21) For almost 70 years international trade policies have been governed A) by the World Trade Organization. B) by the International Monetary Fund. C) by the World. D) by an international treaty known as the General Agreement on Tariffs and Trade (GATT). E) by the North American Free Trade Agreement (NAFTA). 22) The international capital market is A) the place where you […]
11) The natural unemployment rate is higher if A) unemployment benefits become more generous. B) there is a decrease in the working-age population. C) there are fewer two-income households. D) many of the new jobs created require skills possessed by the available labor. E) efficiency wages are lower. 12) The lower the amount of unemployment benefits citizens receive, the A) higher the opportunity […]
41) The consumption function shows that when disposable income increases by one dollar, consumption expenditure A) increases by one dollar. B) increases by more than a dollar. C) increases by less than a dollar. D) does not change. E) decreases by less than a dollar. 42) The MPC is equal to the A) change in consumption expenditure divided by the change in disposable income […]
131) If a demand curve and a supply curve can be stated functionally as Qd = 100 – 5P; and Qs = 90 + 5P, respectively, then the equilibrium quantity and price (Q, P) would be A) 95; 1. B) 1; 95. C) 190; 1. D) 95; 10. E) 190; 10. 132) If a demand curve and a supply curve can be stated functionally […]
3.4 Specialization and Trade 1) If Wendy can produce more of all goods than Tommy in an hour, then A) Wendy has an absolute advantage in all goods. B) Wendy does not need to trade with Tommy in order to achieve the gains from trade. C) Wendy has a comparative advantage in all goods. D) Tommy has an absolute advantage in all goods. E) […]
13.3 Explaining Economic Trends and Fluctuations 1) Macroeconomic equilibrium occurs when A) there is no inflation. B) real GDP is equal to potential GDP. C) the aggregate quantity demanded is equal to the aggregate quantity supplied. D) the economy is fully employed. E) the price level equals the potential price level. 2) A macroeconomic equilibrium occurs when the A) quantity of real GDP […]
32) In a monopoly, producers ________ and consumers ________. A) gain; lose B) lose; lose C) lose; gain D) gain; gain E) gain; do not gain or lose 33) If a perfectly competitive industry becomes a monopoly and the costs do not change, which of the following allocation of costs and benefits applies? A) The producer benefits, but consumers and society are harmed. B) […]
131.Inwhichcasewouldpeopledesiretoborrowthemost? a.thenominalinterestrateis8%andtheinflationrateis7% b.thenominalinterestrateis7%andtheinflationrateis5% c.thenominalinterestrateis6%andtheinflationrateis3% d.thenominalinterestrateis5%andtheinflationrateis1% 132.Supposeinsomecountrythatthefirst$5,000ofinterestincomeisexemptfromincometax.Ifthegovernmentthenremovedthisexemption a.theinterestrateandinvestmentwouldrise. b.theinterestratewouldriseandinvestmentwouldfall. c.theinterestratewouldfallandinvestmentwouldrise. d.theinterestrateandinvestmentwouldfall. 133.IfCongressinstitutedaninvestmenttaxcredit a.itwouldmakebuyingbondsmoredesirable,sothedemandforloanablefundswouldshift. b.itwouldmakebuyingcapitalgoodsmoredesirable,sothedemandforloanablefundswouldshift. c.itwouldmakebuyingbondsmoredesirable,sothesupplyofloanablefundswouldshift. d.itwouldmakebuyingcapitalgoodsmoredesirable,sothesupplyofloanablefundswouldshift. 134.Otherthingsthesame,anincreaseintaxeswithnochangeingovernmentpurchasesmakesnationalsaving a.rise.Thesupplyofloanablefundsshiftsright. b.rise.Thedemandforloanablefundsshiftsright. c.fall.Thesupplyofloanablefundsshiftsleft. d.fall.Thedemandforloanablefundsshiftsleft. 