12.2 Information Problems in Insurance Markets 1) The idea of an insurance company “pooling” the risk means that A) the risk is completely eliminated from society. B) the insurance company requires buyers to pay a large deductible. C) the risk is spread over a large population. D) the insurance company insists on a pooling equilibrium. E) moral hazard and adverse selection are eliminated. […]
21) The ________ are hurt by importing a good. A) domestic consumers of the good B) domestic producers of the good C) domestic governments D) foreign producers of the good E) foreign governments 22) When the United States imports goods from the rest of the world, which of the following parties is harmed? i.domestic producers of the good ii.domestic consumers of the good […]
67.Within the bankruptcy process when debts are exchanged for equity or the maturity of existing debts are extended, this is called a.a recapitalization. b.a reprioritization. c.a refinancing. d.none of the above 68.A cramdown procedure is used when a.a reorganization plan fails to meet the standard for approval by all classes under the unanimous consent procedure. b.the firm is clearly insolvent […]
81.WhichofthefollowingexamplesofproductionofgoodsandserviceswouldbeincludedinU.S.GDP? a.Sally,aCanadiancitizen,worksonadrillingcrewinNorthDakotaforNorthlandGasServices,andNorthlandsellsthenaturalgastoautilitycompanyinCanada. b.JimgrowspecansforhisfamilyintheyardoftheirSanAntoniohome. c.JoegrowsmarijuanainhisKansasCityhomeandsellsittohisfriendsandneighbors. d.NoneoftheaboveexamplesofproductionwouldbeincludedinU.S.GDP. 82.WhichofthefollowingtransactionsaddstoU.S.GDPfor2015? a.In2015,Annsellsacarthatsheboughtin2011toBillfor$7,000. b.AnAmericanmanagementconsultantworksinCanadaduringthesummerof2015andearnstheequivalentof$40,000duringthattime. c.WhenKenandKimwerebothsingle,theylivedinseparateapartmentsandeachpaid$800inrent.KenandKimgotmarriedin2015andtheyboughtapreviouslyunoccupiedhousethat,accordingtoreliableestimates,couldberentedfor$1,700permonth. d.NoneoftheabovetransactionsaddstoU.S.GDPfor2015. 83.WhichofthefollowingtransactionsaddstoU.S.GDPfor2015? a.In2015,Frank’sFetamanufactures2000poundsofcheesethatwilleventuallybesoldtogrocerystores. The2000poundsofcheeseremainsinFrank’sinventoryattheendof2015. b.AnIrishmarketingconsultantworksinRichmondduringthesummerof2015andearns$45,000duringthattime. c.WhenLenandMikawerebothsingle,theylivedinseparateapartmentsandeachpaid$700inrent.LenandMikagotmarriedin2015andtheyboughtapreviouslyunoccupiedhousethat,accordingtoreliableestimates,couldberentedfor$1,500permonth. d.AlloftheabovetransactionsaddtoU.S.GDPfor2015. 84.Thegovernmentofacountry,whichhasadoptedAmericanGDPaccountingconventions,reportedthatseasonallyadjustedGDPinquarter3was$48billionatanannualrate.Thismeansthattheseasonally-adjustedmarketvalueofallfinalgoodsandservicesproducedwithinthiscountryinquarter3was a.$4billion. b.$12 billion. c.$16 billion. d.$48 billion. 85.ThegovernmentofcountryA,whichhasadoptedAmericanGDPaccountingconventions,hascalculatedthattheseasonally-adjustedmarketvalueofallfinalgoodsandservicesproducedwithincountryAinquarter1was$5billion.ThegovernmentwillreportthatGDPinquarter1was a.$1.25billionatanannualrate. b.$4billionatanannualrate. c.$5billionatanannualrate. d.$20billionatanannualrate. 86.Thestatisticaldiscrepancythatregularlyarisesinnationalincomeaccountingreferstotheslightdifferencebetween a.personalincomeandpersonaldisposableincome. b.estimatesofGDPandactualGDP. c.theincomeandexpenditureapproachestothecalculationofGDP. d.thequarterlyandannualapproachestothecalculationofGDP. 87.Astatisticaldiscrepancy a.existsbecausedatasourcesarenotperfect,someasuresofexpendituresandincomearenotequal. b.insuresthatGDPwillapproximatelyequalGNP. c.explainsthecloseassociationbetweenGDPandqualityoflifemeasuressuchasliteracyandlifeexpectancy. d.explainstheinadequacyofGDPincapturingthevalueofleisureandthevalueofacleanenvironment. 88.WhichgovernmententitycomputesU.S.GDPeverythreemonths? a.theCouncilofEconomicAdvisers b.theDepartmentofCommerce c.theDepartmentofTreasury d.theFederalReserve 89.WhichofthefollowingcorrectlyordersU.S.incomemeasuresfromlargesttosmallest? a.disposablepersonalincome,grossnationalproduct,nationalincome,netnationalproduct,personalincome b.personalincome,netnationalproduct,nationalincome,grossnationalproduct,disposablepersonalincome c.grossnationalproduct,netnationalproduct,nationalincome,personalincome,disposablepersonalincome d.disposablepersonalincome,personalincome,nationalincome,netnationalproduct,grossnationalproduct 90.U.S.GDPandU.S.GNParerelatedasfollows: a.GNP=GDP+Valueofexportedgoods-Valueofimportedgoods. b.GNP=GDP-Valueofexportedgoods+Valueofimportedgoods. c.GNP=GDP+IncomeearnedbyforeignersintheU.S.-IncomeearnedbyU.S.citizensabroad. d.GNP=GDP-IncomeearnedbyforeignersintheU.S.+IncomeearnedbyU.S.citizensabroad.
