 100 0 100 200 300 400 Grain (millions of tons per year) 14. For the economy shown above to operate at point C, it must Be willing to lower the…

41) Many remedies to resolving externalities involve \"internalizing the externa

41) Many remedies to resolving externalities involve "internalizing the externality." Which BEST approximates that goal? A) buying yourself flowers to counteract the bad smell fro…

41) TFC/Q + TVC/Q is the formula for a) average total cost. b) marginal cost. c)

41) TFC/Q + TVC/Q is the formula for a) average total cost. b) marginal cost. c) total cost d) variable cost. 42) When a firm grows so large that it becomes difficult to manage in…

41) The three business cycle models differ mostly in their treatment of ________

41) The three business cycle models differ mostly in their treatment of ________. A) aggregate demand B) short-run aggregate supply C) long-run aggregate supply D) productivity sh…

41- Which of the following must be included in the calculation of GDP? a. The sa

41- Which of the following must be included in the calculation of GDP?      a.   The sale of a used car to an auto dealer      b.   Bartering lawn care services for car washes    …

41. (Table: Monetary Aggregates) Refer to the information in the table Monetary

41. (Table: Monetary Aggregates) Refer to the information in the table Monetary M2 is: A) $2,805 billion. B) $3,340 billion C) $3,355 billion. D) $2,005 billion. Use the following…

41. A monopoly firm is different from a competitive firm in that: (Points : 2) t

41. A monopoly firm is different from a competitive firm in that: (Points : 2) there are many substitutes for a monopolist's product while there are no substitutes for a competiti…

41. As actual output rises above the potential level, which of the following mus

41. As actual output rises above the potential level, which of the following must be true? a. more resources become unemployed b. prices remain constant c. real GDP rises d. nomin…

41. At high levels of interest, borrowers will borrow ____ and suppliers will su

41. At high levels of interest, borrowers will borrow ____ and suppliers will supply ____. a. more; less b. less; more c. less; less d. more; more ____   42.   Firms should stop b…

41. By requiring that applicants for insurance policies fill out lengthy forms a

41. By requiring that applicants for insurance policies fill out lengthy forms an attempt to guard against: take a physical examination, insurer a. unbounded rationality b. advers…

41. Credit cards are considered a. part of the money supply b. not part of the m

41. Credit cards are considered a. part of the money supply b. not part of the money supply c. part of the government's debt d. none of the above 42. Which of the following is an …

41. In the equation of exchange, which 2 variables did classical economists assu

41. In the equation of exchange, which 2 variables did classical economists assume were constant? B. Money supply and real GDP D. Real GDP and velocity of money A. Money supply an…

41. One of the conditions under which price discrimination is profitable is: a.

41. One of the conditions under which price discrimination is profitable is: a. costs vary among customers. b. inelastic demand in each submarket. c. differences in demand elastic…

41. Opponents of economic growth often cite which of the following as a reason:

41. Opponents of economic growth often cite which of the following as a reason: a. growth is for greedy humans b. growth damages the environment c. growth results in poorer fiscal…

41. Perfect and monopolistic competition are similar in some ways, and different

41. Perfect and monopolistic competition are similar in some ways, and different in similar? a way in which perfect competition and monopolistic competition are a. Fi b Firms in e…

41. The PAYGO budget requirement means:

41.   The PAYGO budget requirement means:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> a.   that only programs generating revenues may be prop…

41. The discount rate is the interest rate that banks charge one another for loa

41. The discount rate is the interest rate that        banks charge one another for loans.        banks charge the Fed for loans.        the Fed charges banks for loans.        th…

41. The long-run supply curve for a competitive constant-cost industry is: A) ho

41. The long-run supply curve for a competitive constant-cost industry is: A) horizontal. B) vertical. C) downward-sloping. D) upward-sloping. 42. An economist left his $100,000-a…

41. U.S. exports represent two flows: An inflow of goods or services, and an inf

41. U.S. exports represent two flows: An inflow of goods or services, and an inflow of payments An outflow of goods or services, and an outflow of payments An inflow of goods or s…

41. Which of the following is a valid statement about the Keynesian and classica

41. Which of the following is a valid statement about the Keynesian and classical models of the macroeconomy? A. Fiscal policy will affect output in the Keynesian model, but only …

