Homework Answers
1. Computation of GDP by the expenditure method would include the purchase of land by the U.S department of interior. Hence,option(A) is correct.
2. Real domestic product will increase if the level of output increases. Hence,option(A) is correct.
3. The Great recession of 2007-2009 illustrates the situation where a negative demand shock occurred and the economy's overall price level was "sticky ". Hence,option(C) is correct.
4. Unemployment describes a condition where a person cannot get a job but is willing to work and is actively seeking work. Hence,option(C) is correct.
5. The figure depicts a situation where prices are flexible and output is constant. Hence,option(B) is correct.
Add Answer to:
Computation of GOP by the expenditures method would include the purchase of Multiple Choice land by...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple Choice domestically produced goods and services only. exported goods and services. domestically produced as well as imported goods and services the private sector of the economy only. <Prev 14 of 50 Ned> 000 FA @ $ A & 3 4 5 E R T Y U O CO Value added by a firm is the market value of the firm's output minus the Multiple...
Elure A Figure Q, Q, Quantity Q, Quantity Refer to the figures. Which of the following...
Elure A Figure Q, Q, Quantity Q, Quantity Refer to the figures. Which of the following events would most likely result in inflation? Multiple Choice O C) a shift from D2 to Din Figure A O U a shift from D2 to D3 in Figure B O a shift from D2 to Din Figure B Prev 1 of 50 Next > * að n 00 In situations of sticky prices and negative demand shocks, we would expect firms to Multiple...
Quantity Refer to the diagram. Assuming equilibrium price Pl, producer surplus is represented by areas Multiple...
Quantity Refer to the diagram. Assuming equilibrium price Pl, producer surplus is represented by areas Multiple Choice O + 0 ab 0 a+c < Prev 39 of 50 !! Next > Product Minimum Actual Price Acceptable (Equilibrium Price Price) $6 $13 13 Refer to the provided table. If the equilibrium price increases, then the Multiple Choice C ) producer surplus will increase o O allocative efficiency will increase o producer surplus will decrease < Prev 38 of 50 !! Next...
Which of the following is a normative economic statement? Multiple Choice C) The government needs to...
Which of the following is a normative economic statement? Multiple Choice C) The government needs to revamp the Social Security program to make it sustainable O Health care accounts for roughly a third of total spending in the economy O Retail sales are expected to continue on their downward trend in the next three quarters, ( The poverty rate hit a new high last year and income distribution also worsened. < Prev 10 of 50 Naxt > Another way of...
Policies that make it more difficult to fire an employee likely lead to: Multiple Choice 0...
Policies that make it more difficult to fire an employee likely lead to: Multiple Choice 0 less unemployment, because everyone will value their job more. 0 greater unemployment, because employees will quit more often. 0 less unemployment, because employers will not be able to fire as many people. 0 greater unemployment, because employers will be more hesitant to hire someone. Growth accounting is seen a useful way to estimate this inputs contribution to growth: Multiple Choice labor. land. technology physical...
Which of the following factors is a 'demand shifter for new houses? Multiple Choice O wages...
Which of the following factors is a 'demand shifter for new houses? Multiple Choice O wages for construction workers C) the interest rates on mortgage loans C) the price of new houses C) the price of lumber < Prev 27 of 50 ! Nery > In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by Multiple Choice C ) consumers expecting donut prices to fall. C ) an increase...
The "too big to fall" policy of the Fed, whereby some banks are bailed out if...
The "too big to fall" policy of the Fed, whereby some banks are bailed out if they are in danger of falling because they are too big and could bring the system down, leads to which of the following problems? Multiple Choice 0 adverse selection 0 O public goods externalities 0 moral hazard 0 < Prev 33 of 50 Neng > Pigovian taxes Multiple Choice are used to correct negative externalities. are a form of income tax. oo are primarily...
please i need answers to these questions thank you Which of the following is characteristic of...
please i need answers to these questions thank you
Which of the following is characteristic of a perfectly competitive market? Multiple Choice O Differentiated products. 0 O Price below marginal revenue 0 O Significant barriers to entry 0 ( A large number of firms. 0 Which of the following is not a characteristic of a perfectly competitive market? Multiple Choice High barriers to entry. о Zero economic profit in the long run. о Perfect information c ) Homogeneous products од...
If the Consumer Price Index was 170 in one year and 180 in the next year, then the rate of inflation was approx...
If the Consumer Price Index was 170 in one year and 180 in the next year, then the rate of inflation was approximately Multiple Choice O 5.9 percent 7.2 percent O 0 5.5 percent O O 6.3 percent < Prev 35 of 50 !! Next > Walte unit you sig ingin Which of the following measures the changes in the prices of a 'market basket of some 300 goods and services purchased by typical urban consumers? Multiple Choice O the...
Sived If sales volume increases and all other factors remain constant, then the Multiple Choice 50:39...
Sived If sales volume increases and all other factors remain constant, then the Multiple Choice 50:39 margin of safety will increase. О O break-even point will decrease. O net operating income will decrease. contribution margin ratio will increase. Saved In a job-order costing system, which of the following events would trigger recording data on a job Multiple Choice 50:19 none of the choices the payment of fire insurance on the factory building the payment for product advertising the purchase of...
