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External link to Question : Multiple Choice 1. The ability to view yourself and see your : 1353067
Economics

Question : Multiple Choice 1. The ability to view yourself and see your : 1353067

Multiple Choice 1. The ability to view yourself and see your actions and thoughts from an outsider’s perspective is called _________. A. monitoring B. internalization C. self-as-object D. ego boundaries E. gender constancy 2.  Which of the following is true, according to psychodynamic theory? A.  Children of both sexes usually form their first identification with an adult woman. B.  Boys identify more closely with their […]

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Economics

Question : 102) The figure above shows the market for the chemical : 1226025

    102) The figure above shows the market for the chemical hydrogen sulfide, the production of which creates an external cost. If the government assesses the marginal external cost correctly, what is the amount of the pollution tax that eliminates the inefficiency? A) $2 per pound B) $3 per pound C) $4 per pound D) $1 per pound. E) None of the above answers […]

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Question : 41) If aggregate planned expenditures less than real GDP, then A) : 1238151

  41) If aggregate planned expenditures are less than real GDP, then A) inventories increase above their planned levels and businesses decrease their production. B) inventories decrease below their planned levels and businesses increase their production. C) there is no equilibrium level of real GDP. D) inventories increase above their planned levels and businesses increase their production. E) unplanned inventory changes equal zero. 42) When […]

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Question : 41. Aunt Lucy’s Candies sells standard and premium chocolate candies through : 1295582

    41. Aunt Lucy’s Candies sells standard and premium chocolate candies through its catalog business. Many of the candies are sold in bulk to other companies. Last year, the company incurred $300,000 in overhead costs. After implementing activity-based costing (ABC), the company’s controller identified the following information:  Activity Allocation Base Proportion of Overhead Cost Purchasing Number of purchase orders 30% Processing Number of units 50% […]

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Question : 25.4   Comparison of the Two New Models with the Traditional : 1373947

  25.4   Comparison of the Two New Models with the Traditional Model   1) An anticipated increase in the money supply has no effect on aggregate output in the ________ model. A) new Keynesian B) Keynesian C) new classical D) traditional   2) An anticipated increase in the money supply increases short-run real output by the largest amount in A) the traditional model. B) the […]

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Question : 5.2   Measuring U.S. GDP 1) In order to measure gross domestic : 1228237

  5.2   Measuring U.S. GDP   1) In order to measure gross domestic product, we can follow A) only one approach: the circular flow approach. B) only one approach: the national accounts approach. C) two approaches: the expenditure approach and the income approach. D) three approaches: the expenditure approach, the income approach, and the production approach. E) three approaches: the expenditure approach, the income approach, […]

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Economics

Question : 1) Formal or informal relationships between people in an organization : 1346176

  1) Formal or informal relationships between people in an organization are known by which term? A) Work flow group B) Organizational culture C) Management team D) Organizational structure   2) The choice of a prospector strategy for a business would be most appropriate when a firm: A) operates in an uncertain business environment. B) functions in a relatively stable business environment. C) sells products […]

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Economics

Question : 1.2   The Economic Problem That Every Society Must Solve 1) Trade-offs : 1388086

    1.2   The Economic Problem That Every Society Must Solve   1) Trade-offs force society to make choices when answering what three fundamental questions? A) What will be the prices of goods and services; how will these goods and services be produced; and who will receive them? B) What goods and services to produce; how will these goods and services be produced; and who […]

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Question : 4.1   Demand 1) A market defined as A) a physical place where : 1240798

    4.1   Demand   1) A market is defined as A) a physical place where people buy only goods. B) a physical place where people buy both goods and services. C) a store where people buy physical goods. D) any arrangement that brings buyers and sellers together. E) a place where one good is bartered for another.   2) EBay A) will be considered […]

External link to Question : 101.Whichofthefollowingstatementsiscorrectaboutamarketinwhichpollutionisemitted? a.Bothcorrectivetaxesandpollutionpermitsinternalizetheexternalityofpollution. b.Correctivetaxesinternalizet : 1261400
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Question : 101.Whichofthefollowingstatementsiscorrectaboutamarketinwhichpollutionisemitted? a.Bothcorrectivetaxesandpollutionpermitsinternalizetheexternalityofpollution. b.Correctivetaxesinternalizet : 1261400