41. Which statement is true? A. Big business has a great deal of economic power

41. Which statement is true? A. Big business has a great deal of economic power but very little political power. B. Big business has a great deal of political power but very littl…

41.Which of the following is a valid statement about the Keynesian and classical

41.Which of the following is a valid statement about the Keynesian and classical models of the macroeconomy? A. Fiscal policy will affect output in the Keynesian model, but only t…

42 Cyclical r is closelty associated with 43 The labor force equal. the b, numbe

42 Cyclical r is closelty associated with 43 The labor force equal. the b, number of people who unemployed. g nuwmber of people employed plus the sumber of people unempkoye d. adu…

42 please? 42. The marginal propensity to save is O savings divided by aggregate

42 please? 42. The marginal propensity to save is O savings divided by aggregate income. 1+MPC. the fraction of an additional dollar of disposable income that is saved. e savings …

42) If your superior tells you that she will offer you a raise provided you perf

42) If your superior tells you that she will offer you a raise provided you perform additional work beyond the requirements of your job, he/she is exercising A) legitimate B) coer…

42) When real GDP increases, the demand for money and the demand for money curve

42) When real GDP increases, the demand for money and the demand for money curve A) increases; shifts rightward B) increases; shifts leftward C) decreases; shifts rightward D) dec…

42- Gross domestic product includes all of the following except: Consumer goods

42- Gross domestic product includes all of the following except: Consumer goods and services. State and local government purchases. Exports. Federal government expenditures on inc…

42-4) Gross Domestic Product measures the A) quantity of the goods and services

42-4) Gross Domestic Product measures the A) quantity of the goods and services produced in a given year, listed item by item, within a country B) income of the business sector wi…

42. A depository institution\'s profit is derived from the difference between at

42. A depository institution's profit is derived from the difference between athe interest rate it receives on loans and the rate it receives on investments in government secuntic…

42. According to economists, money is NOT A) a medium of exchange B) a store of

42. According to economists, money is NOT A) a medium of exchange B) a store of value C) a unit of account D) capital ol though what channel does monetary policy influence the lev…

42. According to economists, money is NOT A) a medium of exchange B) a store of

42. According to economists, money is NOT A) a medium of exchange B) a store of value C) a unit of account D) capital the level of According to your textbook, through what channel…

42. Assume that the Fed lowers the required reserve ratio. How will this affect

42. Assume that the Fed lowers the required reserve ratio. How will this affect the money supply? a. It would decrease. b. It would increase. c. It would remain unchanged. d. It d…

42. Canada and the U.S. both produce wheat and computer software. Canada is said

42. Canada and the U.S. both produce wheat and computer software. Canada is said to have the comparative ad wheat if a. Canada requires fewer resources than the U.S. to produce a …

42. Economic profit always exceeds accounting profit. ____ 43. The period of tim

42. Economic profit always exceeds accounting profit. ____ 43. The period of time that is too short for the firm to change the quantity of certain resources used in production, kn…

42. New capital is created in the economy by: consumption O Investment. deprecia

42. New capital is created in the economy by: consumption O Investment. depreciation government 43. A small country' s aggregate production function is given by y-K1/2. Its deprec…

42. Now suppose that the numbers are changed again. Wheat U.S 10 60 12 Germany W

42. Now suppose that the numbers are changed again. Wheat U.S 10 60 12 Germany Which of the following statements is true? a) each country should specialize in that product in whic…

42. The cross-price elasticity of demand for Coke and Pepsi is a. equal to zero

42. The cross-price elasticity of demand for Coke and Pepsi is a. equal to zero b. larger than zero c. less than zero d. cannot be estimated 43. When incom e rises, the quantity d…

42. Tradable emissions permits: are a type of transaction cost. provide polluter

42. Tradable emissions permits: are a type of transaction cost. provide polluters with an incentive to take the marginal social cost of pollution into account. give consumers an i…

42. What do we call decisions made by the Fed with regard te 29. The idea that a

42. What do we call decisions made by the Fed with regard te 29. The idea that at some point, each additional unit of a 30. The study of the economic activity of entire nations is…