How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Bizhelp Your Own Question

Bizhelp
Bizhelp, CPA
Category: Homework
Satisfied Customers: 5725
Experience:  Bachelors Degree and CPA with Accounting work experience
Type Your Homework Question Here...
Bizhelp is online now
A new question is answered every 9 seconds

NEED BACK IN 30 MINUTES: WILL TIP When calculating the

Resolved Question:

NEED BACK IN 30 MINUTES: WILL TIP

When calculating the cost of college, which of the following should you probably not include? (Points : 1)
The cost of tuition
The cost of books required for college classes
The income you would have earned had you not gone to college
The cost of rent for your off-campus apartment.


2. In the early 1980s, U.S. economic policy was directed toward reducing inflation. What would you have expected to observe during this short period of time? (Points : 1)
Inflation fell and unemployment fell.
Inflation and unemployment were both unaffected.
Inflation fell and unemployment increased.
Inflation fell and unemployment was unchanged.


3. Samantha’s college raises the cost of room and board per semester. This increase raises Samantha’s opportunity cost of attending college (Points : 1)
even if the amount she would have to pay for room and board if she didn’t attend college rose by the same amount. An increase in opportunity cost reduces Samantha’s incentive to attend college.
even if the amount she would have to pay for room and board if she didn’t attend college rose by the same amount. An increase in opportunity cost increases Samantha’s incentive to attend college.
only if the amount she would have to pay for room and board if she didn’t attend college rose by less than the increase in the amount her college charges. An increase in opportunity cost reduces Samantha’s incentive to attend college.
only if the amount she would have to pay for room and board if she didn’t attend college rose by less than the increase in the amount her college charges. An increase in opportunity cost increases Samantha’s incentive to attend college.


4. Which of the following is a principle concerning how people interact? (Points : 1)
Markets are usually a good way to organize economic activity.
Rational people think at the margin.
People respond to incentives.
All of the above are correct.


5. Market economies are distinguished from other types of economies largely on the basis of (Points : 1)
the political affiliations of government officials.
the process by which government officials are elected or appointed.
the ways in which scarce resources are allocated.
the number of retail outlets available to consumers.


6. To increase living standards, public policy should (Points : 1)
ensure that workers are well educated and have the necessary tools and technology.
make unemployment benefits more generous.
move workers into jobs directly from high school.
ensure a greater degree of equality, taking all income-earners into account.


7. The collapse of communism in the Soviet Union and Eastern Europe took place mainly in the (Points : 1)
1960s.
1970s.
1980s.
1990s.


8. Which of the following claims is consistent with the views of mainstream economists? (Points : 1)
If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will temporarily fall.
If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will temporarily rise.
If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will permanently fall.
If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will permanently rise.


9. In a particular country in 2000, the average worker needed to work 40 hours to produce 55 units of output. In that same country in 2008, the average worker needed to work 30 hours to produce 45 units of output. In that country, the productivity of the average worker (Points : 1)
decreased by about 6 percent between 2000 and 2008.
remained unchanged between 2000 and 2008.
increased by about 9 percent between 2000 and 2008.
increased by about 18 percent between 2000 and 2008.


10. To say that government intervenes in the economy to promote efficiency is to say that government is attempting to (Points : 1)
create a more fair distribution of income.
change the way in which the economic pie is divided.
enlarge the economic pie.
All of the above are correct.


11. The business cycle is the (Points : 1)
relationship between unemployment and inflation.
irregular fluctuations in economic activity.
positive relationship between the quantity of money in an economy and inflation.
predictable changes in economic activity due to changes in government spending and taxes.


12. Low rates of inflation are generally associated with (Points : 1)
low rates of government spending.
small or nonexistent government budget deficits.
low rates of productivity growth.
lo
Submitted: 2 years ago.
Category: Homework
Expert:  Bizhelp replied 2 years ago.
Hi,

Thanks for the questions.

It looks like something got cut off. Are there 12 questions or more? What is the last choice for #12?
Customer: replied 2 years ago.

