Economics

International trade has increased for which of the following reasons?

International trade has increased for which of the following reasons?

International trade has increased for which of the following reasons?
A) The development of more efficient world financial markets.
B) Higher costs of transporting goods between countries.
C) More government spending on goods and servi

ice5192   33   2 Replies

ice5192

Measurement errors of changes in the Solow residual during recessions are most likely caused by

Measurement errors of changes in the Solow residual during recessions are most likely caused by

Measurement errors of changes in the Solow residual during recessions are most likely caused by
A) underutilization of labour and capital.
B) underutilization of labour, but not of capital.
C) underutilization of capital, but not of la

smitch6   33   1 Reply

Blade73

The Keynesian view implies that there is a role for monetary and fiscal policy in stabilizing the ...

The Keynesian view implies that there is a role for monetary and fiscal policy in stabilizing the ...

The Keynesian view implies that there is a role for monetary and fiscal policy in stabilizing the economy in response to aggregate shocks because
A) prices and wages are slow to clear markets.
B) money is neutral.
C) comovement of aggr

smitch6   33   1 Reply

karmar

For a consumer not bound by the collateral constraint, a reduction in the price of the collateral ...

For a consumer not bound by the collateral constraint, a reduction in the price of the collateral ...

For a consumer not bound by the collateral constraint, a reduction in the price of the collateral leads to
A) nothing.
B) an increase in current consumption and a decrease in future consumption.
C) a decrease in current consumption an

ice5192   33   1 Reply

karmar

The government can cause growth to increase in the endogenous growth model by

The government can cause growth to increase in the endogenous growth model by

The government can cause growth to increase in the endogenous growth model by
A) cutting back on government spending.
B) promoting more efficient human capital accumulation and the devotion of more time to human capital accumulation.
C

ice5192   33   2 Replies

ice5192

After the 2008-2009 recession in Canada

After the 2008-2009 recession in Canada

After the 2008-2009 recession in Canada
A) growth in the labour input was historically low.
B) growth in output was historically high.
C) growth in productivity was historically high.
D) growth in real GDP was lower than in the pe

smitch6   33   1 Reply

Blade73

When consumption and leisure are both normal goods, an increase in real dividend income minus ...

When consumption and leisure are both normal goods, an increase in real dividend income minus ...

When consumption and leisure are both normal goods, an increase in real dividend income minus taxation, the rational consumer
A) increases consumption and increases leisure.
B) increases consumption and reduces leisure.
C) reduces cons

smitch6   33   1 Reply

karmar

Significant problems with measuring real GDP and the price level include

Significant problems with measuring real GDP and the price level include

Significant problems with measuring real GDP and the price level include
A) changes in the number of consumers.
B) changes in relative price levels.
C) changes in standards of living.
D) purchases of used goods.
E) changes in

ice5192   33   2 Replies

ice5192

To calculate the change in chain-weighted real GDP from one year to the next, we use

To calculate the change in chain-weighted real GDP from one year to the next, we use

To calculate the change in chain-weighted real GDP from one year to the next, we use
A) first-year prices.
B) second-year prices.
C) the percentage change in prices from the first year to the second.
D) average prices over the two

smitch6   33   1 Reply

karmar

Construction of chain-weighted real GDP employs the technique of a(n)

Construction of chain-weighted real GDP employs the technique of a(n)

Construction of chain-weighted real GDP employs the technique of a(n)
A) Herfindahl index.
B) Fisher index.
C) Gini index.
D) body mass index.
E) inflation rate index.

smitch6   33   1 Reply

karmar

A trade-off between aggregate output and inflation

A trade-off between aggregate output and inflation

A trade-off between aggregate output and inflation
A) is theoretically possible, but has never been observed in practice.
B) sometimes exists, but is unstable.
C) sometimes exists, and is stable.
D) is not theoretically possible,

smitch6   33   1 Reply

karmar

Assume the following is true: in the past, many firms promised their workers a certain type of ...

Assume the following is true: in the past, many firms promised their workers a certain type of ...

Assume the following is true: in the past, many firms promised their workers a certain type of pension plan in exchange for lower wages. Recently, these firms reneged on their promise by changing to another pension plan that was significantly less va

SebKom   33   1 Reply

desperado2

How does the quit rate behave over the business cycle?

How does the quit rate behave over the business cycle?

How does the quit rate behave over the business cycle?

BrendanOO7   33   1 Reply

desperado2

As long as immigrants are paid their marginal product and pay more in taxes than they consume in ...

As long as immigrants are paid their marginal product and pay more in taxes than they consume in ...

