Archives: Quiz
Economics Chapter 26 The Shift The Production Possibilities Curve
CHAPTER 26 Scarcity and Choice Neoclassical View 230. According to neoclassical economists, the central economic problem is a. rapid technological change b. unchecked population growth. c. choice due to the existence of scarcity d. the distribution of income. 231. Neoclassical […]
Economics Chapter 19 Economic Profit Equals Accounting Profit Plus The
A. net operating profit after taxes plus the cost of capital. B. net operating profit after taxes divided by the cost of capital. C. net operating profit after taxes multiplied by the cost of capital. D. net operating profit after […]
Economics Chapter 25 They Must Profitable And Return Dividend Their
CHAPTER 25 Economic Democracy MULTIPLE CHOICE QUESTIONS 215. Formal political democracy means a. all citizens can vote and speak their minds. b. all citizens have an equal amount of political power. c. all citizens with a significant amount of wealth […]
Economics Chapter 18 The Market Process Path Discovery Simple Process
A. know more than the market. B. know less than the market knows. C. process information more efficiently than the market. D. can predetermine equilibrium prices. A. looks like a market. B. looks like a flat network. C. is largely […]
Economics Chapter 24 Democratic Candidate John Kerry Received Over 50
CHAPTER 24 Government and Inequality MULTIPLE CHOICE 197. If the vast majority of American voters are employees and the wealthy elite only make up 1% of the American population, how is it possible to say that the wealthy elite control […]
Economics Chapter 17 The Cost Capital Combination Firms Payments The
A. bankers. B. the capital market. C. the federal budget deficit. D. the foreign exchange market. A. create the price of capital. B. determine the value of capital. C. direct capital resources to their highest valued use. D. all of […]
Economics Chapter 23 What The Greenhouse Effect a The Effect That
CHAPTER 23 Environmental Devastation MULTIPLE CHOICE 187. a. refers to the tragic pollution of an area called, the commons, in England in the 1800s. b. refers to the idea that all land in the U.S. is now privately owned. c. […]
Chapter 9 Explain why keeping one’s professional skills
Correct answer: d – pg 407-410 (T) (T) Chapter 9 Multiple-choice Questions (with answers and references to the text) 1. In one application of a voice-recognition system, the system failed to recognize female speakers. A likely reason was (a) The […]
Economics Chapter 16 The Knowledge Economy The Supply Chain Has
A. is that content matters. B. is that the information content of a good can be distinguished from the physical product. C. is that the information content of a good cannot be distinguished from the physical product. D. is that […]
Economics Chapter 22 The Median Income Hispanic Households About
CHAPTER 22 Economics of Racial and Gender Discrimination MULTIPLE CHOICE 177. How does the median net worth of white, not Hispanic households compare to that of Black households in 2000. a. White, not Hispanic households have about twice as much […]
Chapter 8 Briefly Explain The Case What Happened
Correct answer: d – pg 377 and 378-379 Correct answer: d -pg 368 (T) Chapter 8 Multiple-choice Questions (with answers and references to the text) 1. Most of the delay in the opening of the Denver International Airport was because […]
Economics Chapter 15 Being The Low Price Seller The Market
A. low price. B. efficient production. C. high price. D. low price elasticity. A. unitary elasticity segment. B. low elasticity segment. C. high elasticity segment. D. economic profit segment. A. comparative advantages. B. absolute prices. C. absolute opportunity costs. D. […]
Economics Chapter 21 Market Power And Global Corporations167 Merger
CHAPTER 21 Market Power and Global Corporations 167. A merger in which one corporation absorbs other corporations that were it direct competitors is called a. a conglomerate merger. b. a horizontal merger c. a vertical merger d. a global merger […]
Chapter 7 Short answer Questions Give Two The Neo luddite Criticisms
Correct answer: d – pg 344-347 (T) (F) Chapter 7 Multiple-choice Questions (with answers and references to the text) 1. Which of the following is NOT a Neo-Luddite criticism of computers? (a) Use of computers in schools thwarts development of […]
Economics Chapter 14 The Rule Applies Price makers Only Does
A. has many sellers. B. homogenous products. C. free entry and exit. D. all of these choices. A. to make them worth as much as they would be in their next best use. B. to make them worth more than […]
Economics Chapter 20 The Tera The Price One Good Terms
CHAPTER 20 Prices, Profits, and Exploitation MULTIPLE CHOICE 156. In early economies, goods were often exchanged through a barter system. What is a barter system? a. prices are agreed after bargaining or negotiation between buyer and seller. b. goods are […]
Chapter 6 Electronic Communications Privacy Act Cover Why
Correct answer: a – pg 276 (T) (F) (T) Chapter 6 Multiple-choice Questions (with answers and references to the text) 1. Which of the following reasons for monitoring email, voice mail, and computer files is considered legal? (a) Protect security […]
Economics Chapter 13 Large Companies Often The Case That Bureaucracy
A. bureaucracy compliments performance. B. profits increase with market share. C. bureaucracy overwhelms performance. D. revenues increase faster than costs. A. output is variable over the long run. B. inputs are related to output. C. some inputs are fixed. D. […]
Economics Chapter 19 What is the rate of exploitation?
