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External link to Question : 31) Domestic producers require time to gain experience and lower : 1244938
Economics

Question : 31) Domestic producers require time to gain experience and lower : 1244938

    31) Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets. This statement describes the ________ argument for protectionism. A) diseconomies of scale B) protecting national security C) anti-dumping D) infant industry   32) Which of the following describes the national security argument for protectionism? A) Nearly all industries can […]

External link to Question : 51) The ________ curve has a positive slope because as : 1244779
Economics

Question : 51) The ________ curve has a positive slope because as : 1244779

    51) The ________ curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly. A) short-run aggregate supply B) long-run aggregate supply C) short-run aggregate demand D) long-run aggregate demand   52) Which of the following is not a reason why the wages of workers and the prices of inputs rise more slowly than […]

External link to Question : 51) The United States one of the richest nations in : 1226380
Economics

Question : 51) The United States one of the richest nations in : 1226380

  51) The United States is one of the richest nations in the world, A) so it does not need to trade with poor nations in order to achieve any gains from trade. B) so it might not have a comparative advantage in producing any goods. C) but it can still benefit from specialization and trade. D) so it must have a comparative advantage in […]

External link to Question : 81) Suppose there only one movie theatre in a town : 1384337
Economics

Question : 81) Suppose there only one movie theatre in a town : 1384337

  81) Suppose there is only one movie theatre in a town and the equilibrium price and quantity for movie admissions is $7 and 940 visits per week. Now suppose the government imposes a tax of $3 per movie admission, and the new equilibrium price and quantity are $8.75 and 750 visits per week. What is the direct burden of this tax? A) $937.50 B) […]

External link to Question : 41) If a firm produces a good and its consumption : 1384309
Economics

Question : 41) If a firm produces a good and its consumption : 1384309

  41) If a firm produces a good and its consumption generates external benefits, then at the competitive market equilibrium A) the government could subsidize the production of this good to improve efficiency. B) the marginal private benefit is greater than the marginal cost of producing the last unit. C) the output would be more than the socially optimal amount. D) the firm will not […]

External link to Question : 231.RefertoFigure2-13.WhichofthefollowingstatementsistrueaboutpointGforthiseconomy? a.PointGiscurrentlyunattainable. b.PointGisefficient. c.AtpointG,morecakesareproducedthan : 1261912
Economics

Question : 231.RefertoFigure2-13.WhichofthefollowingstatementsistrueaboutpointGforthiseconomy? a.PointGiscurrentlyunattainable. b.PointGisefficient. c.AtpointG,morecakesareproducedthan : 1261912

  231.RefertoFigure2-13.WhichofthefollowingstatementsistrueaboutpointGforthiseconomy? a.PointGiscurrentlyunattainable. b.PointGisefficient. c.AtpointG,morecakesareproducedthancookies. d.ThereisunemploymentatpointG. 232.RefertoFigure2-13.Whichpointsarenotcurrentlyattainablebutcouldbecomeachievableforthiseconomyifthereisanimprovementintechnology? a.I,L b.G,H c.J,K d.F,G 233.RefertoFigure2-13.OnedifferencebetweenpointsFandGisthat a.PointGisunattainablewithcurrentresources,butpointFisattainable. b.AllresourcesarefullyemployedatpointFbutthereisunemploymentatpointG. c.MoreoutputcanbeproducedatpointFbutnoadditionaloutputcanbeproducedatpointG. d.ThiseconomyproducesmorecookiesatpointGthanatpointF. Table2-5   Corn(inbushels) Wheat(inbushels) 2000 0 1600 700 1200 1300 800 1800 400 2200 0 2500   234.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Whatistheopportunitycostofincreasingtheproductionofcornfrom400bushelsto800bushels? a.200bushelsofwheat b.400bushelsofwheat c.600bushelsofwheat d.800bushelsofwheat 235.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Whatistheopportunitycostofanincreaseintheproductionofwheatfrom700bushelsto1300bushels? a.800bushelsofcorn b.600bushelsofcorn c.400bushelsofcorn d.400bushelsofwheat 236.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Whichofthefollowingstatementsiscorrect? a.Theopportunitycostofabushelofcorndoesnotdependonhowmanybushelsofwheatarebeingproduced. b.Theopportunitycostofabushelofcornincreasesasmorecornisproduced. c.Theopportunitycostofabushelofcorndecreasesasmorecornisproduced. d.Theopportunitycostofabushelofwheatdecreasesasmorewheatisproduced. 237.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Basedonthevaluesinthetable,theproductionpossibilitiesfrontieris a.bowedoutwardindicatingincreasingopportunitycosts. b.bowedoutwardindicatingdecreasingopportunitycosts. c.astraightlineindicatingconstantopportunitycosts. d.bowedinwardindicatingincreasingopportunitycosts. 238.RefertoTable2-5.Table2-5showsonesetofproductionpossibilities.Whichofthefollowingcombinationsofcornandwheatisnotcurrentlyattainablebutwouldbeattainableiftherewasanimprovementinoverallproductiontechnology? a.1600bushelsofcornand300bushelsofwheat b.1400bushelsofcornand800bushelsofwheat c.1000bushelsofcornand2000bushelsofwheat d.600bushelsofcornand1800bushelsofwheat 239.Homeisacountrythatproducestwogoods,pearsandcellularphones.Lastyear,Homeproduced450bushelsofpearsand1050cellularphones.Thisyearitproduced450bushelsofpearsand2000cellularphones.Givennootherinformation,whichofthefollowingeventscouldexplainthischange? a.Homeexperiencedincreasedunemployment. b.Homeexperiencedadeclineinpear-producingtechnology. c.Homeexperiencedanimprovementincellularphone-makingtechnology. d.Homeexperiencedareductioninresources. 240.Indiadeshisacountrythatproducestwogoods,textilesandcomputers.Lastyear,Indiadeshproduced50,000textilesand1300computers.Thisyearitproduced45,000textilesand1100computers.Givennofurtherinformation,whichofthefollowingeventscouldexplainthischange? a.Indiadeshdecreasedunemployment. […]