As long as immigrants are paid their marginal product and pay more in taxes than they consume in government benefits, then an increase of immigrants will cause
A) aggregate income of natives to increase.
B) average wages of workers to incre

Peregrinus   33   1 Reply

desperado2

Suppose day-care centers charge by the hour (with no daily fixed costs). The government then ...

Suppose day-care centers charge by the hour (with no daily fixed costs). The government then ...

Suppose day-care centers charge by the hour (with no daily fixed costs). The government then subsidizes day-care, cutting the hourly cost. Assume the income effect dominates the substitution effect for working mothers. The effect of the subsidy will

BrendanOO7   33   1 Reply

Shadias

"When a worker's wage rate changes, there are two opposing effects—an income effect and a ...

"When a worker's wage rate changes, there are two opposing effects—an income effect and a ...

"When a worker's wage rate changes, there are two opposing effects—an income effect and a substitution effect."  Explain the meaning of the quote.

SebKom   33   1 Reply

desperado2

In Job X, the employer gets a gross benefit of $600 a week from employing a worker (this is the ...

In Job X, the employer gets a gross benefit of $600 a week from employing a worker (this is the ...

In Job X, the employer gets a gross benefit of $600 a week from employing a worker (this is the highest wage the employer will pay). The worker is willing to work for the employer if paid $400 a week or more. Which of the following is Pareto efficien

BrendanOO7   33   1 Reply

desperado2

Improvements in equity (Multiple Choice Question)

Improvements in equity (Multiple Choice Question)

Improvements in equity
A) involve comparing the welfare lost by some against the welfare gained by others.
B) are impossible if the initial distribution is Pareto Optimal.
C) generally increase efficiency.
D) can be scientifically

BrendanOO7   33   1 Reply

thanhtanrx789

The above figure shows the market for steel ingots. What is the total surplus under social ...

The above figure shows the market for steel ingots. What is the total surplus under social ...

The above figure shows the market for steel ingots. What is the total surplus under social optimum?
A) $2500
B) $5000
C) $6500
D) Not enough information.

MrsAngelD   33   1 Reply

SaHiN22

For an oligopolistic firm, which of the following can be identified as a strategy?

For an oligopolistic firm, which of the following can be identified as a strategy?

For an oligopolistic firm, which of the following can be identified as a strategy?
A) Produce 10,000 units regardless of what the rivals do.
B) Advertise if the rival advertises, do not advertise if the rival does not advertise.
C) Ra

PaulKet   33   1 Reply

desperado2

The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, ...

The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, ...

The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. If a $1 per unit tariff is imposed on imported rice, the quantity of imported rice will decrease by

djsmyers   33   1 Reply

SaHiN22

Suppose that for each firm in the competitive market for potatoes, long-run average cost is ...

Suppose that for each firm in the competitive market for potatoes, long-run average cost is ...

Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at 20¢ per pound when 500 pounds are grown. The demand for potatoes is Q = 10,000/p. If the long-run supply curve is horizontal, then how many pound

MrGrimey   33   1 Reply

unExpected

Suppose that for each firm in the competitive market for potatoes, long-run average cost is ...

Suppose that for each firm in the competitive market for potatoes, long-run average cost is ...

Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at 20¢ per pound when 500 pounds are grown. If the long-run supply curve is horizontal, then
A) some firms will enjoy long-run profits because

djsmyers   33   1 Reply

unExpected

What is the last dollar rule for cost-minimization? Provide a brief explanation (in words) as well ...

What is the last dollar rule for cost-minimization? Provide a brief explanation (in words) as well ...

What is the last dollar rule for cost-minimization? Provide a brief explanation (in words) as well as the corresponding mathematical equality. If the firm is producing at a point where the isocost line is steeper than the isoquant, what does the last

MrsAngelD   33   1 Reply

Rumko

A firm has the following production function:q = (L1/3 + K1/3)3a.Determine the returns to scale for ...

A firm has the following production function:q = (L1/3 + K1/3)3a.Determine the returns to scale for ...

A firm has the following production function:
      q = (L1/3 + K1/3)3

a.   Determine the returns to scale for this function.
b.    Determine the MRTS.
c.    Determine the Elasticity of Substitution.

PaulKet   33   2 Replies

PaulKet

Ed's utility from vacations (V) and meals (M) is given by the function U(V,M) = V2M. Last year, the ...

Ed's utility from vacations (V) and meals (M) is given by the function U(V,M) = V2M. Last year, the ...

Ed's utility from vacations (V) and meals (M) is given by the function U(V,M) = V2M. Last year, the price of vacations was $200 and the price of meals was $50. This year, the price of meals rose to $75, the price of vacations remained the same.

djsmyers   33   1 Reply

unExpected

For each of the following statements, define all of the underlined terms. Then, explain why the ...

For each of the following statements, define all of the underlined terms. Then, explain why the ...

