External link to Question : 101.ThepriceofaHondaAccord a.andthepriceofaHondaAccorddividedbythepriceofaHondaCivicarebothrealvariables. b.andthepriceofaHondaAccorddividedbythepriceofHondaCivicarebothnominalvariables. : 1262087

Question : 101.ThepriceofaHondaAccord a.andthepriceofaHondaAccorddividedbythepriceofaHondaCivicarebothrealvariables. b.andthepriceofaHondaAccorddividedbythepriceofHondaCivicarebothnominalvariables. : 1262087

  101.ThepriceofaHondaAccord a.andthepriceofaHondaAccorddividedbythepriceofaHondaCivicarebothrealvariables. b.andthepriceofaHondaAccorddividedbythepriceofHondaCivicarebothnominalvariables. c.isarealvariable,andthepriceofaHondaAccorddividedbyaHondaCivicisanominalvariable. d.isanominalvariableandthepriceofaHondaAccorddividedbythepriceofaHondaCivicisarealvariable. 102.Thepaymentsyoumakeonyourautomobileloanaregivenintermsofdollars.Aspricesriseyounoticeyougiveupfewergoodstomakeyourpayments. a.The dollaramount youpayis anominal value.Thenumberofgoodsyougiveupisarealvalue. b.Thedollaramountyoupayisarealvalue.The numberof goodsyougive upisa nominalvalue. c.Boththedollaramountyoupayandthegoodsyougiveuparenominalvalues. d.Boththedollaramountyoupayandthegoodsyougiveuparerealvalues. 103.Whenshoppingyounoticethatapairofjeanscosts$20andthatatee-shirtcosts$10.Youcomputethepriceofjeansrelativetotee-shirts. a.Thedollarpriceofjeansandtherelativepriceofjeansarebothnominalvariables. b.Thedollarpriceofjeansandtherelativepriceofjeansarebothrealvariables. c.Thedollarpriceofjeansisanominalvariable;therelativepriceofjeansisarealvariable. d.Thedollarpriceofjeansisarealvariable;therelativepriceofjeansisanominalvariable. 104.Anassociateprofessorofphysicsgetsa$200amonthraise.Shefiguresthatwithhernewmonthlysalaryshecanbuymoregoodsandservicesthanshecouldbuylastyear. a.Herrealandnominalsalaryhaverisen. b.Herrealandnominalsalaryhavefallen. c.Herrealsalaryhasrisenandhernominalsalaryhasfallen. d.Herrealsalaryhasfallenandhernominalsalaryhasrisen. 105.Anassistantmanageratarestaurantgetsa$100amonthraise.Hefiguresthatwithhisnewmonthlysalaryhecannotbuyasmanygoodsandservicesashecouldbuylastyear. a.Hisrealandnominalsalaryhaverisen. b.Hisrealandnominalsalaryhavefallen. c.Hisrealsalaryhasrisenandhisnominalsalaryhasfallen. d.Hisrealsalaryhasfallenandhisnominalsalaryhasrisen. 106.Yourbossgivesyouanincreaseinthenumberofdollarsyouearnperhour.Thisincreaseinpaymakes a.yournominalwageincrease.Ifyournominalwagerosebyagreaterpercentagethanthepricelevel,thenyourrealwagealsoincreased. b.yournominalwageincrease.Ifyournominalwagerosebyagreaterpercentagethanthepricelevel,thenyourrealwagedecreased. c.yourrealwageincrease.Ifyourrealwagerosebyagreaterpercentagethanthepricelevel,thenyournominalwagealsoincreased. d.yourrealwagedecrease.Ifyourrealwagerosebyagreaterpercentagethanthepricelevel,thenyournominalwagedecreased. 107.In1975tuitionatWattsomataUniversitywas$2,500andtheconsumerpriceindexwas80.In2011tuitionwas$12,000andthepriceindexwas320.Whichofthefollowingiscorrect? a.Nominalandrealtuitionwerebothhigherin1975. b.Nominalandrealtuitionwerebothhigherin2011. c.Nominal tuitionwashigherin1975,realtuitionwashigherin 2011. d.Nominal tuitionwashigherin2011,realtuitionwashigherin 1975. 108.Lastyear,Janespentallofherincometopurchase200unitsofcornat$5perunit.Thisyear,shespentallofherincometopurchase180unitsofcornat$6perunit. a.Jane’snominalincomeandrealincomedecreasedthisyear. b.Jane’snominalincomedecreasedthisyear,butherrealincomeincreased. c.Jane’snominalincomeandrealincomeincreasedthisyear. d.Jane’snominalincomeincreasedthisyear,butherrealincomedecreased. 109.Yournominalwageincreasesfrom$12perhourto$13perhour.Atthesametime,thepricelevelincreasesfrom140to147.Asaresult, a.Thenumberofdollarsyoureceiveincreasesandthepurchasingpowerofthedollarsyoureceiveincreases. b.Thenumberofdollarsyoureceiveincreasesandthepurchasingpowerofthedollarsyoureceivedecreases. c.Thenumberofdollarsyoureceivedecreasesandthepurchasingpowerofthedollarsyoureceiveincreases. d.Thenumberofdollarsyoureceivedecreasesandthepurchasingpowerofthedollarsyoureceivedecreases. 110.Lastyear,youearnedanominalwageof$10perhourandthepricelevelwas120.Thisyearyournominalwageis$11perhour,butyouareunabletopurchasethesameamountofgoodsaslastyear.Thepricelevelthisyearmustbe a.135 b.132 c.125 d.121    

