Economics

In 2015, the U.S. auto industry experienced rising sales. The automobile industry was experiencing ...

In 2015, the U.S. auto industry experienced rising sales. The automobile industry was experiencing ...

In 2015, the U.S. auto industry experienced rising sales. The automobile industry was experiencing the effects of
A) inflation.
B) the underground economy.
C) the business cycle.
D) depreciation.

083055   72   1 Reply

sjdbub

If you have trouble finding a job because of a slowdown in the overall economy, we would say that you are

If you have trouble finding a job because of a slowdown in the overall economy, we would say that you are

If you have trouble finding a job because of a slowdown in the overall economy, we would say that you are
A) frictionally unemployed.
B) structurally unemployed.
C) cyclically unemployed.
D) seasonally unemployed.

083055   35   1 Reply

Prehma

Suppose that the labor movement has a revival in the United States and the majority of workers join ...

Suppose that the labor movement has a revival in the United States and the majority of workers join ...

Suppose that the labor movement has a revival in the United States and the majority of workers join labor unions.  As a result we would expect
A) the labor force participation rate to fall.
B) the unemployment rate to fall.
C) the unemployment rate t

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ruthalvarez

Under the Soviet system of communism,

Under the Soviet system of communism,

Under the Soviet system of communism,
A) managerial pay was determined by the extent to which managers could lower the per-unit costs of production.
B) technological progress was slow because managers had little incentive to develop new technologies.

083055   44   1 Reply

Dareksupreme

A small economy increased its capital per hour worked (K/L) from $40,000 to $50,000. As a result, ...

A small economy increased its capital per hour worked (K/L) from $40,000 to $50,000. As a result, ...

A small economy increased its capital per hour worked (K/L) from $40,000 to $50,000. As a result, real GDP per worker (Y/L) grew from $20,000 to $25,000. If the economy increases its capital per hour worked by another $10,000 to $60,000, but there is

083055   38   1 Reply

delta_1103

If the MPC is 0.5, then a $10 million increase in disposable income will increase consumption by

If the MPC is 0.5, then a $10 million increase in disposable income will increase consumption by

If the MPC is 0.5, then a $10 million increase in disposable income will increase consumption by
A) $2 million.
B) $5 million.
C) $15 million
D) $50 million.

083055   78   1 Reply

emmamohdisa97

The more excess reserves banks choose to keep,

The more excess reserves banks choose to keep,

The more excess reserves banks choose to keep,
A) the larger the deposit multiplier.
B) the smaller the deposit multiplier.
C) the higher the required reserve ratio.
D) the lower the required reserve ratio.

083055   78   1 Reply

Sunni_rae

If the balance of the current account in the United States is -$900 billion, which of the following ...

If the balance of the current account in the United States is -$900 billion, which of the following ...

If the balance of the current account in the United States is -$900 billion, which of the following is most likely to be true?
A) The balance on the financial account is positive.
B) The trade balance is positive.
C) Net foreign investment is positiv

083055   43   1 Reply

tmendes

Expansionary monetary policy lowers interest rates and forces a real appreciation of the dollar in ...

Expansionary monetary policy lowers interest rates and forces a real appreciation of the dollar in ...

Expansionary monetary policy lowers interest rates and forces a real appreciation of the dollar in international currency markets.
(True or False)?

083055   87   1 Reply

ghazal

What is the connection between the gold held at the Fort Knox Bullion Depository in Kentucky and the ...

What is the connection between the gold held at the Fort Knox Bullion Depository in Kentucky and the ...

What is the connection between the gold held at the Fort Knox Bullion Depository in Kentucky and the U.S.Answer: upply?

083055   44   1 Reply

GOJES

Which of the following is most important in explaining exchange rate fluctuations in the short run?

Which of the following is most important in explaining exchange rate fluctuations in the short run?

Which of the following is most important in explaining exchange rate fluctuations in the short run?
A) relative price levels across countries
B) preferences for domestic and foreign goods
C) interest rates
D) relative rates of productivity growth acA

083055   77   1 Reply

spsjr15

If the purchasing power of a dollar is greater than the purchasing power of the yen, purchasing ...

If the purchasing power of a dollar is greater than the purchasing power of the yen, purchasing ...

If the purchasing power of a dollar is greater than the purchasing power of the yen, purchasing power parity would predict that
A) in the short run, exchange rates will move to equalize the purchasing power of the dollar and the yen.
B) in the long r

083055   80   1 Reply

Carinasp

If the GDP deflator in the United States is 114, and the GDP deflator in Ukraine is 142, which of ...

If the GDP deflator in the United States is 114, and the GDP deflator in Ukraine is 142, which of ...

If the GDP deflator in the United States is 114, and the GDP deflator in Ukraine is 142, which of the following exchange rates would the theory of purchasing power parity predict in the long run?  (The Ukrainian currency is the hryvnia.)
A) 0.80 hryv

083055   66   1 Reply

amtw222

Although the pegged exchange rate between the yuan and the dollar has undervalued the yuan, China ...

