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BigGuy

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Country A has a greater measured income inequality than Country B. Which of the following statements describes the Gini coefficients of both countries? A. Country A has a Gini coefficient of 25% and Country B has a Gini...
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The United Kingdom currently has a trade deficit with New Zealand. If the U.K. pound sterling appreciates relative to the New Zealand dollar, which of the following correctly explains the effect on the U.K.'s demand for...
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Which of the following resulted from the recent renegotiation of NAFTA? A. Government contracts were offered to all members B. The economic gap decreased between member nations C. A uniform currency was established for a...
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Which of the following will likely occur if Israel imposes a quota on automobiles imported from the United States? A. Israeli consumers will purchase fewer automobiles; and Israeli producers will manufacture fewer automo...
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If Country A uses all of the resources at its disposal, it can produce a maximum of 500 watches or 200 televisions. Within the same time frame, if Country B uses all of its resources, it can produce a maximum of 200 watc...
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What monetary policies should the Federal Reserve enact to combat higher inflation rate for consumer goods and services? A. Enact expansionary monetary policies to increase the money supply. B. Enact contractionary monet...
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What is the discount rate? A. The discount rate is the interest rate banks charge each other for overnight and short-term lending B. The discount rate is the interest rate at which the Federal Reserve charges to financia...
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Consider governments and corporations. Which one frequently ignores cost-benefit analysis, and which one almost always tries to efficiently balance costs and benefits? Explain. A. Corporations frequently ignore cost-bene...
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Were Social Security and Medicare the largest contributors of revenue for the federal government in Fiscal Year 2019? Explain. A. No, because individual income taxes contributed about $1.718 trillion in Fiscal Year 2019...
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How does Medicaid compare to Medicare? Explain. A. Medicaid is funded by state and federal governments and provides health coverage based on financial need. Medicare is a federal government health-care insurance program...
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If the consumer price index is 105 in Year One and 110 in Year Two, what is the rate of inflation from Year One to Year Two?
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How does demand-pull inflation occur? A. falling demand levels B. aggregate demand exceeding aggregate supply C. falling supply levels D. aggregate supply exceeding aggregate demand
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Which type of unemployment is the product of a healthy economy? A. Unemployment as a result of a mismatch of the skills of workers and the skills needed by employers B. None, unemployment is the result of an unhealthy ec...
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An investor purchased 50 shares of stock in a company in 2015. At the time the investor purchased the stock, the value of the stock was priced at $5 per share. The investor sold all 50 shares of stock in 2019. The value...
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Explain why investors purchase stocks from a company. A. Owning stocks is risk-free because the company earns revenues, which are given to stockholders B. Stocks are an asset that can be quickly converted to cash and can...
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Which statement defines financial investment? A. It is the buying of capital goods B. It is the buying and selling of financial assets C. It is the network that facilitates the exchange of funds D. It is the expected ear...
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What occurred because of the Free Banking Era in the US? A. The US banking system experienced decentralization B. Land became easier to purchase C. Monetary reserves increased D. Banks were unable to print more money
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What impacts did the decentralization of the U.S. banking system during the free banking era have on the currency in the United States? Select the two correct answers. A. The purchasing power of currencies issued by stat...
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Which of these statements is true about money? A. Money retains the same value permanently B. Money does not provide a standard unit of measurement C. Money maintains purchasing power over time D. Money stays at the same...
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Which statement correctly describes a union shop? A. Non-union members can be hired provided they join the union within a specified time. B. Both non-union workers receive the same benefits and wages. C. The worker must...
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How do consumer cooperatives increase the consumption capabilities and purchasing power of their members? A. The 501(c)(3) tax code allows consumer cooperatives to receive discounts on their purchases of goods. B. Consum...
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Which of the following is a primary difference between a privately held corporation and a public corporation? A. Public corporations may issue stock B. Privately held corporations may issue stock C. Shares of public corp...
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How does a firm calculate marginal cost? A. By adding up its variable costs and fixed costs B. By dividing the change in total cost by the change in output C. By dividing the change in output by the change in total cost...
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If income levels of consumers within a given economy increase, what would happen to the demand curve for cell phones, a normal good, and the demand curve for instant noodles, an inferior good? A. The demand curve for cel...
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If a section of a demand curve is elastic, what will happen to the quantity demanded if there is an increase in price? A. There will be a demand decrease greater than the size of price change B. There will be a demand de...
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