External link to Question : 11.3   The Federal Reserve System 1) A public authority that provides : 1238038

Question : 11.3   The Federal Reserve System 1) A public authority that provides : 1238038

  11.3   The Federal Reserve System 1) A public authority that provides banking services to commercial banks and regulates financial institutions and markets is called a A) commercial bank. B) thrift institution. C) central bank. D) money market fund. E) mint. 2) All of the following are financial institutions that accept deposits and make loans to people and businesses EXCEPT A) commercial banks. B) savings […]

External link to Question : 51) If real GDP decreases, the A) demand for money : 1227886

Question : 51) If real GDP decreases, the A) demand for money : 1227886

    51) If real GDP decreases, the A) demand for money increases. B) demand for money decreases. C) quantity of money demanded increases. D) supply of money decreases. E) supply of money increases. 52) An increase in real GDP affects the demand for money because A) when real GDP increases, more money is needed to make expenditures. B) at the higher price level, it […]

External link to Question : 51) Which of the following goods and services omitted from : 1238433

Question : 51) Which of the following goods and services omitted from : 1238433

  51) Which of the following goods and services are omitted from GDP? A) household production B) capital goods C) expenditure on resources used to protect the environment D) government weather satellites E) services such as hair styling 52) GDP handles household production by A) estimating a dollar value of the goods purchased to do housework. B) estimating a dollar value of the services provided. […]

External link to Question : 15.1   The Short-Run Phillips Curve 1) If the economy at full : 1227968

Question : 15.1   The Short-Run Phillips Curve 1) If the economy at full : 1227968

15.1   The Short-Run Phillips Curve   1) If the economy is at full employment, then the unemployment rate A) is greater than the natural unemployment rate. B) is equal to the natural unemployment rate. C) is below the natural unemployment rate. D) can be anywhere on a short-run Phillips curve. E) is equal to zero.   2) The short-run Phillips curve shows A) potential GDP. […]

External link to Question : 25.              Indirect labor would most likely be shown the: A)sales budget B)direct : 1369922

Question : 25.              Indirect labor would most likely be shown the: A)sales budget B)direct : 1369922

    25.              Indirect labor would most likely be shown on the: A)sales budget B)direct labor budget C)production budget D)manufacturing overhead budget     26.              Sales commissions would most likely be shown in the: A)sales budget B)direct labor budget C)manufacturing overhead budget D)Marketing and distribution budget   27.              Weasel Corporation’s sales for January, 2010, were $1,350,000. Weasel projects a 10% increase in sales every month […]

External link to Question : 41) Tomas increased his consumption of potato chips when the : 1387364

Question : 41) Tomas increased his consumption of potato chips when the : 1387364

  41) Tomas increased his consumption of potato chips when the price of pistachios increased. For Tomas, potato chips and pistachios are A) substitutes in consumption. B) both inferior goods. C) complements in consumption. D) both luxury goods.     42) If the price of automobiles was to increase, then A) the demand for gasoline would decrease. B) the demand for gasoline would increase. C) […]

External link to Question : 71.A _____ issued by a bank, and it indicates that : 1299462

Question : 71.A _____ issued by a bank, and it indicates that : 1299462

  71.A _____ is issued by a bank, and it indicates that the bank will make payments under specific circumstances.  A. bill of exchange B. bill of lading C. letter of credit D. time draft E. usance draft 72.Which of the following is true of a letter of credit?  A. It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. […]

External link to Question : 61.When there a shortage in a market, prices likely to: A. Fall : 1233056

Question : 61.When there a shortage in a market, prices likely to: A. Fall : 1233056

  61.When there is a shortage in a market, prices are likely to:    A. Fall because buyers do not wish to buy as much as sellers want to sell. B. Rise because some buyers will offer to pay a higher price. C. Fall because sellers are likely to reduce their production if prices rise. D. Rise because the government will put a price ceiling in place. 62.If a market […]

