Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Which of these relations is correct?A) APC - APS = 1 B) MPC + MPS = 1 C) APC + MPC = 1 D) 1 + MPC = MPS2. If supply increases and demand remains unchanged, equilibrium quantity will _______ and equilibrium price will ______________.A) rise, rise B) fall, fall C) fall, rise D) rise, fall3. Oligopolies that produce identical products such as steel haveA) no control over the price of their product because of the availability of perfect substitutes.B) no control over the price of their product because of the large number of buyers in the market.C) some control over the price of their product because each firm sells a substantial share of the market.D) some control over the price of their product because of the small number of buyers in the market.4. As price declines, quantity demanded goes _______ and quantity supplied goes ________.A) up, up B) down, down C) up, down D) down, up5. The conventional merger is the ____ merger.A) horizontal B) vertical C) conglomerate D) diversifying6. An increase in supply means that quantity supplied risesA) at least one price. B) at a few prices. C) at most prices. D) at all prices.7. The market price ____________ the equilibrium price.A) can be higher than, but never lower than C) can be higher than, or lower thanB) can be lower than, but never higher than D) is always equal to8. A merger between Chase Bank and Citibank would be a ____ merger.A) horizontal B) vertical C) conglomerate D) diversifying9. To build up our capital we need toA) save more and consume more. C) save less and consume less.B) save more and consume less. D) save less and consume more.10. In the United States investment is doneA) entirely by the government.B) mostly by the government.C) about half by the government and half by private enterprise.D) mainly by private enterprise.11. Specific business practices such as price discrimination are prohibited by the:A) Clayton Act of 1914. B) Sherman Act of 1890. C) Federal Trade Commission Act of 1914.12. Which statement is false?A) A monopoly is both a firm and an industry. C) There are no monopolies in the United States.B) A monopoly is an imperfect competitor. D) None of these statements is false.13. Price discriminationA) occurs whenever a good or service is resold.B) is prohibited by law.C) occurs when a seller charges two or more prices for the same good or service.D) occurs when the seller charges different prices for different quality products.14. Which statement is true?A) All monopolies are good.B) All monopolies are bad.C) Most natural monopolies are government regulated or government owned.D) None of these statements is true.15. Monopolistic competition differs from perfect competition only with respect toA) the number of firms in the industry. C) barriers to entry.B) product differentiation. D) economies of scale.16. Each of these companies was broken up by the Supreme Court exceptA) AT&T. B) the American Tobacco Trust. C) the Standard Oil Trust. D) U.S. Steel.17. Which statement is false?A) Monopolies tend to be inefficient.B) Economic power is easily translated into political power.C) Two ways of preventing public utilities from taking advantage of their power are government regulation and government ownership.D) None is false.18. Which statement is false?A) Oligopolies are illegal in most states. C) Ford Motor Company is an oligopoly.B) Most oligopolies engage in outright collusion. D) None of these statements is false.19. Which of the following is NOT an example of a vertical merger?A) The merger of a shoe producer and a leather producerB) The merger of two computer companiesC) The merger of a computer company and a microelectronics chip companyD) The merger of an automobile company and a tire companyE) The merger of a brewery and a producer of hops20. In the United States, natural monopoliesA) are easily converted to competitive industries. C) are commonly regulated by governments.B) are common in retailing. D) are rarely regulated by governments.
If the demand for a domestic currency reduces in a country using a fixed exchange rate system, determine what must the central bank do to keep the currency value steady?
The outsourcing of human resources becomes an important part of United States companies in recent years. How would you describe this in relation to company's profit maximization target?
Explain and estimate the price elasticity of demand for a good or service of your firm, or a firm of interest to you. Estimate the price elasticity of demand by guessing at the effect of a 10 percent price change on the sales level.
When the United States imposes a tariff or quota on imports, who pays it? Who profits from a tariff or quota and how do changes in interest rates, inflation, and income affect exchange rates?
Based on your reading, which market structure is more applicable for the market for building commercial aircrafts, when there are two major manufacturers of the commercial airplanes and little possibility of entry by new firms:
The Republic of Republic produces 2-goods, marshmallows and soda water. In 1994, the one hundred units of MM produced sold for $3 a unit and 50 units of SW produced sold for $1 a unit.
Alu City is a manufacturer of aluminum products for building industry and has experienced a high growth rate due to an increased demand. The corporation shares are currently being traded at 410 cents each share.
Suppose if you were chief economic advisor to the President at present, what are the 3-recommendations you would make to him to improve overall effectiveness of the economy?
Suppose the following data, and answer the question below. China and England are international trade partners. The following information are expected payoffs for the two countries.
Suppose last year's real GDP was $7,000 billion, this years nominal GDP is $8,820 billion, and GDP-deflator for this year is 120. Determine the growth rate of real GDP?
In the IS-LM curve model, examine the effect of an autonomous rise in saving that is matched by a drop in consumption, describe which curve would shift?
Which political system describes best the governance system of the EU? Is the governance system of the EU democratic? Why ‘yes', or why ‘not'?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd