71) In the above figure, a movement from point A to point B represents A) an increase in the demand for money that might be the result of an increase in real GDP. B) a decrease in the demand for money that might be the result of a fall in the price level. C) a decrease in the quantity of money demanded. D) […]
Table 12-2 Apples (pounds) Market Price per Pound Total Revenue (TR) Average Revenue (AR) Marginal Revenue (MR) 0 $3 $0 —– —– 100 150 200 250 300 350 400 Table 12-2 lists the […]
41) When two competitors try to make themselves identical, they are A) appealing to rational ignorance. B) trying to appeal to a maximum number of customers. C) carrying out the principle of minimum differentiation. D) Both answers B and C are correct. E) Both answers A and B are correct. 42) Suppose Burger King builds a new store across the street from a McDonald’s. […]
41) BTC, a large company with offices across the country, began an employee discussion forum on its website to allow employees to develop a sense of identity and solidarity. There were no restrictions on employee postings, to allow employees to interact freely. However, a few months later, a few employees began criticizing the company on the forum and undermining morale. BTC does not […]
51) Sony’s Blu-ray DVD format has gained widespread acceptance. Sony, Sharp, Panasonic, and other Japanese manufacturers are all experiencing ________ sales of traditional electronics products. A) increasing B) declining C) improving D) horizontal E) vertical 52) As a company’s initial international business involvement becomes too much for a single manager or export department to handle, the next step is typically to establish a(n): A) […]
21) When the price rises and the supply curve does not shift, the firms’ producer surplus ________. When the price falls and the supply curve does not shift, the firms’ producer surplus ________. A) increases; decreases B) decreases; increases C) decreases; decreases D) increases; increases E) does not change; does not change 22) The producer surplus of making and selling 10 chairs is […]
47) Which of the following is common to both tariffs and quotas? A) Tariffs and quotas are both used as a means to increase government revenue. B) Tariffs and quotas both increase economic efficiency. C) Tariffs and quotas are both designed to reduce foreign competition faced by domestic firms. D) Tariffs and quotas are both examples of voluntary export restraints. 48) Trade […]
21) Refer to Figure 15.1. If the condition of the economy at Point H is realized by policy makers when the economy is at Point I, policy is likely to be inappropriate due to A) crowding out. B) the implementation lag. C) the recognition lag. D) the response lag. 22) In general, fiscal policy has a ________ implementation lag than monetary policy and […]
11) A decrease in short-run real GDP that leaves potential GDP unaffected would be most likely caused by a (an) A) decrease in factor-utilization rates. B) decrease in interest rates. C) decrease in unemployment rates. D) increase in factor productivity. E) None of the above are likely to cause a reduction in real GDP. 12) An increase in potential GDP would most likely be […]
5.3 The Use and Limitations of Real GDP 1) GDP is A) a perfect measure of the standard of living. B) a perfect measure of the value of production. C) a measure which includes the value of all newly produced goods and services. D) an imperfect measure of the standard of living. E) the only factor that affects our standard of living. […]
Write code for the application that allows users to calculate the expected cost of a trip as follows: User can enter anticipated miles User can enter anticipated cost of gas per gallon The application should: Provide interface options to allow the user to calculate anticipated cost and exit the application Calculate and display the approximate cost, including oil change Create a Drop box List for the application's applet to include: Beginning locations (at least six) Destination locations (at least six) Vehicle size (compact, mid, luxury, SUV) Gas type (leaded, unleaded, super unleaded, diesel) Also create the following: A field for approximate miles A field for cost of gas per gallon A Submit button A Clear button Now that you have created most of the code as well as the front end features and buttons, create a calculator function to enable users to calculate their own costs if they choose. Be sure to follow the same format that you have been using for the previous assignments. This week you create the final piece of your Java Project. Follow the steps below to finish your project: Create an interface with the motif look and feel that allows the user to enter and record trips taken and store them in a data file on a floppy disk. Fields should include: Trip date Start destination Ending destination Mileage Cost
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