Which of the following can be stated as potentially true about any economy?
a. Its future location on its production possibilities frontier has no bearing on its current decisions.
b. Increased supplies of the factors of production will only affect its current location on its production possibilities frontier.
c. Increased supplies of the factors of production will cause its future location to expand inward.
d. Its current choice of positions on its production possibilities frontier helps determine its future location.
Answer: d. Its current choice of positions on its production possibilities frontier helps determine its future location.
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One problem with the utilitarian principle is that it ignores
A) increasing marginal costs. B) decreasing marginal benefits. C) the costs of making income transfers. D) poor people.
Which of the following serves as the central banker for private banks in the United States?
A. The 12 regional Federal Reserve banks. B. The Executive Branch of government. C. The Board of Governors of the Federal Reserve System. D. The Fed Open Market Committee.
Fundamental analysis shows that Quadrangle Company is fairly valued. Then Quadrangle Company unexpectedly improves its production techniques and unexpectedly hires a new CEO away from another very successful competitor. Suppose this has no effect on the price of the stock of Quadrangle Company
a. Fundamental analysis would now show the corporation is overvalued. The fact that the price was unchanged is consistent with the efficient markets hypothesis. b. Fundamental analysis would now show the corporation is overvalued. The fact that the price was unchanged is not consistent with the efficient markets hypothesis. c. Fundamental analysis would now show the corporation is undervalued. The fact that the price was unchanged is consistent with the efficient markets hypothesis. d. Fundamental analysis would now show the corporation is undervalued. The fact that the price was unchanged is not consistent with the efficient markets hypothesis.
Special interest groups are subsets of __________ that hold (usually) intense preferences for or against a particular government service, activity, or policy
A) the general population B) bureaucrats C) elected officials D) candidates for political office E) all of the above