Economics and True False - 7484 Words

Question 2 (0.5/0.5) Exhibit 2–4 Production possibilities curve data | A | B | C | D | E | F | Capital goods | 150 | 140 | 120 | 90 | 50 | 0 | Consumer goods | 0 | 20 | 40 | 60 | 80 | 100 | | | | | | | | In Exhibit 2-4, the concept of increasing opportunity costs is represented by the fact that: a) Greater amounts of capital goods must be sacrificed to produce each additional unit of consumption goods. Question 4 (0.5/0.5) As shown in Exhibit 8-3, in order to maximise its profit, what price should GeneTech charge for it’s vaccine? a) $35 per dose Question 5 (0.5/0.5) A demand curve for the Steel Porcupines’ concert tickets would show the: a) Number of tickets that will be purchased†¦show more content†¦This is evidence that price elasticity of demand for steak is: a) Unitary elastic Question 30 (0.5/0.5) The income elasticity of demand for shoes is estimated to be 1.5. We can conclude that shoes: a) Are a normal good Question 31 (0.5/0.5) The price elasticity of demand for a vertical demand curve is: a) Perfectly inelastic Question 32 (0.5/0.5) To maximise its profit, a monopoly should choose a price where demand is: a) Elastic Question 37 (0.5/0.5) In Exhibit 7-3, when the price is $2, the profit-maximising (or loss-minimising) firm: a) Should shut down and produce zero Question 38 (0.5/0.5) Which of the following is not a market failure? a) Prices determined in competitive markets, which consumers, as individuals, have no control over. Question 39 (0.5/0.5) Suppose prices for a new home have risen, yet sales of new homes have also risen. We can conclude that: a) The demand for new homes has risen Question 40 (0.5/0.5) Water is often provided to households by one supplier because: a) It is a natural monopoly PRODUCTION POSSIBILITIES AND OPPORTUNITY COST CHAPTER 2 Which of the following is NOT one of the three fundamental economic questions? | a. | What happens when you add to or subtract from a current situation? | | | b. | For whom to produce? | | | c. | How to produce? | | |Show MoreRelatedPA 315 Final study guide Essay1288 Words   |  6 Pageseconomies. False Question 3 One form of protectionism is to place limit on the amount of an incoming product. This is called Import quota Question 4 Neoliberalism refers to a political movement that espouses economic liberalism as a means of promoting economic development and securing political liberty. True Question 5 Tariffs, import quotas, and regulatory barriers are forms of protectionism that â€Å"unfairly† promote domestic goods in foreign markets. False Question 6 Read MoreMidterm BUSN1201398 Words   |  6 PagesMidterm Student: 1. Socially responsible activities are never done for building the reputation of a firm within the philanthropy model.   True  Ã‚  Ã‚  Ã‚  False   2.  Which of the following statements is true about Whistleblowing?   A.  It can occur both internally and externally . B.  It does not cause any harm to the whistleblower. C.  It involves the disclosure of ethical activities. D.  It may seem disloyal, but it does not harm the business.    3.  The practice of attending to the _____ of a firm is referredRead MoreEssay on Week 2809 Words   |  4 Pages  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   True   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   False | 2. In the U.S., most workers can be discharged for good cause, no cause, and even a morally wrong cause, as long as the discharge is not on the basis of race, gender, religion or another classification protected by law. (Points : 1) |   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   True   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   False | 3. Conflicts between what employees want and what employers want are generally resolved privately between the individual and his/her employer. (Points : 1) |   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   True   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   False | Read MoreEnvironmental Interupstions1308 Words   |  6 Pageshuman development is referred to as a   A.  tract development. B.  reserve. C.  wilderness. D.  multiple land use.    2.  Environmental science is an interdisciplinary area of study that deals with all of the following except   A.  politics. B.  economics. C.  ethics. D.  All of these are correct.    3.  An ecosystem is   A.  the transition zone between grassland and desert. B.  a group of interactive species and their environment. C.  a body of freshwater. D.  the lowland area on either side ofRead MoreManaging Innovation Quiz 11631 Words   |  7 PagesPart 1 of 2 - True False 17.0 Points Question 1 of 40 1.0 Points Practically all innovative ideas become successful products. True False Question 2 of 40 1.0 Points Flexible manufacturing technologies have increased the importance of production economies of scale. True False Question 3 of 40 1.0 Points Innovation and new technology have caused the product life cycle to become longer as better quality products are being produced. True False QuestionRead Moremanaging across cultures1592 Words   |  7 Pagesrule themselves as they see fit. True False The elimination of discrimination with respect to employment and occupation is a principle of the Global Compact which applies to: A. Human rights B. Labor C. Environment D. Anticorruption Question 3 of 40  Ã‚  Ã‚  Ã‚  Ã‚  (worth 0.4 points) Which of the following statements is not true of Hungarys economic reform measures? A. Hungary had a head start on the other former communist-bloc countries in terms of adopting economic reform measures B. MNCs have beenRead MoreEssay on Brs Mdm3 Tif Ch121696 Words   |  7 Pagesoptimal EOQ? A) 200 bags B) 5000 bags C) 2500 bags D) 100 bags E) 50 bags Answer: E Page Ref: 12-7 Topic: Economic Order Quantity: Determining How Much to Order Difficulty: Moderate AACSB: Analytic Skills 2) Refer to the information above. What is the maximum inventory held in a given EOQ cycle? A) 5000 bags B) 200 bags C) 50 D) 100 bags E) 15 bags Answer: C Page Ref: 12-6 Topic: Economic Order Quantity: Determining How Much to Order Difficulty: Moderate AACSB: Analytic Skills 3) Refer toRead MoreEssay about Eco 372 Week 4 Quiz1307 Words   |  6 Pagesproduction and distribution of goods. c. Argue for more governmental stimulus to help the economy. 2. Would Henry Hazlitt more likely say: B a. That government should fund public works to maintain full employment. b. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups. c. From each according to his ability, to eachRead MoreEntr1363 Words   |  6 Pages1) What are the three parts of sustainability?   Social   Environment   Economic 2)   What did Michael Porter come up with?   A)Reinnovation   B) The Five Forces concept   C) sustainability 1) Which country was used as a subject to test the potential benefits from entrepreneurship and innovation in developing countries? (a) Haiti   (b) Uganda (c) Ghana (d) Latvia 2) According to the article pertaining to innovation in developing nations, there is a positive relationship between ___________Read MoreThe And Its Influence On East Asia Essay1538 Words   |  7 Pagesto Judaism b) Hinduism is to Islam c) Christianity is to Judaism d) Judaism is to Hinduism 4. A policy promoting growth of Gross National Happiness, rather than ____________ growth, is sanctioned by the monarchy of _____. a) population; Nepal b) economic; Bhutan c) agricultural; Bhutan d) cultural; Nepal 5. With approximately ____________ percent of the world’s population and less than _________ percent of the world’s arable land, China has a need to generate higher agriculture outputs. a) 10;