Economics

Adverse selection problems in health insurance are reduced by all of the following except:

Adverse selection problems in health insurance are reduced by all of the following except:

Adverse selection problems in health insurance are reduced by all of the following except:
 a. requiring physical exams.
 b. requiring patients to pay higher deductibles.
 c. insuring entire groups.
 d. by limiting the period of

吳家良   36   2 Replies

吳家良

When a monopolist faces a fixed marginal cost of production, profit is maximized if:

When a monopolist faces a fixed marginal cost of production, profit is maximized if:

When a monopolist faces a fixed marginal cost of production, profit is maximized if:
 a. the slope of the tangent to the total revenue curve is equal to the slope of the total cost curve.
  b. the slope of the total cost curve is 1.
 

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吳家良

When the marginal-cost curve lies above the average-total-cost curve, the average-total-cost curve ...

When the marginal-cost curve lies above the average-total-cost curve, the average-total-cost curve ...

When the marginal-cost curve lies above the average-total-cost curve, the average-total-cost curve slopes up and the average-variable-cost curve slopes down.
 a. True
  b. False
  Indicate whether the statement is true or false
[br

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mcgee2

In the aggregate expenditures model, an increase in government spending causes a(n):

In the aggregate expenditures model, an increase in government spending causes a(n):

In the aggregate expenditures model, an increase in government spending causes a(n):
 a. upward shift in the aggregate expenditures curve.
  b. downward shift in the aggregate expenditures curve.
  c. shift in the 45-degree line.

吳家良   58   1 Reply

sarahdmarie

In the United States during the 1960s, government spending dramatically increased to fight the ...

In the United States during the 1960s, government spending dramatically increased to fight the ...

In the United States during the 1960s, government spending dramatically increased to fight the Vietnam War, which resulted in:
 a. demand-pull inflation.
  b. cost-push inflation.
  c. a disinflationary recession.
  d. stagflatio

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Me12345

Which of the following would count as an investment expenditure in the GDP expenditures approach? ...

Which of the following would count as an investment expenditure in the GDP expenditures approach? ...

Which of the following would count as an investment expenditure in the GDP expenditures approach?
 a. General Motors hires 10 electrical engineers.
  b. Boeing purchases a new metal stretching machine used to produce airplane wings.
 

吳家良   56   2 Replies

吳家良

Which of the following is not a goal of the Fed?

Which of the following is not a goal of the Fed?

Which of the following is not a goal of the Fed?
 a. Maintaining a high level of employment
 b. Maintaining stability in interest rates
 c. Maintaining high prices to encourage production
  d. Maintaining stability in financial m

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吳家良

The antitrust legislation that was designed to help small stores survive competition with large ...

The antitrust legislation that was designed to help small stores survive competition with large ...

The antitrust legislation that was designed to help small stores survive competition with large retail chains was the:
 a. FTC Act.
  b. Sherman Antitrust Act.
  c. Celler-Kefauver Act.
  d. Robinson-Patman Act.
  e. Clayton

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Fleur-de-lis

A trend in developing countries is that

A trend in developing countries is that

A trend in developing countries is that
 a. the birth rate during a typical woman's lifetime has increased from three to six children
  b. attitudes toward family size are changing
  c. when women have employment opportunities outside

吳家良   28   3 Replies

ssssaww

Along a consumer's demand curve, price reflects

Along a consumer's demand curve, price reflects

Along a consumer's demand curve, price reflects
 a. the costs of production
  b. the dollar value of the total utility from the good
  c. the dollar value of the marginal utility of each additional unit of the good
  d. the maxim

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Candy71444

Households supply four basic types of resources. They include all of the following except

Households supply four basic types of resources. They include all of the following except

Households supply four basic types of resources. They include all of the following except
 a. natural resources
  b. final goods and services
  c. capital
  d. entrepreneurial ability
  e. labor

QUESTION 2
[

吳家良   36   2 Replies

吳家良

In a two-person repeated game, a tit-for-tat strategy refers to

In a two-person repeated game, a tit-for-tat strategy refers to

In a two-person repeated game, a tit-for-tat strategy refers to
 a. Where each player pursues his or her own self-interest without any cooperation
  b. Where players start off as non-cooperative and then cooperate when one or both players

吳家良   20   2 Replies

吳家良

Economics question

Economics question

Professor Rush decides to quit teaching economics and opens a shoe store out at the mall. He gave up an annual income of $50,000 to open the store. A year after opening the shoe store, the total revenue for the year was $200,000. Rush's expenses

古九寒   216   1 Reply

topgradehub

Macroeconomics is the study of

Macroeconomics is the study of

Macroeconomics is the study of
A) the economic issues which affect individual well-being and individual firms' profit levels.
B) the economic issues which affect foreign and domestic prices of related goods and services.
C) inflat

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Political incumbents often gain or lose re-election because of a strong or weak economy. Which of ...

