External link to Question : 41.A good producedby a firm in 2009,added to the firm’sinventory : 1261642

Question : 41.A good producedby a firm in 2009,added to the firm’sinventory : 1261642

  41.A good is producedby a firm in 2009,added to the firm’sinventory in 2010, andsold to a householdin 2010.Asaresult,onnet, a.2009GDPincreasedand2010GDPdecreased. b.2009GDPdecreasedand2010GDPincreased. c.2009GDPdidnotchangeand2010GDPincreased. d.2009GDPincreasedand2010GDPdidnotchange. 42.Astoveisproducedbyafirmin2014,addedtothefirm’sinventoryin2014,andsoldtoahouseholdin2015.Itfollowsthat a.thevalueofthegoodisaddedtotheinvestmentcategoryof2014GDP,addedtotheconsumptioncategoryof2015GDP,andsubtractedfromtheinvestmentcategoryof2015GDP. b.thevalueofthegoodisaddedtotheinvestmentcategoryof2014GDP,addedtotheconsumptioncategoryof2015GDP,andnotincludedintheinvestmentcategoryof2015GDP. c.thevalueofthegoodisaddedtotheinvestmentcategoryof2014GDP,subtractedfromtheconsumptioncategoryof2015GDP,andnotincludedintheinvestmentcategoryof2015GDP. d.thevalueofthegoodisaddedtotheinvestmentcategoryof2014GDP,subtractedfromtheconsumptioncategoryof2015GDP,andaddedtotheinvestmentcategoryof2015GDP. 43.RocketEnergyDrinkCompanybuyssugartoproduceenergydrinks.Attheendofaquarterbothitsinventoryofsugaranditsinventoryofenergydrinkshasincreased.Investmentforthequarterwillinclude a.boththeincreasedinventoryofsugarandtheincreasedinventoryofenergydrinks. b.theincreasedinventoryofsugar,butnottheincreasedinventoryofenergydrinks. c.theincreasedinventoryofenergydrinks,butnottheincreasedinventoryofsugar. d.neithertheincreasedinventoryofsugarnortheincreasedinventoryofenergydrinks. 44.WhichofthefollowingitemsisincludedinGDP? a.thesaleofstocksandbonds b.thesaleofusedgoods c.thesaleofservicessuchasthoseperformedbyadoctor d.AlloftheaboveareincludedinGDP. 45.Governmentpurchasesincludespendingongoodsandservicesby a.thefederalgovernment,butnotbystateorlocalgovernments. b.federalandstategovernments,butnotbylocalgovernments. c.federal,state,andlocalgovernments. d.federal,state,andlocalgovernments,aswellashouseholdspendingbyemployeesofthosegovernments. 46.Whichofthefollowingitemsiscountedaspartofgovernmentpurchases? a.ThefederalgovernmentpaysthesalaryofaNavyofficer. b.ThestateofNevadapaysaprivatefirmtorepairaNevadastatehighway. c.ThecityofLasVegas,Nevadapaysaprivatefirmtocollectgarbageinthatcity. d.Alloftheabovearecorrect. 47.Whichofthefollowingisincludedingovernmentpurchases? a.unemploymentbenefitsastatepays b.SocialSecuritypaymentstheU.S.governmentmakes c.theservicesofaU.S.governmentattorneyvaluedatthecostofhersalary d.Alloftheabovearecorrect. 48.Recently,theU.S.nationalincomeaccountshaveswitchedtocallinggovernmentpurchases a.governmentspendingandtransferpayments. b.transferpaymentsandgrossinvestmentbygovernment. c.governmentconsumptionexpenditureandgrossinvestment. d.governmentwages,salaries,andinvestmentexpenditure. 49.Aformofgovernmentspendingthatisnotmadeinexchangeforacurrentlyproducedgoodorserviceiscalled a.atransferpayment. b.consumption. c.investment. d.Noneoftheaboveiscorrect. 50.Atransferpaymentis a.apaymentformovingexpensesaworkerreceiveswhenheorsheistransferredbyanemployertoanewlocation. […]

External link to Question : 51.A balloon at 25oC has 1.00 L of air. The : 1318398

