Tag: Economics – Others

at toys r us, a website design company, the new manager has decided to increase the orice of toys r us services by 45%. she estimates the the price elasticity for demand for toys r us is -0.70

Question 33 (2 points)
The current primary function of the Railroad Commission of Texas is:
Tax collection
Supervise Texas oil and gas industry
Regulation of the Texas railroads
Set policy for TxDOT

Integration of business economics and strategic planning has given rise to a ne area of study called.a. Moro Economics ,b. Corporate Eonnomics ,c. Macro Eoonomics ,d. Managerial Economics

How does the Supreme Court check the power of Congress?
the chief justice must agree to proposed constitutional amendments
impeachment of House members and senators
budgetary control
judicial review

Based on your answer above, what has happened to the equilibrium price and quantity soldof new cars?Price has increasedPrice has decreasedNo change in the equilibrium priceNot enough information

If the equilibrium price is $10, but the price a firm charges is $12, then there will be upward pressure on the price since the charged price is higher than the equilibrium price.

The main reason why you cannot have everything you want is that:
Taxes are too high
Marginal benefits are always greater than marginal costs
Resources are limited
Opportunity costs are equal to zero

Question 7 (1 point)
Gross private domestic investment does not include:spending for new houses.spending to build up inventories.unintentional inventory investment.spending on employee salaries.

To alleviate the mischiefs of faction, government should
encourage people to have similar perspectives
have only the best statesmen
limit liberty
try to limit the effects of factions
worry about fire

The _____ is amount by which actual output in the short run exceeds the economy’s potential output.
Question 7 options:
natural rate of employment
expansionary gap
aggregate demand
aggregate supply