External link to Question : 21) The “tragedy of the commons” refers to the phenomenon : 1387510

Question : 21) The “tragedy of the commons” refers to the phenomenon : 1387510

  21) The “tragedy of the commons” refers to the phenomenon where A) individuals are free riders. B) people overuse a common resource. C) people do not internalize an externality. D) there is rivalry in consumption.     22) A tragedy of the commons occurs when a resource is A) rival and excludable. B) rival and nonexcludable. C) nonrival and nonexcludable. D) nonrival and excludable. […]

External link to Question : 10.3   How Does a Monopoly Choose Price and Output? 1) The : 1266851

Question : 10.3   How Does a Monopoly Choose Price and Output? 1) The : 1266851

  10.3   How Does a Monopoly Choose Price and Output? 1) The demand curve for the monopoly’s product is A) the market demand for the product. B) more elastic than the market demand for the product. C) more inelastic than the market demand for the product. D) undefined. 2) A monopolist’s profit maximizing price and output correspond to the point on a graph A) where […]

External link to Question : 41) When the Fed buys $100 million of securities from : 1227827

Question : 41) When the Fed buys $100 million of securities from : 1227827

    41) When the Fed buys $100 million of securities from a commercial bank the A) monetary base increases. B) money supply decreases. C) bank’s reserves decrease. D) required reserve ratio decreases. E) bank is risking its depositors’ money. Answer:  A Topic:  Open market operation and the monetary base Skill:  Level 2: Using definitions Section:  Checkpoint 11.4 Status:  RS   42) If the reserve […]

External link to Question : 41.You notice that the price of a one-year put option, : 1325795

Question : 41.You notice that the price of a one-year put option, : 1325795

  41.You notice that the price of a one-year put option, with a $60 strike price, is $1. The current price of the underlying stock is also $58. What should the price of a one-year call option be with a strike price of $60? Assume that the interest rate on a one-year risk free bond is 10%. a.$0 b.$2 c.$2.45 d.$4.45 42.Which of the following […]

External link to Question : 51) The sum of the balances of the three accounts : 1228101

Question : 51) The sum of the balances of the three accounts : 1228101

    51) The sum of the balances of the three accounts of the balance of payments (the current account, the capital account, and the official settlements account) is A) negative if there is a balance of trade deficit. B) equal to zero. C) positive if there is a balance of trade surplus. D) negative if there is a balance of trade surplus or positive […]

External link to Question : 21) If a country exporting more goods and services than : 1384528

Question : 21) If a country exporting more goods and services than : 1384528

  21) If a country is exporting more goods and services than it is importing, we should consider this to be “beneficial” only in the sense that it A) allows a country to add to its foreign-exchange reserves above the level needed to cope with fluctuations in private payments. B) represents an accumulation of assets for the domestic economy that can be used in the […]

External link to Question : 51) A free lunch (the absence of a tradeoff) when : 1238378

Question : 51) A free lunch (the absence of a tradeoff) when : 1238378

  51) A free lunch (the absence of a tradeoff) when the production of a good is increased is possible for the entire economy only if A) less of some product is produced. B) prices are decreased. C) prices are increased. D) resources are used inefficiently. E) there is a movement along the PPF. 52) A movement from a point inside the production possibilities frontier […]

External link to Question : 21) Comparing the AS-AD model and the Phillips curve, we : 1227989

Question : 21) Comparing the AS-AD model and the Phillips curve, we : 1227989

    21) Comparing the AS-AD model and the Phillips curve, we see that A) they both are graphed as a relationship between the rate of inflation and the unemployment rate. B) the Phillips curve is graphed as a relationship between the price level and the unemployment rate. C) the AS-AD model is graphed as a relationship between the inflation rate and the rate of […]

External link to Question : MULTIPLE CHOICE 1.Quiz Company has a 12 year lease, with payments : 1325740

Question : MULTIPLE CHOICE 1.Quiz Company has a 12 year lease, with payments : 1325740

MULTIPLE CHOICE   1.Quiz Company has a 12 year lease, with payments of $250,000 made at the beginning of each year. If no purchase option exists, and the company is in the 40% tax bracket, what is the annual after-tax cash outflow on the lease? a.$416,667 b.$250,000 c.$150,000 d.$100,000       Loose Cannon Co. Loose Cannon Co. is evaluating a new $75 million bond […]

External link to Question : 61) If beef and pork substitutes for consumers, the cross : 1239053

Question : 61) If beef and pork substitutes for consumers, the cross : 1239053

  61) If beef and pork are substitutes for consumers, the cross elasticity of demand between the two products must be A) negative. B) positive. C) indeterminate. D) elastic. E) greater than 1. 62) When the price of a pizza is $10, the quantity of soda demanded is 300 drinks. When the price of a pizza is $15, the quantity soda demanded is 100 drinks. […]

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