Question : 51.A balloon at 25oC has 1.00 L of air. The : 1318398

    51.A balloon at 25oC has 1.00 L of air. The balloon is heated to 40oC at constant pressure. What is the new volume? A)  1.00 ? 103 L    B)  1.05 L    C)  1.60 L    D)  15.0 L    E)  2.25 L   52.A balloon containing helium at constant pressure and temperature has the volume doubled by adding a more helium. Which statement(s) is(are) true? […]

External link to Question : 9.3  Government Solutions to Externalities 1) Government invention required to solve : 1377434

Question : 9.3  Government Solutions to Externalities 1) Government invention required to solve : 1377434

  9.3  Government Solutions to Externalities 1) Government invention is required to solve externality problems if ________. A) transaction costs associated with private negotiations are low B) the number of people affected the externality is small C) the number of people affected by the externality is large D) property rights are clearly defined 2) A government regulation that bans the use of a certain polluting […]

External link to Question : 18.2   The Oligopolists’ Dilemma 1) When oligopolies seek to operate as : 1241341

Question : 18.2   The Oligopolists’ Dilemma 1) When oligopolies seek to operate as : 1241341

  18.2   The Oligopolists’ Dilemma   1) When oligopolies seek to operate as a single-price monopoly, the firms produce at the point where        A) P = MC. B) MR = MC. C) P < ATC. D) P = MR. E) MC = ATC.   2) When firms in an oligopoly successfully collude and do not cheat on a cartel agreement, they can make a long-run […]

External link to Question : 81) The Bubby Gum factory produces bubble gum. Joanne one : 1240944

Question : 81) The Bubby Gum factory produces bubble gum. Joanne one : 1240944

  81) The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produces 10 packs of bubble gum per hour. Joanne’s money wage rate is $12 per hour. If a packet of bubble gum sells for $1.00, then A) Joanne is creating a $2.00 per hour loss for the firm. B) Joanne is creating a $2.00 per hour profit for […]

External link to Question : 9.4   Achieving Faster Growth 1) At its most basic level, economic : 1228342

Question : 9.4   Achieving Faster Growth 1) At its most basic level, economic : 1228342

  9.4   Achieving Faster Growth   1) At its most basic level, economic growth depends on A) creating the right incentives. B) saving by the government. C) government leadership. D) government’s fixing prices to encourage stability. E) political freedom.   2) If a country lacks ________, economic growth ________. A) a democratic form of government; cannot occur B) a proper incentive system; cannot occur C) […]

External link to Question : 146.A project that cost $75,000 has a useful life of : 1311940

Question : 146.A project that cost $75,000 has a useful life of : 1311940

    146.A project that cost $75,000 has a useful life of 5 years and a salvage value of $3,000. The internal rate of return is 12% and the annual rate of return is 18%. The amount of the annual net income was a.$7,020. b.$6,480. c.$4,680. d.$4,320.     147.A project has annual income exclusive of depreciation of $80,000. The annual rate of return is […]

External link to Question : 93) Which of the following the best explanation for why : 1240817

Question : 93) Which of the following the best explanation for why : 1240817

  93) Which of the following is the best explanation for why the price of gasoline increases during the summer months? A) Oil producers have higher costs of production in the summer. B) Sellers have to earn profits during the summer to cover losses in the winter. C) There is increased driving by families going on vacation. D) There is less competition among oil refineries […]

External link to Question : 21) Refer to Figure 9-5. The figure shows the cost : 1245263

Question : 21) Refer to Figure 9-5. The figure shows the cost : 1245263

    21) Refer to Figure 9-5. The figure shows the cost structure of a firm in a perfectly competitive market. If the firm’s fixed cost increases by $1,000 due to a new environmental regulation, what happens to its profit-maximizing output level? A) It increases. B) It decreases. C) It remains the same. D) It could increase, decrease or remain constant, depending on whether the […]

External link to Question : 24.2   Meaning of Inflation 1) A one-time increase in the price : 1373931

Question : 24.2   Meaning of Inflation 1) A one-time increase in the price : 1373931

  24.2   Meaning of Inflation   1) A one-time increase in the price level A) is rarely reported by the news media as inflation, but is nevertheless considered to be inflation by economists. B) is regularly reported by the news media as inflation, but is not considered to be inflation by economists. C) is rarely reported by the news media as inflation because it is […]

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