Tag: Economics – Others

Which type of stockholders usually has the right to vote and elect the board ofdirectors?
a preferred stockholder
a common stockholder
a capital stockholder
a perpetual stockholder
a proxy stockholder

What is the opportunity cost of mowing 1 additional lawn when the economy mows39 lawns and washes 2 cars:(a) zero opportunity cost(b) washing 2 cars(c) washing 0.5 cars(d) washing 1 car

Total surplus represents all of the below exceptQuestion 27 options:Value to consumers minus cost to suppliersSociety’s well-beingConsumer Surplus plus Producer Surplus Benefit to only consumers
Value to consumers minus cost to suppliers
Society’s well-being
Consumer Surplus plus Producer Surplus
Benefit to only consumers

Question 8 of 15
Factors of production include all of the following EXCEPT
money
a corn field in need of irrigation
tractors used to plow corn fields
expertise obtained while studying at a university

The demand curve shows the relationship betweenQuestion 8 options:
money income and quantity demanded.
price and production costs.
price and quantity demanded.
consumer tastes and quantity demanded.

Question 6If the price of product L increases, the demand curve for close-substitute product Jwillremain unchanged.shift downward toward the horizontal axis.shift to the left.shift to the right.

The market for grapefruit in Oxford, Ohio is given by the following supply and demand equations:
P = 6Q + 2
P = 92 – 3Q
a) Which of the above do you think represents the demand for grapefruit in Oxf

An institution can be best defined as
a religious organization
an ongoing organization that performs certain functions for society
any organized group
a democratic government
part of an interest group

A person should consume more of something when its marginal
cost equals its marginal benefit.
cost exceeds its marginal benefit.
benefit is positive.
benefit exceeds its marginal cost.

International Development Association’s purpose is to loan to
developing nations needing capital.
the poorest nations.
any nation with collateral.
developed nations for use in trade stimulus efforts.