Economics

A decrease in the unemployment rate may be represented as a movement from a point on the production

A decrease in the unemployment rate may be represented as a movement from a point on the production

A decrease in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a point outside the frontier.
True or false?

Tidy   405   2 Replies

Dropx

Consider a production possibility frontier with jeans on the vertical axis and shoes on the horizont

Consider a production possibility frontier with jeans on the vertical axis and shoes on the horizont

Consider a production possibility frontier with jeans on the vertical axis and shoes on the horizontal axis. As the country moves along the frontier closer to the horizontal axis,
A) more jeans are produced.
B) the country eventually choose

Loraine   405   2 Replies

Chimelo46

A company is considering purchasing two different high-speed photocopiers. The regular model costs ...

A company is considering purchasing two different high-speed photocopiers. The regular model costs ...

A company is considering purchasing two different high-speed photocopiers. The regular model costs $4,500 and the deluxe model costs $6,100. The company has projected cash savings of $800 for the first year, and then $850 annually thereafter for both

StormLrd   406   1 Reply

GarretA

Which of the following is an assumption implicit in process-costing?

Which of the following is an assumption implicit in process-costing?

Which of the following is an assumption implicit in process-costing?
A) All completed units receive more direct material inputs than units in process.
B) All completed units receive less direct material inputs than units in process.
C)

pduvin   406   1 Reply

Allopa

Aromatic Coffee Inc.. sells two types of coffee, Colombian and Blue Mountain. The monthly budget for ...

Aromatic Coffee Inc.. sells two types of coffee, Colombian and Blue Mountain. The monthly budget for ...

Aromatic Coffee Inc.. sells two types of coffee, Colombian and Blue Mountain. The monthly budget for U.S. coffee sales is based on a combination of last year's performance, a forecast of industry sales, and the company's expected share of t

pduvin   406   3 Replies

travisvorr

A local financial consulting firm employs 30 full-time staff. The budgeted compensation per employee ...

A local financial consulting firm employs 30 full-time staff. The budgeted compensation per employee ...

A local financial consulting firm employs 30 full-time staff. The budgeted compensation per employee is $50,000, for 2,000 hours. All direct labour costs are charged to clients.

Any other costs are included in a single indirect-cost pool,

ruskin   406   2 Replies

Xalvadora Whyte

Suppose that a tire factory produces $825,000 of output and causes $70,000 worth of pollution as a ...

Suppose that a tire factory produces $825,000 of output and causes $70,000 worth of pollution as a ...

Suppose that a tire factory produces $825,000 of output and causes $70,000 worth of pollution as a result of production. The tire factory's official contribution to GDP would be ________ and its overall contribution to society would be ________.

sinerus   406   3 Replies

J. Alexander

By making exchange ________, money allows for ________ and higher ________.

By making exchange ________, money allows for ________ and higher ________.

By making exchange ________, money allows for ________ and higher ________.
A) harder; specialization; costs
B) easier; specialization; productivity
C) harder; generalization; productivity
D) easier; specialization; costs

Tidy   406   1 Reply

Sydnie

Across developed and newly industrialized economies, since 1989 the United States has generally had

Across developed and newly industrialized economies, since 1989 the United States has generally had

Across developed and newly industrialized economies, since 1989 the United States has generally had
A) a higher unemployment rate than Japan and Hong Kong and a lower unemployment rate than the Eurozone countries.
B) a lower unemployment r

Loraine   406   2 Replies

Chimelo46

After having a monopoly in the diamond market for many years, by 2000 the De Beers company faced com

After having a monopoly in the diamond market for many years, by 2000 the De Beers company faced com

After having a monopoly in the diamond market for many years, by 2000 the De Beers company faced competition from other companies. To maintain its market share, De Beers
A) began buying so-called "blood diamonds" in order to keep these

Tidy   406   1 Reply

VincenzoD

Some policymakers have proposed giving parents of children in poorly performing schools tax dollars

Some policymakers have proposed giving parents of children in poorly performing schools tax dollars

Some policymakers have proposed giving parents of children in poorly performing schools tax dollars to help send their children to private schools. This proposal is an example of
A) vouchers.
B) public provision.
C) external costs.

Loraine   406   2 Replies

Chimelo46

The use of money adds to wealth because it tends to increase people's

The use of money adds to wealth because it tends to increase people's

The use of money adds to wealth because it tends to increase people's
A) options.
B) risks.
C) costs.
D) expenditures.
E) elasticity of demand.

Sublight2097   406   2 Replies

Sublight2097

DeShawn's Detailing is a service that details cars at the customers' homes or places of work. DeShaw

DeShawn's Detailing is a service that details cars at the customers' homes or places of work. DeShaw

DeShawn's Detailing is a service that details cars at the customers' homes or places of work. DeShawn's cost for a basic detailing package is $40, and he charges $75 for this service. For a total price of $90, DeShawn will also detail

Tidy   406   2 Replies

Chimelo46

Which of the following most resembles a case of statistical discrimination?

