Economics

Which of the following is an example of the multiplier at work as a result of an

Which of the following is an example of the multiplier at work as a result of an increase in consumption expenditures? Consumers compete with the government by increasing their ex…

Which of the following is an example of two-part pricing? In order to buy a cell

Which of the following is an example of two-part pricing? In order to buy a cell phone, you must buy a package that contains other features, such as voice mail and text messaging.…

Which of the following is an example of two-part pricing? Question 9 answers In

Which of the following is an example of two-part pricing? Question 9 answers In order to buy a cell phone, you must buy a package that contains other features, such as voice mail …

Which of the following is an implict cost? Salaries paid to owners who work for

Which of the following is an implict cost? Salaries paid to owners who work for the frm b) Interest on money borrowed to finance equipment purchases )Cash payments for raw materia…

Which of the following is an important fact about population growth? a. There ar

Which of the following is an important fact about population growth? a. There are no substantial differences between rates of growth in population among countries. b. In developed…

Which of the following is appropriate monetary pokey given a recession from a ne

Which of the following is appropriate monetary pokey given a recession from a negative AD shock? Select one Increases the discount rate Buy government securities through open mark…

Which of the following is appropriate monetary policy given a from a negative AD

Which of the following is appropriate monetary policy given a from a negative AD shock? Increase the discount rate But government Securities through open market operations increas…

Which of the following is both a supply-side and a fiscal policy tool during a r

Which of the following is both a supply-side and a fiscal policy tool during a recession? Deregulation. Tax cuts Welfare programs Liiberalized immigration laws. When the Fed buys …

Which of the following is characteristic of oligopoly, but NOT of monopolistic c

Which of the following is characteristic of oligopoly, but NOT of monopolistic competition? The choices made by one firm have a significant effect on other firms. Firms are profit…

Which of the following is considered a negative supply shock? a) b) 28. an unexp

Which of the following is considered a negative supply shock? a) b) 28. an unexpected increase in the price of natural gas an improvement in technology increasing investment in th…

Which of the following is considered an ethical dilemma? O A Whether or not to t

Which of the following is considered an ethical dilemma? O A Whether or not to take a job due to lack of equipment necessary to complete the job B. Whether or not to take a job du…

Which of the following is considered contractionary fiscal policy? 0 Increase in

Which of the following is considered contractionary fiscal policy? 0 Increase in government spending O Increase in taxes O Increase in interest rate 0 Increase in money supply QUE…

Which of the following is consistent with diminishing marginal product? The more

Which of the following is consistent with diminishing marginal product? The more you study each day, the more you learn from each added hour of study. None of the above. The more …

Which of the following is consistent with rent seeking behavior? Select one or m

Which of the following is consistent with rent seeking behavior? Select one or more: a. A Nike jacket is worth $400 to Leila. She seeks a seller on amazon that will get it to her …

Which of the following is consistent with the catch-up effect? A. The United Sta

Which of the following is consistent with the catch-up effect? A.  The United States had a lower growth rate before 1900 than after. B.  After World War II, Canada had lower growt…

Which of the following is consistent with the predictions of Gresham\'s law? A.

Which of the following is consistent with the predictions of Gresham's law? A. The increased circulation of U.S. coins in Canada during periods when the Canadian dollar is worth s…

Which of the following is correct according to the long-run Phillips curve? A. N

Which of the following is correct according to the long-run Phillips curve? A. No government policy, including changes in the money supply growth rate, can change the natural rate…

Which of the following is correct? A restrictive monetary policy will cause the

Which of the following is correct? A restrictive monetary policy will cause the dollar to depreciate and Canadian net exports to decrease. A restrictive monetary policy will cause…

Which of the following is correct? A. Nominal GDP is the variable most commonly

Which of the following is correct? A. Nominal GDP is the variable most commonly used to measure short-run economic fluctuations. These fluctuations can be predicted with some accu…

Which of the following is correct? A. U.S. exports as a percentage of GDP have i

Which of the following is correct? A.  U.S. exports as a percentage of GDP have increased, but have not nearly doubled over the last 50 years. The U.S. currently has a trade surpl…

Which of the following is correct? A. U.S. exports as a percentage of GDP have i

Which of the following is correct? A. U.S. exports as a percentage of GDP have increased, but have not nearly doubled over the last 50 years. The U.S. currently has a trade surplu…

Which of the following is correct? A.If demand is elastic, an increase in price

Which of the following is correct? A.If demand is elastic, an increase in price will increasetotal revenue. B.If demand is elastic, a decrease in price will decreasetotal revenue.…

Which of the following is correct? A.If the demand for a product is inelastic, a

Which of the following is correct? A.If the demand for a product is inelastic, a change in pricewill cause total revenue to change in the opposite direction. B.If the demand for a…

Which of the following is correct? An increase in the quantity of labor always l

Which of the following is correct? An increase in the quantity of labor always leads to economic growth. A decrease in the productivity of labor leads to economic growth. Japan an…

Which of the following is correct? Answer In the long run, a firm in monopolisti

Which of the following is correct? Answer In the long run, a firm in monopolistic competition maximizes its profit at a point where price is equal to average total cost but the av…

