External link to Question : 18.5   Integrative Questions 1) Assume that the state of Missouri decided : 1240684

Question : 18.5   Integrative Questions 1) Assume that the state of Missouri decided : 1240684

  18.5   Integrative Questions   1) Assume that the state of Missouri decided to place a tariff on every product produced outside the state in an effort to increase the state’s revenue and increase employment in the state. If Missouri did so, A) the state’s total output would definitely increase. B) workers with jobs in new firms replacing out-of-state imports would earn high income. C) […]

External link to Question : 11) Which of the following scenarios describes an action that : 1241013

Question : 11) Which of the following scenarios describes an action that : 1241013

  11) Which of the following scenarios describes an action that is not rational from an economic point of view? A) After drinking one martini (shaken, not stirred), James buys and drinks a second martini even though the marginal benefit of the second martini is lower than the marginal benefit of the first. B) Eric buys a replacement ticket to the basketball game after he […]

External link to Question : 21.Which of the following statements true about exports? a.Exports important in : 1318236

Question : 21.Which of the following statements true about exports? a.Exports important in : 1318236

  21.Which of the following statements is true about exports? a.Exports are important in a microeconomic sense, in terms of balancing the trade account. b.Exporting ultimately leads to a firm achieving diseconomies of scale. c.Exporting results in a firm being overly dependent on a particular market. d.Exporting makes a firm sensitive to different demand structures and cultural dimensions. 22.Which of the following is the result […]

External link to Question : 19) Which of the following would shift the supply curve : 1388147

Question : 19) Which of the following would shift the supply curve : 1388147

    19) Which of the following would shift the supply curve for energy drinks to the left? A) a decrease in the expected future price of energy drinks B) an increase in consumer income (assuming that energy drinks are normal goods) C) a decrease in the number of firms that produce energy drinks D) a decrease in the price of an input used to […]

External link to Question : 12.5   “If Everyone Can Do It, You Can’t Make Money : 1387805

Question : 12.5   “If Everyone Can Do It, You Can’t Make Money : 1387805

    12.5   “If Everyone Can Do It, You Can’t Make Money at It”: The Entry and Exit of Firms in the Long Run   1) Which of the following statements is correct? A) Economic profit takes into account all costs involved in producing a product. B) Accounting profit is not relevant in preparing the firm’s financial statement. C) Economic profit always exceeds accounting profit. […]

External link to Question : 31. Which of the following amounts paid by an employer to : 1313603

Question : 31. Which of the following amounts paid by an employer to : 1313603

  31. Which of the following amounts paid by an employer to an employee is not subject to withholding? a. Commissions b. Travel expense reimbursements from an accountable plan c. Salary d. Bonus e. All of the above are subject to withholding 32. Mark the incorrect answer. In completing W-4s, employees may claim extra allowances: a. If they are paying alimony. b. If they have tax credits. c. If they expect to have large amounts […]

External link to Question : 11) The above figures show the market for HD televisions. : 1226423

Question : 11) The above figures show the market for HD televisions. : 1226423

11) The above figures show the market for HD televisions. If cable television providers lower the price of providing HD cable service, which figure shows the effect of this change ? A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change. 12) The above figures show the market for HD televisions. If the price of […]

External link to Question : 61) Which of the following paired concepts equivalent to each : 1384213

Question : 61) Which of the following paired concepts equivalent to each : 1384213

  61) Which of the following paired concepts are equivalent to each other? A) constant costs; economies of scale B) increasing returns; decreasing costs C) increasing returns; increasing costs D) increasing costs; economies of scale E) increasing returns; diseconomies of scale 62) Which of the following paired concepts are equivalent to each other? A) constant costs; economies of scale B) decreasing returns; decreasing costs C) […]

External link to Question : 11) The key idea behind price discrimination to convert consumer : 1241245

Question : 11) The key idea behind price discrimination to convert consumer : 1241245

  11) The key idea behind price discrimination is to convert consumer surplus into A) a barrier to entry. B) economic profit. C) deadweight loss. D) monopoly power. E) total cost.   12) If a firm successfully price discriminates, it increases i.consumer surplus. ii.deadweight loss. iii.economic profit. A) i only B) ii only C) iii only D) i and iii E) i and ii   […]

External link to Question : 41.A pound of coffee _________________ than a pound sugar of : 1379010

Question : 41.A pound of coffee _________________ than a pound sugar of : 1379010

    41.A pound of coffee is _________________ than a pound sugar of because ________________. A. less price elastic; it is a larger portion of one’s income B. more price elastic; it is a larger portion of one’s income C. less price elastic; people will have a longer time to adjust to the change in its price D. more price elastic; people will have a longer time to adjust […]

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