External link to Question : 129.Dillon has a standard of 1.5 pounds of materials per : 1311906
Economics

Question : 129.Dillon has a standard of 1.5 pounds of materials per : 1311906

    129.Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $18,135. Dillon’s materials price variance is a.$135 U. b.$465 F. c.$600 F. d.$1,050 F.     130.Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing […]

External link to Question : 11.Supposeaneconomistdevelopsatheorythathigherfoodpricesarisefromhighergasprices.Accordingtothescientificmethod,whichofthefollowingistheeconomist’snextstep? a.Collectandanalyzedata. : 1261917
Economics

Question : 11.Supposeaneconomistdevelopsatheorythathigherfoodpricesarisefromhighergasprices.Accordingtothescientificmethod,whichofthefollowingistheeconomist’snextstep? a.Collectandanalyzedata. : 1261917

  11.Supposeaneconomistdevelopsatheorythathigherfoodpricesarisefromhighergasprices.Accordingtothescientificmethod,whichofthefollowingistheeconomist’snextstep? a.Collectandanalyzedata. b.Gotoalaboratoryandgeneratedatatotestthetheory. c.Publishthetheorywithouttestingit. d.Consultwithothereconomiststoseetheyagreewiththetheory. 12.Whichofthefollowingstatementsappliestoeconomics,aswellastoothersciencessuchasphysics? a.Experimentsareconsideredvalidonlywhentheyareconductedinalaboratory. b.Goodtheoriesdonotneedtobetested. c.Real-worldobservationsoftenleadtotheories. d.Economics,aswellasothersciences,isconcernedprimarilywithabstractconcepts. 13.Withrespecttohoweconomistsstudytheeconomy,whichofthefollowingstatementsismostaccurate? a.Economistsstudythepast,buttheydonottrytopredictthefuture. b.Economistsuse“rulesofthumb”topredictthefuture. c.Economistsdevisetheories,collectdata,andanalyzethedatatotestthetheories. d.Economistsusecontrolledexperimentsinmuchthesamewaythatbiologistsandphysicistsdo. 14.Economistsfaceanobstaclethatmanyotherscientistsdonotface.Whatisthatobstacle? a.Itisoftendifficulttoformulatetheoriesineconomics. b.Itisoftenimpracticaltoperformexperimentsineconomics. c.Economicscannotbeaddressedobjectively;itmustbeaddressedsubjectively. d.Thescientificmethodcannotbeappliedtothestudyofeconomics. 15.Inconductingtheirresearch,economistsfaceanobstaclethatnotallscientistsface;specifically,ineconomics,itisoftenimpracticalto a.makeuseoftheoryandobservation. b.relyuponthescientificmethod. c.conductlaboratoryexperiments. d.findarticlesorbooksthatwerewrittenbefore1900. 16.Theuseoftheoryandobservationismoredifficultineconomicsthaninsciencessuchasphysicsduetothedifficultyin a.performinganexperimentinaneconomicsystem. b.applyingmathematicalmethodstoeconomicanalysis. c.analyzingavailabledata. d.formulatingtheoriesabouteconomicevents. 17.Whichofthefollowingstatementsis(are)correct? a.Relativetosomeotherscientists,economistsfinditmoredifficulttoconductexperiments. b.Theoryandobservationareimportantineconomicsaswellasinothersciences. c.Toobtaindata,economistsoftenrelyuponthenaturalexperimentsofferedbyhistory. d.Alloftheabovearecorrect. 18.Becauseitisdifficultforeconomiststouseexperimentstogeneratedata,theygenerallymust a.dowithoutdata. b.substituteassumptionsfordatawhendataareunavailable. c.relyuponhypotheticaldatathatwerepreviouslyconcoctedbyothereconomists. d.usewhateverdatatheworldgivesthem. 