External link to Question : 61) A fall in the real interest rate brings a A) : 1238005

Question : 61) A fall in the real interest rate brings a A) : 1238005

  61) A fall in the real interest rate brings a A) movement up along the supply of loanable funds curve. B) rightward shift of the supply of loanable funds curve. C) movement down along the supply of loanable funds curve. D) leftward shift of the supply of loanable funds curve. E) rightward shift of the demand for loanable funds curve. 62) If the real […]

External link to Question : 11. (p. 107) One’s own religion most often the best guide to another’s : 1242212

Question : 11. (p. 107) One’s own religion most often the best guide to another’s : 1242212

  11. (p. 107) One’s own religion is most often the best guide to another’s beliefs. One’s own religion is often not a reliable guide to another’s beliefs. Most people do not understand religions other than their own, and/or what is “known” about other religions is often incorrect. 12. (p. 108) According to the World Bank, no country with less than 50 percent literacy has succeeded economically. According to the World Bank, no […]

External link to Question : 149.In Zero Company’s income statement, they report actual gross profit : 1311908

Question : 149.In Zero Company’s income statement, they report actual gross profit : 1311908

  149.In Zero Company’s income statement, they report actual gross profit of $52,500 and the following variances: Materials price $   420F Materials quantity600F Labor price420U Labor quantity 1,000F Overhead900F Zero would report gross profit at standard of a.$46,660. b.$47,500. c.$55,000. d.$53,340.     150.The balanced scorecard a.incorporates financial and nonfinancial measures in an integrated system. b.is based on financial measures. c.is based on nonfinancial measures. […]

External link to Question : 1.Ownership will likely be diffused under which of the following : 1332129

Question : 1.Ownership will likely be diffused under which of the following : 1332129

  1.Ownership will likely be diffused under which of the following situations? a.A start up firm. b.Family owned firm. c.State ownership. d.All of the above. e.None of the above. 2.Issues involved regarding how a board of directors can be established so as to be most effective include: a.The insider/outsider mix. b.CEO duality. c.Board Interlocks. d.The Role of Boards of Directors. e.All of the above. 3.Boards […]

External link to Question : 118.Each pound of the raw material, ore, yields 5 units : 1302794

Question : 118.Each pound of the raw material, ore, yields 5 units : 1302794

  118.Each pound of the raw material, ore, yields 5 units of Beta and 15 units of Gamma. Ore costs $20 per pound. A pound of ore has processing costs (not including the cost of the raw material) of $30 at the split-off point. The selling price for a unit of Beta is $80. The selling price for a unit of Gamma is $40.If the […]

External link to Question : CHAPTER TEST QUESTIONS Objective Questions For each question, choose the best answer. Use : 1303766

Question : CHAPTER TEST QUESTIONS Objective Questions For each question, choose the best answer. Use : 1303766

CHAPTER TEST QUESTIONS   Objective Questions   For each question, choose the best answer.   Use the following information for questions 1 and 2.   Mark is a 35-year-old African-American male. He recently injured his back and is no longer able to work at the warehouse where he was employed. Mark’s co-worker, James, suggested to Mark that he might be eligible for disability benefits and […]