CHAPTER 19 Inequality, Exploitation, and Economic Institutions MULTIPLE CHOICE 146. Suppose Lisa works an 8 hour day copyediting books at a wage of $10. During that time she adds $160 to the value of the books sold in the market. […]
Economics Chapter 12 According The Case Price Has Disproportionate Effect
A. too much time B. the right amount of time C. too little time D. too much money A. employee. B. customer. C. average investor. D. economic profit. A. the change in quantity demanded when a product attribute changes. B. […]
Chapter 5 Computer Forensics Specialists Cannot Recover Deleted Files
Correct answer: c – pg 231 Correct answer: c – pg 236 Chapter 5 Multiple-choice Questions (with answers and references to the text) 1. Which of the following is an example of biometrics: (a) DNA (b) Fingerprints (c) Voice prints […]
Economics Chapter 18 Argentina has a more equal distribution
CHAPTER 18 The Two Americas Inequality, Class, and Conflict MULTIPLE CHOICE QUESTIONS 135. What are sources of income for individuals in the U.S.? a. employee compensation, profits, interest, and rent b. employee compensation, profits, government transfers, and credit card debt […]
Economics Chapter 11 Value Maximization Means That Managers Make Decision
A. to make products that have positive prices. B. that the value of a firms output is greater than the value of the output that was not produced by the inputs the firm employs. C. that the firm has a […]
Chapter 4 Short answer Questions Define Free Software Open Source
Correct answer: d – pg 186-187 Correct answer: a – pg 211 Chapter 4 Multiple-choice Questions (with answers and references to the text) 1. Which of the following is not an exclusive right (subject to some exceptions) granted by copyright […]
Economics Chapter 17 The Text Mentions Several Well known Neoclassical And
CHAPTER 17 Robinson Crusoe Two Perspectives on Microeconomics MULTIPLE CHOICE QUESTIONS 125. The text distinguishes between two perspectives in microeconomics. These two perspectives are a. Republican and Democrat b. Libertarian and Mercantilist c. Progressive and Neoclassical d. Mercantilist and Capitalist […]
Economics Chapter 10 Government Rules And Regulations Can Affect Market
A. given. B. something that must be recognized in decision-making. C. a passive factor with little impact. D. enhancing efficiency. A. equal. B. efficient. C. structured. D. fair. A. Sherman Act. B. Mann Act. C. DIDMCA of 1980. D. Federal […]
Chapter 3 Broadcast Media Traditionally Has Had The Strongest
Correct answer: c – pg 142 Correct answer: b – pg 160-161 Chapter 3 Multiple-choice Questions (with answers and references to the text) 1. The legal guidelines for determining whether material is obscene include all of the following EXCEPT (a) […]
Economics Chapter 16 The purpose of the World Bank is
CHAPTER 16 The United States and Global Capitalism, 1940-2006 MULTIPLE CHOICE QUESTIONS 110. After World War II ended in 1945, the US economy experienced a. a period of stagnation with slow economic growth until the 1960s boom. b. a boom […]
Economics Chapter 9 Markets Provide Information Prices Incentives All These
A. by government regulations. B. comparative advantage C. by only technology. D. by only labor or technology. A. governmental. B. institutional. C. dynamic. D. all of these choices. A. has little to say about the entrepreneur B. says a good […]
Chapter 2 Us Jones 2012 Was The First Major
Correct answer: d – pg 84 Correct answer: c – pg 58 Chapter 2 Multiple-choice Questions (with answers and references to the text) 1. When a person visits a Web site, his or her IP address and the links he […]
Economics Chapter 15 Keynesian Economics And The Great Depression multiple
CHAPTER 15 Keynesian Economics and the Great Depression MULTIPLE CHOICE 100. a. The General Theory of Employment, Interest and Money. b. The Causes of Unemployment and Depression. c. Principles of Macroeconomics. d. The Theory of Capitalism. 101. a. by John […]
Economics Chapter 8 Strategic Behavior Found Competitive Markets Form Product
A. fast and slow. B. sequential and simultaneous. C. price and quantity. D. real and nominal. A. players try to figure out an opponent’s future response in making their own moves. B. all players make decisions at the same time. […]
Chapter 1 Which The Following Example Negative Right Liberty
Correct answer: c – pg 31 (T) (F) (F) (T) (T) Chapter 1 Multiple-choice Questions (with answers and references to the text) 1. Which of the following is an example of a negative right or liberty? (a) freedom of speech, […]
Economics Chapter 14 What Horizontal Mergera Horizontal Merger Involves Merger
CHAPTER 14 Growth and Depression in the United States, 1900 1940 MULTIPLE CHOICE 1. Between 1929 and 1980, the power of corporations f. decreased as corporate income fell to less than 25% of business income. g. increased as corporate income […]
Economics Chapter 7 Graphical Representation The Choices Between Two Allocations
