Archives: Quiz
Economics Chapter 34 Module 34 – Externalities Use The Following Answer Questions 5358 Figure
Page 1 1. A market economy will produce _____ without any government regulation. A) too little pollution B) too much pollution C) the socially optimal amount of pollution D) the amount of pollution that maximizes total surplus 2. A negative […]
Economics Chapter 33 Module 33 – Product Differentiation And Advertising Critics Advertising Argue That It Tends Make
Page 1 1. If the toothpaste market is monopolistically competitive, product differentiation would not take the form of: A) production of many varieties of toothpaste, including those with whitening agents. B) differentiation in the locations where certain toothpastes are available. […]
Economics Chapter 32 Module 32 – Monopolistic Competition Use The Following Answer Questions 8586 Figure
Page 1 1. Since a monopolistically competitive firm faces a downward-sloping demand curve, its price will be _____ revenue. A) equal to marginal B) less than marginal C) greater than marginal D) equal to total 2. The demand curve for […]
Economics Chapter 31 Module 31 – Game Theory Blue Spring Charged The Previous Period Always
Page 1 1. Game theory is commonly used to explain behavior in oligopolies because oligopolies are characterized by: A) large profits in the long run. B) either homogeneous or heterogeneous products. C) interdependence. D) imperfect competition. 2. An analytical approach […]
Economics Chapter 30 Module 30 – Oligopoly Industry With Only Two Firms Generally Called
Page 1 1. An industry with only two firms is generally called: A) a monopoly. B) monopolistic competition. C) a duopoly. D) perfect competition. 2. A duopoly is an industry that consists of: A) a single firm. B) two firms. […]
Economics Chapter 29 Module 29 – Price Discrimination Chicago Three Weeks Advance And Will
Page 1 1. The practice of charging different prices to different customers for the same good or service, even though the cost of supplying those customers is the same, is: A) privatization. B) monopolization. C) output competition. D) price discrimination. […]
Economics Chapter 28 Module 28 – Monopoly, Government Policy, And Social Welfare Suppose The Go sports Pennant Monopoly Broken And
Page 1 1. Suppose the GoSports pennant monopoly is broken up and the pennant industry becomes perfectly competitive. We would expect the _____ surplus to increase and _____ surplus to decrease after the breakup. A) producer; consumer and total B) […]
Economics Chapter 27 Module 27 – Monopoly In Practice Use The Following Answer Questions 7982 Figure
Page 1 1. Most electric, gas, and water companies are examples of _____ monopolies. A) unregulated B) natural C) restricted-input D) sunk-cost 2. Suppose that you build a high-speed, magnetically powered transportation system from New York to Los Angeles, and […]
Economics Chapter 26 Module 26 – Long-run Outcomes In Perfect Competition Suppose There Are 100 Farms This Industry
Page 1 1. The short-run industry supply curve: A) shows the total quantity supplied by all firms in an industry for each possible price when the number of producers is fixed. B) is drawn on the assumption that the number […]
Economics Chapter 25 Module 25 – If the price is below average total cost, then in the short run
Page 1 1. Consider a perfectly competitive firm in the short run. Assume that it is sustaining economic losses but continues to produce at the profit-maximizing (loss-minimizing) output. Which statement is false? A) Marginal cost is less than average total […]
Economics Chapter 24 Module 24 – Perfect Competition During The Summer Alex Runs Lawnmowing Service
Page 1 1. In perfect competition: A) a firm’s total revenue is found by multiplying the market price by the firm’s quantity of output. B) the firm’s total revenue curve is a downward-sloping line. C) at any price, the more […]
Economics Chapter 23 Module 23 – Introduction To Market Structure Page 75 Called Oligopoly
Page 1 1. If a California avocado stand operates in a perfectly competitive market, that stand’s owner will be a price: A) maker. B) taker. C) discriminator. D) maximizer. 2. If all firms in an industry are price takers: A) […]
Economics Chapter 22 Module 22 – Long-run Costs And Economies Of Scale She Trying Decide How Many Mixers Purchase
Page 1 1. The long-run average total cost curve is tangent to an infinite number of short-run _____ cost curves. A) total B) marginal C) average variable D) average total 2. Where the long-run average total cost curve is at […]
Economics Chapter 21 Module 21 – Firm Costs Use The Following Answer Questions
Page 1 1. In the short run, the costs associated with variable inputs are _____, and the costs associated with _____ inputs are _____. A) variable; fixed; fixed B) fixed; fixed; variable C) variable; fixed; variable D) fixed; fixed; fixed […]
Economics Chapter 20 Module 20 – The Production Function Cabinets Use Table 206 The Production Cabinets
Page 1 1. A _____ is an organization that produces goods or services for sale. A) production function B) firm C) variable input D) fixed input 2. In the short run: A) all inputs are fixed. B) all inputs are […]
Economics Chapter 19 Module 19 – Maximizing Utility Assume That Diminishing Marginal Utility Applies Both
Page 1 1. The relation between an individual’s consumption bundle and her satisfaction is called a _____ function. A) demand B) production C) consumption D) utility 2. To say that you can’t have too much of a good thing means […]