135.Otherthingsthesame,anincreaseinthebudgetdeficit a.shiftsthedemandforloanablefundsright,sotheinterestraterises. b.shiftsthedemandforloanablefundsleft,sotheinterestratefalls. c.shiftsthesupplyofloanablefundsright,sotheinterestratefalls. d.shiftsthesupplyofloanablefundsleft,sotheinterestraterises. 136.Agovernmentreducesitsbudgetdeficit,butatthesametimepeoplebecomeconcernedthattheoutlookforfuturegovernmentexpendituresandrevenuesincreasethechanceitwilldefault.Whichofthefollowingiscorrect? a.Thereducedbudgetdeficitwillraiseinterestratesingeneral.Theincreasedriskofdefaultwillraiseinterestratesongovernmentbonds. b.Thereducedbudgetdeficitwillraiseinterestratesingeneral.Theincreasedriskofdefaultwillreduceinterestratesongovernmentbonds. c.Thereducedbudgetdeficitwillreduceinterestratesingeneral.Theincreasedriskofdefaultwillraiseinterestratesongovernmentbonds. d.Thereducedbudgetdeficitwillreduceinterestratesingeneral.Theincreasedriskofdefaultwillreduceinterestratesongovernmentbonds. 137.TheU.S.governmentincreasesitsbudgetdeficit,butatthesametimeCongresseliminatesaninvestmenttaxcredit.Whichofthefollowingiscorrect? a.Theinterestratewillincrease;investmentmayincreaseordecrease. b.Theinterestratewilldecrease;investmentmayincreaseordecrease. c.Theinterestratemayincreaseordecrease;investmentwilldecrease. d.Theinterestratemayincreaseordecrease;investmentwillincrease. 138.Weinterpretthemeaningof“loanablefunds”asthe a.flowofresourcesavailablefromprivatesaving. b.flowofresourcesavailabletofundprivateinvestment. c.resourcesborrowedbyprivateinvestorsandbygovernment. d.resourceslentbyprivateinvestorsandbygovernment. 139.In2009and2010,thefederalgovernment’sbudgetdeficitwasabout a.5percentofGDP,andthiswasthehighestdebt-GDPratioinU.Shistory. b.10percentofGDP,andthiswasthehighestdebt-GDPratioinU.Shistory. c.5percentofGDP,andthiswasthehighestdebt-GDPratiosinceWorldWarII. d.10percentofGDP,andthiswasthehighestdebt-GDPratiosinceWorldWarII. 140.Ifthenominalinterestrateis2.5percentandtheinflationrateis2percent,whatistherealinterest rate? a..5percent b.1.25percent c.4.5percent d.Noneoftheaboveiscorrect.
13.5 How Marketing Differentiates Products 1) A trademark is A) a legal instrument which grants a firm the right to differentiate its product. B) a legal right to position a firm’s product in high-traffic public areas such as airports and post offices. C) a patent on a firm’s product. D) a distinguishing attribute such as a sign or logo that allows a firm […]
31) In the circular flow model with the government sector, taxes A) flow in the opposite direction as do transfers. B) flow in the same direction as do transfers. C) on households flow in the same direction as do the goods and services. D) on firms flow in the same direction as do factors of production. E) flow from the goods market to […]
For this assignment you will prepare a scholarly product that reports your progress (or results) and implications of your DNP project to a designated audience. If you are not in the implementation or evaluation phases of your DNP project you may report on a project that you have worked on during your practicum experiences with the practicum site. While you are not required to actually present your work it will be beneficial for you to prepare your product for dissemination now while you can receive feedback from your peers and faculty committee.
Your scholarly product may be in the form of a manuscript for publication, project summary and evaluation report, conference proceedings, poster presentation, program evaluation report, grant proposal, media or technology-based deliverable, or a different faculty approved product. The scholarly product is due to your Instructor by Day 7 of Week 10 so you may receive feedback on it before finalizing your DNP Project Paper (a DNP program requirement). Unless otherwise arranged with your Project committee, your final product must include the following information, and must be written in a style appropriate for your intended audience:
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