Question : 91.Ceteris paribus means: A. Leave the market alone. B. Noninterference by the government. C. Other things : 1232893

91.Ceteris paribus means:   

A. Leave the market alone.

B. Noninterference by the government.

C. Other things remaining equal.

D. Things are always changing.

92.A HEADLINE article in the text asks parents, “Do you expect your children’s generation to enjoy a higher standard of living than your generation?” What is necessary for the standard of living to rise?   

A. Economic growth.

B. A greater allocation of resources to consumption.

C. An inward shift in the production possibilities curve.

D. A less equitable distribution of income.

93.A HEADLINE article in the text indicates that North Korea is running out of food. If North Korea is on its production possibilities curve and reduces its production of food so that it can increase the size of its military, this is most consistent with:   

A. Market failure.

B. A movement along the production possibilities curve.

C. An inward shift of the production possibilities curve.

D. An expansion beyond the production possibilities curve.

94.A HEADLINE article in the text indicates that North Korea is expanding its missile programs, and at the same time it is running out of food. If North Korea is on its production possibilities curve and reduces food production so that it can increase the size of its military, this is an example of:   

A. Opportunity costs.

B. Laissez faire.

C. Externalities.

D. Ceteris paribus.

95.A HEADLINE article in the text indicates that North Korea is expanding its missile programs. Assume North Korea is currently on its production possibilities curve. If the increase in missile production results in a decrease in food production, this is an example of:   

A. Market failure.

B. An inward shift of the production possibilities curve.

C. Opportunity cost.

D. A reduction in available resources.

96.One HEADLINE article in the text suggests that 30 percent of Americans trust the federal government to do the right thing. If government intervention makes the economy worse off, this is referred to as:   

A. Scarce resources.

B. Central planning.

C. Market failure.

D. Government failure.

97.One HEADLINE article in the text suggests that most Americans do not trust the federal government to do the right thing. If they are correct, then government intervention results in:   

A. A decrease in opportunity costs.

B. A less desirable mix of output.

C. Market failure.

D. Less unemployment.

98.In order to understand a particular graph, it is important to know:   

A. The total number of squares in the grid.

B. Which variable is on the vertical axis and which is on the horizontal axis.

C. Where a point on the graph is.

D. Where the maximum quantity is.

99.The slope of a line is:   

A. The vertical distance between the two points, divided by the horizontal distance between the two points.

B. Always positive.

C. Sometimes referred to as “run over rise.”

D. The horizontal distance between the two points, divided by the vertical distance between the two points.

100.The slope of a curve is given by the formula:   

A. The percentage change in x coordinates between two points divided by the percentage change in y coordinates.

B. The percentage change in y coordinates between two points divided by the percentage change in x coordinates.

C. The change in x coordinates between two points divided by the change in y coordinates.

D. The change in y coordinates between two points divided by the change in x coordinates.