Economics

1. According to Cohen and other Geopolitical Analysts the Global Balance of Powe

1. According to Cohen and other Geopolitical Analysts the Global Balance of Power is shifting into A Bipolar model of power A Multipolar model of power A period of Global Stabilit…

1. According to Douglass North, the Industrial Revolution occurred in England be

1. According to Douglass North, the Industrial Revolution occurred in England because C the British Parliament took control of the government and could credibly commit to upholdin…

1. According to Heilbroner, there were several forces of change that played an i

1. According to Heilbroner, there were several forces of change that played an important role in the transition from feudalism to market-based capitalism. Among others, these forc…

1. According to Rawles, what follows if the so-called talented people don\'t end

1. According to Rawles, what follows if the so-called talented people don't endorse the difference principle? A. The talented people deserve rectification. B. Their society is unj…

1. According to William Shepherd, in the U.S. economy A) Herfindahl indexes have

1. According to William Shepherd, in the U.S. economy A) Herfindahl indexes have been increasing, indicating a decrease in competitiveness b) Herfindahl indexes have been decreasi…

1. According to economic theory, the efficient amount of pollution in the econom

1. According to economic theory, the efficient amount of pollution in the economy is the point at which: a. All your enemies have been vanquished by the amount of pollution you ha…

1. According to many economists,the role of government activity in the area of p

1. According to many economists,the role of government activity in the area of pollution is to: A) reduce the level of emissions as far as possibe B) achieve the least-cost way of…

1. According to proponents of capitalism, self-interest: is always wrong since i

1. According to proponents of capitalism, self-interest: is always wrong since it is the same thing as selfishness. is morally permissible as long as it stays within the bounds of…

1. According to the Social Cooperation and the Marketplace article, what is NOT

1. According to the Social Cooperation and the Marketplace article, what is NOT necessary for social cooperation? A. For everyone to care about each other B. Knowledge about peopl…

1. According to the original Keynesian school, the primary source of the busines

1. According to the original Keynesian school, the primary source of the business cycle is: A) supply side shocks from technological change. B) FED policy with regards to monetary…

1. According to the quantity theory of money, if velocity of money is constant,

1. According to the quantity theory of money, if velocity of money is constant, a 5 percent increase in money supply will lead to a 0.25 percent increase in nominal GDP. a. True b…

1. According to the signaling theory of education, a. The level of education or

1. According to the signaling theory of education, a. The level of education or training directly measures the productivity of the worker. b. Education and training function as ut…

1. According to the signaling theory of education, a. The level of education or

1. According to the signaling theory of education, a. The level of education or training directly measures the productivity of the worker. b. Education and training function as ut…

1. According to the theory of comparative advantage: A. some countries have a co

1. According to the theory of comparative advantage: A. some countries have a comparative advantage in producing every good B. Every country can produce some good with a lower opp…

1. According to the theory of purchasing power parity (PPP), what will happen to

1. According to the theory of purchasing power parity (PPP), what will happen to the value of the dollar (against foreign currencies) if the U.S. price level doubles and price lev…

1. Accounting versus economic profit In a given year, a marketing firm has the f

1. Accounting versus economic profit In a given year, a marketing firm has the following costs: $575,000 in wages and salaries paid to employees; $70,000 n rental payments for off…

1. Adam Smith believed people are guided by all of the following except ________

1. Adam Smith believed people are guided by all of the following except ___________. a) the profit motive b) self-interest c) the public good d) the invisible hand 2.The price sys…

1. Adverse selection is the problem of: one party to an exchange having more inf

1. Adverse selection is the problem of: one party to an exchange having more information than the other party. an offer conveying negative information about the product being offe…

1. Advertising is an economically productive activity and NOT a waste of resourc

1. Advertising is an economically productive activity and NOT a waste of resources because: advertisements increase sales. advertisements can convey information about the product.…

1. Advertising is an economically productive activity and NOT a waste of resourc

1. Advertising is an economically productive activity and NOT a waste of resources because: advertisements increase sales. advertisements can convey information about the product.…

1. Advertising is an important aspect of monopolistic competition and oligopoly

1. Advertising is an important aspect of monopolistic competition and oligopoly because <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?> there a…

1. Advertising: A) is about price and quality only. B) is informative only. C) i

1. Advertising: A) is about price and quality only. B) is informative only. C) infers that the seller expects the product to make a big splash. D) is only when the seller fears th…

1. After a company listens and pays attention to what is being said about a comp

1. After a company listens and pays attention to what is being said about a company through social media, what is the following step? a) segment and target the social media custom…

1. After attending medical school, I have decided to encourage all of my family

1. After attending medical school, I have decided to encourage all of my family members to see me for their healthcare needs because I know their health problems and I have an inc…

1. After the conclusion of the 1991 recession, the unemployment rate generally (

1. After the conclusion of the 1991 recession, the unemployment rate generally (increased/decreased) throughout the 1990s. 2. An increase in can help explain this change in unempl…

1. After the housing bubble burst, consumer confidence plummeted and housing sal

1. After the housing bubble burst, consumer confidence plummeted and housing sales dropped to all-time lows. This caused the demand curve for normal goods to shift a. inwards b. o…

1. After which event did the Treasury Secretary Paulson decide to enact the Trou

1. After which event did the Treasury Secretary Paulson decide to enact the Troubled Assets Relief Program (TARP): Select one: a. Federal Reserve Bank of New York providing an eme…

