Economics

1) Which of the following costs always declines as output increases? A) Average

1) Which of the following costs always declines as output increases? A) Average total cost B) Marginal cost C) Fixed cost D) Average fixed cost E) Average variable cost 2) The tot…

1) Which of the following describe typical multinational enterprises? Check all

1) Which of the following describe typical multinational enterprises? Check all that apply. -Firms operating in more than one country -Firms with stock ownership and management, w…

1) Which of the following groups would be considered an industrial union? a) Aut

1) Which of the following groups would be considered an industrial union? a) Auto workers b) Plumbers c) Electricians d) Teachers 2) The AFL-CIO is? a) A craft union b) An industr…

1) Which of the following is NOT an application of supply and demand analysis? a

1) Which of the following is NOT an application of supply and demand analysis? a.         the quantity of output consumers are willing to purchase at each possible market price. b…

1) Which of the following is NOT true about the factor distribution of income? I

1) Which of the following is NOT true about the factor distribution of income? It is the division of total income among labor, land, and capital. The returns to human capital are …

1) Which of the following is a valid explanation for rising wages? A) reductions

1) Which of the following is a valid explanation for rising wages? A) reductions in the capital available to workers B) a reduction in the demand for goods produced by labor C) an…

1) Which of the following is an alternative to vertical integration? Horizontal

1) Which of the following is an alternative to vertical integration?        Horizontal integration        Double marginalization    Business liquidation        Franchise agreement…

1) Which of the following is an example of a vertical merger? A. Northern Illino

1) Which of the following is an example of a vertical merger? A. Northern Illinois University merging with McDonalds B. Northern Illinois University merging with a training academ…

1) Which of the following is an example of contractionary monetary policy? a) In

1) Which of the following is an example of contractionary monetary policy? a) Increasing capital gains taxes. b) Decreasing the budget for national defense. c) Buying treasury bil…

1) Which of the following is correct? a) The Fed can precisely target the money

1) Which of the following is correct? a) The Fed can precisely target the money supply but not the interest rate. b) The Fed can precisely target the interest rate but not the mon…

1) Which of the following is likely to create inefficiency in a market? Small nu

1) Which of the following is likely to create inefficiency in a market?        Small number of buyers        Homogeneous products        Very low entry barriers        Large numbe…

1) Which of the following is likely to create inefficiency in a market? Small nu

1) Which of the following is likely to create inefficiency in a market?        Small number of buyers        Homogeneous products        Very low entry barriers        Large numbe…

1) Which of the following is listed on the asset side of the Federal Reserve bal

1) Which of the following is listed on the asset side of the Federal Reserve balance sheet? cash items in process of collection. a. b. deposits of the U.S. Treasury. c. Federal Re…

1) Which of the following is not a characteristic of a perfectly competitive mar

1) Which of the following is not a characteristic of a perfectly competitive market structure? A) There are many firms that are small compared to the market. C) All firms sell ide…

1) Which of the following is not a characteristic of a perfectly competitive mar

1) Which of the following is not a characteristic of a perfectly competitive market structure? A) There are many firms that are small compared to the market. C) All firms sell ide…

1) Which of the following is the best example of a supply-side market failure? a

1) Which of the following is the best example of a supply-side market failure? a) No one provides street lights ina town because once the lights are in operation, people don't hav…

1) Which of the following is true: 2) After taking this test, you celebrate bypu

1) Which of the following is true: 2) After taking this test, you celebrate bypurchasing one hundred shares of stock in Martha Stewart's .Comcompany. Over time which of the follow…

1) Which of the following is true: 2) After taking this test, you celebrate bypu

1) Which of the following is true: 2) After taking this test, you celebrate bypurchasing one hundred shares of stock in Martha Stewart's .Comcompany. Over time which of the follow…

1) Which of the following is true? The government expenditures multiplier increa

1) Which of the following is true? The government expenditures multiplier increases as “c” increases. Fiscal policy is successful only in recessions. Fiscal policy fixes the econo…

1) Which of the following is true? The multipliers of the government expenditure

1) Which of the following is true? The multipliers of the government expenditures and taxes are easily calculated by the government. Fiscal policy is usually not successful becaus…

1) Which of the following is true? a) A recessionary gap cannot be closed comple

1) Which of the following is true? a) A recessionary gap cannot be closed completely because of sticky wages. b) Empirical studies show that a recessionary gap can be closed autom…

1) Which of the following is true? a) The government expenditures multiplier inc

1) Which of the following is true? a) The government expenditures multiplier increases as “c” increases. b) Fiscal policy is successful only in recessions. c) Fiscal policy fixes …

1) Which of the following is true? a) The multipliers of the government expendit

1) Which of the following is true? a) The multipliers of the government expenditures and taxes are easily calculated by the government. b) Fiscal policy is usually not successful …

1) Which of the following is true? a) The multipliers of the government expendit

1) Which of the following is true? a) The multipliers of the government expenditures and taxes are easily calculated by the government. b) Fiscal policy is usually not successful …

1) Which of the following is true? a) To tackle inflation, the Fed buys treasury

1) Which of the following is true? a) To tackle inflation, the Fed buys treasury bills, thereby decreases the interest rate. b) To tackle recession the Fed purchases treasury bill…