For each of the following statements, define all of the underlined terms. Then, explain why the statement is true or false.
a.   If a consumer views two goods as perfect substitutes then their optimal choice will be a corner solution.
b.   The

MrsAngelD   33   1 Reply

SaHiN22

An optimum that occurs as a corner solution

An optimum that occurs as a corner solution

An optimum that occurs as a corner solution
A) includes only one good.
B) cannot be an equilibrium.
C) cannot exhaust the budget constraint.
D) includes the exact same amounts of each good.

MrsAngelD   33   1 Reply

Rumko

Most modern financial centers use computers to match buyers and sellers. This absence of personal ...

Most modern financial centers use computers to match buyers and sellers. This absence of personal ...

Most modern financial centers use computers to match buyers and sellers. This absence of personal contact contradicts the definition of a market.

MrsAngelD   33   1 Reply

unExpected

The flu vaccination example in Section 1.1 of the textbook is an example of how policy makers may ...

The flu vaccination example in Section 1.1 of the textbook is an example of how policy makers may ...

The flu vaccination example in Section 1.1 of the textbook is an example of how policy makers may cope with
A) scarcity of medical treatment.
B) scarcity of patients.
C) scarcity of policy makers.
D) answering the question of how

MrsAngelD   33   1 Reply

Rumko

The price of a good is

The price of a good is

The price of a good is
A) always equal to the cost of producing the good.
B) never affected by the number of buyers and sellers.
C) usually determined in a market.
D) None of the above.

PaulKet   33   2 Replies

PaulKet

If the product sold between divisions has no intermediate market, the opportunity cost of supplying ...

If the product sold between divisions has no intermediate market, the opportunity cost of supplying ...

If the product sold between divisions has no intermediate market, the opportunity cost of supplying the product internally is the variable cost of the product.
 T/F?

dxpayne   33   1 Reply

Allopa

Next Service Centre is considering purchasing a new computer network for $82,000. It will require ...

Next Service Centre is considering purchasing a new computer network for $82,000. It will require ...

Next Service Centre is considering purchasing a new computer network for $82,000. It will require additional working capital of $13,000. Its anticipated eight-year life will generate additional client revenue of $33,000 annually with operating costs,

pduvin   33   1 Reply

Allopa

Which of the following journal entries correctly represents the transfer of completed goods for the ...

Which of the following journal entries correctly represents the transfer of completed goods for the ...

Which of the following journal entries correctly represents the transfer of completed goods for the current period using the FIFO method of process costing?
A)
Finished Goods   $10,560.28
        Loss from Spoilage   $

StormLrd   33   1 Reply

Allopa

Which of the following is NOT a strategy for costing inventory when joint-cost circumstances are ...

Which of the following is NOT a strategy for costing inventory when joint-cost circumstances are ...

Which of the following is NOT a strategy for costing inventory when joint-cost circumstances are involved?
A) Allocate costs according to the market selling price.
B) Allocate costs based on constant gross margin.
C) Allocate costs acc

ruskin   33   1 Reply

GarretA

The cause-and-effect criterion is not present when joint costing is used. T/F?

The cause-and-effect criterion is not present when joint costing is used. T/F?

The cause-and-effect criterion is not present when joint costing is used.
 T/F?

ruskin   33   1 Reply

GarretA

Learning and growth perspective identifies the capabilities in which the organization must excel to ...

Learning and growth perspective identifies the capabilities in which the organization must excel to ...

Learning and growth perspective identifies the capabilities in which the organization must excel to achieve superior internal processes that create value for customers and shareholders.
 T/F?

StormLrd   33   1 Reply

GarretA

If Konrade's Engine Company purchases 1,000 TE456 parts from the outside supplier per month, then ...

If Konrade's Engine Company purchases 1,000 TE456 parts from the outside supplier per month, then ...

If Konrade's Engine Company purchases 1,000 TE456 parts from the outside supplier per month, then its monthly operating income will
A) increase by $13,000.
B) increase by $15,000.
C) decrease by $5,000.
D) decrease by $3,0

dxpayne   33   2 Replies

dxpayne

The costs relating to new materials testing are classified as appraisal costs. T/F?

The costs relating to new materials testing are classified as appraisal costs. T/F?

The costs relating to new materials testing are classified as appraisal costs.
 T/F?

StormLrd   33   1 Reply

btpsand

The annual capacity of a machine is 12,000 hours, with the balance being taken for routine ...

The annual capacity of a machine is 12,000 hours, with the balance being taken for routine ...

The annual capacity of a machine is 12,000 hours, with the balance being taken for routine maintenance. It takes 10 hours to process one job (each job = 1 batch),. Altogether, there are seven employees who operate the machine at different times. Orde

ruskin   33   1 Reply

pacho