Although the pegged exchange rate between the yuan and the dollar has undervalued the yuan, China ...

Although the pegged exchange rate between the yuan and the dollar has undervalued the yuan, China had been reluctant to abandon the peg for fear that abandoning the peg would
A) increase exports and increase the current account deficit.
B) reduce cap

083055   62   1 Reply

Bobby.s

A persistent surplus of pounds at a given fixed exchange rate (in dollars per pound) is evidence ...

A persistent surplus of pounds at a given fixed exchange rate (in dollars per pound) is evidence ...

A persistent surplus of pounds at a given fixed exchange rate (in dollars per pound) is evidence that the pound is ________ versus the dollar.  This surplus can be reduced or eliminated through a ________ of the pound.
A) undervalued; devaluation
B)

083055   77   1 Reply

Bobby.s

When the marginal revenue curve cuts the horizontal axis,

When the marginal revenue curve cuts the horizontal axis,

When the marginal revenue curve cuts the horizontal axis,
A) demand is relatively elastic.
B) demand is relatively inelastic.
C) demand is perfectly elastic.
D) demand is unitary elastic.

083055   86   1 Reply

mllmmom2000

Suppose 10 citizens each derive marginal benefit from traffic lights according to the function MB = ...

Suppose 10 citizens each derive marginal benefit from traffic lights according to the function MB = ...

Suppose 10 citizens each derive marginal benefit from traffic lights according to the function MB = 10 - Q. If traffic lights cost $10 each to produce, what is the efficient quantity of traffic lights?
A) 9 traffic lights
B) 12 traffic lights
C) 8 t

083055   100   1 Reply

Marostegui

Organizations which have branches in various locations can function efficiently as U-form ...

Organizations which have branches in various locations can function efficiently as U-form ...

Organizations which have branches in various locations can function efficiently as U-form organizations.
  Indicate whether the statement is true or false

QUESTION 2

Free riding is a problem
 A) if an individual's cont

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sarahbernstein

The total tariff revenue to the government of an imported good is found by adding the tariff to the ...

The total tariff revenue to the government of an imported good is found by adding the tariff to the ...

The total tariff revenue to the government of an imported good is found by adding the tariff to the quantity of the good imported.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

A

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12341243124

For an inferior good: (Multiple Choice)

For an inferior good: (Multiple Choice)

For an inferior good:
 a. the income elasticity is positive.
  b. the income elasticity if negative.
  c. the income elasticity is zero.
  d. the income elasticity is unity.

QUESTION 2

A firm's accounting pro

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12341243124

Dividend yield is: (Multiple Choice)

Dividend yield is: (Multiple Choice)

Dividend yield is:
 a. the annual dividend payment per share.
  b. the annual dividend per share divided by the price of each share.
  c. the current stock price divided by the dividend per share.
  d. the year-on-year change in

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dlsmith88

Which of the following people would be classified as fictionally unemployed?

Which of the following people would be classified as fictionally unemployed?

Which of the following people would be classified as fictionally unemployed?
 a. Computer programmers who lost their jobs because of a recession.
  b. Construction workers who are on temporary layoff.
  c. Elementary school teachers w

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12341243124

Sometimes the government deals with externalities by creating laws to regulate behavior instead of ...

Sometimes the government deals with externalities by creating laws to regulate behavior instead of ...

Sometimes the government deals with externalities by creating laws to regulate behavior instead of using taxes to correct the market failure. So, requiring auto manufacturers to install a device called a catalytic converter which removes some toxins

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12341243124

Voluntary programs are dependable ways to protect the environment.

Voluntary programs are dependable ways to protect the environment.

Voluntary programs are dependable ways to protect the environment.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

If people choose to hold some of a newly received loan as cash in

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12341243124

Countries with reliable phone service have difficulty not only communicating, but also reaping the ...

Countries with reliable phone service have difficulty not only communicating, but also reaping the ...

Countries with reliable phone service have difficulty not only communicating, but also reaping the benefits of other technology advances, such as the Internet.
 a. True
  b. False

QUESTION 2

Insurance companies try to

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12341243124

A successful advertising campaign would likely

A successful advertising campaign would likely

A successful advertising campaign would likely
 a. increase price elasticity of demand by stressing the uniqueness of the product
  b. reduce price elasticity of demand by stressing the uniqueness of the product
  c. reduce price elas

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12341243124

Suppose employees pay a bond of 1,000 to an employer. The gain from shirking is 400. Monitoring ...

Suppose employees pay a bond of 1,000 to an employer. The gain from shirking is 400. Monitoring ...