There are 20 questions total. Here are the last 9 (cut off from #12).




12. Low rates of inflation are generally associated with
(Points : 1)


low rates of government
spending.
small or nonexistent government
budget deficits.

low rates of productivity
growth.

low rates of growth of the quantity of
money.












13. In the United States, incomes historically have grown
about 2 percent per year. At this rate, average income doubles every (Points :
1)
15 years.

25 years.

35 years.

45 years.













14. The famous observation that households and firms
interacting in markets act as if they are guided by an "invisible hand" that
leads them to desirable market outcomes comes from whose 1776 book? (Points : 1)

David Ricardo

Thorstein Veblen

John Maynard Keynes
XXXXX XXXXX













15. One of the 20th century's worst episodes of inflation
occurred in (Points : 1)
the United States in the
1960s.

Italy in the 1950s.

Russia in the 1930s.

Germany in the 1920s.













16. The fact that different countries experience different
standards of living is largely explained by differences in those countries'
(Points : 1)

populations.
productivity
levels.

locations.

none of the above; economists are puzzled by
differences in standards of living around the world.













17. The economy of the former Soviet Union is best
described as a (Points : 1)

primitive economy.

market economy.

hybrid economy.
centrally-planned
economy.













18. An example of a firm with market power is a (Points :
1)

delicatessen in New
York.
cable TV provider in St.
Louis.

clothing store in Los
Angeles.

family farm in Illinois.













19. For which of the following problems can well-designed
public policy enhance economic efficiency? (Points : 1)

both externalities and market
power

externalities, but not market
power

market power, but not
externalities

neither externalities nor market
power













20. One reason we need government, even in a market
economy, is that (Points : 1)

there is insufficient market power in the
absence of government.

property rights are too strong in the absence of
government.

the invisible hand is not
perfect.
Both a and b are
correct.
Expert:  Bizhelp replied 2 years ago.
OK, I did not know there were 20 questions. It might take about 10-15 more minutes.
Customer: replied 2 years ago.

That is fine, but I will need it back in 10- 15 minutes. Thanks for your help!

Expert:  Bizhelp replied 2 years ago.
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
Bizhelp, CPA
Category: Homework
Satisfied Customers: 5725
Experience: Bachelors Degree and CPA with Accounting work experience
Bizhelp and 6 other Homework Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4520
    More than 5000 online tutoring sessions.
< Last | Next >
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4520
    More than 5000 online tutoring sessions.
  • http://ww2.justanswer.com/uploads/LI/lindaus/2012-6-10_04811_IMG20120609164157.64x64.jpg Linda_us's Avatar

    Linda_us

    Finance, Accounts & Homework Tutor

    Satisfied Customers:

    3121
    Post Graduate Diploma in Management (MBA)
  • http://ww2.justanswer.com/uploads/ComputersGuru/2010-02-13_051118_Photo41.JPG LogicPro's Avatar

    LogicPro

    Engineer

    Satisfied Customers:

    3035
    Expert in Java C++ C C# VB Javascript Design SQL HTML
  • http://ww2.justanswer.com/uploads/lanis/2009-4-1_233717_phput9xef_c1pm.jpg Lani S.'s Avatar

    Lani S.

    Tutor

    Satisfied Customers:

    2457
    Registered Nurse, Internet Researcher, Private Tutor
  • http://ww2.justanswer.com/uploads/chooser77/2009-08-18_162025_Chris.jpg Chris M.'s Avatar

    Chris M.

    M.S.W. Social Work

    Satisfied Customers:

    2341
    Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
  • http://ww2.justanswer.com/uploads/JawaadAhmed/2009-6-27_12137_SIs_SHadi.jpg F. Naz's Avatar

    F. Naz

    Chartered Accountant

    Satisfied Customers:

    1975
    Experience with chartered accountancy
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg Bizhelp's Avatar

    Bizhelp

    CPA

    Satisfied Customers:

    1873
    Bachelors Degree and CPA with Accounting work experience