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External link to Question : 51) The figure above illustrates a small country’s production possibilities : 1238966
Economics

Question : 51) The figure above illustrates a small country’s production possibilities : 1238966

  51) The figure above illustrates a small country’s production possibilities frontier. Based on the figure, we can tell that the nation’s resources are A) equally productive in all tasks because the slope is negative. B) equally productive in all tasks because the production possibilities frontier is bowed out. C) not equally productive in all tasks because the slope is negative. D) not equally productive […]

External link to Question : 1) Productive efficiency for an individual firm requires that A) all : 1384258
Economics

Question : 1) Productive efficiency for an individual firm requires that A) all : 1384258

  1) Productive efficiency for an individual firm requires that A) all resources be fully used. B) MC = P for all goods. C) the firm be on its LRAC curve. D) the firm be allocatively efficient. E) P = ATC for all goods. 2) For an entire economy, allocative efficiency requires that A) goods are allocated equitably across markets. B) marginal cost equals price […]

External link to Question : 61) If the cyclical unemployment rate greater than zero, then : 1384347
Economics

Question : 61) If the cyclical unemployment rate greater than zero, then : 1384347

  61) If the cyclical unemployment rate is greater than zero, then the A) economy is operating beyond full employment. B) economy is operating at full employment. C) economy is operating at less than full employment. D) frictional unemployment rate is greater than the structural unemployment rate. E) real-wage unemployment rate is negative. 62) As the banking industry becomes more and more automated, tellers find […]

External link to Question : BRIEF EXERCISES BE 159 Wynn, Inc. manufactures beanies. The budgeted units to : 1311840
Economics

Question : BRIEF EXERCISES BE 159 Wynn, Inc. manufactures beanies. The budgeted units to : 1311840

  BRIEF EXERCISES   BE 159 Wynn, Inc. manufactures beanies. The budgeted units to be produced and sold are below: Expected ProductionExpected Sales August3,5002,900 September2,8003,900   It takes 18 yards of yarn to produce a beanie. The company’s policy is to maintain yarn at the end of each month equal to 5% of next month’s production needs and to maintain a finished goods inventory at […]

External link to Question : 152.Harris Manufacturing produces white sauce. It uses units as the : 1302884
Economics

Question : 152.Harris Manufacturing produces white sauce. It uses units as the : 1302884

    152.Harris Manufacturing produces white sauce. It uses units as the cost driver for overhead. The following information was provided concerning its standard cost system for 2014: Budgeted and Standard DataActual Data Material1/4 lb. @ $14 per poundProduced6,200 units Labor1.4 hrs. @ $16 per hourMaterials purchased1,600 lbs. for $13.70/ pound Total fixed overhead$84,000Materials used1,520 lbs. Variable overhead$6.50 per unitLabor worked8,740 hrs. at $15.90/hour Production6,000 […]

External link to Question : 51) To convert the nominal interest rate to the real : 1240922
Economics

Question : 51) To convert the nominal interest rate to the real : 1240922

    51) To convert the nominal interest rate to the real interest rate, we A) divide the nominal interest rate by the inflation rate. B) multiply the nominal interest rate by the inflation rate. C) subtract the inflation rate from the nominal interest rate. D) add the inflation rate to the nominal interest rate. E) subtract the nominal interest rate from the inflation rate […]

External link to Question : 18.4   Chapter Figures The figure above shows the U.S. market for : 1228054
Economics

Question : 18.4   Chapter Figures The figure above shows the U.S. market for : 1228054

  18.4   Chapter Figures     The figure above shows the U.S. market for T-shirts, where SUS is the domestic supply curve and DUS is the domestic demand curve. The United States trades freely with the rest of the world. The world price of a T-shirt is $5.   1) In the figure above, with international trade U.S. consumers buy ________ million T-shirts per year […]

External link to Question : 11) Suppose that the labor movement has a revival in : 1388334
Economics

Question : 11) Suppose that the labor movement has a revival in : 1388334

    11) Suppose that the labor movement has a revival in the United States and the majority of workers join labor unions.  As a result we would expect A) the labor force participation rate to fall. B) the unemployment rate to fall. C) the unemployment rate to rise. D) no change in the unemployment rate or labor force participation rate.     12) If […]

External link to Question : 9.2   Dynamics of Past U.S. Financial Crises 1) When financial institutions : 1373706
Economics

Question : 9.2   Dynamics of Past U.S. Financial Crises 1) When financial institutions : 1373706

  9.2   Dynamics of Past U.S. Financial Crises   1) When financial institutions go on a lending spree and expand their lending at a rapid pace they are participating in a A) credit boom. B) credit bust. C) deleveraging. D) market race.   2) When the value of loans begins to drop, the net worth of financial institutions falls causing them to cut back on […]

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        • Healing through CAM
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