Tag: Economics – Others

After the great shift in oil power in the 1970s, many of the industrialized countries developed energy policies with what aim?Group of answer choicesTo reduce dependence on imported oilTo increase oil importsTo increase taxes on imported oilTo pressure exporting countries to lower the price of oil
Choose one:
To reduce dependence on imported oil
To increase oil imports
To increase taxes on imported oil
To pressure exporting countries to lower the price of oil

Approximately $ million Americans are addicted to drugs and alcohol. The federal government estimates that these abuses cost the U.S. economy $300 billion in medical expenses and lost productivity. Despite the enormous potential market, many biotech companies …
What is the net present value of the project?

3A depreciation in the value of the U.S. dollar would:a. make U.S. goods more expensive to foreipn conmmern.b. make it more expensive for U.S. citiren to travel ahoalC. decrease the trimber of dollars it takes to buy a Swiss frenc.d. encourage foreigners to travel on American owned airlines.

Multiple Choice Question
What argument says that domestic firms and workers must be shielded from competition from countries where wages are low?
Increased domestic employment argument
Protect domestic worker argument
Cheap foreign labor argument
Smoot-Hawley tariff argument

Question 71 ptsThe Beveridge curve will shift downward (toward the origin) if:
Vacancies are increasingly concentrated in given sector of the economy.
Vacancies are increasingly concentrated in a geographlcal reglon.
Information about job vacancies improves.
Unemployment benefits become more generous.

Question 9List one example of systemic abuse from Patrick’s history.
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Question 571.7 ptsWhen are consumers are most likely to be price sensitive?
someone else pays the bill or shares the cost.
it is not easy to compare the prices of different goods.
they have mony substitude the price of the good is very low.

Which statement demonstrates the concept of uniqueness as it relates to money?
I can carry money with me.
I can break big bills down into ones.
Dollar bills last a long time.
The dollar bill cannot easily be copied or counterfeited.
The value of the dollar won’t change when I give it to a supplier.

The production possibilities frontier illustratesQuestion 6 options:the combinations of output that an economy should produce.the combinations of output that an economy should consume.the combinations of output that an economy can produce.the combinations of output that an economy wants to produce

If a perfectly competitive seller is producing at an output where the price is $8 and the marginal cost is $3.45, then to maximize profits, the firm should:
Continue producing at the current output
Produce a larger output
Not enough information is given to answer the question
Produce a smaller output