External link to Question : 221.AnincreaseinthepriceofIrishwhiskeyimportedintotheUnitedStateswillbereflectedin a.boththeU.S.GDPdeflatorandtheU.S.CPI. b.neithertheU.S.GDPdeflatornortheU.S.CPI. c.theU.S. : 1261698

Question : 221.AnincreaseinthepriceofIrishwhiskeyimportedintotheUnitedStateswillbereflectedin a.boththeU.S.GDPdeflatorandtheU.S.CPI. b.neithertheU.S.GDPdeflatornortheU.S.CPI. c.theU.S. : 1261698

  221.AnincreaseinthepriceofIrishwhiskeyimportedintotheUnitedStateswillbereflectedin a.boththeU.S.GDPdeflatorandtheU.S.CPI. b.neithertheU.S.GDPdeflatornortheU.S.CPI. c.theU.S.GDPdeflator,butnottheU.S.CPI. d.theU.S.CPI,butnottheU.S.GDPdeflator. 222.WhichisthemostaccuratestatementabouttheGDPdeflatorandtheconsumerpriceindex? a.TheGDPdeflatorcomparesthepriceofafixedbasketofgoodsandservicestothepriceofthebasketinthebaseyear,whereastheconsumerpriceindexcomparesthepriceofcurrentlyproducedgoodsandservicestothepriceofthesamegoodsandservicesinthebaseyear. b.Theconsumerpriceindexcomparesthepriceofafixedbasketofgoodsandservicestothepriceofthebasketinthebaseyear,whereastheGDPdeflatorcomparesthepriceofcurrentlyproducedgoodsandservicestothepriceofthesamegoodsandservicesinthebaseyear. c.BoththeGDPdeflatorandtheconsumerpriceindexcomparethepriceofafixedbasketofgoodsandservicestothepriceofthebasketinthebaseyear. d.BoththeGDPdeflatorandtheconsumerpriceindexcomparethepriceofcurrentlyproducedgoodsandservicestothepriceofthesamegoodsandservicesinthebaseyear. 223.TheconsumerpriceindexandtheGDPdeflatoraretwoalternativemeasuresoftheoverallpricelevel.Which ofthefollowingstatementsaboutthetwomeasuresiscorrect? a.TheCPIinvolvesabaseyear;theGDPdeflatordoesnotinvolveabaseyear. b.TheCPIcanbeusedtocomputetheinflationrate;theGDPdeflatorcannotbeusedtocomputetheinflationrate. c.TheCPIreflectsthepricesofgoodsandservicesproduceddomestically;theGDPdeflatorreflectsthepricesofallgoodsandservicesboughtbyconsumers. d.TheCPIreflectsafixedbasketofgoodsandservices;theGDPdeflatorreflectscurrentproductionofgoodsandservices. 224.Thebasketofgoodsintheconsumerpriceindexchanges a.occasionally,asdoesthegroupofgoodsusedtocomputetheGDPdeflator. b.automatically,asdoesthegroupofgoodsusedtocomputetheGDPdeflator. c.occasionally,whereasthegroupofgoodsusedtocomputetheGDPdeflatorchangesautomatically. d.automatically,whereasthegroupofgoodsusedtocomputetheGDPdeflatorchangesoccasionally. 225.In 1979and 1980, a.theU.S.inflationrateasmeasuredbytheGDPdeflatorwashigherthanthatmeasuredbytheCPI,andthedifferencewasexplainedbyrapidlyrisingpricesofgoodsexportedbytheU.S. b.theU.S.inflationrateasmeasuredbytheCPIwashigherthanthatmeasuredbytheGDPdeflator,andthedifferencewasexplainedbyrapidlyrisingpricesofgoodsexportedbytheU.S. c.theU.S.inflationrateasmeasuredbytheGDPdeflatorwashigherthanthatmeasuredbytheCPI,andthedifferencewasexplainedbyrapidlyrisingoilprices. d.theU.S.inflationrateasmeasuredbytheCPIwashigherthanthatmeasuredbytheGDPdeflator,andthedifferencewasexplainedbyrapidlyrisingoilprices. 226.Whichofthefollowingisthemostaccuratestatement? a.Inthe1970s,thelate1980s,1990s,and2000s,theGDPdeflatorandtheCPIbothshowedhighratesofinflation. b.Inthe1970s,boththeGDPdeflatorandtheconsumerpriceindexshowedhighratesofinflation,andinthelate1980s,1990s,and2000s,bothmeasuresshowedlowratesofinflation. c.Inthe1970s,boththeGDPdeflatorandtheconsumerpriceindexshowedlowratesofinflation,andinthelate1980s,1990s,and2000s,bothmeasuresshowedhighratesofinflation. d.Inthe1970s,thelate1980s,1990s,and2000s,theGDPdeflatorandtheCPIbothshowedlowratesofinflation. 