17.3 Equilibrium in the Labor Market 1) The equilibrium wage and quantity of labor in the market for skilled workers is determined by A) the strength of labor unions. B) the monopsony power of firms. C) the demand and supply of labor. D) the market value created by the output of these skilled workers. 2) What happens to the equilibrium wage […]
21.Theaggregatequantityofgoodsandservicesdemandedchangesasthepricelevelfallsbecause a.realwealthfalls,interestratesrise,andthedollarappreciates. b.realwealthfalls,interestratesrise,andthedollardepreciates. c.realwealthrises,interestratesfall,andthedollarappreciates. d.realwealthrises,interestratesfall,andthedollardepreciates. 22.Otherthingsthesame,anincreaseinthepricelevelmakesthedollarspeopleholdworth a.more,sotheycanbuymore. b.more,sotheycanbuyless. c.less,sotheycanbuymore. d.less,sotheycanbuyless. 23.Whenthepricelevelincreases,therealvalueofpeople’smoneyholdings a.falls,sotheybuymore. b.falls,sotheybuyless. c.rises,sotheybuymore. d.rises,sotheybuyless. 24.Otherthingsthesame,adecreaseinthepricelevelmakesthedollarspeopleholdworth a.more,sotheycanbuymore. b.more,sotheycanbuyless. c.less,sotheycanbuymore. d.less,sotheycanbuyless. 25.Otherthingsthesame,anincreaseinthepricelevelmakesconsumersfeel a.lesswealthy,sothequantityofgoodsandservicesdemandedfalls. b.lesswealthy,sothequantityofgoodsandservicesdemandedrises. c.morewealthy,sothequantityofgoodsandservicesdemandedrises. d.morewealthy,sothequantityofgoodsandservicesdemandedfalls. 26.Otherthingsthesame,adecreaseinthepricelevelmakesconsumersfeel a.lesswealthy,sothequantityofgoodsandservicesdemandedfalls. b.lesswealthy,sothequantityofgoodsandservicesdemandedrises. c.morewealthy,sothequantityofgoodsandservicesdemandedrises. d.morewealthy,sothequantityofgoodsandservicesdemandedfalls. 27.Peoplewillbuymoreifthepricelevel a.risesbecauserisingpricesincreasetherealvalueofadollar. b.risesbecauserisingpricesdecreasetherealvalueofadollar. c.fallsbecausefallingpricesincreasetherealvalueofadollar. d.fallsbecausefallingpricesdecreasetherealvalueofadollar. 28.Inthecontextofaggregatedemandandaggregatesupply,thewealtheffectreferstotheideathat,whenthepriceleveldecreases,therealwealthofhouseholds a.increasesandasaresultconsumptionspendingincreases.Thiseffectcontributestothedownwardslopeoftheaggregate-demandcurve. b.decreasesandasaresultconsumptionspendingincreases.Thiseffectcontributestotheupwardslopeoftheaggregate-supplycurve. c.increasesandasaresulthouseholdsincreasetheirmoneyholdings;inturn,interestratesincreaseandinvestmentspendingdecreases.Thiseffectcontributestothedownwardslopeoftheaggregate-demandcurve. d.decreasesandasaresulthouseholdsincreasetheirmoneyholdings;inturn,interestratesincreaseandinvestmentspendingdecreases.Thiseffectcontributestotheupwardslopeoftheaggregate-supplycurve. 29.Asthepricelevelrises a.peoplewillwanttobuymorebonds,sotheinterestraterises. b.peoplewillwanttobuyfewerbonds,sotheinterestratefalls. c.peoplewillwanttobuymorebonds,sotheinterestratefalls. d.peoplewillwanttobuyfewerbonds,sotheinterestraterises. 30.Asthepricelevelrises a.peoplewillwanttoholdmoremoney,sotheinterestraterises. b.peoplewillwanttoholdmoremoney,sotheinterestratefalls. c.peoplewillwanttoholdlessmoney,sotheinterestratefalls. d.peoplewillwanttoholdlessmoney,sotheinterestraterises.