19.Whichofthefollowingstatementsiscorrect? a.Economistsalmostalwaysfinditeasytoconductexperimentsinordertotesttheirtheories. b.Economicsisnotatruesciencebecauseeconomistsarenotusuallyallowedtoconductexperimentstotesttheirtheories. c.Economicsisasocialscienceratherthanatruesciencebecauseitcannotemploythescientificmethod. d.Economistsareusuallynotabletoconductexperiments,sotheymustrelyonnaturalexperimentsofferedbyhistory. 20.Insteadofconductinglaboratoryexperimentstogeneratedatatotesttheirtheories,economistsoften a.askwinnersoftheNobelPrizeinEconomicstoevaluatetheirtheories. b.arguethatdataisimpossibletocollectineconomics. c.gatherdatafromhistoricalepisodesofeconomicchange. d.assumethatdatawouldsupporttheirtheories.    

External link to Question : 57) Once you find the opportunity cost of producing one : 1241424
Economics

Question : 57) Once you find the opportunity cost of producing one : 1241424

  57) Once you find the opportunity cost of producing one unit of a good, to find the opportunity cost of producing the other good, you must A) take the inverse. B) multiply by the total amount produced of the second good. C) divide by the total amount produced of the second good. D) do nothing because the opportunity cost for the first good is […]

External link to Question : 11) Refer to Figure 19-10. Europe suffers a recession. Assuming : 1244943
Economics

Question : 11) Refer to Figure 19-10. Europe suffers a recession. Assuming : 1244943

  11) Refer to Figure 19-10. Europe suffers a recession. Assuming all else remains constant, this would be represented as a movement from ________. A) D to A B) C to D C) B to C D) A to D E) A to B   12) Refer to Figure 19-10. Currency speculators believe that the value of the euro will increase relative to the dollar. […]

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July 1, 2023
    

 

10.4   Integrative Questions

 

1) A noisy party that keeps neighbors awake is an example of a

A) negative production externality.

B) positive production externality.

C) negative consumption externality.

D) positive consumption externality.

E) Both answers B and C are correct.

 

2) An externality can be a cost or benefit arising from the production of a good that falls upon

A) consumers but not producers.

B) producers but not consumers.

C) both the consumer and the producer.

D) someone other than the consumer or producer.

E) no one, so it goes unpaid.

 

3) Externalities

A) are important in the areas of environment and education.

B) only have a negative impact on people.

C) deal with issues that are not our internal issues.

D) affect the people who are responsible for production.

E) are nonexistent in unregulated, competitive markets.

4) In a market with an external cost, government action

A) cannot decrease the amount of the deadweight loss from the external cost.

B) can sometimes help to achieve an efficient outcome.

C) cannot alter firms' cost curves.

D) Both answers A and C are correct.

E) Both answers B and C are correct.

 

5) A competitive, unregulated market would

A) produce too much pollution because pollution is an external cost.

B) produce too little education because education has an external benefit.

C) fail to achieve equilibrium if there are externalities present.

D) Both answers A and B are correct.

E) Both answers B and C are correct.

 

6) When property rights are assigned and transactions costs are low,

A) all costs and benefits are taken into account by the transacting parties so the transaction is efficient.

B) externalities will result in market failure.