A. full employment. B. unemployment. C. efficient. D. unobtainable. A. unemployment. B. inefficient. C. unobtainable. D. full employment. A. unobtainable. B. full employment. C. unemployment. D. inefficient. A. the cost frontier. B. the absolute advantage frontier. C. production possibilities frontier. […]
Economics Chapter 13 industry a Intimated That Efficiency Was Triumphing The
CHAPTER 13 74. Thorstein Veblen was not critical of a. b. the predatory character of business. c. monopolistic privilege. d. industry. e. all of the above. 75. Veblen believed that a. business thwarts the development of industry. b. the pursuit […]
Economics Chapter 6 Public Goods Are Goods That Have Only
A. public goods. B. free. C. are not scarce. D. all of these choices. A. agents. B. teams. C. principals. D. principals and agents. A. compensation. B. need for time off. C. intrinsic motivation. D. none of these choices. A. […]
Economics Chapter 12 The Social Darwinists Believed That
CHAPTER 12 Neoclassical Economics Defense of Corporate Capitalism MULTIPLE CHOICE 63. Which of the following was not an important early neoclassical economist? p132 a. Erving Segal b. William Stanley Jevons c. Karl Menger d. Leon Walras e. none of the […]
Economics Chapter 5 The 1990s Business Organizations Were Flattened Turned
A. will never change in the future. B. are efficient. C. will be forced to become horizontal. D. are inefficient. A. by differentiating its product. B. by having a barrier to entry. C. through its organizational structure. D. all of […]
Economics Chapter 11 Samuel Gompers Cigarmaking Sidney Hillman In textiles answer A53
CHAPTER 11 Rise of Corporate Capitalism in the United States, 1865 1900 MULTIPLE CHOICE 47. The industrial revolution in the US occurred a. in the late 18th century b. in the late 19th century c. in the early 20th century […]
Economics Chapter 4 The Prime Directive Says Look The Market
A. normal wages. B. residual income. C. normal profit. D. marginal profit. A. profit monitor. B. benevolent government. C. boss or supervisor. D. none of these choices. A. contracts were incomplete. B. residual income equaled normal profit. C. income was […]
Economics Chapter 10 Are The Two Parts The Mode
CHAPTER 10 25. a. forces of production. b. superstructure. c. social relationship between humans. d. a and b e. a and c 26. a. the social relations between humans. b. in particular the relationship of each class to the means […]
Economics Chapter 3 The Market Unable Allocate Resources Then There
A. market failure. B. rent seeking. C. free riding. D. efficiency. A. there is rent-seeking. B. benefits are imposed on individuals that are not part of a transactions. C. there is creative destruction. D. costs are imposed on individuals that […]
Economics Chapter 9 Socialist Protest Against Industrial Capitalism multiple Choice15
CHAPTER 9 Socialist Protest Against Industrial Capitalism MULTIPLE CHOICE 15. Gracchus Babeuf is important in the socialist tradition because a. he is the only French socialist. b. he was the first to advance the idea if an egalitarian socialist state […]
Economics Chapter 2 Property Rights Need Secure Promote Economic Development
A. only need to be found in wealthy segments of the population. B. need to be universal. C. do not promote incentives. D. do not promote efficiency A. having a self-interested population. B. proper incentives. C. the presence of property […]
Economics Chapter 8 Answer 12 Economic Progress Depends The Capacity
CHAPTER 8 Classical Liberalism Defense of Industrial Capitalism MULTIPLE CHOICE 5. The classical liberal psychological creed assumed human beings were a. egoistic b. altruistic c. misanthropic d. philanthropic 6. which is the view that a. all human actions are motivated […]
Economics Chapter 1 The Dodd frank Law Created New Regulations For
A. A firm does nothing but produce the highest quality product. B. An inability to actually produce anything. C. A firm must decide whether an additional focus on quality is worth the cost. D. The firm will definitely be successful. […]
Economics Chapter 7 Corporationa The Total Value Outstanding
CHAPTER 7 Pre-Capitalism to Industrial Capitalism in the United States 1776 1865 MULTIPLE CHOICE 75. During the American colonial period, most exports to England were a. textiles b. agricultural products c. guns and other weaponry d. tea 76. What percent […]
Economics Chapter 6 Catholic Church For The Hostilities Was Instrumental
CHAPTER 6 61. Bullionist restrictions in Spain (p. 58) a. imposed severe penalties including death for exporting gold and silver. b. were based upon the belief that a country should have the greatest possible amount of precious metals. c. were […]
Economics Chapter 5 The Key Characteristic Social Institutions Under Capitalism
CHAPTER 5 Feudalism to Capitalism in England MULTIPLE CHOICE 46. During the early middle ages, each feudal manor a. produced a large surplus for sale to nearby towns. b. traded with other feudal manors. c. was largely self-sufficient. d. produced […]