Suppose employees pay a bond of 1,000 to an employer. The gain from shirking is 400. Monitoring devices have been installed so that there is a 50 chance of being caught if you are shirking. The company is considering the installation of additional mo

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Kim12345678900

Which of the following effects will not increase (i.e., shift to the right) the aggregate supply ...

Which of the following effects will not increase (i.e., shift to the right) the aggregate supply ...

Which of the following effects will not increase (i.e., shift to the right) the aggregate supply curve?
 a. An increase in the average national price level.
  b. A decrease in the price of fuel.
  c. An appreciation of the domestic cu

123kduncan   50   2 Replies

123kduncan

Cost-push inflation occurs when a nation's:

Cost-push inflation occurs when a nation's:

Cost-push inflation occurs when a nation's:
 a. Aggregate supply rises, causing rising prices and rising unemployment.
  b. Aggregate supply rises, causing rising prices and falling unemployment.
  c. Aggregate demand rises, which lea

123kduncan   62   2 Replies

123kduncan

If the value of the domestic currency depreciates:

If the value of the domestic currency depreciates:

If the value of the domestic currency depreciates:
 a. Aggregate demand rises and aggregate supply falls.
  b. Aggregate demand rises, but aggregate supply does not change.
  c. Aggregate demand falls and aggregate supply rises.

123kduncan   37   3 Replies

Betardsamere

Assume that foreign capital flows from a nation increase due to political uncertainly and increased ...

Assume that foreign capital flows from a nation increase due to political uncertainly and increased ...

Assume that foreign capital flows from a nation increase due to political uncertainly and increased risk. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable fu

123kduncan   56   2 Replies

123kduncan

Virtual currency unit 2 (VCU2) is different from VCU1 because:

Virtual currency unit 2 (VCU2) is different from VCU1 because:

Virtual currency unit 2 (VCU2) is different from VCU1 because:
 a. VCU1 cannot be spent in the real world; VCU2 can be spent in the real world.
  b. VCU1 can only be purchased with real-word currencies. VCU2 can be purchased with real-worl

123kduncan   33   3 Replies

karma_0723

The reserves of financial institutions:

The reserves of financial institutions:

The reserves of financial institutions:
 a. Are the largest liability in a financial institution's balance sheet.
  b. Are assets that financial institutions try to maximize.
  c. Are assets that financial institution's try to keep at

123kduncan   82   1 Reply

Farloo014

At this point, potential gains from further tariff reductions worldwide are :

At this point, potential gains from further tariff reductions worldwide are :

At this point, potential gains from further tariff reductions worldwide are
 
  A) still very large.
  B) equal to zero.
  C) relatively small.
  D) not worth the cost of negotiations.


Question 2 - Supp

123kduncan   42   3 Replies

skippin

Your text mentions several ways that international trade flows are qualitatively different than they ...

Your text mentions several ways that international trade flows are qualitatively different than they ...

Your text mentions several ways that international trade flows are qualitatively different than they were a century ago. Which of the following is NOT one of those ways?
 
  A) Firms' investment spending on capital goods is more important

123kduncan   35   3 Replies

apyatt

If two countries agree to specialize and trade based on comparative advantage, which of the ...

If two countries agree to specialize and trade based on comparative advantage, which of the ...

If two countries agree to specialize and trade based on comparative advantage, which of the following is most likely to be TRUE?
 
  A) Both of the countries will consume outside their respective production possibilities curves.
  B)

123kduncan   68   1 Reply

yagmurcagatay

Relative PPP indicates that : (Multiple Choice)

Relative PPP indicates that : (Multiple Choice)

Relative PPP indicates that
 
  A) the exchange rate between any two currencies is equal to the ratio of their price indexes.
  B) the same good sells for the same price internationally.
  C) the percentage change in the exchan

123kduncan   40   2 Replies

123kduncan

In order for large countries to successfully use tariffs to increase well being, :

In order for large countries to successfully use tariffs to increase well being, :

In order for large countries to successfully use tariffs to increase well being,
 
  A) they must have significant market power so that foreign firms will cut prices to preserve their sales.
  B) the deadweight loss created by the tar

123kduncan   57   2 Replies

123kduncan

With tied aid (a) MNC investment depends on tax concessions. (b) aid recipients must use the aid ...

With tied aid (a) MNC investment depends on tax concessions. (b) aid recipients must use the aid ...

With tied aid
 
  (a) MNC investment depends on tax concessions.
  (b) aid recipients must use the aid to purchase goods and services from the donor.
  (c) aid recipients must follow World Bank/IMF conditionality.
  (d) all

123kduncan   34   3 Replies

peytonjl

Other things constant, the elimination of factor price distortions in developing countries would ...

Other things constant, the elimination of factor price distortions in developing countries would ...

Other things constant, the elimination of factor price distortions in developing countries would most likely
 
  (a) decrease rural-urban migration.
  (b) have little effect on rural-urban migration.
  (c) increase rural-urban mi

123kduncan   42   1 Reply

Awura