Economics

1) The Lukistan capital account balance equals __________ billions of dollars (i

1) The Lukistan capital account balance equals __________ billions of dollars (include changes in official reserves as part of capital flows). 2)The sum of the balance of payments…

1) The Sarbanes-Oxley Act of 2002, limits the nonaudit services that an audit fi

1) The Sarbanes-Oxley Act of 2002, limits the nonaudit services that an audit firm can provide to public company audit clients. Which of the following is most likely to be a servi…

1) The \"law of demand\" indicates that if the University of Minnesota increases

1) The "law of demand" indicates that if the University of Minnesota increases tuition, all other things remaining the same A) both the demand for and the quantity of classes dema…

1) The _____________ strategy aims to increase profits at the employees’ expense

1) The _____________ strategy aims to increase profits at the employees’ expense. A) cost-minimizing B) corporate C) market-building D) cost-averaging 2) When the United States re…

1) The annual equivalent wiring cost of the specialty wiring device is given by

1) The annual equivalent wiring cost of the specialty wiring device is given by (where An electrical contractor is considering the purchase of a specialty wiring device which has …

1) The attack on the U.S. in 2001 severely reduced the number of offices availab

1) The attack on the U.S. in 2001 severely reduced the number of offices available for lease/rent in downtown Manhattan (New York City). At the same time, believing that downtown …

1) The basis of the argument favoring government intervention to correct informa

1)  The basis of the argument favoring government intervention to correct informational and rationality problems is that:                 A.if information is not perfect or if one…

1) The consumer price index tacks the average of prices of all a) Good and servi

1) The consumer price index tacks the average of prices of all a) Good and services purchased by consumers, whether they are produced in the United States or not b) Goods and serv…

1) The correct definition of economics is a) the study of money b) the study of

1) The correct definition of economics is a) the study of money b) the study of exchange under conditions of uncertainty c) the study of the allocation of scarce resources d) wide…

1) The cross-price elasticity of Sassy Cola and Crinkly Cola is 0.69, where the

1) The cross-price elasticity of Sassy Cola and Crinkly Cola is 0.69, where the percentage change in quantity is for Sassy Cola and the percentage change in price is measured for …

1) The data in the table suggest that there was (an increase/no change/a decreas

1) The data in the table suggest that there was (an increase/no change/a decrease/no evidence of)   income inequality from 1994 to 2012. 2) Complete the following table to help yo…

1) The demand during the lead time is normally distributed with a mean of 40 and

1) The demand during the lead time is normally distributed with a mean of 40 and a standard deviation of 4. If they have calculated a reorder point of 46.60 units, what service le…

1) The depreciation of the Euro against all other currencies impacts on Australi

1) The depreciation of the Euro against all other currencies impacts on Australia’s aggregate demand through affecting Australia’s ______. This is referred to as the _______. a) i…

1) The diagrams below illustrate an industry under oligopoly consisting and an i

1) The diagrams below illustrate an industry under oligopoly consisting and an individual oligopolist. (a) The oligopolits form a cartel. What (price, output) combination will the…

1) The economic term “externality” a. might refer to either positive or negative

1) The economic term “externality” a. might refer to either positive or negative outcomes b. is most often used to refer to negative outcomes c. refers to something not relevant t…

1) The equilibrium interest rate is 5% per year. A usury ceiling is established,

1)The equilibrium interest rate is 5% per year. A usury ceiling is established, at 10% per year. The usury law is enforced. What will happen as a result? There will be a shortage …

1) The fact that income and happiness are positively correlated means that: A. H

1) The fact that income and happiness are positively correlated means that: A. Higher income causes greater happiness B. Greater happiness causes higher income C. Both A and B mus…

1) The fed\'s monetary policy options for ending severe demand pull inflation in

1) The fed's monetary policy options for ending severe demand pull inflation include: a) increasing interest rates decreasing the reserve Ratio or both b) decrease in the reserve …

1) The federal government is considering to build a parking lot on what used to

1) The federal government is considering to build a parking lot on what used to be a forest. These are the benefits and costs of the project: Using the information above, what is …

1) The fewer the number substitutes there are for a product. (a) the less the pr

1) The fewer the number substitutes there are for a product. (a) the less the price elastic the demand for the product is. (b) the more price elastic the demand for the product is…

1) The firm\'s marginal cost curve ____. A) intersects the minimum point of both

1) The firm's marginal cost curve ____.      A) intersects the minimum point of both the AVC and ATC curve.      B) intersects the minimum point of the ATC curve only      C) inte…

1) The first major national labor union in the U.S. was the? a) National Union b

1) The first major national labor union in the U.S. was the? a) National Union b) Knights of Labor c) American Federation of Labor (AFL) d) Congress of Industrial Organizations (C…

1) The following table shows the quantity sold of a monopolist\'s product at dif

1) The following table shows the quantity sold of a monopolist's product at different prices Quantity (units) Price (S) 0 10 20 30 40 50 60 70 80 90 10 9 6 Find the total revenue …

1) The foreign exchange market is the marketwhere: 2) The exchange rate refers t

1) The foreign exchange market is the marketwhere: 2) The exchange rate refers to: 3) Flexible exchange rate systems occurwhen: 4) If the demand curve for dollars shifts tothe rig…

1) The foreign exchange market is the marketwhere: 2) The exchange rate refers t

1) The foreign exchange market is the marketwhere: 2) The exchange rate refers to: 3) Flexible exchange rate systems occurwhen: 4) If the demand curve for dollars shifts tothe rig…

