63) The graph shows the market for holiday condos in West Palm Beach. The equilibrium rent is ________ a week. A) any amount less than $1,550 B) any amount greater than $1,550 C) $1,550 D) $4,000 E) None of the above answers is correct.   64) In a housing market with a rent ceiling set below the equilibrium rent, A) some people seeking […]

  42) In order for the Federal Trade Commission to consider an industry concentrated, the industry must have a Herfindahl-Hirschman Index of A) less than 1,000. B) between 1,000 and 1,400. C) greater than 1,800. D) less than zero. E) between 1,400 and 1,800.   43) The Federal Trade Commission ________ the merger between AT&T and T-Mobile because the merger was projected to ________. A) […]

  Table 6-1   Price Quantity $35 40   25 50   58) Refer to Table 6-1.  Suppose you own a bookstore. You believe that you can sell 40 copies per day of the latest John Grisham novel when the price is $35. You consider lowering the price to $25 and believe this will increase the quantity sold to 50 books per day. Compute the […]

  41) What economists call “involuntary unemployment” occurs when A) a job is available but the worker has not yet found it. B) the level of real GDP is at or above the economy’s potential output. C) a person is willing to accept a job at the going wage rate but cannot find one. D) a person enters the job market for the first time. […]

    121.Align Divisionis one of the divisions of DynaCore.Align’s invested capital is $420,000.Last year, AligngeneratedNOPAT of $64,260on sales of $756,000. Which one of the following correctly calculates Align Division’s return on investment using the two components of return on investment? A.$64,260 ÷ $756,000 B.11.76% × 0.56 C.$4,260 ÷ $756,000 D.8.5% × 1.80   122.Bottling Division of Fizzies Drink Companybottles soft drink produced by other […]

  21) Caroline’s hourly wage rate was reduced from $22 to $16. As a result of the wage decrease, Caroline desires to work more hours and take fewer hours of leisure. For Caroline A) the income effect must be zero. B) the substitution effect dominates the income effect. C) the income effect dominates the substitution effect. D) the substitution effect must equal the income effect. […]

    31) The quantity of real GDP supplied decreases if the price level ________ because it ________ profits. A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) None of the above answers is correct because the AS curve is vertical so that the quantity of real GDP supplied does not change when the price level changes. 32) If profits are […]

  11) Some of the advantages Netflix had over companies like Blockbuster and Wal-Mart in successfully competing in the mail order DVD rental business include all of the following except A) a quick turnaround of mailing out the customer’s next DVD once the previous one was returned. B) an extensive system of storefront operations where customers could rent DVDs in person. C) an efficient system […]

  41. Carlos bought a building for $113,000 in 2010. He built an addition to the building for $26,000. In 2014, he sold it for $186,000. What was his long-term capital gain? a. $0 b. $47,000 c. $73,000 d. $99,000 e. $186,000 42. An asset’s adjusted basis is computed as: a. Original basis + capital improvements – accumulated depreciation. b. Original basis – capital improvements + accumulated depreciation. c. Original basis + capital improvements + […]

  1) All of the following are HR responsibilities EXCEPT: A) monitoring the company’s HR decisions. B) rendering official legal opinions C) maintaining employment records D) implementing HR policies   2) HR legal environments are constantly changing. The court case that set the standard to place the burden of proof in employment discrimination on the company was: A) Wards Cove Packing vs. Antonio. B) Albemarle […]