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 […]
61) Marco goes to the pet store to buy a dozen Koi fish for his new Koi pond. He is willing to pay $200 for the dozen fish, but buys them for a total of $140. Marco’s consumer surplus from the purchase is A) $5. B) $60. C) $140. D) $200. 62) Brett buys a new cell phone for $100. He receives […]
16.5 The Quantity Theory of Money 1) The quantity equation states that the A) money supply divided by the velocity of money equals the price level divided by real output. B) money supply times the velocity of money equals the price level times real output. C) money supply times the price level equals real output divided by the velocity of money. D) money […]
19.3 Chapter Figures The figure above shows the demand curve for dollars in the foreign exchange market. 1) If the exchange rate rises as shown by the arrow, the price of American exports to foreigners will be ________, and foreign nations will demand ________ dollars in order to buy ________ American exports. A) cheaper; more; more B) higher; more; more C) […]
121.Which of the following is not involved in the sell or process further decision? a.Revenues b.Variable costs c.Opportunity costs d.Fixed costs 122.All of the following are relevant to the sell or process further decision except a.costs incurred beyond the split-off point. b.revenues at the split-off point. c.costs incurred before the split-off point. d.revenues beyond the split-off point. 123.Costs incurred before […]
11) Both individual buyers and sellers in perfect competition A) can influence the market price by their own individual actions. B) can influence the market price by joining with a few of their competitors. C) have to take the market price as a given. D) have the market price dictated to them by government. 12) Both buyers and sellers are price takers in […]
55.Projects with a negative net present value will always have a(n) A.payback period shorter than the life of the project. B.accounting rate of return that is greater than zero. C.an internal rate of return greater than the cost of capital. D.None of these answer choices are correct. 56.The required rate of return used to calculate an investment’s net present value is related […]
11) Nigeria would be classified by the International Monetary Fund as A) an advanced economy. B) a developing economy. C) a transition economy. D) an emerging market economy. E) a resource-based economy. 12) ________ economies include ______________. A) Developing; Saudi Arabia and South Africa B) Developing; Poland and Russia C) Developing; China and Poland D) Emerging; Poland and Brazil E) Emerging; China […]
Figure 1-1 11) Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2008 and 2011. A) 23.1% B) 23.8% C) 30% D) 42.9% Figure 1-2 12) Refer to Figure 1-2. Calculate the area of the triangle A. A) $1.3 million B) $2.6 million C) $3.4 million D) $5.2 […]
8.1 Taxes on Buyers and Sellers 1) Tax incidence is the A) burden buyers have to absorb from a tax on goods and services. B) burden sellers have to absorb from a tax on goods and services. C) lost revenue the government endures from goods and services that are not taxed. D) division of the burden of a tax between the buyer and the […]
17.2 Monetary Policy Transmission
1) Steps in the transmission of monetary policy are
A) Congress increases government expenditures on goods and services, leading to an increase in aggregate demand.
B) Congress increases the money supply, which lowers the interest rate, and leads to an increase in aggregate demand.
C) the Federal Reserve increases government expenditures on goods and services, leading to an increase in aggregate demand.
D) the Federal Reserve lowers the federal funds rate, which lowers the real interest rate, and leads to an increase in aggregate demand.
E) Congress increases the budget deficit, which increases the money supply, which increases aggregate supply.
2) Which of the following is NOT an effect from a change in the federal funds rate?
A) change in the real interest rate
B) change in investment
C) change in government expenditures
D) change in aggregate demand
E) change in the quantity of money
3) If the Fed buys U.S. government securities,
A) the federal funds rate will fall.
B) the federal funds rate will rise.
C) the discount rate will fall.
D) bank reserves will decrease.
E) the discount rate will rise.
4) If the Fed sells U.S. government securities,
A) the federal funds rate rises.
B) the U.S. Treasury gains some revenue.
C) the U.S. Treasury loses some revenue.
D) banks' reserves increase.
E) None of the above answers is correct.
5) If the Fed carries out an open market operation and buys U.S. government securities, the federal funds rate ________ and the quantity of reserves ________.
A) falls; increases
B) rises; increases
C) falls; decreases
D) rises; does not change
E) rises; decreases
6) If the Fed carries out an open market operation and sells U.S. government securities, the federal funds rate ________ and the quantity of reserves ________.
A) falls; increases
B) rises; increases
C) rises; does not change
D) falls; decreases
E) rises; decreases
7) In an open market purchase, the Fed ________ government securities, which ________ bank reserves and ________ the federal funds rate.
A) buys; increases; raises
B) buys; decreases; raises
C) sells; increases; lowers
D) sells; decreases; lowers
E) buys; increases; lowers
8) If the Fed buys U.S. government securities from banks, the federal funds rate ________ and banks' reserves ________.
A) falls; increase
B) rises; increase
C) does not change; increases
D) falls; decrease
E) rises; decrease
9) If the Fed sells U.S. government securities to banks, the federal funds rate ________ and banks' reserves ________.
A) falls; increase
B) rises; do not change
C) rises; increase
D) falls; decrease
E) rises; decrease
10) In the short run, to decrease the interest rate, the Federal Reserve ________ the quantity of money by ________ government securities.
A) increases; selling
B) increases; buying
C) decreases; selling
D) decreases; buying
E) None of the above answers is correct because in the short run, the Federal Reserve cannot change the interest rate.
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