External link to Question : 54) Specialization and trade make a country better off because : 1240773

Question : 54) Specialization and trade make a country better off because : 1240773

  54) Specialization and trade make a country better off because with trade, the country can consume at a point A) outside its production possibilities frontier. B) inside its production possibilities frontier. C) on its production possibilities frontier. D) on its trading partner’s production possibilities frontier. E) inside its trading partner’s production possibilities frontier. 55) By specializing and trading, a country is able to A) […]

External link to Question : 65) If the costs of producing pizza increase, which will : 1240807

Question : 65) If the costs of producing pizza increase, which will : 1240807

  65) If the costs of producing pizza increase, which will occur? A) The supply of pizza will decrease. B) The quantity of pizzas supplied will increase as sellers try to cover their costs. C) Pizza will cease to be produced and sold. D) The demand curve for pizza will shift leftward when the price of a pizza increases. E) The demand curve for pizza […]

External link to Question : Table 7-2 Quantity of Soup (cups) Total Utility Quantity of Sandwiches : 1245220

Question : Table 7-2 Quantity of Soup (cups) Total Utility Quantity of Sandwiches : 1245220

    Table 7-2 Quantity of Soup (cups) Total Utility Quantity of Sandwiches Total Utility 1 40 1   45 2 60 2   75 3 72 3 102 4 82 4 120 5 88 5 135 6 90 6 145   Table 7-2 above shows Keira’s utility from soup and sandwiches. The price of soup is $2 per cup and the price of a […]

External link to Question : 21.In economic theory, total utility refers to: A. The additional utility from : 1233066

Question : 21.In economic theory, total utility refers to: A. The additional utility from : 1233066

  21.In economic theory, total utility refers to:    A. The additional utility from consuming the last unit of a good. B. The amount of utility obtained from the entire consumption of a good. C. The change in utility from the last unit sold. D. How useful a good is to the consumer. 22.The amount of utility obtained from the entire consumption of a good is known as:    A. Marginal utility. […]

External link to Question : 12.4   Chapter Figures The figures show two auto insurance markets, one : 1241110

Question : 12.4   Chapter Figures The figures show two auto insurance markets, one : 1241110

  12.4   Chapter Figures   The figures show two auto insurance markets, one market for safe drivers and one market for aggressive drivers.   1) The market for aggressive drivers is illustrated in ________, and the market for safe drivers is illustrated in ________. A) Figure A; Figure A also B) Figure B; Figure A C) Figure A; Figure B D) Figure B; Figure B […]

External link to Question : Multiple Choice Questions 1.The recognition of a deferred tax liability that : 1241692

Question : Multiple Choice Questions 1.The recognition of a deferred tax liability that : 1241692

    Multiple Choice Questions   1.The recognition of a deferred tax liability that results from the use of straight-line depreciation on financial statements and double-declining balance on tax returns will a.increase the current ratio. b.increase the debt/equity ratio. c. increase the quick ratio. d. decrease the debt/asset ratio.       2.Net worth is a.assets plus liabilities. b.total income since the company began operations. […]

External link to Question : 7.1   Utility and Consumer Decision Making 1) Economists assume that the : 1245180

Question : 7.1   Utility and Consumer Decision Making 1) Economists assume that the : 1245180

    7.1   Utility and Consumer Decision Making   1) Economists assume that the goal of consumers is to A) do as little work as possible to survive. B) make themselves as well off as possible. C) expend all their income. D) consume as much as possible.   2) Utility is A) easily measured in units called utils. B) subjective and difficult to measure. C) […]

External link to Question : 21) The above figure shows the production possibility frontier for : 1226369

Question : 21) The above figure shows the production possibility frontier for : 1226369

21) The above figure shows the production possibility frontier for a country. What is the opportunity cost per ton of rice to move from point B to point D? A) 1000 bottles of wine B) 500 bottles of wine C) 2 bottles of wine D) 1/2 of a bottle of wine E) None of the above answers is correct.   22) The above figure shows […]

External link to Question : 21.Whichofthefollowingitemsistheonetypeofhouseholdexpenditurethatiscategorizedasinvestmentratherthanconsumption? a.spendingoneducation b.thepurchaseofstocksandbonds c.thepur : 1261640

Question : 21.Whichofthefollowingitemsistheonetypeofhouseholdexpenditurethatiscategorizedasinvestmentratherthanconsumption? a.spendingoneducation b.thepurchaseofstocksandbonds c.thepur : 1261640