Economics Chapter 18 Module 18 – Behavioral Economics The Habit Mentally Assigning Dollars Different Accounts
Page 1 1. Economists’ and psychologists’ attempts to understand and explain why people make decisions that appear to be irrational is the field of study called _____ economics A) international B) irrational C) rational D) behavioral 2. The purpose of […]
Economics Chapter 17 Module 17 – Making Decisions Table Marginal Analysis Sweatshirt Production Use Table
Page 1 1. Jacquelyn is a student at a major state university. Which factor is not an explicit cost of her attending college? A) Opportunity cost may be larger than monetary cost. B) Opportunity cost includes both explicit and implicit […]
Economics Chapter 16 Module 16 – Supply, Demand, And International Trade South Africa Rises From And Domestic Producer
Page 1 1. An economy moves from autarky to free international trade. In the import sector, consumer surplus _____, producer surplus _____, and the economy as a whole _____. A) rises; rises; gains B) rises; falls; gains C) falls; rises; […]
Economics Chapter 15 Module 15 – Gains From Trade Use Figure 152 The Production Possibility Frontiers
Page 1 1. Goods and services purchased from abroad are _____, while goods and services sold abroad are _____. A) always been positive. B) always been negative. C) shown an increase in exports as a ratio of world production since […]
Economics Chapter 14 Module 14 – The Benefits And Cost Of Taxation Figure And Table The Market For Taxi
Page 1 1. Suppose the government imposes a $10 excise tax on the sale of sweaters by charging suppliers $10 for each sweater sold. If the demand curve is downward-sloping and the supply curve is upward-sloping: A) the price of […]
Economics Chapter 13 Module 13 – Other Elasticities Expenditures Use Table 132 Johnsons Income And
Page 1 1. The cross-price elasticity of electricity with respect to the price of natural gas has been estimated as being equal to 0.2. This implies that: A) natural gas and electricity are both normal goods. B) electricity and natural […]
Economics Chapter 12 Module 12 – Interpreting The Price Elasticity Of Demand Bayer Aspirin More Perfectly Price inelastic The Two
Page 1 1. Each month Jacquelyn spends exactly $50 on ice cream, regardless of the price of each container. Jacquelyn’s price elasticity of demand for ice cream is: A) 0. B) 1. C) greater than 1. D) less than 1 […]
Economics Chapter 11 Module 11 – Defining And Measuring Elasticity Page 40 Ref 111 Table Price Elasticity
Page 1 1. The price elasticity of demand measures the responsiveness of the change in the: A) quantity demanded to a change in the price. B) price to a change in the quantity demanded. C) slope of the demand curve […]
Economics Chapter 10 Module 10 – Price Controls (ceilings And Floors) Suppose The Government Sets Price Floor 285
Page 1 1. A price control is: A) control of the price of a good by the firm that produces it. B) a legal restriction on how high or low a price in a market may go. C) an upper […]
Economics Appendix N Module 1a – Appendix – Graphs In Economics Table Price Quantity Demanded And Quantity Supplied
Page 1 1. The point at which the axes of a graph intersect is called the: A) slope. B) origin. C) graph. D) intercept. 2. The _____ of a curve shows the point at which the curve intersects an axis. […]
Economics Chapter 9 Module 9 – Efficiency And Markets Andy Consumes One Fewer Pumpkin And Ben
Page 1 Use the following to answer question 1: 1. (Ref 9-1 Figure: Wireless Mouse Market) Use the graph to calculate consumer surplus when the market is at equilibrium. A) $4,000 B) $5,000 C) $2,000 D) $3,000 Use the following […]
Economics Chapter 8 Module 8 – Consumer And Producer Surplus Page 62 The Total Producer Surplus The
Page 1 1. A consumer’s willingness to pay reflects the: A) maximum price at which he or she would buy a given good or service. B) minimum price at which he or she would buy a given good or service. […]
Economics Chapter 7 Module 7 – Changes In Equilibrium Then The Equilibrium Price French Fries
Page 1 Use the following to answer questions 1-6: 1. (Ref 7-1 Figure: Demand and Supply of Gasoline) Use Figure: Demand and Supply of Gasoline. A factor that may have changed supply from S1 to S2 is: A) better technology […]
Economics Chapter 6 Module 6 – A decrease in the price of online movies sold
Page 1 1. Which factor will not cause an increase in the supply of cornflakes? A) an increase in the price of cornflakes B) a cost-saving improvement in the technology of corn production C) a reduction in the price of […]
Economics Chapter 5 Module 5 – Demand The Market For Corn Kansas Considered Competitive
Page 1 1. The market for corn in Kansas is considered to be competitive. This means there are _____ buyers and _____ sellers of corn in Kansas. A) many; few B) few; many C) many; many D) few; few 2. […]
Economics Chapter 4 Module 4 – The Circular-flow Diagram Page 36 The Circularflow Diagram Firms Buy
Page 1 1. Trade takes the form of _____ when people directly exchange goods they have for goods they want. A) exploitation B) benevolence C) barter D) a zero-sum game 2. The simplest circular-flow model shows the interaction between households […]
Economics Chapter 3 Module 3 – Comparative Advantage And Trade Advantage The Opportunity Cost Producing Box Peaches
Page 1 1. As long as people have different _____, everyone has a comparative advantage in something. A) direct costs B) benefits C) utility D) opportunity costs 2. Because of trade, a country may: A) consume outside its production possibility […]