1) The government budget constraint tells us that the budget deficit is equal to

1) The government budget constraint tells us that the budget deficit is equal to A) interest on the debt. B) the primary deficit. C) the primary deficit plus interest on the debt.…

1) The graph below shows the foreign exchange market between the United States a

1) The graph below shows the foreign exchange market between the United States and Japan before and after an increase in the demand for Japanese goods by U.S. consumers. A) If the…

1) The highest point of a normal curve occurs at a. one standard deviation to th

1) The highest point of a normal curve occurs at a. one standard deviation to the right of the mean b. two standard deviations to the right of the mean c. approximately three stan…

1) The idea that the demand for steel workers stems from the demand for steel is

1) The idea that the demand for steel workers stems from the demand for steel is A) the value of the marginal product of auto workers. B) derived demand. C) indirect demand. D) ou…

1) The intention of the Federal Reserve when they were buying large quantities o

1) The intention of the Federal Reserve when they were buying large quantities of securities from 2008 to 2014 was to lower long-term interest rates. This would support the housin…

1) The labor force participation rate for women in the United States has A) stay

1) The labor force participation rate for women in the United States has A) stayed the same over the last 30 years B) increased significantly since the 1950s C) been influenced by…

1) The notion of deterrence is an important component of which model explained i

1) The notion of deterrence is an important component of which model explained in chapter 2 Understanding Public Policy? a) group theory b) elite theory c) game theory 2) Which of…

1) The outcomes for three potential investments (A, B or C) have been reduced to

1) The outcomes for three potential investments (A, B or C) have been reduced to the information below describing the Net Present Worth of the investment, along with associated pr…

1) The primary goal of a business firm is to A) increase its production. B) prom

1) The primary goal of a business firm is to A) increase its production. B) promote workforce job satisfaction. C) promote fairness. D) make a quality product E) maximise profit 2…

1) The probability that Pete will catch fish on a particular day when he goes fi

1) The probability that Pete will catch fish on a particular day when he goes fishing is 0.8. Pete is going fishing 3 days next week. What is the random variable in this experimen…

1) The production possibilities frontier shows: A) all levels of one output that

1) The production possibilities frontier shows: A) all levels of one output that can be produced with varying levels of inputs B) an isoquant C) all combinations of two inputs tha…

1) The protr-masiesirg fim will atpast production to that point at which B) aver

1) The protr-masiesirg fim will atpast production to that point at which B) average variable costs are oell to merginal cos ) marginal cnets are esqual to average total costs D) m…

1) The relationship between the interest rate and the asset demand for money is

1) The relationship between the interest rate and the asset demand for money is nonexistent. 2) In addition to open market operations and the required reserve ratio, another tool …

1) The relationship between the interest rate and the asset demand for money is

1) The relationship between the interest rate and the asset demand for money is nonexistent. 2) In addition to open market operations and the required reserve ratio, another tool …

1) The return from an investment is uncertain and there is a 25% chance that it

1) The return from an investment is uncertain and there is a 25% chance that it will be 100,000 dollars, a 50% chance that it will be 50,000 dollars, and a 25% chance that it will…

1) The rise and fall of Rome is an example of which theory? A) Exceptionalist th

1) The rise and fall of Rome is an example of which theory? A) Exceptionalist theory B) Power transition theory C) Containment theory D) Power conversion theory 2) “Soft power” in…

1) The supply of labor generally is considered to be downward-sloping because th

1) The supply of labor generally is considered to be downward-sloping because the opportunity cost of leisure decreases as wages increase. True    False 2) The marginal income tax…

1) The term capitol, as used by economists, refers to____ A)Money B)The physical

1) The term capitol, as used by economists, refers to____ A)Money B)The physical space in which production occurs C)The time allocated to producing goods and services D)Financial …

1) The trade-to-GDP ratio for a nation that had S600 million in exports, $400 mi

1) The trade-to-GDP ratio for a nation that had S600 million in exports, $400 million in imports, and GDP of $2,000 million would be A) 0.1 B) 0.2 C) 0.5 D) -0.1 2) A relative mea…

1) The trough of a contraction is a) an external shock that causes economic acti

1) The trough of a contraction is a) an external shock that causes economic activity to decline. b) the rate at which the level of business activity is declining. c) the point in …

1) The unemployment rate: 2) If the unemployment rate is reported to be4.2%. Who

1) The unemployment rate: 2) If the unemployment rate is reported to be4.2%. Whom of the following would be counted as unemployed in thisstatistic: 3) What category of unemploymen…

1) The worldwide recession in 2007 started from:1) _______ A) easy access to cre

1) The worldwide recession in 2007 started from:1) _______ A) easy access to credit in the U.S. B) a large number of home purchasers who were unable to afford the homes. C) boomin…

1) Think about a tradeoff associated with taking college classes and pursuing a

1) Think about a tradeoff associated with taking college classes and pursuing a degree What kinds of things do you trade off to take classes and do homework? 2) What are the main …

1) Three months ago you joined the marketing team of a Mid-Western food processo

1) Three months ago you joined the marketing team of a Mid-Western food processor. Some 90% of the business is private label and goes to major grocery chains, as well as Target an…

1) To calculate an exponential smoothing forecast of demand, what values are req

1) To calculate an exponential smoothing forecast of demand, what values are required? a)alpha, number of periods, last actual demand b)alpha, last forecast c)last forecast, numbe…