External link to Question : 211.RefertoFigure3-21.Azerbaijanhasanabsoluteadvantageintheproductionof a.boltsandacomparativeadvantageintheproductionofbolts. b.boltsandacomparativeadvantageintheproductionofnails. : 1262269

Question : 211.RefertoFigure3-21.Azerbaijanhasanabsoluteadvantageintheproductionof a.boltsandacomparativeadvantageintheproductionofbolts. b.boltsandacomparativeadvantageintheproductionofnails. : 1262269

  211.RefertoFigure3-21.Azerbaijanhasanabsoluteadvantageintheproductionof a.boltsandacomparativeadvantageintheproductionofbolts. b.boltsandacomparativeadvantageintheproductionofnails. c.nailsandacomparativeadvantageintheproductionofbolts. d.nailsandacomparativeadvantageintheproductionofnails. 212.RefertoFigure3-21.IfUzbekistanandAzerbaijanswitchfromeachcountrydividingitstimeequallybetweentheproductionofboltsandnailstoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionwillincreaseby a.5 boltsand10 nails. b.15 bolts and 40nails. c.20 bolts and 50nails. d.30 bolts and 80nails. 213.RefertoFigure3-21.IfUzbekistanandAzerbaijaneachspendsallitstimeproducingthegoodinwhichithasacomparativeadvantageandtradetakesplaceatapriceof12boltsfor36nails,then a.neitherUzbekistannorAzerbaijanwillgainfromthistrade. b.Uzbekistanwillgainfromthistrade,butAzerbaijanwillnot. c.Azerbaijanwillgainfromthistrade,butUzbekistanwillnot. d.bothUzbekistanandAzerbaijanwillgainfromthistrade. 214.RefertoFigure3-21.Withouttrade,Uzbekistanproducedandconsumed12boltsand36nailsandAzerbaijanproducedandconsumed14boltsand24nails.Then,eachcountryagreedtospecializeintheproductionofthegoodinwhichithasacomparativeadvantageandtrade16boltsfor38nails.Asaresult,Uzbekistangained a.2boltsand2 nailsandAzerbaijangained2boltsand18nails. b.4boltsand2 nailsandAzerbaijangained2boltsand14nails. c.14boltsand38nailsandAzerbaijangained16boltsand42nails. d.16boltsand38nailsandAzerbaijangained16boltsand38nails. Figure3-22   AliceandBetty’sProductionPossibilitiesinone8­hourday.     Alice’sProductionPossibilitiesFrontierBetty’sProductionPossibilitiesFrontier                                       215.RefertoFigure3-22.WhatareAliceandBetty’sopportunitycostsof1pizza? a.Alice’sopportunitycostof1pizzais1/2ofapitcheroflemonadeandBetty’sopportunitycostof1pizzais2/3ofapitcheroflemonade. b.Alice’sopportunitycostof1pizzais1pitcheroflemonadeandBetty’sopportunitycostof1pizzais3pitchersoflemonade. c.Alice’sopportunitycostof1pizzais2pitchersoflemonadeandBetty’sopportunitycostof1pizzais1.5pitchersoflemonade. d.Alice’sopportunitycostof1pizzais400pitchersoflemonadeandBetty’sopportunitycostof1pizzais450pitchersoflemonade. 216.RefertoFigure3-22.WhatareAliceandBetty’sopportunitycostsof1pitcheroflemonade? […]

External link to Question : 11) In 2012, the largest exporter in the world was A) : 1387636

Question : 11) In 2012, the largest exporter in the world was A) : 1387636

    11) In 2012, the largest exporter in the world was A) Japan. B) Germany. C) China. D) the United States.     12) In 2013, ________ of Goodyear’s sales were outside North America. A) only 11 percent B) more than 60 percent C) less than half D) 95 percent   13) Goodyear’s sales were negatively affected by the tariff on Chinese tires because […]

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