In the expenditures approach of national income accounting, C, Ig and G include expenditures for Multiple Choice domestically produced goods and services only. exported goods and services. domestically produced as well as imported goods and services the private sector of the economy only. <Prev 14 of 50 Ned> 000 FA @ $ A & 3 4 5 E R T Y U O CO Value added by a firm is the market value of the firm's output minus the Multiple...
Elure A Figure Q, Q, Quantity Q, Quantity Refer to the figures. Which of the following events would most likely result in inflation? Multiple Choice O C) a shift from D2 to Din Figure A O U a shift from D2 to D3 in Figure B O a shift from D2 to Din Figure B Prev 1 of 50 Next > * að n 00 In situations of sticky prices and negative demand shocks, we would expect firms to Multiple...
Quantity Refer to the diagram. Assuming equilibrium price Pl, producer surplus is represented by areas Multiple Choice O + 0 ab 0 a+c < Prev 39 of 50 !! Next > Product Minimum Actual Price Acceptable (Equilibrium Price Price) $6 $13 13 Refer to the provided table. If the equilibrium price increases, then the Multiple Choice C ) producer surplus will increase o O allocative efficiency will increase o producer surplus will decrease < Prev 38 of 50 !! Next...
Which of the following is a normative economic statement? Multiple Choice C) The government needs to revamp the Social Security program to make it sustainable O Health care accounts for roughly a third of total spending in the economy O Retail sales are expected to continue on their downward trend in the next three quarters, ( The poverty rate hit a new high last year and income distribution also worsened. < Prev 10 of 50 Naxt > Another way of...
Policies that make it more difficult to fire an employee likely lead to: Multiple Choice 0 less unemployment, because everyone will value their job more. 0 greater unemployment, because employees will quit more often. 0 less unemployment, because employers will not be able to fire as many people. 0 greater unemployment, because employers will be more hesitant to hire someone. Growth accounting is seen a useful way to estimate this inputs contribution to growth: Multiple Choice labor. land. technology physical...
Which of the following factors is a 'demand shifter for new houses? Multiple Choice O wages for construction workers C) the interest rates on mortgage loans C) the price of new houses C) the price of lumber < Prev 27 of 50 ! Nery > In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by Multiple Choice C ) consumers expecting donut prices to fall. C ) an increase...
The "too big to fall" policy of the Fed, whereby some banks are bailed out if they are in danger of falling because they are too big and could bring the system down, leads to which of the following problems? Multiple Choice 0 adverse selection 0 O public goods externalities 0 moral hazard 0 < Prev 33 of 50 Neng > Pigovian taxes Multiple Choice are used to correct negative externalities. are a form of income tax. oo are primarily...
please i need answers to these questions thank you
Which of the following is characteristic of a perfectly competitive market? Multiple Choice O Differentiated products. 0 O Price below marginal revenue 0 O Significant barriers to entry 0 ( A large number of firms. 0 Which of the following is not a characteristic of a perfectly competitive market? Multiple Choice High barriers to entry. о Zero economic profit in the long run. о Perfect information c ) Homogeneous products од...
If the Consumer Price Index was 170 in one year and 180 in the next year, then the rate of inflation was approximately Multiple Choice O 5.9 percent 7.2 percent O 0 5.5 percent O O 6.3 percent < Prev 35 of 50 !! Next > Walte unit you sig ingin Which of the following measures the changes in the prices of a 'market basket of some 300 goods and services purchased by typical urban consumers? Multiple Choice O the...
Sived If sales volume increases and all other factors remain constant, then the Multiple Choice 50:39 margin of safety will increase. О O break-even point will decrease. O net operating income will decrease. contribution margin ratio will increase. Saved In a job-order costing system, which of the following events would trigger recording data on a job Multiple Choice 50:19 none of the choices the payment of fire insurance on the factory building the payment for product advertising the purchase of...
Most questions answered within 3 hours.
-
In 2017, Juan entered into a contract to write a book. The
publisher advanced Juan $50,000,...
asked 12 minutes ago -
Determine the number of kinds of protons in each molecule (w/
respect to NMR spectroscopy). Drawing...
asked 22 minutes ago -
A jeweler whose near point is 68 cm from his eye uses a
magnifying glass as...
asked 20 minutes ago -
A company wants to determine how many units of each of two
products, A and B,...
asked 24 minutes ago -
The blood pressure of a person changes throughout the day.
Suppose the systolic blood pressure of...
asked 33 minutes ago -
A chemistry student desired to study sulfur. Sulfur exhibited
the following characteristics with oxygen:
(a) It...
asked 28 minutes ago -
An Atwood machine is constructed of a solid-disk frictionless
pulley of mass m3 and radius R....
asked 30 minutes ago -
what are the advantages of lanthanum hexaboride over tungsten
filament for electron emission
what is the...
asked 32 minutes ago -
Question 5
Your uncle offers to sell you his vintage Rolls Royce. He
suggests a payment...
asked 37 minutes ago -
Quality grading of beef products as Prime, Choice, Select. What
type of data?
A) ratio
B)...
asked 46 minutes ago -
For the following unbalanced reaction at 0.800
atm and 34.5°C:
MoS2(s) + O2(g) → MoO3(s) +...
asked 53 minutes ago -
When 12 mL of 0.2 M NaOH is added to 25 mL of 0.15 M HCl,...
asked 58 minutes ago