Economics

Advertising is intended to

Advertising is intended to

Advertising is intended to

▸ make the demand curve more elastic.

▸ shift the demand curve to the right.

▸ shift the demand curve to the left.

▸ A and C

emlaai   9   1 Reply

ShaeTime3

The formula for AVC is

The formula for AVC is

[html]The formula for AVC is

▸ △TVC/△Q.

▸ Q/TVC.

▸

emyleepatton   9   1 Reply

osvaldoguzman

Average cost pricing is the same as

Average cost pricing is the same as

Average cost pricing is the same as

▸ price skimming.

▸ mark-up pricing.

▸ price discrimination.

▸ predatory pricing.

barry1999   9   1 Reply

aishasu

What are the three possible types of strategy according to Porter?

What are the three possible types of strategy according to Porter?

What are the three possible types of strategy according to Porter?

mdagenh1   9   1 Reply

qwer34

Trading internationally may prolong a product's life cycle.

Trading internationally may prolong a product's life cycle.

Trading internationally may prolong a product's life cycle.

▸ true

▸ false

D-john   9   1 Reply

anuja709

Which of the following in NOT an example of an abuse of market power?

Which of the following in NOT an example of an abuse of market power?

[html]Which of the following in NOT an example of an abuse of market power?

▸ Making firms who sign contracts accept unfavourable obligations in unrelated areas

▸ Charging a price below marginal cost

▸ Limiting innovation to the detriment of consu

joanne1718   9   1 Reply

swolfe15

Four of the following are advantages of electronic road pricing. Which one is NOT?

Four of the following are advantages of electronic road pricing. Which one is NOT?

[html]Four of the following are advantages of electronic road pricing. Which one is NOT?

▸ The socially efficient rate to charge can easily be ascertained.

▸ The charge can be varied according to the time of day.

▸ The charge can be varied accordi

BenAff   9   1 Reply

DWFG2796

The following diagram shows the flows into and out of the stock of unemployment.Into which of the ...

The following diagram shows the flows into and out of the stock of unemployment.Into which of the ...

[html]The following diagram shows the flows into and out of the stock of unemployment.

zar   9   1 Reply

peaceout3000

Only one of the following flows represents a demand for sterling. Which one?

Only one of the following flows represents a demand for sterling. Which one?

[html]Only one of the following flows represents a demand for sterling. Which one?

▸ Short-term financial outflows from the UK

▸ Profit earned from UK investment abroad

▸ Imports of goods and services into

jacksonfive09   9   1 Reply

shamanie

The following diagrams show the production possibilities boundaries for Austria and Switzerland, for ...

The following diagrams show the production possibilities boundaries for Austria and Switzerland, for ...

[html]The following diagrams show the production possibilities boundaries for Austria and Switzerland, for the production of bicycles and shoes.

yojoe102   9   1 Reply

ikidding

A holding company is one that

A holding company is one that

A holding company is one that

▸ owns a controlling interest in other companies.

▸ holds inventories for other companies.

▸ acts as an intermediary between two other companies.

▸ holds goods before delivery.

Gideon123   10   1 Reply

emnevius

The SIC (2007) has

The SIC (2007) has

[html]The SIC (2007) has

▸ 21 sections, 88 divisions, 191 groups, 272 classes and 615 subclasses.

▸ 272 sections, 88 divisions, 21 groups, 615 classes and 191 subclasses.

▸ 21 sections, 88 divisions, 272 groups, 615 classes and 191 subclasses.

▸

Lopezj273   10   1 Reply

binva

Explain how the price mechanism would cause a market with a surplus of goods/services to move ...

Explain how the price mechanism would cause a market with a surplus of goods/services to move ...

Explain how the price mechanism would cause a market with a surplus of goods/services to move towards equilibrium.

spruckj   10   1 Reply

Va97001

The utility of a consumer durable is uncertain because

The utility of a consumer durable is uncertain because

[html]The utility of a consumer durable is uncertain because

▸ you be unduly influenced by the product's glossy brochure.

▸ you many buy the product for one price today, but the seller may lower the price tomorrow.

▸ you cannot predict when it wil

Izzy122   10   1 Reply

NicoleLove

If a firm is only making normal profit it should leave the industry.

