Economics

Which of the following correctly describes a wage-pricespiral? a. an increase in

Which of the following correctly describes a wage-pricespiral? a. an increase in nominal wages causes inflation, andinflation causes workers to demand even higher wages in order t…

Which of the following correctly describes the cause-effect chain relationship t

Which of the following correctly describes the cause-effect chain relationship through which a change in monetary policy affects the macroeconomy? a. decrease in the money supply …

Which of the following correctly explain Ricardian equivalence? Government spend

Which of the following correctly explain Ricardian equivalence? Government spending does not crowd out private investment. Government spending that is financed by borrowing has a …

Which of the following correctly lists what is included in the consumption compo

Which of the following correctly lists what is included in the consumption component of GDP? household purchases of services and household purchases of nondurable goods but not an…

Which of the following cost concepts is correctly defined? A. B. ATC = VC + FC C

Which of the following cost concepts is correctly defined? A. B. ATC = VC + FC C. ATC = AVC + AFC D. TC = AVC + AFC 2. A cost that does not depend on the quantity of output produc…

Which of the following cost concepts is correctly defined? A. B. ATC = VC + FC C

Which of the following cost concepts is correctly defined? A. B. ATC = VC + FC C. ATC = AVC + AFC D. TC = AVC + AFC 2. A cost that does not depend on the quantity of output produc…

Which of the following cost functions exhibits economies of scope over the speci

Which of the following cost functions exhibits economies of scope over the specified output range? C(Q1,Q2) = 2 - 0.5Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 0 and Q2 > 0. C(Q1,Q2…

Which of the following could allow economy to achieve production possibilities c

Which of the following could allow economy to achieve production possibilities corresponding to point D? A decrease in the unemployment rate. An increase in the unemployment rate.…

Which of the following could allow the economy to achieve production possibiliti

Which of the following could allow the economy to achieve production possibilities corresponding to point D? A decrease in the unemployment rate. An increase in the unemployment r…

Which of the following could be characterized as a less paternalistic government

Which of the following could be characterized as a less paternalistic government policy? 0 A. Housing benefits for those who fall below the poverty line which specify that benefic…

Which of the following could cause a market shortage? A good will have a higher

Which of the following could cause a market shortage? A good will have a higher price elasticity of demand if it The incidence (or burden) of an excise tax will be larger for the …

Which of the following could not reasonably be considered an advantage of a mana

Which of the following could not reasonably be considered an advantage of a managed exchange rate? A. Stability in that nations international goods market B. Low cost to implement…

Which of the following countries has seen a relative decline in its share of wor

Which of the following countries has seen a relative decline in its share of world output between 1960 and 2014? Select one: A. United States B. South Korea C. Brazil D. China E. …

Which of the following curves shows a stable tradeoff between a nation\'s inflat

Which of the following curves shows a stable tradeoff between a nation's inflation and unemployment rates? Question 1 options: A) The short-run Phillips Curve. B) The long-run Phi…

Which of the following defines a hard peg? A) An exchange rate determined by the

Which of the following defines a hard peg? A) An exchange rate determined by the market B) An exchange rate that fluctuates within a set band C) An exchange rate that is not allow…

Which of the following defines a zero-sum game?Answer all players end up with ze

Which of the following defines a zero-sum game?Answer all players end up with zero dollars the lowest return received by any player in the game is zero the negative effects plus t…

Which of the following defines marginal utility? The change in total utility div

Which of the following defines marginal utility? The change in total utility divided by the price of a product The maximum amount of satisfaction from consuming a product The tota…

Which of the following demonstrates a scenario with no opportunity cost? -It\'s

Which of the following demonstrates a scenario with no opportunity cost? -It's Friday night and you have no obligations the next day, so you stay up late talking and hanging out w…

Which of the following demonstrates a scenario with no opportunity cost? 0 ?? Fr

Which of the following demonstrates a scenario with no opportunity cost? 0 ?? Friday night and you have no obligations the next day, so you stay up late talking and anging out wit…

Which of the following describe a common cause of bank panics? Check all that ap

Which of the following describe a common cause of bank panics? Check all that apply. --- Potential buyers of the assets of a bank, incorrectly rumored to be distressed, may suspec…

Which of the following describe a common cause of bank panics? Check all that ap

Which of the following describe a common cause of bank panics? Check all that apply. Potential buyers of the assets of a bank, incorrectly rumored to be distressed, may suspect th…

Which of the following describes a possible Keynesian solution to inflation? A t

Which of the following describes a possible Keynesian solution to inflation? A tax increase on consumer income. O A reduction in taxes for businesses that increase A surge in mili…

Which of the following describes the Giffen good case? When the price of the goo

Which of the following describes the Giffen good case? When the price of the good falls, the income effect is in the opposite direction to the substitution effect and consumption …

Which of the following describes the difference between the demand faced by a fi

Which of the following describes the difference between the demand faced by a firm and the demand faced by an industry? A. The demand facing individual firms tend to be more price…

Which of the following describes the difference between the demand faced by a fi

Which of the following describes the difference between the demand faced by a firm and the demand faced by an industry? A. the demand facing individual firms tend to be more price…