1. Air Express, an overnight mail carrier, provides one flight per day from Port

1.  Air Express, an overnight mail carrier, provides one flight per day from Portland, Maine to Hawaii. Currently Air Express flights have been operating at 80% capacity (maximum …

1. Aisling eats sandwiches for lunch. For every 2 slices of bread (B), she requi

1. Aisling eats sandwiches for lunch. For every 2 slices of bread (B), she requires 3 slice of turkey (T). An additional slice of bread without an additional 3/2 slices of turkey …

1. Ajax, Inc. is a monopolist. The estimated demand function for its product is

1.     Ajax, Inc. is a monopolist. The estimated demand function for its product is Qd = 120 %u2013 0.8P + 12Y + 4A Where Qd denotes quantity demanded, P denotes price, Y denotes …

1. Alan Greenspan coined the phrase \"irrational exuberance\" in late 1996 to de

1. Alan Greenspan coined the phrase "irrational exuberance" in late 1996 to describe the rapid growth in the stock market. Professor Robert Shiller, an economist at Yale, has writ…

1. Alex owes Bret a debt. Bret assigns the debt to Carl, who failes to give noti

1. Alex owes Bret a debt. Bret assigns the debt to Carl, who failes to give notice to Alex. Alex then pays the debt to Bret. In this situation: Alex is liable to Carl. Carl can re…

1. Alex quit his job at State University where he earned $45,000 a year. He figu

1.    Alex quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or forgone entrepreneurial income to be $5,000 a year. To start t…

1. Ali, a Lebanese citizen, opens a restaurant in Dubai. His expenditures a. inc

1. Ali, a Lebanese citizen, opens a restaurant in Dubai. His expenditures a. increase UAE net capital outflow and have no affect on Lebanon net capital outflow. b. increase UAE ne…

1. Alice has preferences over bundles (x1,r2) of goods 1 and 2 that can be repre

1. Alice has preferences over bundles (x1,r2) of goods 1 and 2 that can be represented by the following utility function: (a) (1 point) Write another utility function that can rep…

1. Alice is a young lady deciding on the next stage of her life. She can either

1. Alice is a young lady deciding on the next stage of her life. She can either go to the University of Quality or Real World University, both of which are located in her hometown…

1. All else being equal, an increase a country\'s national income tends to decre

1. All else being equal, an increase a country's national income tends to decrease its balance of trade. T/F 2. Assume that the US government increases its tariffs on imported ste…

1. All else equal, an increase in supply will cause an increase in consumer surp

1. All else equal, an increase in supply will cause an increase in consumer surplus. 2. When demand increases so that market price increases, producer surplus increases because (1…

1. All of the following would cause a shift in supply curve except A change in t

1. All of the following would cause a shift in supply curve except A change in the price level An increase in the real wages of workers A decrease in productivity The emergence of…

1. All transactions in the latest financial year between country X and the rest

1. All transactions in the latest financial year between country X and the rest of the world are given as follows Transaction Export of machines Import of foodstuff Import of text…

1. All transactions in the latest financial year between country X and the rest

1. All transactions in the latest financial year between country X and the rest of the world are given as follows Transaction Export of machines Import of foodstuff Import of text…

1. American adults of working age work on average 35-40 % more hours per week th

1. American adults of working age work on average 35-40 % more hours per week than their counterparts in France and Germany. All of the following have been mentioned by researcher…

1. Among the tools available to macroeconomicpolicy makers is _______. (Points:

1. Among the tools available to macroeconomicpolicy makers is _______. (Points: 1)       fiscal policy, control of government spending,and taxation        anti-trust policy, to br…

1. Among the tools available tomacroeconomic policy makers is _______. (Points:

1. Among the tools available tomacroeconomic policy makers is _______. (Points: 1)        fiscal policy, control ofgovernment spending, and taxation        anti-trust policy, to b…

1. Among their many functions, financial institutions 2. Auto insurance premiums

1. Among their many functions, financial institutions 2. Auto insurance premiums are higher for younger drivers. This illustrates 3. Which of the following statements is true? 4. …

1. Amos McCoy is currently raising corn on his 100-acre farm and earning an acco

1. Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100 per acre. However, if he raised soybeans, he could earn $200 per acre. Is he …

1. An American traveling in Europe buys a dinner costing 60 euros. If the exchan

1. An American traveling in Europe buys a dinner costing 60 euros. If the exchange rate is 1 euro = $0.77, then the price of the dinner in dollars is a. $7.70. b. $46.20. c. $55.6…

1. An S& L can make one of two types of loans. It can lend money on home mort-ga

1. An S& L can make one of two types of loans. It can lend money on home mort-gages, where it has a 75% probability of earning $ 100 million and a 25% probability of earning $…

1. An acceptable project should have a NPV > 0 and PI > 1. 2. The NPV profile cl

1. An acceptable project should have a NPV > 0 and PI > 1. 2. The NPV profile clearly demonstrates that the NPV of a project increases as the discount rate increases. 3. In …

1. An acceptance will create a contract. At common law, the acceptance had to be

1. An acceptance will create a contract. At common law, the acceptance had to be identical (mirror image) to the offer. A response that was not identical would amount to a counter…