227.Inadditiontotheconsumerpriceindex,theBureauofLaborStatisticsalsocalculatesthe a.macroeconomicpriceindex. b.producerpriceindex. c.rentalunitpriceindex. d.termsoftrade. 228.Pricechangesfromyeartoyeararenotproportional,andconsumersrespondtothesechangesbyalteringtheirspendingpatterns.Theproblemthiscreatesforinflationcalculationsiscalled a.deflation. b.inflation. c.unmeasuredqualitychange. d.substitutionbias. 229.OneofthedifferencesbetweentheGDPdeflatorandtheconsumerpriceindexis a.theGDPdeflatorincludesincomeearnedbyAmericancitizensworkinginforeigncountriesandtheconsumerpriceindexisbasedsolelyonpurchasesmadeintheU.S. b.theconsumerpriceindexbasketofgoodsisupdatedconstantlybytheBureauofLaborStatisticswhereastheGDPdeflatorisupdatedonlyoccasionally. c.theconsumerpriceindexincludesitemsnotincludedintheGDPdeflatorsuchasairplanespurchasedbytheAirForce. d.theGDPdeflatorreflectspricesforallgoodsandservicesproduceddomesticallyandtheconsumerpriceindexreflectspricesforsomegoodsandservicesboughtbyconsumers. 230.A2009Chevroletmodelhasmorehorsepowerthanthe2008versionandisincludedintheBLSbasketofgoods.BLSattemptstoaccountforthischangeinthemarketbasketby a.droppingthegoodfromthebasket. b.substitutinginadifferentvehiclewiththesamehorsepowerasthe2008model. c.adjustingtheshareofthemarketbasketallocatedtotransportation. d.adjustingthepriceofthegoodtoaccountforthequalitychange. 231.Whichofthefollowingstatementsiscorrect? a.Theconsumerpriceindexisameasureoftheoveralllevelofprices,whereastheGDPdeflatorisnotameasureoftheoveralllevelofprices. b.If,intheyear2011,theconsumerpriceindexhasavalueof123.50,thentheinflationratefor2011mustbe 23.50percent. c.ComparedtotheGDPdeflator,theconsumerpriceindexisthemorecommongaugeofinflation. d.TheconsumerpriceindexandtheGDPdeflatorreflectthegoodsandservicesboughtbyconsumersequallywell. 232.WhichofthefollowingstatementsregardingtheconsumerpriceindexandtheGDPdeflatoriscorrect? a.Thetwopricemeasuresarealwaysequal. b.Divergencebetweenthetwopricemeasuresistherule,nottheexception. c.Divergencebetweenthetwopricemeasuresistheexception,nottherule. d.Noneoftheaboveiscorrect. […]

External link to Question : 31) If the equilibrium wage in a competitive labour market : 1384171

Question : 31) If the equilibrium wage in a competitive labour market : 1384171

  31) If the equilibrium wage in a competitive labour market is $9 per hour, and the government raises the minimum wage from $7 to $8 per hour, what will be the effect in this market? A) the level of employment will decrease B) unemployment will increase C) unemployment will decrease D) there will be no effect on employment E) the average wage paid to […]

External link to Question : 121) Refer to Figure 9-5. If Firm X producing output : 1384232

Question : 121) Refer to Figure 9-5. If Firm X producing output : 1384232

  121) Refer to Figure 9-5. If Firm X is producing output Q1 and the market price is P1, A) there are profits to induce increases in output by Firm X, using its existing plant. B) there is no lower-cost scale of plant which could be built by Firm X. C) Firm X is producing at its minimum efficient scale. D) Firm X is at […]

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