Which of the following describes the expected outcome of expansionary monetary p

Which of the following describes the expected outcome of expansionary monetary policy in the short run? A. higher employment, higher output, and a higher price level B. lower empl…

Which of the following describes the expected outcome of expansionary monetary p

Which of the following describes the expected outcome of expansionary monetary policy in the short run? higher employment, higher output, and a higher price level higher employmen…

Which of the following describes the inflation-unemployment trade off? Question

Which of the following describes the inflation-unemployment trade off? Question 21 options: a.Monetary policies that expand the money supply and lower interest rates will lower in…

Which of the following describes the process whose ultimate result is illustrate

Which of the following describes the process whose ultimate result is illustrated by the multiplier (the result being that gross domestic product (GDP) increases by more than an i…

Which of the following describes the process whose ultimate result is illustrate

Which of the following describes the process whose ultimate result is illustrated by the multiplier (the result being that gross domestic product (GOP) increases by more than an i…

Which of the following describes the role of automatic stabilizers in the econom

Which of the following describes the role of automatic stabilizers in the economy? Automatic stabilizers have a similar impact as discretionary fiscal policy but occur o automatic…

Which of the following determine how shared meaning is co-created and how the te

Which of the following determine how shared meaning is co-created and how the team is structured: A Social influences B Sociocultural normalization C Cognitive paradigm formation …

Which of the following developments have not helped to increase the importance o

Which of the following developments have not helped to increase the importance of packaging cover time Which stage is the most costly one? In which stage are criteria such as adeq…

Which of the following developments was not an important part of the Industrial

Which of the following developments was not an important part of the Industrial Revolution? Dramatic reductions in air pollution. Increased population Production moved from househ…

Which of the following did NOT contribute to the failure of large numbers of sav

Which of the following did NOT contribute to the failure of large numbers of savings and loans and other financial intermediaries in the 1970s? A)Deregulation of thrift institutio…

Which of the following did NOT happen in September 2008? A. The U.S. government

Which of the following did NOT happen in September 2008? A. The U.S. government placed Fannie Mae and Freddie Mac into conservatorship and guaranteed their debt. B. The investment…

Which of the following do NOT cause a shift in a Supply Curve for a given good?:

Which of the following do NOT cause a shift in a Supply Curve for a given good?: a. A change in technology b. A change in imports of a competitive product c. A change in legislati…

Which of the following does NOT come from the \"Hartwick Rule\"? A specific degr

Which of the following does NOT come from the "Hartwick Rule"? A specific degree of sharing between generations would be necessary to produce a sustainable outcome. A constant lev…

Which of the following does NOT create a demand for Swiss francs? the repayment

Which of the following does NOT create a demand for Swiss francs? the repayment of a loan from a Swiss company to an Italian bank the desire of a British company to purchase a Swi…

Which of the following does Paul Krugman not consider a common misconception, or

Which of the following does Paul Krugman not consider a common misconception, or "pop internationalism" myth? A. Countries are in competition with each other in the same way that …

Which of the following does the U.S. currently have? tax laws that tax some capi

Which of the following does the U.S. currently have? tax laws that tax some capital income twice, but not means-tested government benefits means-tested government benefits and tax…

Which of the following does the textbook suggest might be an example of a group

Which of the following does the textbook suggest might be an example of a group forming a cartel so as to act like a monopsonist? (2pts) the NCAA the US armed forces. coal and ste…

Which of the following duties cannot be delegated? a. A surgeon\'s duty to do op

Which of the following duties cannot be delegated? a. A surgeon's duty to do open heart surgery. b. A buyer's duty to purchase a commercial building. c. A contractor's duty to rep…

Which of the following economic indicators is used by the World Bank to classify

Which of the following economic indicators is used by the World Bank to classify countries as industrial economies or developing countries? A)GDP B)Rate of inflation C)Net exports…

Which of the following equations is correct? Answer real interest rate = nominal

Which of the following equations is correct? Answer real interest rate = nominal interest rate - inflation real interest rate = nominal interest rate + inflation nominal interest …

Which of the following equations is not valid a. Consumer surplus=Value to buyer

Which of the following equations is not valid a. Consumer surplus=Value to buyers-amount paid bybuyers b.Procucer surplus= amount received by sellers-Cost tosellers. c. Total surp…

Which of the following events will tend to decrease net exports? increased incen

Which of the following events will tend to decrease net exports? increased incentives for foreigners to increase purchases of goods and services. a decrease in the output or incom…

Which of the following events would most likely cause stagflation? expansionary

Which of the following events would most likely cause stagflation? expansionary fiscal policy unusually favorable weather for agriculture. an increase in production technology con…

Which of the following examples are used as evidence favoring the bounded ration

Which of the following examples are used as evidence favoring the bounded rationality assumption? A.When purchasing electric appliances such as refrigerators, people sometimes buy…

Which of the following examples best describes the Law of Diminishing Marginal B

Which of the following examples best describes the Law of Diminishing Marginal Benefit? If the weather gets cold, the demand for ice cream will fall. With each additional pen Jill…