Political incumbents often gain or lose re-election because of a strong or weak economy. Which of ...

Political incumbents often gain or lose re-election because of a strong or weak economy. Which of the following is an exception to that rule?
A) Al Gore
B) George H.W. Bush
C) Jimmy Carter
D) Herbert Hoover

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A high inflation rate will

A high inflation rate will

A high inflation rate will
A) harm those who have saved while helping those who have borrowed.
B) harm those who have borrowed while helping those who have saved.
C) harm those who have saved and those who have borrowed.
D) benefi

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★ѕραndavir

Which of the three central concepts in macroeconomics is cited in the textbook as being linked to ...

Which of the three central concepts in macroeconomics is cited in the textbook as being linked to ...

Which of the three central concepts in macroeconomics is cited in the textbook as being linked to crime, mental illness, and suicide?
A) the inflation rate
B) the unemployment rate
C) productivity growth
D) None of the above is ci

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The branch of macroeconomics concerned with changes in the natural real GDP is the theory of

The branch of macroeconomics concerned with changes in the natural real GDP is the theory of

The branch of macroeconomics concerned with changes in the natural real GDP is the theory of
A) business cycles.
B) economic growth.
C) GDP gaps.
D) unemployment.

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★ѕραndavir

The central macroeconomic concept that is most clearly related to changes in the well-being of the ...

The central macroeconomic concept that is most clearly related to changes in the well-being of the ...

The central macroeconomic concept that is most clearly related to changes in the well-being of the average member of the economy is the
A) unemployment rate.
B) inflation rate.
C) productivity growth rate.
D) None of the above is

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★ѕραndavir

Do macroeconomic issues concern the well-being of the typical individual member of an economy?

Do macroeconomic issues concern the well-being of the typical individual member of an economy?

Do macroeconomic issues concern the well-being of the typical individual member of an economy?
A) No, since we are focusing on the behavior of aggregate quantities.
B) No, since most individuals have little contact with other economies in t

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★ѕραndavir

Macroeconomics focuses on a certain set of variables called

Macroeconomics focuses on a certain set of variables called

Macroeconomics focuses on a certain set of variables called
A) micros.
B) marginals.
C) partials.
D) balances.
E) aggregates.

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★ѕραndavir

As an example of the simplifications that make economic theorizing possible, the major economic ...

As an example of the simplifications that make economic theorizing possible, the major economic ...

As an example of the simplifications that make economic theorizing possible, the major economic "totals" are assumed to be constant in the study of
A) government budget deficits.
B) macroeconomics.
C) economic aggregates.

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The natural level of real GDP is that level of

The natural level of real GDP is that level of

The natural level of real GDP is that level of
A) real GDP at which the price level will continue increasing.
B) nominal GDP at which the price level will remain constant.
C) real GDP at which there is no tendency for inflation to acce

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Business cycles in the United States

Business cycles in the United States

Business cycles in the United States
A) tend to occur at regular intervals and are periodic.
B) tend to recur at irregular intervals, but are usually of the same length.
C) were quite common before World War II but have not occurred in

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Suppose that the natural rate of unemployment is 5.7 percent. If unemployment has for some time been ...

Suppose that the natural rate of unemployment is 5.7 percent. If unemployment has for some time been ...

Suppose that the natural rate of unemployment is 5.7 percent. If unemployment has for some time been varying between 5.1 and 5.3 percent, we should be at an actual real GDP ________ the natural real GDP, and should expect inflation to be ________.

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Given the path of natural real GDP growth, economists prefer an economy such as ________, in which ...

Given the path of natural real GDP growth, economists prefer an economy such as ________, in which ...

Given the path of natural real GDP growth, economists prefer an economy such as ________, in which the real GDP gaps are ________.
A) Stabilia's, minimized
B) Stabilia's, maximized
C) Volatilia's, minimized
D) Volat

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★ѕραndavir

In 1991 the unemployment rate in the United States rose to 7.1 percent. This is ________ the ...