If a firm is only making normal profit it should leave the industry.

If a firm is only making normal profit it should leave the industry.

▸ true

▸ false

yuknam   10   1 Reply

whoohoo8

The market structure in which behaviour of any given firm depends on the behaviour of the other ...

The market structure in which behaviour of any given firm depends on the behaviour of the other ...

The market structure in which behaviour of any given firm depends on the behaviour of the other firms in the industry is

▸ monopoly.

▸ monopolistic competition.

▸ perfect competition.

▸ oligopoly.

jaspinder kaur   10   1 Reply

amw87470

In which stage(s) of the product life cycle are price wars likely to break out?

In which stage(s) of the product life cycle are price wars likely to break out?

In which stage(s) of the product life cycle are price wars likely to break out?

▸ Maturity and decline

▸ Decline only

▸ Launch

▸ Growth

Begonia   10   1 Reply

gdchavis1

Which of the following is an aspect of strategic management?

Which of the following is an aspect of strategic management?

Which of the following is an aspect of strategic management?

▸ Dealing with routine personnel issues

▸ Evaluating investment options

▸ Checking production is within budget

▸ All of the above are aspects of strategic management.

malabranche13   10   1 Reply

blazeypooh

The move by supermarkets into insurance and banking is diversification.

The move by supermarkets into insurance and banking is diversification.

The move by supermarkets into insurance and banking is diversification.

▸ true

▸ false

nyounger   10   1 Reply

Cass Stein

The whole of Africa receives only between 8% and 10% of world FDI.

The whole of Africa receives only between 8% and 10% of world FDI.

The whole of Africa receives only between 8% and 10% of world FDI.

▸ true

▸ false

Yeeeee89   10   1 Reply

Andreasnlnvld

Efficiency occurs when

Efficiency occurs when

Efficiency occurs when

▸ all markets are in equilibrium.

▸ the economy has a fair and just distribution of income.

▸ the economy is producing what people want at least possible cost.

▸ unemployment is low and prices are stable.

jujubee600   10   1 Reply

anuja709

Which one of the following demands for road space is NOT a derived demand?

Which one of the following demands for road space is NOT a derived demand?

[html]Which one of the following demands for road space is NOT a derived demand?

▸ Using a car to go for a Sunday afternoon drive

▸ Using a bus to go to work

▸ Using a car to go shopping

▸ Lorries using roads to deliver goods

▸ Using a car to go

Frost   10   1 Reply

Omama

A possible disadvantage of trade between two countries is that

A possible disadvantage of trade between two countries is that

[html]A possible disadvantage of trade between two countries is that

▸ both countries move out beyond their previous resource and productivity constraints.

▸ long-term unemployment in both countries will increase.

▸ trade will lead to a more equit

joanne1718   10   1 Reply

blazeypooh

A tariff is

A tariff is

[html]A tariff is

▸ a government payment made to domestic firms to encourage exports.

▸ the difference between the price a product sells for in the country it is produced in and the price it is sold for in another country.

▸ a limit on the quantit

regina nana   10   1 Reply

meigsfla

Give two advantages of fixed exchange rates.

Give two advantages of fixed exchange rates.

Give two advantages of fixed exchange rates.

shayeshaye00   10   1 Reply

eltoro

The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada. ...

The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada. ...

[html]The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada. Assume that the market is competitive, all jets are identical, and that Canada engages in international trade.

lotusflwr   10   1 Reply

lewmyr

The following diagrams show the production possibilities boundaries for Austria and Switzerland, for ...

The following diagrams show the production possibilities boundaries for Austria and Switzerland, for ...

[html]The following diagrams show the production possibilities boundaries for Austria and Switzerland, for the production of bicycles and shoes.

killerbear900   10   1 Reply

Hlh13

Assume that the expectation of declining housing prices cause households to reduce their demand for ...

Assume that the expectation of declining housing prices cause households to reduce their demand for ...

Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, w

Silvertxpia   10   3 Replies

sneeedy

An example of an institutional requirement for the operation of effective private markets is (a) ...

An example of an institutional requirement for the operation of effective private markets is (a) ...

