23. Which of the following is not an example of the opportunity cost of going to school?
|
a. |
The nap a student could have enjoyed if he had not attended class. |
|
|
b. |
The money a student could have earned by working if he had not gone to college. |
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c. |
The party a student could have enjoyed if he had not stayed in to study for his exam. |
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d. |
The money a student spends on rent for his apartment while attending school. |
In: Economics
Which of the following created by a plant is not an example of a spillover cost?
(a) pollution of a local river
(b) plant accidents affecting the local community
(c) mosquito and insect control on the plant grounds
(d) congestion of local roads around the plant
In: Economics
Which of the following is an example of an implicit cost in a farm business?
a. Wages paid to workers
b. The economic depreciation of capital equipment the farmer owns
c. Rent on a building
d. The cost of fertilizer suppled to a farmer by his/her vendor
In: Economics
Which of the following is considered to be an example of a side
cost or benefit for investment analysis?
1 Project Cannibalization
2 Project Synergies
3 Opportunity Costs
1 only
1 and 2 only
2 and 3 only
1,2 and 3
Which of the following statements is true about side
projects?
1 Opportunity costs are not considered relevant for cash flow
analysis
2 Product cannibalization occurs when a project compromises the
value created by another
3 Project synergies are commonly anticipated when one firm acquires
another
1 only
1 and 2 only
2 and 3 only
1,2 and 3
In: Finance
Which of the following is an example of a cost that does NOT change in total over wide ranges of volume or activity?
| A)the company president's salary | |
| B)cloth used to make shirts | |
| C)hourly wages for production line workers | |
| D)bottles used in a beverage company |
In: Accounting
Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?
Group of answer choices
direct labor
salary of a factory supervisor
units-of-production depreciation on factory equipment
direct materials
In: Accounting
Which of the following is an example of an expense?
Select one:
a. the cost of a proposed advertising campaign
b. the cost of a product delivered to a customer
c. the cost of the purchase of equipment
d. the write-off of an obsolete product
In: Accounting
Which of the following is not an example of a direct materials cost?
A) tires on a bicycle
B) engine in a car
C) shelves on a bookcase
D) nails used to manufacture a desk
In: Accounting
Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?
In: Accounting
Which one of the following is not a characteristic that reduces the cost of a single currency?
options:
|
A high degree of labour mobility among the countries of the common currency area |
|
|
A high degree of capital mobility among the countries of the common currency area |
|
|
Synchronized economic cycles in the countries of the common currency area |
|
|
A high degree of trade integration among the countries of the common currency area |
|
|
None of the characteristics described in these answers – they are all characteristics that reduce the cost of a single currency |
Which of the following people or firms would be pleased by a depreciation of the British pound?
options:
|
All the people and firms mentioned in the below answers |
|
|
A French exporter of wine to the UK |
|
|
An American tourist visiting London |
|
|
A UK importer of French wine |
|
|
A UK company that wishes to expand abroad by building a factory in Poland |
In open economies
options:
|
as in a closed economy, saving (S) and investment (I) are not necessarily equal |
|
|
saving (S) and investment (I) are not necessarily equal as they are in a closed economy |
|
|
investment always refers to the domestic stock market |
|
|
saving (S) and investment (I) are necessarily equal |
|
|
none of the above |
The CA is equal
options:
|
Y + (C - I – G) |
|
|
Y - (C + I – G) |
|
|
Y + (C +I + G) |
|
|
Y - (C - I + G) |
|
|
None of the above |
Question 10 (1 point)
Saved
One argument favoring a fixed-exchange-rate system is that it
options:
|
allows monetary policy to be used for stabilizing output and prices |
|
|
reduces exchange-rate uncertainty, thereby promoting more international trade |
|
|
leads to excessive growth of the money supply |
|
|
requires no actions on the part of the central bank to implement |
|
|
none of the above |
How does the Life-Cycle Hypothesis resolve the puzzle of the Kuznet data?
options:
|
By assuming that income shows a life-cycle variation, the Life-Cycle Hypothesis is able to explain why short term MPC falls with income, but long-term APC is constant. |
|
|
By assuming that income is low in the early years and reaches a peak in late middle age and declines on retirement. |
|
|
By smoothing consumption over a lifetime. |
|
|
All of the above |
|
|
None of the above |
In the Mundell-Fleming model with fixed exchange rates, attempts by the central bank to decrease the money supply:
options:
|
Lead to a lower equilibrium level of income |
|
|
Lead to a higher equilibrium level of income |
|
|
Must be abandoned in order to maintain the fixed exchange rate |
|
|
Must be offset by expansionary fiscal policy |
|
|
None of the above |
Which of the following statements about trade policy is true?
options:
|
A country's trade policy has no impact on the size of its trade balance |
|
|
A restrictive import quota decreases a country's net exports |
|
|
A restrictive import quota increases a country's net exports |
|
|
An abolition of a restrictive import quota increases a country's net exports |
|
|
None of the above |
In the Mundell-Fleming model with fixed exchange rates, attempts by the central bank to decrease the money supply:
options:
|
Lead to a lower equilibrium level of income |
|
|
Lead to a higher equilibrium level of income |
|
|
Must be abandoned in order to maintain the fixed exchange rate |
|
|
Must be offset by expansionary fiscal policy |
|
|
None of the above |
The Taylor rule shows combinations of _______ and ________ which characterize the ________ set by the Central Bank.
options:
|
interest rates; the real money supply; monetary targeting |
|
|
inflation; interest rates; inflation targeting |
|
|
real GDP; interest rates; fiscal policy |
|
|
inflation; real GDP; monetary policy |
|
|
None of the above |
If two countries, A and B, have separate currencies and there is a shift in consumer preferences away from the goods of country A and towards those of country B, then
options:
|
there will be an increase in inflation in country A |
|
|
the foreign exchange value of country A's currency is likely to rise, thus making country A's goods relatively more expensive and worsening the reduction in aggregate demand in country A |
|
|
the foreign exchange value of country A's currency is likely to fall, thus making country A's goods relatively cheaper and offsetting the reduction in aggregate demand in country A |
|
|
there will be a fall in aggregate demand in country B |
|
|
None of the above |
In: Economics