Tag: Economics – Others

Select all that apply
When economic conditions in a country ◻ the supply of loanable funds will tend to q, in that country.
decline; increase
improve; increase
improve; decrease
decline; decrease

true or false According to the college station survey Traffic congestion and balancing the city budget are among the top 5 areas citizens believe should be College Station’s highest priority.

Which of the following are explicitly included in transaction cost economics?Group of answer choices
Bounded rationality and opportunism
Bargaining and procurement costs
Policing and search costs

What is one way that oligopolies and monopolies are different?
monopolies have a few firms
oligopolies are a single firm
maximum profits happen at P=MC for a monopoly
oligopolies have a few firms

When the income elasticity of demand coefficient is positive, the two goods in question are said to be
there is not enough information to determine
in consumption
unrelated
substitutes
complements

Which of the following trade restrictions is most likely to result in the greatest welfare loss for the importing country?
a.A voluntary export restraintb.VATc.An import quotad.A tariffe.Excise

Given that the US labor force increased from under 70 million to almost 160 million people during the period, which sector of the economy is providing most jobs to these people? (0.5 point)

Indicate whether the following change would cause a shift in the demand curve for product A and, if so, the direction of shift.
Change
Demand Curve Shift?
Direction of Shift
A decrease in the price of product A

Jon likes apples and he does not mind whether he consumes Fuji (F) or Empire (E). He only cares about the weight of each apple. Suppose each F weighs 100 grams and each E weighs 150 grams.

Question 2Which of the following allows a trial by jury in NC?
District Court
Court of Appeals
All of the Courts listed District, Supreme, Court of Appeals and Superior
Supreme Court
Superior Court