An example of an institutional requirement for the operation of effective private markets is
 
  (a) enforcement of contracts.
  (b) the ability of government to correctly project trends.
  (c) the ability of advertisers to influ

jlam10   10   2 Replies

jlam10

What are the conditions that an exchange must satisfy in order to make two individuals participate ...

What are the conditions that an exchange must satisfy in order to make two individuals participate ...

What are the conditions that an exchange must satisfy in order to make two individuals participate in it?

QUESTION 2

Economies of scale exist when the long-run average-total-cost curve is positively sloped.
 a. True
 

AllisonHope3   10   3 Replies

elchapojr

Which of the following is illustrated by the distance between the aggregate expenditure line and the ...

Which of the following is illustrated by the distance between the aggregate expenditure line and the ...

Which of the following is illustrated by the distance between the aggregate expenditure line and the 45-degree line at each level of real GDP?
 a. The level of saving in an economy
 b. Unplanned inventory change
 c. Planned investment

sarahnguyen   10   3 Replies

Chefiegal

In the short run, a sales tax is:

In the short run, a sales tax is:

In the short run, a sales tax is:
 a. wholly absorbed by the producer.
  b. shared between the consumer and the producer.
  c. deferred until the market is able to re-establish an equilibrium price.
  d. wholly absorbed by the co

jhgfdsa   10   3 Replies

kimahnse

By 1860, two-thirds of America's woolen output was produced in:

By 1860, two-thirds of America's woolen output was produced in:

By 1860, two-thirds of America's woolen output was produced in:
 a. the area surrounding Philadelphia.
  b. New England.
  c. the Mid-Atlantic states.
  d. New York city.

Question 2

teilour   10   2 Replies

teilour

Using the information in the table above, what does GDP equal?

Using the information in the table above, what does GDP equal?

Using the information in the table above, what does GDP equal?
A) $365 billion
B) $350 billion
C) $650 billion
D) $380 billion
E) GDP cannot be calculated without information on the amount of investment.

babesitter09   10   1 Reply

16daniellea

The major economic effect of Medicare subsidies is

The major economic effect of Medicare subsidies is

The major economic effect of Medicare subsidies is
A) that the number of physicians has decreased since compensation is low.
B) to increase the price of medical services and reduce the quantity demanded.
C) to increase the price of medical service

HaydenH01   10   2 Replies

HaydenH01

Maria buys a cup of coffee every day after her economics class. The first cup of coffee always ...

Maria buys a cup of coffee every day after her economics class. The first cup of coffee always ...

Maria buys a cup of coffee every day after her economics class. The first cup of coffee always tastes wonderful. The second does not taste quite as good as the first. The third does not taste quite as good as the second. Maria is experiencing
A) irr

Vvv   10   1 Reply

terriroberts96

In which field would economic rents likely be greatest for the best in their field?

In which field would economic rents likely be greatest for the best in their field?

In which field would economic rents likely be greatest for the best in their field?
A) farming
B) teaching
C) hockey
D) car repairing

blazingferrai   10   2 Replies

blazingferrai

Joanne left her last job, in which she was earning $60,000, in order to form her own consulting ...

Joanne left her last job, in which she was earning $60,000, in order to form her own consulting ...

Joanne left her last job, in which she was earning $60,000, in order to form her own consulting business. Her revenues for the first year of consulting were $210,000. During that year, she hired two assistants for $25,000 each and spent $25,000 on of

Meesh1234   10   2 Replies

Meesh1234

Which combination of circumstances will most likely raise the rate of interest for a loan the most?

Which combination of circumstances will most likely raise the rate of interest for a loan the most?

Which combination of circumstances will most likely raise the rate of interest for a loan the most?
A) low handling charges and low risk
B) low handling charges and a long length of time for repayment
C) high risk and low handling charges
D) high

Cookiemonster   10   3 Replies

Jslemin

In economics, interest refers to all of the following EXCEPT

In economics, interest refers to all of the following EXCEPT

In economics, interest refers to all of the following EXCEPT
A) the payment for current rather than future command over resources.
B) the cost of obtaining credit.
C) the return paid to owners of financial institutions.
D) the return paid to the

sann0001   10   2 Replies

sann0001