  101.Whichofthefollowingstatementsiscorrectaboutamarketinwhichpollutionisemitted? a.Bothcorrectivetaxesandpollutionpermitsinternalizetheexternalityofpollution. b.Correctivetaxesinternalizetheexternalityofpollution,butpollutionpermitsdonotinternalizethatexternality. c.Correctivetaxesfailtointernalizetheexternalityofpollution,butcorrectivetaxesinternalizethatexternality. d.Neithercorrectivetaxesnorpollutionpermitsinternalizetheexternalityofpollution. 102.Whichofthefollowingstatementsiscorrectaboutamarketinwhichpollutionisemitted? a.Bothcorrectivetaxesandpollutionpermitsmovethemarkettowardthesocialoptimum. b.Correctivetaxesmovethemarkettowardthesocialoptimum,butpollutionpermitsdonotmovethemarkettowardthesocialoptimum. c.Pollutionpermitsmovethemarkettowardthesocialoptimum,butcorrectivetaxesdonotmovethemarkettowardthesocialoptimum. d.Neithercorrectivetaxesnorpollutionpermitsmovethemarkettowardthesocialoptimum. Figure10-19   103.RefertoFigure10-19.Whichofthefollowingquantitiesdecreasesasthequantityofthegoodisincreased? a.theprivatecostofthegood b.thesocialcostofthegood c.theprivatevalueofthegood d.theexternalbenefitofthegood 104.RefertoFigure10-19.Eachadditionalunitofthegoodthatisproducedyieldsanexternal a.benefitof$15. b.benefitof$36. c.costof$15. d.costof$36. 105.RefertoFigure10-19.Eachadditionalunitofthegoodthatisproducedyieldsanexternalbenefitof a.$15. b.$23. c.$36. d.$89. 106.RefertoFigure10-19.Notethatthelineslabeled“Demand”and“SocialValue”areparallel.Also,theslopesofthelinesonthegraphreflectthefollowingfacts:(1)Privatevalueandsocialvaluedecreaseby$1.00witheachadditionalunitofthegoodthatisconsumed,and(2)privatecostincreasesby$1.40witheachadditionalunitofthegoodthatisproduced.Thus,whenthe59thunitofthegoodisproducedandconsumed,socialwell-beingincreasesby a.$28.00. b.$31.40. c.$33.60. d.$36.00. 107.RefertoFigure10-19.Notethatthelineslabeled“Demand”and“SocialValue”areparallel.Also,theslopesofthelinesonthegraphreflectthefollowingfacts:(1)Privatevalueandsocialvaluedecreaseby$1.00witheachadditionalunitofthegoodthatisconsumed,and(2)privatecostincreasesby$1.40witheachadditionalunitofthegoodthatisproduced.Thus,whenthe74thunitofthegoodisproducedandconsumed,socialwell-being a.decreasesby$2.40. b.decreasesby$1.60. c.increasesby$1.00. d.increasesby$1.40. 108.RefertoFigure10-19.Thesociallyoptimalquantityofoutputis a.58units. b.73units. c.between73and94units. d.94units. 109.RefertoFigure10-19.Howmanyunitsofthegoodareproducedinamarketequilibrium? a.fewerthan58 b.58 c.73 d.94 110.RefertoFigure10-19.Thesocialoptimumcanbereachedif a.asubsidyof$36isappliedtoeachunitofthegood. b.asubsidyof$23isappliedtoeachunitofthegood. c.ataxof$23isappliedtoeachunitofthegood. d.ataxof$15isappliedtoeachunitofthegood. 111.Thegasolinetax a.issimilartomostothertaxesinthatitcausesdeadweightlosses. b.producestheunfortunateside-effectofmakingtheroadsmoredangerous. c.canbeviewedasacorrectivetaxaimedatmultiplenegativeexternalitiesassociatedwithdriving. d.canbeviewedasacommand-and-controlpolicyaimedatdiscouragingpeoplefromdriving. 112.Toeconomists,goodenvironmentalpolicybeginsbyacknowledgingoneoftheTenPrinciplesofEconomics: a.Tradecanmakeeveryonebetteroff. b.Peoplefacetrade-offs. c.Marketsareusuallyagoodwaytoorganizeeconomicactivity. d.Acountry’sstandardoflivingdependsonitsabilitytoproducegoodsandservices. 113.Ifanobjectiveofpublicpolicyistoallocatepollutiontothosefactoriesthatfacethehighestcostofreducingit,thenthatobjectivecouldbeachievedby a.acorrectivetax,butnotbyregulation. […]

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July 1, 2023
    

 

 

 

21) The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a ________ and country B had a ________.