Which of the following most resembles a case of statistical discrimination?

Which of the following most resembles a case of statistical discrimination?
A) Judy only hires military veterans because she believes it is her patriotic duty to do so.
B) Due to the consequences of his behavior as a teenager, Marcel now ha

Cuba   406   7 Replies

Braeden Gausden

If your lawn and shrubs were killed by the fumes from a nearby factory and you hired a lawyer to sue

If your lawn and shrubs were killed by the fumes from a nearby factory and you hired a lawyer to sue

If your lawn and shrubs were killed by the fumes from a nearby factory and you hired a lawyer to sue the polluting firm, your legal fees would be considered
A) external costs.
B) transactions costs.
C) the social costs of pollution.

Cuba   406   3 Replies

IloveChi

Suppose Embryonica is an LDC with few skilled workers, a primitive banking system, and very little ...

Suppose Embryonica is an LDC with few skilled workers, a primitive banking system, and very little ...

Suppose Embryonica is an LDC with few skilled workers, a primitive banking system, and very little electric power. What do we know for sure that Embryonica is lacking?
 a. Infrastructure.
  b. Political stability.
  c. Agricultural se

jojo13   407   3 Replies

Ambur

To maximize profits, a skateboard business hires labour as long as the:

To maximize profits, a skateboard business hires labour as long as the:

To maximize profits, a skateboard business hires labour as long as the
A) wage rate is greater than the price of a skateboard.
B) wage rate is greater than the marginal product of labour.
C) marginal revenue product of labour is gre

Phydeaux   407   2 Replies

789789hj

A tax of 20 cents per unit of imported garlic is an example of a(n)

A tax of 20 cents per unit of imported garlic is an example of a(n)

A tax of 20 cents per unit of imported garlic is an example of a(n)
A) specific tariff.
B) ad valorem tariff.
C) nominal tariff.
D) effective protection tariff.
E) a disadvantageous tariff.

Chako   407   3 Replies

machukian

Purchasing power parity may not hold in practice due to all of the following except

Purchasing power parity may not hold in practice due to all of the following except

Purchasing power parity may not hold in practice due to all of the following except
A) cross-country differences in environmental regulations.
B) trade barriers like tariffs and quotas.
C) the existence of non-traded goods.
D) tra

Ao9   407   3 Replies

Gordis

The line showing potential GDP is a vertical straight line because

The line showing potential GDP is a vertical straight line because

The line showing potential GDP is a vertical straight line because
A) there is only one level of full employment at any point in time.
B) economists are unsure about how to determine potential GDP.
C) it represents the minimum level of

Loraine   407   1 Reply

Sydnie

Which of the following best describes a double coincidence of wants?

Which of the following best describes a double coincidence of wants?

Which of the following best describes a double coincidence of wants?
A) Two buyers want the same good.
B) Neither buyer wants a good.
C) You have what another wants and you want what they have.
D) A buyer and a seller rather than

Loraine   407   2 Replies

Smoooth

The presence of an incentive system that encourages growth

The presence of an incentive system that encourages growth

The presence of an incentive system that encourages growth
A) guarantees that growth will occur.
B) creates the right conditions for growth to occur.
C) cannot exist in poor countries.
D) existed even in hunter-gatherer societies

Loraine   407   2 Replies

Smoooth

In periods when prices are falling, on average

In periods when prices are falling, on average

In periods when prices are falling, on average
A) real GDP will grow slower than nominal GDP.
B) real GDP will grow faster than nominal GDP.
C) real GDP will grow as fast as nominal GDP.
D) one cannot calculate real GDP.

Tidy   407   2 Replies

Chimelo46

People over the age 16 with full-time jobs are considered to be

People over the age 16 with full-time jobs are considered to be

People over the age 16 with full-time jobs are considered to be
A) unemployed.
B) not in the labor force.
C) in the labor force and employed.
D) in the labor force unemployed.
E) in the working-age population only because the

Loraine   407   3 Replies

Camryn Pi1

Two competing firms in a duopoly must decide whether or not to offer consumers a coupon for their go

Two competing firms in a duopoly must decide whether or not to offer consumers a coupon for their go

Two competing firms in a duopoly must decide whether or not to offer consumers a coupon for their good. The payoff matrix above represents the daily profit available to the firms under the different coupon strategies.
a.    What strategies and pay

Loraine   407   2 Replies

Mishal adem

If a seller can sell 5 units at $8 each but can sell 6 units only by lowering the price to $7 (and m

If a seller can sell 5 units at $8 each but can sell 6 units only by lowering the price to $7 (and m

If a seller can sell 5 units at $8 each but can sell 6 units only by lowering the price to $7 (and must sell all units at the same price), the marginal revenue from selling the 6th unit is
A) $42.
B) $7.50.
C) $7.
D) $2.
E) n

Sublight2097   407   2 Replies

Sublight2097

All of the following are examples of spending on goods and services in the circular flow model excep

All of the following are examples of spending on goods and services in the circular flow model excep

All of the following are examples of spending on goods and services in the circular flow model except
A) Giovani buys a new cell phone to replace the one he flushed down the toilet.
B) Amir buys a new humidor for his cigar shop.
C) Isa

Tidy   407   1 Reply

Sydnie

The term "market" refers only to trading arrangements that have been approved by the government. (True or false?)