C) the marginal social benefit curve shifts leftward and the marginal social cost curve does not shift.

D) the marginal social cost curve shifts rightward and the marginal social benefit curve does not shift.

E) the marginal social cost curve shifts rightward and the marginal social benefit curve also shifts rightward.

7) Which of the following is true?

i.In an unregulated market with an external benefit, consumers don't take it into account and consume less than the efficient quantity.

ii.Marginal social cost equals marginal private cost minus marginal external cost.

iii.An unregulated market produces more than the efficient quantity of a good with an external cost.

A) only i

B) only ii

C) only iii

D) i and ii

E) i and iii

 

8) When people decide whether or not to get a flu vaccination, they ignore the ________ and as a result ________.

A) marginal private benefit; too few vaccinations are given

B) external benefit; too few vaccinations are given

C) private cost; too many vaccinations are given

D) marginal external cost; vouchers must be provided

E) social cost; too many vaccinations are given

 

9) A carbon tax would ________ the cost of producing goods and services that create large carbon emissions, and would lead Americans to use ________ carbon-intensive goods and services, which could ________ climate change.

A) raise; more; slow

B) raise; fewer; speed up

C) lower; fewer; slow

D) raise; fewer; slow

E) raise; more; speed up

10) When there is a marginal external ________ producers take account only of marginal private cost and produce ________ than the efficient quantity.

A) cost; more

B) cost; less

C) benefit; more

D) benefit; less

E) increase; more

 

11) The Coase theorem says that if property rights exist and the costs of enforcing them are ________, then the market outcome is ________ and it doesn't matter who has the property rights.

A) low; inefficient

B) high; inefficient

C) low; efficient

D) high; efficient

E) stable; efficient

 

 

 

 

 

default image
July 1, 2023
    

 

10.4   Integrative Questions

 

1) A noisy party that keeps neighbors awake is an example of a

A) negative production externality.

B) positive production externality.

C) negative consumption externality.

D) positive consumption externality.

E) Both answers B and C are correct.

 

2) An externality can be a cost or benefit arising from the production of a good that falls upon

A) consumers but not producers.

B) producers but not consumers.

C) both the consumer and the producer.

D) someone other than the consumer or producer.

E) no one, so it goes unpaid.

 

3) Externalities

A) are important in the areas of environment and education.

B) only have a negative impact on people.

C) deal with issues that are not our internal issues.

D) affect the people who are responsible for production.

E) are nonexistent in unregulated, competitive markets.

4) In a market with an external cost, government action

A) cannot decrease the amount of the deadweight loss from the external cost.

B) can sometimes help to achieve an efficient outcome.

C) cannot alter firms' cost curves.

D) Both answers A and C are correct.

E) Both answers B and C are correct.

 

5) A competitive, unregulated market would

A) produce too much pollution because pollution is an external cost.

B) produce too little education because education has an external benefit.

C) fail to achieve equilibrium if there are externalities present.

D) Both answers A and B are correct.

E) Both answers B and C are correct.

 

6) When property rights are assigned and transactions costs are low,

A) all costs and benefits are taken into account by the transacting parties so the transaction is efficient.

B) externalities will result in market failure.

C) the marginal social benefit curve shifts leftward and the marginal social cost curve does not shift.

D) the marginal social cost curve shifts rightward and the marginal social benefit curve does not shift.

E) the marginal social cost curve shifts rightward and the marginal social benefit curve also shifts rightward.

7) Which of the following is true?

i.In an unregulated market with an external benefit, consumers don't take it into account and consume less than the efficient quantity.

ii.Marginal social cost equals marginal private cost minus marginal external cost.

iii.An unregulated market produces more than the efficient quantity of a good with an external cost.

A) only i

B) only ii

C) only iii

D) i and ii

E) i and iii

 

8) When people decide whether or not to get a flu vaccination, they ignore the ________ and as a result ________.

A) marginal private benefit; too few vaccinations are given

B) external benefit; too few vaccinations are given

C) private cost; too many vaccinations are given

D) marginal external cost; vouchers must be provided

E) social cost; too many vaccinations are given

 

9) A carbon tax would ________ the cost of producing goods and services that create large carbon emissions, and would lead Americans to use ________ carbon-intensive goods and services, which could ________ climate change.