  21.Whichofthefollowingitemsistheonetypeofhouseholdexpenditurethatiscategorizedasinvestmentratherthanconsumption? a.spendingoneducation b.thepurchaseofstocksandbonds c.thepurchaseofanewhouse d.thepurchaseofdurablegoodssuchasstovesandwashingmachines 22.WhichofthefollowingisincludedintheinvestmentcomponentofGDP? a.spendingtobuildnewhouses b.spendingtobuildnewfactories c.spendingonbusinessequipmentsuchasweldingequipment d.AlloftheaboveareincludedintheinvestmentcomponentofGDP. 23.WhichofthefollowingisincludedintheinvestmentcomponentofGDP? a.spendingonnewresidentialconstructionandspendingonstocksandbonds b.spendingonnewresidentialconstructionbutnotspendingonstocksandbonds c.spendingonstocksandbondsbutnotspendingonnewresidentialconstruction d.neitherspendingonstocksandbondsnorspendingonnewresidentialconstruction 24.WhichofthefollowingisincludedintheinvestmentcomponentofGDP? a.spendingonnewbusinessequipmentsuchaspowertoolsandspendingonstocksandbonds b.spendingonnewbusinessequipmentsuchaspowertoolsbutnotspendingonstocksandbonds c.spendingonstocksandbondsbutnotspendingonnewbusinessequipmentsuchaspowertools d.neitherspendingonnewbusinessequipmentsuchaspowertoolsnorspendingonstocksandbonds 25.WhichofthefollowingisincludedintheinvestmentcomponentofGDP? a.Elainepayshercollegetuitionbill. b.John’slawfirmbuyshimanewcomputer. c.LaurabuysabondthatMcDonald’ssellstoraisefunds. d.Alloftheabovearecorrect. 26.WhichofthefollowingisnotincludedintheinvestmentcomponentofGDP? a.Thepurchaseof100sharesofstock. b.Thepurchaseofa$1000bond. c.Afirm’spurchaseofausedvantousefordeliveries. d.NoneoftheaboveareincludedintheinvestmentcomponentofGDP. 27.TheCarters’oldestsonattendsBigStateUniversity.Heandhisparentspayallhisfeesandtuition.ThesepaymentscountinGDPas a.investment. b.governmentspending. c.consumptionofservices. d.consumptionofdurablegoods. 28.ConsidertwoitemsthatmightbeincludedinGDP:(1)theestimatedrentalvalueofowner-occupiedhousingand(2)purchasesofnewly-constructedhomes.HowarethesetwoitemsaccountedforwhenGDPiscalculated? a.Bothitem(1)anditem(2)areincludedintheconsumptioncomponentofGDP. b.Item(1)isincludedintheconsumptioncomponentofGDP,whileitem(2)isincludedintheinvestmentcomponentofGDP. c.Item(1)isincludedintheinvestmentcomponentofGDP,whileitem(2)isincludedintheconsumptioncomponentofGDP. d.Onlyitem(2)isincludedinGDP,anditisincludedintheinvestmentcomponent. 29.AU.S.publisherpurchasesnewcomputersthatweremanufacturedintheU.S.Thispurchasebyitselfmakes a.apositivecontributionbothtoinvestmentandtoGDP. b.apositivecontributionbothtoconsumptionandtoGDP. c.apositivecontributiontoGDP,butitdoesnotaffectinvestmentorconsumption. d.apositivecontributiontoinvestment,butitdoesnotaffectGDP. 30.AMinnesotafarmerbuysanewtractormadeinIowabyaGermancompany.Asaresult, a.U.S.investmentandGDPincrease,butGermanGDPisunaffected. b.U.S.investmentandGermanGDPincrease,butU.S.GDPisunaffected. c.U.S.investment,U.S.GDP,andGermanGDPareunaffectedbecausetractorsareintermediategoods. d.U.S.investment,U.S.GDP,andGermanGDPallincrease.    

External link to Question : 101.If you deposit $10,000 today in an account that pays : 1325662

Question : 101.If you deposit $10,000 today in an account that pays : 1325662

  101.If you deposit $10,000 today in an account that pays 5% interest compounded annually for five years, how much interest will you earn? a.$2,500.00 b.$2,762.82 c.$3,400.96 d.$12,762.82 102.Mendelson Implements records the following cash flows at the end of each year for a project. If the firm’s discount rate is 11%, what is the value of the project at the end of the last year? […]

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