defectedEconomics (1 Assessment)

2021年1月20日发(作者：affects)
Economics

1
of 24
Assume that the after-tax equilibrium occurs at (
P
,Q
) with a pretax equilibrium at (
P
,Q
),
where
P
=
P
and
Q
<
Q
. This is
most likely
to occur if the government imposes a per unit
tax on the:
buyer only.


1
x
1
x
1
1
x
x
buyer and the seller.


seller only.


2
of 24
Which of the following is the
least likely
outcome when a monopolist adopts first-degree price
discrimination because of customers' differing demand elasticities?
The monopolist shares the total surplus with consumers.


The output increases to the point at which price equals the marginal cost.


The price for a marginal unit decreases to less than the price for other units.


3
of 24
If a central bank reduces the money supply, this move will
most likely
lead to a:
rise in nominal interest rates and a decline in aggregate price level.


rise in nominal interest rates and a rise in aggregate price level.


decline in nominal interest rates and a rise in aggregate price level.


4
of 24
The unemployment rate is
best
described as the ratio of unemployed to:
labor force minus frictionally unemployed.


total population of people who are of working age.


labor force.


5
of 24
Assume that the central bank reduces the reserve requirement. The
most likely
effect will be:
1

an increase in the money multiplier.


a decrease in new deposits.


a decrease in the money supply.


6
of 24
Under conditions of perfect competition, in the long run companies will
most likely
earn:
positive accounting profit and negative economic profit.


zero accounting profit and positive economic profit.


normal profit and zero economic profit.


7
of 24
A new technology that reduces employee illness will
most likely
decrease:
demand-pull inflation.


cost-push inflation.


cost-pull inflation.


8
of 24
Which of the following is
least likely
to affect the growth of the economy?
When capital depreciation exceeds gross investment within the economy


An increase in the labor force that is offset by a decrease in the average hours worked

per worker, making the total hours worked unchanged

The workforce attending an average of 20 hours of training per year


9
of 24
If the prices of substitute resources decrease, the demand for a given resource will
most likely
:
remain unchanged.


increase.


decrease.


10
of 24
2

Assume that the nominal spot exchange rate (USD/EUR) increases by 7.5%, the eurozone
price level decreases by 4%, and the U.S. price level increases by 2.5%. The change in the
real exchange rate (%) is
closest
to:
14.8%.


0.7%.


–
6.3%.


11
of 24
If a price cut of a product increases total revenue, demand is
best
described as:
elastic.


unit elastic.


inelastic.


12
of 24
Assume economic activity is accelerating, inflation is increasing modestly, and unemployment
is low. The economy is
most likely
in which phase of the business cycle?
Peak


Early expansion


Late expansion


13
of 24
A power generation company is a monopoly that has very high barriers to entry. The quantity
demand (
Q
D
) for its product is
Q
D
= 800
–
0.25 ×

P
(where
P
is price). The slope of the
marginal revenue curve is
closest
to:
–
0.25.


–
8.00.


–
4.00.


14
of 24
Assume the following:

An individual consumer’s demand for tea

3

Q
t

= 1,800
–
40
P
t
+ 0.5
I
+ 150
P
c

d