A) raise; more; slow

B) raise; fewer; speed up

C) lower; fewer; slow

D) raise; fewer; slow

E) raise; more; speed up

10) When there is a marginal external ________ producers take account only of marginal private cost and produce ________ than the efficient quantity.

A) cost; more

B) cost; less

C) benefit; more

D) benefit; less

E) increase; more

 

11) The Coase theorem says that if property rights exist and the costs of enforcing them are ________, then the market outcome is ________ and it doesn't matter who has the property rights.

A) low; inefficient

B) high; inefficient

C) low; efficient

D) high; efficient

E) stable; efficient

 

 

 

 

 

default image
July 1, 2023
    

 

10.4   Integrative Questions

 

1) A noisy party that keeps neighbors awake is an example of a

A) negative production externality.

B) positive production externality.

C) negative consumption externality.

D) positive consumption externality.

E) Both answers B and C are correct.

 

2) An externality can be a cost or benefit arising from the production of a good that falls upon

A) consumers but not producers.

B) producers but not consumers.

C) both the consumer and the producer.

D) someone other than the consumer or producer.

E) no one, so it goes unpaid.

 

3) Externalities

A) are important in the areas of environment and education.

B) only have a negative impact on people.

C) deal with issues that are not our internal issues.

D) affect the people who are responsible for production.

E) are nonexistent in unregulated, competitive markets.

4) In a market with an external cost, government action

A) cannot decrease the amount of the deadweight loss from the external cost.

B) can sometimes help to achieve an efficient outcome.

C) cannot alter firms' cost curves.

D) Both answers A and C are correct.

E) Both answers B and C are correct.

 

5) A competitive, unregulated market would

A) produce too much pollution because pollution is an external cost.

B) produce too little education because education has an external benefit.

C) fail to achieve equilibrium if there are externalities present.

D) Both answers A and B are correct.

E) Both answers B and C are correct.

 

6) When property rights are assigned and transactions costs are low,

A) all costs and benefits are taken into account by the transacting parties so the transaction is efficient.

B) externalities will result in market failure.

C) the marginal social benefit curve shifts leftward and the marginal social cost curve does not shift.

D) the marginal social cost curve shifts rightward and the marginal social benefit curve does not shift.

E) the marginal social cost curve shifts rightward and the marginal social benefit curve also shifts rightward.

7) Which of the following is true?

i.In an unregulated market with an external benefit, consumers don't take it into account and consume less than the efficient quantity.

ii.Marginal social cost equals marginal private cost minus marginal external cost.

iii.An unregulated market produces more than the efficient quantity of a good with an external cost.

A) only i

B) only ii

C) only iii

D) i and ii

E) i and iii

 

8) When people decide whether or not to get a flu vaccination, they ignore the ________ and as a result ________.

A) marginal private benefit; too few vaccinations are given

B) external benefit; too few vaccinations are given

C) private cost; too many vaccinations are given

D) marginal external cost; vouchers must be provided

E) social cost; too many vaccinations are given

 

9) A carbon tax would ________ the cost of producing goods and services that create large carbon emissions, and would lead Americans to use ________ carbon-intensive goods and services, which could ________ climate change.

A) raise; more; slow

B) raise; fewer; speed up

C) lower; fewer; slow

D) raise; fewer; slow

E) raise; more; speed up

10) When there is a marginal external ________ producers take account only of marginal private cost and produce ________ than the efficient quantity.

A) cost; more

B) cost; less

C) benefit; more

D) benefit; less

E) increase; more

 

11) The Coase theorem says that if property rights exist and the costs of enforcing them are ________, then the market outcome is ________ and it doesn't matter who has the property rights.

A) low; inefficient

B) high; inefficient

C) low; efficient

D) high; efficient

E) stable; efficient

 

 

 

 

 

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customer #17823
Human Resource Management, 2 pages
Research paper
August 5, 2021
    

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customer #12372
Public Relations, 3 pages
Dissertation
August 5, 2021
    

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customer #12376
Journal article, 20 pages
Coursework
August 5, 2021
    

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customer #19266
Political Science, 6 pages
Admission Essay
August 5, 2021
    

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customer #11437
Tourism, 1 page
Discussion Essay
August 5, 2021
    

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customer #12692
Philosophy, 5 pages
Report
August 5, 2021
    

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customer #10923
Psychology, 4 pages
Essay (any type)
August 5, 2021
    

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customer #17823
Business, 8 pages

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

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Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

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Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

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Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

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Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

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