71) An improvement in technology will cause the A) production possibility frontier to shift outward. B) production possibility frontier to shift inward. C) economy to move down the production possibility frontier. D) economy to move closer to its production possibility frontier. 72) Consider two countries, Japan and Malaysia. Japan devotes a smaller portion of its production to capital. All other things equal, […]
1.4 Why Study International Finance? 1) American companies can borrow funds A) only in U.S. financial markets. B) only in foreign financial markets. C) in both U.S. and foreign financial markets. D) only from the U.S. government. 2) The price of one country’s currency in terms of another country’s currency is called the A) exchange rate. B) interest rate. C) Dow Jones […]
51) A statement that argues that “if taxes on gasoline increase, gasoline consumption will decrease” is an example of what kind of statement? A) a marginal statement B) a macroeconomic statement C) a normative statement D) a positive statement E) a statement that violates rational choice 52) Which of the following statements is a positive statement? A) Our country must increase military spending. […]
171.Harry’s Seafood is considering the addition of a fish hatchery. Construction of the facility is estimated to cost $1,100,000 and will be depreciated over 10 years using the straight-line method. The hatchery is expected to have no estimated residual value. Harry’s Seafood has a required rate of return of 12%. Incremental net income related to each year of the investment is as follows: […]
1. Question: Which hormone prompts increased anxiety, vigilance, and arousal during a stress response?
2. Question: Idiopathic thrombocytopenic purpura (ITP) is an autoimmune process involving antibodies attacking which type of cells?
3. Question: When renin is released, it is capable of which action?
4. Question: Which of the following are formed elements of the blood that are not cells but are disk-shaped cytoplasmic fragments essential for blood clotting?
5. Question: In a full-term infant, the normal erythrocyte life span is _____ days, whereas the adult erythrocyte life span is _____ days.
6. Question: Graves disease is a result of:
7. Question: What is the most commonly reported symptom of cancer treatment?
8. Question: In which structure does B lymphocytes mature and undergo changes that commit them to becoming B cells?
9. Question: Chvostek and Trousseau signs indicate which electrolyte imbalance?
10. Question: On average, what percent of cardiac output do the kidneys receive?
11. Question: Which substance is used to correct the chronic anemia associated with chronic renal failure?
12. Question: When the maternal immune system becomes sensitized against antigens expressed by the fetus, what reaction occurs?
13. Question: Which statement is true regarding pain and cancer?
14. Question: During an infection, why do lymph nodes enlarge and become tender?
15. Question: Which statement best describes cystic fibrosis?
16. Question: Carcinoma refers to abnormal cell proliferation originating from which tissue origin?
17. Question: What local complication of a gonococcal infection is diagnosed in approximately 10% of affected women?
18. Question: Which terms represent the correct nomenclature for benign and malignant tumors of adipose tissue, respectively?
19. Question: What provides the best estimate of the functioning of renal tissue?
20. Question: Children with phenylketonuria (PKU) are unable to synthesize:
21. Question: Which of the following causes condylomata acuminata or genital warts?
22. Question: Cystic fibrosis is caused by which process?
23. Question: The area of the kidneys that contains the glomeruli and portions of the tubules is called the:
24. Question: The concentration of the final urine is determined by antidiuretic hormone (ADH), which is secreted by which gland?
25. Question: The ability of the pathogen to invade and multiply in the host is referred to as:
26. Question: In 95% of children of delayed puberty, the problem is caused by:
27. Question: Which substance is a water-soluble protein hormone?
28. Question: Having ejected a mature ovum, the ovarian follicle develops into a(n):
29. Question: The most critical aspect in correctly diagnosing a seizure disorder and establishing its cause is:
30. Question: The two most important risk factors for type 2 diabetes are:
31. Question: It is true that myasthenia gravis:
32. Question: What term is used to identify an interlacing bundle of dense, white fibrous tissue that is richly supplied with nerves, blood vessels, and lymphatic vessels?
