Tag: Economics – Others

Which of the following is an unconventional tool used by the Fed during recessions?
Higher interest rates
Spending on infrastructure
Quantitative easing
Open-market operations

The altruistic Newhouse model proposes that decision makers in nonprofit firms will choose preferred combinations of quality and quantity with the lowest cost.TrueFalse
True
False

An advantage of foreign direct investment (compared to foreign loans) is that management skill and technological knowledge often accompany such capital flows.TrueFalse
True
False

Which of the following is true with respect to the Production Possibilities Frontier (PPF)?
Correct Answer:
B. An advancement in technology would shift the PPF outward.

Multiple Choice 5 points
Economists assume that a monopoly behave as:
equity or fairness maximizers.
profit maximizers.
maximizers of equity among society.
cost maximizers.

The Michigan Model of voting behavior argues that people are most likely to vote based on which personal characteristic?
Partisanship
Incumbency
Income
Education

Which of the following does not lead to the CPI underestimating increases in prices?
a. The housing bias
b. The substitution bias
c. The quality bias
d. The new outlet bias

Which of the following is a characteristic of the ecological worldview?
Circular rather than linear economy
Belief in limits
Natural resource use
Focus on maximizing profit

Per capita income in the United States in 2020 was about
Option A $25,300 per person.
Option B $36,300 per person.
Option C $63,500 per person.
Option D $78,800 per person.

Question 13
Not yet answeredMarked out of 2.00
The magnitude of optical rotation increases with a decrease in the wavelength of light used in polarimetry.
Answer
True
False