1) Which of the following is true? a) To tackle inflation, the Fed sells treasur

1) Which of the following is true? a) To tackle inflation, the Fed sells treasury bills, thereby decreases the money supply. b) To tackle inflation the Fed purchases treasury bill…

1) Which of the following is true? a) To tackle inflation, the Fed sells treasur

1) Which of the following is true? a) To tackle inflation, the Fed sells treasury bills, thereby decreases the money supply. b) To tackle inflation the Fed purchases treasury bill…

1) Which of the following is true? a) To tackle inflation, the Fed sells treasur

1) Which of the following is true? a) To tackle inflation, the Fed sells treasury bills, thereby decreases the money supply. b) To tackle inflation the Fed purchases treasury bill…

1) Which of the following is true? a) To tackle inflation, the Fed sells treasur

1) Which of the following is true? a) To tackle inflation, the Fed sells treasury bills, thereby decreases the money supply. b) To tackle inflation the Fed purchases treasury bill…

1) Which of the following is/are characteristics a monopolistic competitive mark

1) Which of the following is/are characteristics a monopolistic competitive market? (multiple answers possible) a. Firms are price takers b. Products of firms are homogenous c. Fi…

1) Which of the following markets is closest to a perfectly competitive structur

1) Which of the following markets is closest to a perfectly competitive structure?        Sugar    Computers        Automobiles    Health drinks 2) From a buyer’s point of view, i…

1) Which of the following provides a correct definition of aggregate supply? a)

1)         Which of the following provides a correct definition of aggregate supply? a)         Aggregate supply is the quantity of domestic product that is supplied at each possi…

1) Which of the following shifts the investment curve upward? a) An increase in

1) Which of the following shifts the investment curve upward? a) An increase in disposable income. b) A decrease in the rate of inflation. c) A decrease in the real interest rate.…

1) Which of the following statements about Type I and Type II errors is correct:

1) Which of the following statements about Type I and Type II errors is correct: A Type I:   Reject a true alternative hypothesis.   Type II: Do not reject a false alternative. B …

1) Which of the following statements is not true? A) If tea and coffee are perfe

1) Which of the following statements is not true? A) If tea and coffee are perfect substitutes in your consumption, then you will only consume the good with the lowest price. B) I…

1) Which of the following statements is true about money? A) Money is sometimes

1) Which of the following statements is true about money? A) Money is sometimes viewed as a lubricant that greases the wheels of economic activity B) Without money, most transacti…

1) Which of the following statements is true of money? 1) Only gold and silver q

1) Which of the following statements is true of money? 1) Only gold and silver qualify as money 2) Any commodity can be used as money, so long as it is portable and fungible 3) Mo…

1) Which of the following statements is true? a. All of these statements are tru

1) Which of the following statements is true? a. All of these statements are true. b. Both the database and the ERP software runs on an operating system like Oracle, SAP or NetSui…

1) Which of the following things would increase the value of Total Factor Produc

1) Which of the following things would increase the value of Total Factor Productivity (TFP)? Select one: a. A new production method that can produce smaller, more efficient micro…

1) Which of the following would describe someone who would tend to benefit more

1) Which of the following would describe someone who would tend to benefit more from Social Security? (ALL THAT APPLY) high income, married, young, female, old, low income, single…

1) Which type of market failure does the following represent. a) Construction of

1) Which type of market failure does the following represent. a) Construction of a bowling alley in the center of a busy town. Choose one answer from list below. o   Asymmetric in…

1) Why do some economists argue AGAINST the use of discretionary fiscal and mone

1) Why do some economists argue AGAINST the use of discretionary fiscal and monetary policies during a recession? A. Some economist believe failing businesses should be bailed out…

1) Will countries be better off under a multilateral economic liberalization reg

1) Will countries be better off under a multilateral economic liberalization regime or under a system of regional economic integration? Why? 2) How useful is economic geography in…

1) With imperfect competition, when the demand for a firm’s product is greater t

1) With imperfect competition, when the demand for a firm’s product is greater than it planned, the firm will A) increase the price of the product until supply equals demand. B) m…

1) Workers in one country are more productive than workers in another country be

1) Workers in one country are more productive than workers in another country because -they have more complementary factors to work with. -they have fewer complementary factors to…

1) Would each of the following cause an increase, decrease or no change in the b

1)      Would each of the following cause an increase, decrease or no change in the budget deficit?          a)            a decrease in the unemployment rate          b)         …

1) Write a paper analyzing different approaches that might be used by Keynesian

1) Write a paper analyzing different approaches that might be used by Keynesian theorists and 2) monetary theorists to promote long-run macroeconomic stability. 3) Examine the imp…

1) Write an eassy about Each of the IPE perspective has at its center a fundamen

1) Write an eassy about Each of the IPE perspective has at its center a fundamental value or idea. What is the central idea of mercantilism, of liberalism, and of Marxism? Please …

1) Yakov spends a significant amount of time researching resorts for a long over

1) Yakov spends a significant amount of time researching resorts for a long overdue vacation, paying special attention to resorts' chefs and food options. Which of the following b…

1) You are a manager for a regional health system. Using an estimate of the pric

1) You are a manager for a regional health system. Using an estimate of the price elasticity of demand of -0.25, how much will ambulatory visits change if you raise prices by 5 pe…