Homework Answers
Positive, underinvest
Because social marginal benefit of ideas and inventions is greater than private benefit people tend to under invest in ideas and inventions.
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Select the answer choice that correctly fills in both blanks in order. Because of externalities in...
QUESTION 5 Research and development has positive externalities because it leads to profit for the developers...
QUESTION 5 Research and development has positive externalities because it leads to profit for the developers the new ideas have "spillover" effects for those not involved in the initial R&D because the new ideas can be used to develop other new ideas and applications by others it positively affects those involved in the R&D it is a pure free-market outcome QUESTION 6 The Federal Trade Commission (FTC) reviews all mergers and acquisitions valued at $90 million or more in order...
Which of the following can create monopolies? Instructions: You may select more than one answer. Click...
Which of the following can create monopolies? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. ? Scarce resources ? Government intervention 7 Economies of scale ? Aggressive business tactics Governments create monopolies through intellectual property rights such as patents and copyrights because: Othey want firms to make profits. they do not understand the losses due to monopoly. they do not...
1. 2. 3. 4. 5. According to the neoclassical model, a contractionary monetary policy will Select...
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According to the neoclassical model, a contractionary monetary policy will Select the correct answer below: O only lower the price level O only raise the price level O lower the price level and real GDP in the long run lower the price level bur raise GDP In the short run, which of the following prevent the economy from operating at potential output? Select the two correct answers below. Select all that apply: limits in technology...
Question 30 Which of the following do firms in an oligopoly tend to operate more like?...
Question 30 Which of the following do firms in an oligopoly tend to operate more like? a. They can operate like competitors or monopolies. b. They operate more like perfect competitors. c. They operate more like monopolies. d. They operate more like competitors. Question 22 Ella lives in Flint, Michigan where the city water was contaminated with harmful chemicals and lead. Ella’s infant now suffers from mental retardation due to lead poisoning. This is an example of a/an a. external...
Which of the following statements is (are) correct? (x) Both public goods and club goods are...
Which of the following statements is (are) correct? (x) Both public goods and club goods are nonrivalrous in consumption but club goods are excludable and public goods are nonexcludable and both common resources and private goods are rivalrous in consumption but private goods are excludable and common resources are nonexcludable. (y) Ralph owns 10 acres of beautiful wooded land. Ralph donates the land to the state with the understanding that the land will be used as a state park. This...
28 The Chairman or Chairlady of the Federal Reserve Bank has the power to personally order...
28 The Chairman or Chairlady of the Federal Reserve Bank has the power to personally order an increase in the U.S. money supply. A vote by the Fed's FOMC is not needed in order to increase the nation's money supply. 2016.05 Multiple Choice This is false This is true only if both the President of the United States and treat of the Freneha bebes to increase the nation's money supply, then the FOMC no need None of the above Free...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Question 1 For each of the following sub-questions, select the best answer. Each correct answer is...
Question 1 For each of the following sub-questions, select the best answer. Each correct answer is worth two marks. 1. Neither Chile nor Peru has a mass-market café culture, but this fact has not stopped Starbucks from trying to determine what can be done to make its coffee houses successful in those markets. By recognizing that people in these two South American countries do not drink coffee as people in the United States do and that it needs to change...
P 5-8 Required Answer the following multiple-choice questions: a. Which of the following statements is i...
P 5-8 Required Answer the following multiple-choice questions: a. Which of the following statements is incorrect? 1. Ratios are fractions expressed in percent or times per year. 2. A ratio can be computed from any pair of numbers. 3. A very long list of meaningful ratios can be derived. 4. There is one standard list of ratios. 5. Comparison of income statement and balance sheet numbers, in the form of ratios, should not be done. b. A figure from this...
Matching: Select the best answer from the vocabulary word bank. There may be extra words that...
Matching: Select the best answer from the vocabulary word bank. There may be extra words that are not used. a. $500 / $1,000 b. Money market mutual fund c. Amoral d. First e. Positive f. Rate of return g. Sinking fund h. Negative i. Wealth building j. Murphy’s Law k. 1–2 l. 3–6 m. Last n. Insurance o. Baby Steps _____ 11. The type of account that holds your fully funded emergency fund _____ 12. The amount you put into...
QUESTION 5 Research and development has positive externalities because it leads to profit for the developers the new ideas have "spillover" effects for those not involved in the initial R&D because the new ideas can be used to develop other new ideas and applications by others it positively affects those involved in the R&D it is a pure free-market outcome QUESTION 6 The Federal Trade Commission (FTC) reviews all mergers and acquisitions valued at $90 million or more in order...
Which of the following can create monopolies? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. ? Scarce resources ? Government intervention 7 Economies of scale ? Aggressive business tactics Governments create monopolies through intellectual property rights such as patents and copyrights because: Othey want firms to make profits. they do not understand the losses due to monopoly. they do not...
1.
2.
3.
4.
5.
According to the neoclassical model, a contractionary monetary policy will Select the correct answer below: O only lower the price level O only raise the price level O lower the price level and real GDP in the long run lower the price level bur raise GDP In the short run, which of the following prevent the economy from operating at potential output? Select the two correct answers below. Select all that apply: limits in technology...
28 The Chairman or Chairlady of the Federal Reserve Bank has the power to personally order an increase in the U.S. money supply. A vote by the Fed's FOMC is not needed in order to increase the nation's money supply. 2016.05 Multiple Choice This is false This is true only if both the President of the United States and treat of the Freneha bebes to increase the nation's money supply, then the FOMC no need None of the above Free...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
P 5-8 Required Answer the following multiple-choice questions: a. Which of the following statements is incorrect? 1. Ratios are fractions expressed in percent or times per year. 2. A ratio can be computed from any pair of numbers. 3. A very long list of meaningful ratios can be derived. 4. There is one standard list of ratios. 5. Comparison of income statement and balance sheet numbers, in the form of ratios, should not be done. b. A figure from this...
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