Exam 31: (AP) Macroeconomics: Part B

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Rogers Communication has over a dozen products in various stages of development at any given time. For these products, nearly half will have patents before the testing stage. These patents are considered:

(Multiple Choice)

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Question 21

Which of the following is not one of the classifications used for taxes?

(Multiple Choice)

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Question 22

Do normal goods always have a positive income elasticity or a negative income elasticity?

(Multiple Choice)

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Question 23

At its most basic level, economics is considered to be the study of how people deal with ________.

(Multiple Choice)

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Question 24

Which of the following terms refers to a situation within industry in which there is only truly one seller for a particular service or good?

(Multiple Choice)

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Question 25

In a legislative meeting designed to investigate new standard of living changes, a number of politicians contemplating whether there should be an increase in minimum wages or a provision of small business tax cuts. This is an example of:

(Multiple Choice)

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Question 26

Which group within the government helps the Department of Justice to enforce antitrust laws?

(Multiple Choice)

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Question 27

Welfare economics is the field of study that examines how:

(Multiple Choice)

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Question 28

What is the correct equation for the income elasticity of demand (Ye)?

(Multiple Choice)

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Question 29

In any given economic system, the function of money is to be a:

(Multiple Choice)

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Question 30

What occurs when the long-run average cost increases as output increases?

(Multiple Choice)

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Question 31

Which of the following is not one of the factors that determine whether or not the demand for a particular good is elastic or inelastic in respect to the price?

(Multiple Choice)

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Question 32

What is it called when there is a situation in which it is too costly to prevent people who refuse to pay from enjoying the benefits of a good or a service?

(Multiple Choice)

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Question 33

What is another name for the equilibrium price?

(Multiple Choice)

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Question 34

If buyers and/or sellers do not have all of the available information about a product's prices, customers, suppliers, inputs, available markets, etc., what is this called?

(Multiple Choice)

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Question 35

Which of the following is the study of how groups and people tend to behave in strategic situations?

(Multiple Choice)

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Question 36

________ is investment in people, like training and education.

(Multiple Choice)

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Question 37

What refers to the value of the output that any given worker produces within one hour?

(Multiple Choice)

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Question 38

The main difference between nominal and real interest rates is that the latter accounts for:

(Multiple Choice)

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Question 39

Comparative advantage is the ability to produce a specific good or service at:

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Question 40

Showing 21 - 40 of 150

Exam 31: (AP) Macroeconomics: Part B

Rogers Communication has over a dozen products in various stages of development at any given time. For these products, nearly half will have patents before the testing stage. These patents are considered:

Which of the following is not one of the classifications used for taxes?

Do normal goods always have a positive income elasticity or a negative income elasticity?

At its most basic level, economics is considered to be the study of how people deal with ________.

Which of the following terms refers to a situation within industry in which there is only truly one seller for a particular service or good?

In a legislative meeting designed to investigate new standard of living changes, a number of politicians contemplating whether there should be an increase in minimum wages or a provision of small business tax cuts. This is an example of:

Which group within the government helps the Department of Justice to enforce antitrust laws?

Welfare economics is the field of study that examines how:

What is the correct equation for the income elasticity of demand (Ye)?

In any given economic system, the function of money is to be a:

What occurs when the long-run average cost increases as output increases?

Which of the following is not one of the factors that determine whether or not the demand for a particular good is elastic or inelastic in respect to the price?

What is it called when there is a situation in which it is too costly to prevent people who refuse to pay from enjoying the benefits of a good or a service?

What is another name for the equilibrium price?

If buyers and/or sellers do not have all of the available information about a product's prices, customers, suppliers, inputs, available markets, etc., what is this called?

Which of the following is the study of how groups and people tend to behave in strategic situations?

________ is investment in people, like training and education.

What refers to the value of the output that any given worker produces within one hour?

The main difference between nominal and real interest rates is that the latter accounts for:

Comparative advantage is the ability to produce a specific good or service at:

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