A) budget deficit; budget deficit

B) balanced budge; budget surplus

C) balanced budget; budget deficit

D) budget surplus; budget surplus

E) budget surplus; balanced budget

22) The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2010 country A had a ________ and country B had a ________.

A) budget deficit; budget deficit

B) budget deficit; budget surplus

C) balanced budget; budget deficit

D) budget surplus; budget surplus

E) budget surplus; budget deficit

23) The national debt is the amount

A) by which government tax revenue exceed outlays in a given year.

B) of debt outstanding that arises from past budget deficits.

C) by which government outlays exceed tax revenue in a given year.

D) of government outlays summed over time.

E) of all future entitlement spending.

24) The national debt is

A) tax revenue minus government outlays.

B) government outlays minus tax revenue.

C) the amount borrowed by the government to finance past budget deficits.

D) the amount lent by the government of past budget surpluses.

E) the excess of this year's budget surplus minus this year's budget deficit.

25) When the government's outlays equal its tax revenue, the budget

A) has a deficit and the national debt is increasing.

B) is balanced and the national debt is not changing.

C) has a surplus and the national debt is increasing.

D) has a deficit and the national debt is decreasing.

E) has a surplus and the national debt is decreasing.

26) When the government's outlays exceed its tax revenues, the national debt

A) shrinks thanks to the budget surplus.

B) grows to finance the budget deficit.

C) shrinks thanks to the budget deficit.

D) grows to finance the budget surplus.

E) does not change because it has nothing to do with government outlays and tax revenue.

27) The national debt can only be reduced if

A) the federal budget is in deficit.

B) the federal budget is in surplus.

C) there are no tax multiplier effects.

D) the economy has a deflationary gap.

E) the economy has an inflationary gap.

28) If tax revenues are $230 billion and the government's outlays are $235 billion, then the budget

A) deficit is $5 billion and government debt will remain the same.

B) surplus is $5 billion and government debt will increase by $5 billion.

C) deficit is $5 billion and government debt will increase by $5 billion.

D) deficit is $5 billion and government debt will decrease by $5 billion.

E) surplus is $230 billion and the budget deficit is $235 billion.

29) What two parts of the government determine the federal budget?

A) the Federal Reserve and the FOMC

B) the President and the Federal Reserve

C) the Congress and the Federal Reserve

D) the Congress and the President

E) the U.S. Treasury and the Federal Reserve

30) The federal budget is decided upon by the

A) President of the United States and the Federal Reserve system.

B) President of the United States and the United States Treasury.

C) President of the United States and the United States Congress.

D) United States Congress and the Federal Reserve System.

E) the United States Treasury alone.

 

 

default image
July 1, 2023
    

 

 

 

21) The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a ________ and country B had a ________.

A) budget deficit; budget deficit

B) balanced budge; budget surplus

C) balanced budget; budget deficit

D) budget surplus; budget surplus

E) budget surplus; balanced budget

22) The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2010 country A had a ________ and country B had a ________.

A) budget deficit; budget deficit

B) budget deficit; budget surplus

C) balanced budget; budget deficit

D) budget surplus; budget surplus

E) budget surplus; budget deficit

23) The national debt is the amount

A) by which government tax revenue exceed outlays in a given year.

B) of debt outstanding that arises from past budget deficits.

C) by which government outlays exceed tax revenue in a given year.

D) of government outlays summed over time.

E) of all future entitlement spending.

24) The national debt is

A) tax revenue minus government outlays.

B) government outlays minus tax revenue.

C) the amount borrowed by the government to finance past budget deficits.

D) the amount lent by the government of past budget surpluses.

E) the excess of this year's budget surplus minus this year's budget deficit.

25) When the government's outlays equal its tax revenue, the budget

A) has a deficit and the national debt is increasing.

B) is balanced and the national debt is not changing.

C) has a surplus and the national debt is increasing.