The term "market" refers only to trading arrangements that have been approved by the government. (True or false?)

The term "market" refers only to trading arrangements that have been approved by the government.
True or false?

Tidy   407   2 Replies

Chimelo46

Free riding is primarily a characteristic of which type of good?

Free riding is primarily a characteristic of which type of good?

Free riding is primarily a characteristic of which type of good?
A) a pure private good
B) a pure public good
C) a club good
D) a common pool resource

Cuba   407   3 Replies

IloveChi

What are economies of scale?

What are economies of scale?

What are economies of scale?
 a. decreasing average costs as production increases
  b. increasing average costs as production increases
  c. increasing fixed costs as production increases
 d. none of the above

QUESTION

pid   408   2 Replies

pid

Economic thinking can be helpful in answering which question about regulation?

Economic thinking can be helpful in answering which question about regulation?

Economic thinking can be helpful in answering which question about regulation?
A) Which party leader is the most popular?
B) Will the government be defeated?
C) Would George Stroumboulopoulos make a good prime minister?
D) Which p

Tragamin   408   1 Reply

Aryan

With the followings is NOT one of the reasons why quantitative easing in and of itself will not nece

With the followings is NOT one of the reasons why quantitative easing in and of itself will not nece

With the followings is NOT one of the reasons why quantitative easing in and of itself will not necessarily be stimulative?
A) The asset purchase program involves only the purchase of long-term government securities.
B) Most of the resultin

valputin   408   3 Replies

Meela

When prices are measured in terms of fixed (base-year) prices they are called ________ prices.

When prices are measured in terms of fixed (base-year) prices they are called ________ prices.

When prices are measured in terms of fixed (base-year) prices they are called ________ prices.
A) inflated
B) aggregate
C) real
D) nominal

valputin   408   4 Replies

Peter Pucher

The Second National Bank of Townville has $400,000 in checking deposits, $125,000 in savings deposit

The Second National Bank of Townville has $400,000 in checking deposits, $125,000 in savings deposit

The Second National Bank of Townville has $400,000 in checking deposits, $125,000 in savings deposits, $500,000 in loans, $20,000 in its reserve account at the Fed, and $5,000 of currency in its vault. What is the amount of its reserves?

Loraine   408   1 Reply

Sydnie

When the Fed buys securities from the public, banks' reserves ________ and the quantity of money ___

When the Fed buys securities from the public, banks' reserves ________ and the quantity of money ___

When the Fed buys securities from the public, banks' reserves ________ and the quantity of money ________.
A) increase; increases
B) increase; decreases
C) decrease; increases
D) decrease; decreases
E) do not change; inc

Loraine   408   1 Reply

Sydnie

If you shop for a car online and compare car prices across dealerships, money is functioning as a

If you shop for a car online and compare car prices across dealerships, money is functioning as a

If you shop for a car online and compare car prices across dealerships, money is functioning as a
A) medium of exchange.
B) unit of account.
C) means of payment.
D) store of value.
E) barter mechanism.

Loraine   408   2 Replies

Smoooth

During the 2008-09 recession, the U-6 measure of the unemployment rate

During the 2008-09 recession, the U-6 measure of the unemployment rate

During the 2008-09 recession, the U-6 measure of the unemployment rate
A) which counts marginally attached workers and discouraged workers as unemployed, reached 17 percent.
B) which counts marginally attached workers and discouraged worker

Loraine   408   2 Replies

Chimelo46

In fall 2009, the population of the United States was 301 million, the working-age population was 23

In fall 2009, the population of the United States was 301 million, the working-age population was 23

In fall 2009, the population of the United States was 301 million, the working-age population was 235.7 million, the total number of people employed and unemployed was 154.9 million, and the total number of unemployed people was 14.7 million. What is

Loraine   408   2 Replies

Chimelo46

To eliminate losses in a perfectly competitive market, firms exit the industry. This exit results in

To eliminate losses in a perfectly competitive market, firms exit the industry. This exit results in

To eliminate losses in a perfectly competitive market, firms exit the industry. This exit results in
A) an increase in market supply.
B) a decrease in market supply.
C) an increase in market demand.
D) a decrease in market demand.

Loraine   408   2 Replies

Smoooth

Suppose Acme County Bank and Trust has $1 million in total deposits and the required reserve ratio i

Suppose Acme County Bank and Trust has $1 million in total deposits and the required reserve ratio i

Suppose Acme County Bank and Trust has $1 million in total deposits and the required reserve ratio is 8%. How many dollars must the bank keep in its vaults or on deposit at a Federal Reserve Bank?
A) 0
B) $80,000
C) $920,000
D) $1

Sublight2097   408   2 Replies

Sublight2097