In 1991 the unemployment rate in the United States rose to 7.1 percent. This is ________ the ...

In 1991 the unemployment rate in the United States rose to 7.1 percent. This is ________ the unemployment rate reached in the depths of the Great Depression.
A) about two percentage points more than
B) roughly equal to
C) about three p

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Prior to 1995 productivity growth in Europe was ________ in the United States.

Prior to 1995 productivity growth in Europe was ________ in the United States.

Prior to 1995 productivity growth in Europe was ________ in the United States.
A) higher than
B) lower than
C) same as
D) None of the above

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Compared to the US, the unemployment rate in Europe was ________ throughout the 1960s and 1970s and ...

Compared to the US, the unemployment rate in Europe was ________ throughout the 1960s and 1970s and ...

Compared to the US, the unemployment rate in Europe was ________ throughout the 1960s and 1970s and ________ after 1980.
A) higher; lower
B) lower; higher
C) lower; remained lower
D) higher, remained higher

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★ѕραndavir

After 1995 U.S. growth rate ________ and the European Rate ________

After 1995 U.S. growth rate ________ and the European Rate ________

After 1995 U.S. growth rate ________ and the European Rate ________
A) slowed down; speeded up
B) speeded up; slowed down
C) slowed down; slowed down
D) speeded up, speeded up

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★ѕραndavir

The U.S. business cycle record, in common with most, has

The U.S. business cycle record, in common with most, has

The U.S. business cycle record, in common with most, has
A) peaks lasting longer than troughs.
B) troughs lasting longer than peaks.
C) recessions lasting longer than expansions.
D) expansions lasting longer than recessions.

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★ѕραndavir

The recession of 1990-1992 ________ the trend set over 1965-1990 of ________ unemployment rates at ...

The recession of 1990-1992 ________ the trend set over 1965-1990 of ________ unemployment rates at ...

The recession of 1990-1992 ________ the trend set over 1965-1990 of ________ unemployment rates at each successive cyclical trough.
A) continued, lower
B) continued, higher
C) broke, lower
D) broke, higher

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In 1999 the European unemployment rate was ________ that in the United States.

In 1999 the European unemployment rate was ________ that in the United States.

In 1999 the European unemployment rate was ________ that in the United States.
A) double
B) triple
C) equal to
D) lower compared to

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Are government activities of any concern to macroeconomists?

Are government activities of any concern to macroeconomists?

Are government activities of any concern to macroeconomists?
A) Yes, since government actions and policies can affect an economy's overall performance.
B) Yes, since macroeconomics is defined as the study of the role that government pl

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Much of macroeconomics is concerned with advising governments on ways to ________ business cycles, ...

Much of macroeconomics is concerned with advising governments on ways to ________ business cycles, ...

Much of macroeconomics is concerned with advising governments on ways to ________ business cycles, since it is desirable to ________.
A) amplify, create the greatest cyclical peaks possible
B) amplify, create deep recessions to cool down th

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★ѕραndavir

Policy that tries to influence target variables by changing the interest rate is called

Policy that tries to influence target variables by changing the interest rate is called

Policy that tries to influence target variables by changing the interest rate is called
A) fiscal policy.
B) interest rate policy.
C) recession policy.
D) monetary policy.

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★ѕραndavir

Fiscal policy tries to influence target variables by manipulating

Fiscal policy tries to influence target variables by manipulating

Fiscal policy tries to influence target variables by manipulating
A) money supply.
B) interest rates.
C) government expenditures.
D) All of the above.

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★ѕραndavir

The real income per capita is a measure of the

The real income per capita is a measure of the

The real income per capita is a measure of the
A) well-being of every individual in the nation.
B) well-being of the average individual in the nation.
C) well-being of the average employed person in the nation.
D) total well-being

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Assume a simple economy without a government and that saving and borrowing behavior is never ...

Assume a simple economy without a government and that saving and borrowing behavior is never ...

Assume a simple economy without a government and that saving and borrowing behavior is never observed. Then the value of
A) production is equal to income.
B) expenditures is less than the value of production.
C) production is less than

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The condition in circular-flow models whereby firms purchase all the goods not purchased by ...

The condition in circular-flow models whereby firms purchase all the goods not purchased by ...

The condition in circular-flow models whereby firms purchase all the goods not purchased by households is that
A) inventory investment is zero.
B) saving is zero.
C) fixed investment is zero.
D) consumption equals investment.

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