D) has a deficit and the national debt is decreasing.

E) has a surplus and the national debt is decreasing.

26) When the government's outlays exceed its tax revenues, the national debt

A) shrinks thanks to the budget surplus.

B) grows to finance the budget deficit.

C) shrinks thanks to the budget deficit.

D) grows to finance the budget surplus.

E) does not change because it has nothing to do with government outlays and tax revenue.

27) The national debt can only be reduced if

A) the federal budget is in deficit.

B) the federal budget is in surplus.

C) there are no tax multiplier effects.

D) the economy has a deflationary gap.

E) the economy has an inflationary gap.

28) If tax revenues are $230 billion and the government's outlays are $235 billion, then the budget

A) deficit is $5 billion and government debt will remain the same.

B) surplus is $5 billion and government debt will increase by $5 billion.

C) deficit is $5 billion and government debt will increase by $5 billion.

D) deficit is $5 billion and government debt will decrease by $5 billion.

E) surplus is $230 billion and the budget deficit is $235 billion.

29) What two parts of the government determine the federal budget?

A) the Federal Reserve and the FOMC

B) the President and the Federal Reserve

C) the Congress and the Federal Reserve

D) the Congress and the President

E) the U.S. Treasury and the Federal Reserve

30) The federal budget is decided upon by the

A) President of the United States and the Federal Reserve system.

B) President of the United States and the United States Treasury.

C) President of the United States and the United States Congress.

D) United States Congress and the Federal Reserve System.

E) the United States Treasury alone.

 

 

default image
July 1, 2023
    

 

 

 

21) The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a ________ and country B had a ________.

A) budget deficit; budget deficit

B) balanced budge; budget surplus

C) balanced budget; budget deficit

D) budget surplus; budget surplus

E) budget surplus; balanced budget

22) The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2010 country A had a ________ and country B had a ________.

A) budget deficit; budget deficit

B) budget deficit; budget surplus

C) balanced budget; budget deficit

D) budget surplus; budget surplus

E) budget surplus; budget deficit

23) The national debt is the amount

A) by which government tax revenue exceed outlays in a given year.

B) of debt outstanding that arises from past budget deficits.

C) by which government outlays exceed tax revenue in a given year.

D) of government outlays summed over time.

E) of all future entitlement spending.

24) The national debt is

A) tax revenue minus government outlays.

B) government outlays minus tax revenue.

C) the amount borrowed by the government to finance past budget deficits.

D) the amount lent by the government of past budget surpluses.

E) the excess of this year's budget surplus minus this year's budget deficit.

25) When the government's outlays equal its tax revenue, the budget

A) has a deficit and the national debt is increasing.

B) is balanced and the national debt is not changing.

C) has a surplus and the national debt is increasing.

D) has a deficit and the national debt is decreasing.

E) has a surplus and the national debt is decreasing.

26) When the government's outlays exceed its tax revenues, the national debt

A) shrinks thanks to the budget surplus.

B) grows to finance the budget deficit.

C) shrinks thanks to the budget deficit.

D) grows to finance the budget surplus.

E) does not change because it has nothing to do with government outlays and tax revenue.

27) The national debt can only be reduced if

A) the federal budget is in deficit.

B) the federal budget is in surplus.

C) there are no tax multiplier effects.

D) the economy has a deflationary gap.

E) the economy has an inflationary gap.

28) If tax revenues are $230 billion and the government's outlays are $235 billion, then the budget

A) deficit is $5 billion and government debt will remain the same.

B) surplus is $5 billion and government debt will increase by $5 billion.

C) deficit is $5 billion and government debt will increase by $5 billion.

D) deficit is $5 billion and government debt will decrease by $5 billion.

E) surplus is $230 billion and the budget deficit is $235 billion.

29) What two parts of the government determine the federal budget?

A) the Federal Reserve and the FOMC

B) the President and the Federal Reserve

C) the Congress and the Federal Reserve

D) the Congress and the President

E) the U.S. Treasury and the Federal Reserve

30) The federal budget is decided upon by the

A) President of the United States and the Federal Reserve system.

B) President of the United States and the United States Treasury.

C) President of the United States and the United States Congress.

D) United States Congress and the Federal Reserve System.

E) the United States Treasury alone.

 

 

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