Economics

The unemployment rate is

The unemployment rate is

[html]The unemployment rate is

▸ the ratio of those unemployed to those employed expressed as a percentage.

▸ the difference between the total number of people in the labour force and the number of people employed.

▸ the ratio of the number of peo

malabranche13   4   1 Reply

ShayT0923

The following cost and revenue data apply to a monopolist. Start by identifying the missing ...

The following cost and revenue data apply to a monopolist. Start by identifying the missing ...

[html]The following cost and revenue data apply to a monopolist. Start by identifying the missing figures.

seeb1999   5   1 Reply

DryPhantom

A uniform tax according to the physical quantities of pollution may not be the appropriate way to ...

A uniform tax according to the physical quantities of pollution may not be the appropriate way to ...

A uniform tax according to the physical quantities of pollution may not be the appropriate way to correct for an externality because
A) it places a unfair burden on small producers.
B) a uniform tax can only account for social costs and not externa

ElsaTier99   6   3 Replies

dearsophia21

Which of the following best describes a tradeoff?

Which of the following best describes a tradeoff?

Which of the following best describes a tradeoff?
 a. An office executive enrolling into a management course to develop her skills.
  b. An investor buying stocks of a start-up company.
  c. A businessman investing a portion of compan

Mpadilla99   7   2 Replies

Mpadilla99

Which of the following statements is TRUE?

Which of the following statements is TRUE?

[html]Which of the following statements is TRUE?

▸ Marginal utility is the ratio of total utility to the number of units of the good consumed.

▸ Both marginal utility and total utility come only from the last unit consumed.

▸ Total utility comes o

jmoney5   7   1 Reply

sarahlouhigg

Fixed costs are

Fixed costs are

Fixed costs are

▸ fixed in the short run.

▸ fixed by law.

▸ fixed in the long run.

▸ fixed by contracts.

caillacakes   7   1 Reply

Steve Trainer

Which of the following is NOT one of the key 'gaps' that FDI can help to fill?

Which of the following is NOT one of the key 'gaps' that FDI can help to fill?

Which of the following is NOT one of the key 'gaps' that FDI can help to fill?

▸ The savings gap

▸ Public finance gap

▸ Income gap

▸ Skills and technology gap

▸ The foreign exchange gap

drewster127   7   1 Reply

Jlynn

Which of the following is NOT a stage in the product life cycle?

Which of the following is NOT a stage in the product life cycle?

Which of the following is NOT a stage in the product life cycle?

▸ Launch

▸ Maturity

▸ Growth

▸ Development

asdoooeoe   7   1 Reply

swolfe15

Japan and Korea use or have used many industrial policies, and they are both considered to be ...

Japan and Korea use or have used many industrial policies, and they are both considered to be ...

Japan and Korea use or have used many industrial policies, and they are both considered to be countries that have developed successfully. Does that mean that the industrial policies caused their successful development?
 
  What will be an

glowupp   8   3 Replies

Sikirc

If the nominal interest rate is high and rising, a possible cause is

If the nominal interest rate is high and rising, a possible cause is

If the nominal interest rate is high and rising, a possible cause is
A) increased lending activity.
B) a rising inflation rate.
C) a falling real interest rates.
D) increased government borrowing.

kAw   8   2 Replies

kAw

Regarding the costs of regulation, which is a FALSE statement?

Regarding the costs of regulation, which is a FALSE statement?

Regarding the costs of regulation, which is a FALSE statement?
A) Airline safety standards have increased the price of air travel.
B) Automobile safety standards raise the price of cars.
C) Regulatory spending by federal agencies has decreased sin

AbdoSamir   8   3 Replies

Jodias

All of the following are exempt from antitrust lawsuits EXCEPT

All of the following are exempt from antitrust lawsuits EXCEPT

All of the following are exempt from antitrust lawsuits EXCEPT
A) labor unions.
B) professional baseball.
C) public transportation.
D) software developers.

SAMt24   8   1 Reply

Stevea26

Which of the following is most likely to be private property?

Which of the following is most likely to be private property?

