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FOR LINDA 11. In 2004, a household with an annual income of
FOR LINDA 11. In 2004, a household with an annual income of \$20,000 would find itself in the: Answer highest quintile of the household income distribution. lowest quintile of the household income dist… read more
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11.http //imageshack.us/photo/my-images/84/unlednfn.jpg/ 12.Tariffs
11.http://imageshack.us/photo/my-images/84/unlednfn.jpg/ 12.Tariffs create larger gains to domestic producers than losses to domestic consumers. Answer True False 13.The percentage of the United State… read more
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FOR LINDA 31. http //imageshack.us/photo/my-images/853/unledawis.jpg/ 32.
FOR LINDA 31. http://imageshack.us/photo/my-images/853/unledawis.jpg/ 32. http://imageshack.us/photo/my-images/638/unledwsx.jpg/ 33. Authoritative estimates suggest that currently union workers on the… read more
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FOR LINDA 41. Economic profit affects Answer the allocation
FOR LINDA 41. Economic profit affects: Answer the allocation of resources, but not the level of resource use. the level of resource use, but not the allocation of resources. the allocation of resource… read more
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21. http //imageshack.us/photo/my-images/263/unledfgr.jpg/ 22.
21. http://imageshack.us/photo/my-images/263/unledfgr.jpg/ 22. Producers should hire resources until the total output of each is equal. Answer True False 23. The elasticity of resource demand measures… read more
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26.Capitalist income (corporate profits, interest, and rent)
26.Capitalist income (corporate profits, interest, and rent) has: Answer declined sharply since 1900 because of the growing strength of labor unions. remained approximately constant in this century. i… read more
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16.Economic profit is most closely associated with Answer the
16.Economic profit is most closely associated with: Answer the process of saving and investing. monopoly, innovation, and uninsurable risks. long-run competitive equilibrium. a static economy. 17.Unli… read more
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31. http //imageshack.us/photo/my-images/62/unledgm.jpg/ 32.
31. http://imageshack.us/photo/my-images/62/unledgm.jpg/ 32. The theory that R&D expenditures as a percentage of firms' sales first rise, reach a peak, and then fall with increases in industry concent… read more
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11. Pork-barrel legislation that contains funding for hundreds
11."Pork-barrel" legislation that contains funding for hundreds of separate special products scattered throughout numerous states often reflects: Answer the paradox of voting. logrolling. the benefits… read more
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6.http //imageshack.us/photo/my-images/641/unledtib.jpg/ 7.The
6.http://imageshack.us/photo/my-images/641/unledtib.jpg/ 7.The MB curves in the above diagram slope downward because of the law of: Answer conservation of matter and energy. diminishing returns. dimin… read more
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11.If the nominal wages of carpenters rose by 5 percent in
11.If the nominal wages of carpenters rose by 5 percent in 2,000 and the price level increased by 3 percent, then the real wages of carpenters: Answer decreased by 2 percent. increased by 2 percent. i… read more
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1.Seniority pay is the same as piece rate pay. Answer True False 2.http //imageshac
1.Seniority pay is the same as piece rate pay. Answer True False 2.http://imageshack.us/photo/my-images/59/unledjig.jpg/ 3.If the minimum wage is set too high, in some labor markets we can expect to s… read more
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6. An important similarity between a monopolistically competitive
6. An important similarity between a monopolistically competitive firm and a purely competitive firm is that: Answer both face perfectly elastic demand schedules. economic profit tends toward zero for… read more
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21. http //imageshack.us/photo/my-images/808/unledwwn.jpg/ 22.
21. http://imageshack.us/photo/my-images/808/unledwwn.jpg/ 22. There is some evidence to suggest that X-inefficiency is: Answer absent whenever two or more producers are competing with one another. no… read more
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26. http //imageshack.us/photo/my-images/546/unledmeu.jpg/ 27.
26. http://imageshack.us/photo/my-images/546/unledmeu.jpg/ 27. http://imageshack.us/photo/my-images/42/unledlly.jpg/ 28. http://imageshack.us/photo/my-images/13/unlediqv.jpg/ 29. Extensive network eff… read more
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15.http //imageshack.us/photo/my-images/51/unledthw.jpg/ 16.http //imageshack.us/photo/
15.http://imageshack.us/photo/my-images/51/unledthw.jpg/ 16.http://imageshack.us/photo/my-images/402/unledmsy.jpg/ 17.Each point on a single indifference curve reflects the same level of total utility… read more
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23. In order to study the macroeconomy we must combine the
23. In order to study the macroeconomy we must combine the prices and quantities generated in single-product markets into broad aggregates. Answer True False 24. http://imageshack.us/photo/my-images/7… read more
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I have a set of Economic questions. I will post individually
I have a set of Economic questions. I will post individually so you get credit for each one. They are multiple choice. Help please… read more
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