33. Question: The mucosal secretions of the cervix secrete which immunoglobulin?
34. Question: Clinical manifestations that include irregular or heavy bleeding, the passage of large clots, and the depletion of iron stores support which diagnosis?
35. Question: What is the first indication of nephrotic syndrome in children?
36. Question: What is the most common opportunistic infection associated with acquired immunodeficiency syndrome (AIDS)?
37. Question: What part of the brain provides the emotional response to pain?
38. Question: What directly causes ovulation during the menstrual cycle?
39. Question: Transcription is best defined as a process by which:
40. Question: Considering the mediating factors of premenstrual syndrome (PMS), which medication may be used either continually or only during the menstrual period as a treatment for the condition?
41. Question: Pinkeye is characterized by inflammation of which structure?
42. Question: Atrial fibrillation, rheumatic heart disease, and valvular prosthetics are risk factors for which type of stroke?
43. Question: Clinical manifestations of Parkinson disease are caused by a deficit in which of the brain’s neurotransmitters?
44. Question: Which hormone is linked to an increase in appetite during puberty?
45. Question: Which change is a result of puberty and defends the vagina from infection?
46. Question: Which hormone is involved in the regulation of serum calcium levels?
47. Question: Which medication compensates for the deficiency that occurs as a result of cystic fibrosis?
48. Question: It is true that Guillain-Barré syndrome (GBS):
49. Question: An infant suddenly develops abdominal pain, becomes irritable (colicky), and draws up the knees. Vomiting occurs soon afterward. The mother reports that the infant passed a normal stool, followed by one that looked like currant jelly. Based on these data, which disorder does the nurse suspect?
50. Question: Which condition is considered a clinical cause of amenorrhea?
51. Question: Which anatomic structure secretes follicle stimulating hormone (FSH) and luteinizing hormone (LH)?
52. Question: Which medical diagnosis is described as a chronic inflammatory joint disease characterized by stiffening and fusion of the spine and sacroiliac joints?
53. Question: How can glaucoma cause blindness?
54. Question: Which virus is a precursor for developing cervical intraepithelial neoplasia (CIN) and cervical cancer?
55. Question: Which type of diarrhea results from lactose intolerance?
56. Question: Which pain theory proposes that a balance of impulses conducted from the spinal cord to the higher centers in the central nervous system (CNS) modulates the transmission of pain?
57. Question: Obesity acts as an important risk factor for type 2 diabetes mellitus by:
58. Question: A blunt force injury to the forehead would result in a coup injury to which region of the brain?
59. Question: The secretion of adrenocorticotropic-stimulating hormone (ACTH) will result in the increased level of which hormone?
60. Question: Bacteria gain access to the female urinary tract by which means?
61. Question: The failure of bones to ossify, resulting in soft bones and skeletal deformity, characterizes which disorder?
62. Question: What is the cause of familial hypercholesterolemia (FH)?
63. Question: Which characteristic is true of type II (white fast-motor) muscle fibers?
64. Question: The presence of a zygote having one chromosome with the normal complement of genes and one with a missing gene is characteristic of which genetic disorder?
65. Question: What term is used to identify the condition that exists when the urethral meatus is located on the undersurface of the penis?
66. Question: Which hormone stimulates gonads to produce both male and female hormones?
67. Question: Which term is used to describe an intestinal obstruction caused by the invagination of the ileum into the cecum and part of the ascending colon by collapsing through the ileocecal valve?
68. Question: Where is the usual site of cervical dysplasia or cancer in situ?
69. Question: Which statement is true regarding the major difference between male and female sex hormone production?
70. Question: Using a fan to reduce body temperature is an example of which mechanism of heat loss?
71. Question: In scoliosis, curves in the thoracic spine greater than how many degrees result in decreased pulmonary function?
72. Question: What is the second most commonly recognized genetic cause of mental retardation?
73. Question: Which risk factor for hypertension is influenced by genetic factors and lifestyle?
74. Question: Prolonged high environmental temperatures that produce dehydration, decreased plasma volumes, hypotension, decreased cardiac output, and tachycardia cause which disorder of temperature regulation?
75. Question: Saliva contains which immunoglobulin (Ig)?
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