Which of the following is most likely to be private property?
A) bees
B) house flies
C) farm raised shrimps
D) winds

sm.r1   8   2 Replies

sm.r1

The Endangered Species Act is an attempt to

The Endangered Species Act is an attempt to

The Endangered Species Act is an attempt to
A) protect endangered species against greedy loggers, farmers, and business people.
B) protect endangered species from the overzealousness of many environmentalists.
C) protect species endangered because

MichaelJoult   8   2 Replies

MichaelJoult

The current account balance is defined as

The current account balance is defined as

The current account balance is defined as
A) the value of exports - the value of imports.
B) the amount of exported capital assets + net interest income.
C) the value of exports - the value of imports + net interest income + net transfers.
D) the

Cdfields   8   1 Reply

k9ikiki

Which of the following is used to categorise industries?

Which of the following is used to categorise industries?

Which of the following is used to categorise industries?

▸ Standard Industrial Classification

▸ Structured Industry Classing

▸ Formal Classification of Industry

▸ General Industry Guide

victor.m.rojas2   8   1 Reply

mnp2357

Which of the following might shift the demand curve for butter to the right?

Which of the following might shift the demand curve for butter to the right?

[html]Which of the following might shift the demand curve for butter to the right?

▸ A decrease in the price of butter

▸ An increase in the price of bread, a complement

▸ An increase in income

▸ A decrease in the price of margarine, a substitute[

shayeshaye00   8   1 Reply

austire

A problem with using market observation data for business planning is that

A problem with using market observation data for business planning is that

[html]A problem with using market observation data for business planning is that

▸ the data may be subject to ethical problems.

▸ the data may be subject to untruthful responses.

▸ relationships that held in the past may not hold in the future.

▸

treetreee   8   1 Reply

wasan

When creating a demand function, we would NOT use data on

When creating a demand function, we would NOT use data on

When creating a demand function, we would NOT use data on

▸ advertising.

▸ our production costs.

▸ customer's income.

▸ our prices.

suiren   8   1 Reply

Lori734

What are market observations?

What are market observations?

What are market observations?

tarasen57   8   1 Reply

peaceout3000

What are market surveys?

What are market surveys?

What are market surveys?

BenAff   8   1 Reply

christinaalex

Game theory is applied to

Game theory is applied to

Game theory is applied to

▸ the types of rules that cartels adopt.

▸ co-operative situations.

▸ strategic behaviour based on assumptions about rivals' behaviour.

▸ any type of game.

michlee   8   1 Reply

yesimshay

In 2015, FDI flows rose by 11% on the previous year. This rise was largely due to

In 2015, FDI flows rose by 11% on the previous year. This rise was largely due to

In 2015, FDI flows rose by 11% on the previous year. This rise was largely due to

▸ removal of trade barriers.

▸ economies of scale.

▸ mergers and acquisitions.

▸ globalisation.

iloveyofacexx3   8   1 Reply

Nashua

Monopoly policy is only directed towards monopolies.

Monopoly policy is only directed towards monopolies.

Monopoly policy is only directed towards monopolies.

▸ true

▸ false

liljay   8   1 Reply

kiyomika

Discuss some of the advantages of the completion of the single market in the EU.

Discuss some of the advantages of the completion of the single market in the EU.

Discuss some of the advantages of the completion of the single market in the EU.

miks   8   1 Reply

Jlynn

Harmonization of standards refers to :

Harmonization of standards refers to :

Harmonization of standards refers to
 
  A) the elimination of tariffs and quotas by trading partners.
  B) common product safety, environment, labor, and fair competition standards agreed upon by trading partners.
  C) the accep

unistudentguy   9   1 Reply

ldages

Between 1980 and 2006, virtually all countries have become more open. (True or false?)

Between 1980 and 2006, virtually all countries have become more open. (True or false?)

Between 1980 and 2006, virtually all countries have become more open.
 
  Indicate whether the statement is true or false


Question 2 - Expenditure switching refers to
 
  A) a switching back and forth betwe

mireiajordan   9   3 Replies

sandhya@123

Suppose Puerto Rico and Hawaii currently have the same production possibilities so that the above ...

Suppose Puerto Rico and Hawaii currently have the same production possibilities so that the above ...

Suppose Puerto Rico and Hawaii currently have the same production possibilities so that the above figure is the PPF for hotels and consumption goods in the two areas. Hotels are a capital good that,once built, will help produce still more consumption

thomas3333   9   3 Replies

vernonb

In the table above, how many jackets must Mary forgo for every dress she makes?