Economics Chapter 2 Module 2 – Models And The Production Possibilities Frontier Figure Wine And Wheat Use Figure Wine
Page 1 1. A simplified representation that is used to study a real situation is called a(n): A) model. B) production possibility frontier. C) assumption. D) trade-off. 2. The models that economists construct: A) usually make simplifying assumptions. B) often […]
Economics Chapter 1 Module 1 – First Principles Specialization Production Was The Starting Point For
Page 1 1. Which topic is studied in macroeconomics? A) the change in automobile sales due to a change in the price of automobiles B) the effect of a tax reduction on the profits of an individual business C) recessions […]
Chapter 14 Most Interviews The Interviewer And Interviewee Agree
1. In most interviews the interviewer and interviewee agree. 2. The halo effect is the most prevalent type of bias. *a. true b. false 3. It is not possible to control bias. a. true *b. false 4. Managers deal with […]
Chapter 13 Negotiation Integral Aspect Management True False When
1. Negotiation is an integral aspect of management. 2. When one or both parties see a situation as one in which one party will lose or gain something in exchange for the other party’s loss or gain, a negotiation strategy […]
Chapter 12 Organizational Conflict Not Natural Part Organizational Structure
1. According to a survey of American Management Association executives, managers are likely to spend about 20 percent of their time dealing with conflict. 2. Organizational conflict is not a natural part of an organizational structure and should be eliminated […]
Chapter 11 Countrys Degree Globalization Based Social Political And
1. A country’s “degree of globalization” is based on social, political, and economic activities. 2. In the United States, the direct investment of foreign-based companies grew from $9 billion in 1966 to more than $166 billion in 2012. *a. true […]
Chapter 10 Nonverbal Communication Includes Written Messages True False
1. Nonverbal communication includes written messages. 2. Statistics show 93 percent of a message comes from nonverbal communication. *a. true b. false 3. When nonverbal signals contradict verbal ones, the verbal ones are usually the ones to trust. a. true […]
Chapter 9 Listening The Form Communication That Most Important
1. Listening is the form of communication that is most important for entry-level positions. 2. The major reason for developing effective listening is to build relationships between people. *a. true b. false 3. People speak approximately 25 percent as fast […]
Chapter 8 With The Advent New Technology Written Reports
1. With the advent of new technology, written reports are being phased out. 2. The groundwork or preliminary effort a report writer makes before the report is written often takes more time than actually writing the report. *a. true b. […]
Chapter 7 The You Attitude Deals With The Writers
1. A study conducted using 837 business school graduates with varying years of experience found they spent over one-fourth of their time at work writing. 2. The “you” attitude deals with the writer’s feelings and should be expressed as such […]
Chapter 6 Managers Are Thought Spend About Percent Their
1. Managers are thought to spend about 75 percent of their time communicating. 2. Oral managerial communications offer strategic advantages such as economy, efficiency, accuracy and official permanence. a. true *b. false 3. Collaboration is thought to improve writing quality. […]
Chapter 5 The First Step Planning Effective Presentation Preparing
191 1. The first step in planning an effective presentation is preparing the introduction. 2. The best way to ensure clarity in a presentation is to write an outline. a. true *b. false 3. Many presentations are delivered poorly but […]
Chapter 4 Ninety Percent All Us Businesses Use Some
1. Ninety percent of all U.S. businesses use some form of group structure. 2. In coordination meetings, project teams keep each other informed of their progress and plan each stage of their joint efforts. *a. true b. false 3. One […]
Chapter 3 Four Concepts That Help Understand The Use
1. Four concepts that help us understand the use of mediated communication: bandwidth, perceived personal closeness, feedback, and the symbolic interactionist perspective. 2. It is never acceptable to use narrow bandwidth for sensitive messages. a. true *b. false 3. Perceived […]
Chapter 2 Listeners Experiences And Different Understanding The Meanings
1. A listener’s experiences and different understanding of the meanings of words can complicate and confuse the manager’s message. 2. Intercultural communication is more important in modern society than intrapersonal communication. a. true *b. false 3. There is a positive […]
Chapter 1 The Workplace Less Diverse And More Complex
1. The workplace is less diverse and more complex than it was a few decades ago. 2. Technology eliminates the need for multicultural awareness. a. True *b. False 3. Scientific management identifies the most efficient and effective manner for performing […]
Management Chapter 14 Serving Citizens Not Customers Serving Rather Than
Managing Human Behavior in Public and Nonprofit Organizations | 4th edition Robert B. Denhardt • Janet V. Denhardt • Maria P. Aristigueta Sage 2015 Test Bank | Chapter 14 Managing Behavior in the Public Interest Multiple Choice 1. In the […]