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1041EconomicsMedium

The smallest percentage of the poor consists of________?

Awomen

Bminorities

Cchildren

Dthe elderly

Correct answer

D. the elderly

Explanation

The correct answer is the elderly.

1042EconomicsMedium

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an)?

Aexport quota

Bdomestic subsidy

Cexport subsidy

Dimport quota

Correct answer

D. import quota

Explanation

The correct answer is import quota.

1043EconomicsMedium

The Marxian model of class structure divided the population into________?

Asix or seven layers

Bthe haves and the have nots

Cquintiles

Dthe bourgeoisie and the proletariat

Correct answer

D. the bourgeoisie and the proletariat

Explanation

The correct answer is the bourgeoisie and the proletariat.

1044EconomicsMedium

A monopolistic market has?

Amany buyers and sellers

Bonly one seller

Cfirms that are price takers

Dnone of these answers

Correct answer

B. only one seller

Explanation

The correct answer is only one seller.

1045EconomicsMedium

The difference between a bank’s actual reserves and its required reserves is its?

Arequired reserve ratio

Bnet worth

Cexcess reserves

Dprofit margin

Correct answer

C. excess reserves

Explanation

The correct answer is excess reserves.

1046EconomicsMedium

When the State Bank wants to decrease money supply in the country, it ________?

ASells govt. securities

BBuys govt. securities in stock market

CLowers discount rate

DB and C of above

Correct answer

A. Sells govt. securities

Explanation

The correct answer is Sells govt. securities.

1047EconomicsMedium

The marginal product model assumes that?

Aindividuals pay the full cost of their education

Beducation persons migrate more

Cgovernment subsidizes schooling

Dcapital and unskilled labor are complements

Correct answer

A. individuals pay the full cost of their education

Explanation

The correct answer is individuals pay the full cost of their education.

1048EconomicsMedium

Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists?

Adisagree because they have different values

BDisagree because they have different scientific judgments

Creally don’t disagree at all. It just appears that they disagree

DNone of these answers

Correct answer

B. Disagree because they have different scientific judgments

Explanation

The correct answer is Disagree because they have different scientific judgments.

1049EconomicsMedium

Which country has the largest area in the world?

AIndia

BCanada

CRussia

DChina

Correct answer

C. Russia

Explanation

The correct answer is Russia.

1050EconomicsMedium

Historically nations are impacted by________?

ABOTH fluctuations in the distribution of power and technological progress

Bchange in the distribution of power

Cclimactic changes from the ice age to global heating

Dtechnological progress

Correct answer

A. BOTH fluctuations in the distribution of power and technological progress

Explanation

The correct answer is BOTH fluctuations in the distribution of power and technological progress.

The marginal product model assumes that?

Aindividuals pay the full cost of their education

Beducation persons migrate more

Cgovernment subsidizes schooling

Dcapital and unskilled labor are complements

Correct answer

A. individuals pay the full cost of their education

Explanation

The correct answer is individuals pay the full cost of their education.

Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists?

Adisagree because they have different values

BDisagree because they have different scientific judgments

Creally don’t disagree at all. It just appears that they disagree

DNone of these answers

Correct answer

B. Disagree because they have different scientific judgments

Explanation

The correct answer is Disagree because they have different scientific judgments.

Historically nations are impacted by________?

ABOTH fluctuations in the distribution of power and technological progress

Bchange in the distribution of power

Cclimactic changes from the ice age to global heating

Dtechnological progress

Correct answer

A. BOTH fluctuations in the distribution of power and technological progress

Explanation

The correct answer is BOTH fluctuations in the distribution of power and technological progress.