In the table above, how many jackets must Mary forgo for every dress she makes?

In the table above, how many jackets must Mary forgo for every dress she makes?
A) 12 jackets
B) 3/4 of a jacket
C) 2/3 of a jacket
D) 1 1/2 jackets
E) 8 jackets

ioannisthomas   9   2 Replies

ioannisthomas

Which of the following is NOT true about the equilibrium price?

Which of the following is NOT true about the equilibrium price?

Which of the following is NOT true about the equilibrium price?
A) the price where a change in quantity supplied occurs
B) the price where the demand curve intersects the supply curve
C) the price where quantity demanded equals quantity supplied

bunbun11   9   2 Replies

bunbun11

An increase in the equilibrium quantity of good B can be caused by

An increase in the equilibrium quantity of good B can be caused by

An increase in the equilibrium quantity of good B can be caused by
A) an increase the price of inputs utilized in producing good B.
B) an increase in the price of good B.
C) a technological improvement in the process of producing good B.
D) a r

Laurenrees98   9   3 Replies

Jojo2you

The demand curve for gasoline should be

The demand curve for gasoline should be

The demand curve for gasoline should be
A) more elastic in the long run than in the short run.
B) less elastic in the long run than in the short run.
C) as elastic in the long run as it is in the short run.
D) more or less elastic in the long run

sunjx   9   2 Replies

sunjx

The best way to think of the short run and the long run is as

The best way to think of the short run and the long run is as

The best way to think of the short run and the long run is as
A) specific periods of time, although the time periods may differ across industries.
B) planning terms that apply to managers.
C) concepts that apply to all people who work for a firm.

Prenella10   9   3 Replies

aricketts6@

A firm should never produce any output if

A firm should never produce any output if

A firm should never produce any output if
A) P < AVC.
B) P < ATC.
C) AR < ATC.
D) MR < MC.

Biggie_smalls   9   2 Replies

Biggie_smalls

Which of the following is NOT true about a cartel?

Which of the following is NOT true about a cartel?

Which of the following is NOT true about a cartel?
A) Members earn economic profits.
B) Members experience large economies to scale relative to industry demand.
C) Cartels will set common prices for their members.
D) Members of a cartel will have

Kei-Fukuda   9   2 Replies

Kei-Fukuda

The Rule of 70 is used to

The Rule of 70 is used to

The Rule of 70 is used to
A) estimate how much of an economy's growth rate is due to increases in capital per hour of labor.
B) calculate the standard of living.
C) calculate the economy's growth rate.
D) estimate how long it will take the level

KingCoobie   9   1 Reply

megan.xo

An increase in the population and hence the supply of labor causes a

An increase in the population and hence the supply of labor causes a

An increase in the population and hence the supply of labor causes a
A) shortage of labor at the original real wage rate and the real wage rate will fall.
B) surplus of labor at the original real wage rate and the real wage rate will rise.
C) surp

squereq   9   1 Reply

Coxwell

If national saving (S) is $100,000, net taxes (T) equal $100,000 and government expenditure (G) is ...

If national saving (S) is $100,000, net taxes (T) equal $100,000 and government expenditure (G) is ...

If national saving (S) is $100,000, net taxes (T) equal $100,000 and government expenditure (G) is $25,000, how much are households and businesses saving?
A) $25,000
B) $225,000
C) -$25,000
D) none of the above

RoxBox11   9   1 Reply

felipebelt

Which of the following is the most likely cause of a decrease in supply of digital cameras?

Which of the following is the most likely cause of a decrease in supply of digital cameras?

[html]Which of the following is the most likely cause of a decrease in supply of digital cameras?

▸ An increase in the price of a conventional cameras

▸ A decrease in the price of memory cards/sticks

▸ An increase in the costs of producing digital

temp321   9   1 Reply

Nikki_LYNN

Which of the following is likely to have the most elastic demand?

Which of the following is likely to have the most elastic demand?

Which of the following is likely to have the most elastic demand?

▸ Pepsi

▸ Non-alcoholic beverages

▸ Soft drinks

▸ Beverages

uni67   9   1 Reply

ccnastopoulos