External link to Question : 70) In the above figure, the movement from point a : 1240838

Question : 70) In the above figure, the movement from point a : 1240838

    70) In the above figure, the movement from point a to point b reflects A) a decrease in the price of pizza. B) an increase in the demand for pizza. C) an increase in the number of people who eat pizza. D) an increase in the price of the tomato sauce used to produce pizza. E) a decrease in the number of firms […]

External link to Question : 51) To achieve gains from trade, a country A) needs to : 1238357

Question : 51) To achieve gains from trade, a country A) needs to : 1238357

  51) To achieve gains from trade, a country A) needs to have an absolute advantage in the production of all goods. B) specializes in the producing a good in which it has a lower opportunity cost. C) must produce at a point beyond its PPF. D) should produce at the midpoint of its PPF. E) needs to have an absolute advantage in the production […]

External link to Question : 61) If the wage rate increases, a firm’s demand for : 1238915

Question : 61) If the wage rate increases, a firm’s demand for : 1238915

  61) If the wage rate increases, a firm’s demand for labor curve A) does not shift, and there is no movement along it. B) shifts leftward. C) shifts rightward only if the elasticity of demand for labor is elastic. D) does not shift, but there is a movement along it. E) shifts rightward only if the elasticity of demand for labor is inelastic. 62) […]

External link to Question : 81.              Which of the following a characteristic of an S : 1369847

Question : 81.              Which of the following a characteristic of an S : 1369847

  81.              Which of the following is a characteristic of an S Corporation? A)No taxation of income at the corporate level B)Responsibility of owners for the firm’s debt C)Unlimited liability D)Mutual agency 82.              Which of the following statements is true? A)Before the advent of a money economy, the double-entry accounting system was not feasible. B)Accounting systems developed in the 18th century because, by then, most […]

External link to Question : 31) When considering an entire industry, the marginal benefit of : 1384320

Question : 31) When considering an entire industry, the marginal benefit of : 1384320

    31) When considering an entire industry, the marginal benefit of reducing pollution is expected A) to rise as the level of pollution gets closer to zero. B) to remain constant for all levels of pollution control. C) to exceed the marginal cost of pollution abatement for all positive levels of pollution. D) to fall as the amount of pollution abatement rises. E) to […]

External link to Question :   21) Kevin owns a personal training gym in Laredo, : 1226317

Question :   21) Kevin owns a personal training gym in Laredo, : 1226317

        21) Kevin owns a personal training gym in Laredo, Texas. He charges $41 per session. The above table shows the marginal product of trainers in Kevin’s gym. If Kevin hires one trainer, the value of marginal product of this trainer equals A) 4 clients. B) $164. C) $410. D) $41. E) None of the above answers is correct.   22) Kevin […]

External link to Question : 71) Stagflation defined as a period when real GDP ________ : 1240531

Question : 71) Stagflation defined as a period when real GDP ________ : 1240531

  71) Stagflation is defined as a period when real GDP ________ and the price level ________. A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) is constant; rises rapidly   72) A combination of declining real GDP and rising price level is referred to as A) an expansion. B) a trough. C) stagflation. D) deflation. E) a depression. 73) Reasons […]

External link to Question : 21) A recession runs from the A) peak of the business : 1240849

Question : 21) A recession runs from the A) peak of the business : 1240849

  21) A recession runs from the A) peak of the business cycle to its trough. B) peak of the business cycle to a recovery. C) expansion of a business cycle to its peak. D) trough of a business cycle to its peak. E) trough of a business cycle to its expansion.   22) The U.S. economy is experiencing falling output, falling employment, falling incomes […]

External link to Question : 71) A rightward shift in the economy’s AS curve implies : 1384398

Question : 71) A rightward shift in the economy’s AS curve implies : 1384398

    71) A rightward shift in the economy’s AS curve implies that A) at any given price level, a lower level of output will be supplied. B) at any given price level, a higher level of output will be supplied. C) there is a decrease in aggregate supply. D) there is a demand shock. E) the same output will be produced, but only at […]

External link to Question : 31.Which of the following statements concerning the boiling points of : 1309641

Question : 31.Which of the following statements concerning the boiling points of : 1309641

    31.Which of the following statements concerning the boiling points of specific alkanes is correct? a.Hexane has a higher boiling point than heptane. b.Pentane has a higher boiling point than 2-methylpentane. c.Butane has a higher boiling point than cyclobutane. d.More than one correct response. e.No correct response.       32.For which of the following alkanes are the products of complete combustion CO2 and […]

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