Which of the following is correct? Environmental sustainability means the physic

Which of the following is correct? Environmental sustainability means the physical flows of aggregate resources should be maintained. Weak sustainability means the value of the re…

Which of the following is correct? I thought the 45 degree line symolized when o

Which of the following is correct? I thought the 45 degree line symolized when output = expendatures. Or is that the same as aggregate demand = aggregate supply? The 45 degree lin…

Which of the following is correct? II only I and III III only I only I, II and I

Which of the following is correct? II only I and III III only I only I, II and III UESTION 3 A feature of bargaining problems is that they: I. include a complete description of th…

Which of the following is correct? L. Marginal benefit is the benefit that a per

Which of the following is correct? L. Marginal benefit is the benefit that a person receives from consuming one more II. The marginal benefit of a pizza is the amount of another g…

Which of the following is correct? More than one answer is possible You close ou

Which of the following is correct? More than one answer is possible You close out a long future position by buying a short future. The owner of a long future position has the righ…

Which of the following is correct? Over about the last fifty years A. U.S. expor

Which of the following is correct? Over about the last fifty years A.  U.S. exports and U.S. imports each about doubled. B.  U.S. exports and U.S. imports each about tripled. C.  …

Which of the following is correct? a. Countries with the highest growth rates ov

Which of the following is correct? a. Countries with the highest growth rates over the last 120 years are the ones that had the highest level of real GDP 120 years ago. b. The ran…

Which of the following is correct? a. If the Bank of Canada purchases bonds in t

Which of the following is correct? a. If the Bank of Canada purchases bonds in the open market, then the money supply shifts right. A change in the price level does not shift mone…

Which of the following is correct? a. Union membership in the United States peak

Which of the following is correct? a. Union membership in the United States peaked in the 1940s and 1950s. b. Unions play a larger role in the United States than in European count…

Which of the following is critical to the success of a market system? A to allow

Which of the following is critical to the success of a market system? A to allow individuals or firms to have exclusive use of their property B to prevent individuals from buying …

Which of the following is explained by the price elasticity of demand for a prod

Which of the following is explained by the price elasticity of demand for a product? a. The effect of changes in price on the quantity supplied of the product b. The effect of cha…

Which of the following is false regarding evictions in Japan? A- In 2000, with t

Which of the following is false regarding evictions in Japan? A- In 2000, with the passing of the Law on the Promotion of Supply of Good Quality Housing, automatic renewals of lea…

Which of the following is false? A. Tax revenues move in the same direction as t

Which of the following is false? A.  Tax revenues move in the same direction as the business cycle. B.  Expenditures on transfer payments move in the opposite direction of the bus…

Which of the following is false? The unemployment rate is the number of people o

Which of the following is false? The unemployment rate is the number of people officially unemployed divided by the civilian labor force The labor force includes those people over…

Which of the following is included in GDP? the market value of rental housing se

Which of the following is included in GDP? the market value of rental housing services, but not the market value of owner-occupied housing services. The market value of owner-occu…

Which of the following is included in U.S. GDP? i) the rental value of homes own

Which of the following is included in U.S. GDP? i) the rental value of homes owned by U.S. citizens. ii) the production of Suburban SUVs by GM in its plant in Mexico. iii) Tickets…

Which of the following is included in both of U.S. GDP and GNP? 24. A) The value

Which of the following is included in both of U.S. GDP and GNP? 24. A) The value of all cars produced by Ford in Mexico. B) The value of all cars produced by General Motors in the…

Which of the following is included in the investment component of GDP? Options:

Which of the following is included in the investment component of GDP? Options: Spending on new business equipment such as power tools and spending on stocks and bonds spending on…

Which of the following is incorrect? As the U.S. price level rises, U.S. goods b

Which of the following is incorrect? As the U.S. price level rises, U.S. goods become relatively more expensive so that U.S. exports fall and U.S. imports rise. As the price level…

Which of the following is incorrect? Imperfectlycompetitive producers: a. face d

Which of the following is incorrect? Imperfectlycompetitive producers: a. face downsloping demand curves b. do not compete with one aother c. can alter their output by changing pr…

Which of the following is incorrect? The reserves held to meet the reserve requi

Which of the following is incorrect? The reserves held to meet the reserve requirement are required reserves. The reserves held in excess of required reserves are excess reserves.…

Which of the following is incorrect? a. A partial equilibrium analysis studies t

Which of the following is incorrect? a. A partial equilibrium analysis studies the determination of price and output in a single market. b. A general equilibrium analysis studies …

Which of the following is intended to prevent bank runs? the Sherman Anti-Trust

Which of the following is intended to prevent bank runs? the Sherman Anti-Trust Act regulation Q. which prohibits banks from paying interest on demand deposits deposit insurance m…

Which of the following is least likely to increase the demand for new tires? A)

Which of the following is least likely to increase the demand for new tires? A) a decrease in the price of tires B) a decrease in the price of cars C) an increase in consumer inco…

Which of the following is likely to happen if salaries ofschoolteachers increase

Which of the following is likely to happen if salaries ofschoolteachers increase, other things constant? a. Some teacher's aides become teachers b. Some part-time teachers become …