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3251EconomicsMedium

The school of thought that considers power to be brokered by various interest groups is called________?

Apower elitism

Bauthoritarianism

Cpluralism

Dabsolute power

Correct answer

C. pluralism

Explanation

The correct answer is pluralism.

3252EconomicsMedium

Which of the following refers to Piaget,s developmental theory?

APersonality development proceeds in stages related to sensorimotor maturation

BBehavior is the product of genetic predispositions

CThe most important influence on personality development is social class

DPersonality development acts independently of physical development

Correct answer

A. Personality development proceeds in stages related to sensorimotor maturation

Explanation

The correct answer is Personality development proceeds in stages related to sensorimotor maturation.

3253EconomicsMedium

Union might increase efficiency in the case Where they?

ALower the wage of local outsiders

BOffset the market power of a large firm that is the dominant employer in a region

CThreaten a strike but don’t actually follow through so there are not lost hours of work

DRaise the wage for insiders above the competitive equilibrium

Correct answer

B. Offset the market power of a large firm that is the dominant employer in a region

Explanation

The correct answer is Offset the market power of a large firm that is the dominant employer in a region.

3254EconomicsMedium

individuals who hold lesser positions and make less money than their parents are displaying________?

Aintergenerational mobility

Bhorizontal mobility

Cstatus inconsistency

Dintragenerational mobility

Correct answer

A. intergenerational mobility

Explanation

The correct answer is intergenerational mobility.

3255EconomicsMedium

Which of the following is not true with regard to workers who have a high value of marginal product? These workers?

Aare usually highly paid

Bproduce output for which there is great demand

Cusually have little capital with which to work

Dhave skills that are in relatively scarce supply

Correct answer

C. usually have little capital with which to work

Explanation

The correct answer is usually have little capital with which to work.

3256EconomicsMedium

One source of inefficiency in monopolistic competition is that since price is above marginal cost, some units are not produced that buyers value in?

Amonopolistically competitive firms earn economic profits in the long run

Bmonopolistically competitive firms produce beyond their efficient scale

Cexcess of the cost of production and this causes a deadweight loss.

DSince price is above marginal cost surplus is redistributed from buyers to sellers

Correct answer

C. excess of the cost of production and this causes a deadweight loss.

Explanation

The correct answer is excess of the cost of production and this causes a deadweight loss..

3257EconomicsMedium

As consequence of rural urban migration?

AMore and more urbanization is taking place N successfully

BNone of the above

CRuralization of Urban areas is taking place

DRuralization of Urban areas and ripid growth seem to be the result

Correct answer

D. Ruralization of Urban areas and ripid growth seem to be the result

Explanation

The correct answer is Ruralization of Urban areas and ripid growth seem to be the result.

3258EconomicsMedium

Referring to the above table, the U.S balance of international indebtedness suggests that the U.S is a net?

Acreditor

Bdebtor

Cspender

Dexporter

Correct answer

A. creditor

Explanation

The correct answer is creditor.

3259EconomicsMedium

If the home country government grants a subsidy on a domestically produced good domestic producers tend to?

AIncrease their level of production

Bconsider the subsidy as a increase in production cost

CCapture the entire subsidy in the form of higher profits

Dreduce wages paid to domestic workers

Correct answer

A. Increase their level of production

Explanation

The correct answer is Increase their level of production.

3260EconomicsMedium

In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system?

ALand based system

BMilitary system

CRural system

DFeudal system

Correct answer

D. Feudal system

Explanation

The correct answer is Feudal system.

Which of the following refers to Piaget,s developmental theory?

APersonality development proceeds in stages related to sensorimotor maturation

BBehavior is the product of genetic predispositions

CThe most important influence on personality development is social class

DPersonality development acts independently of physical development

Correct answer

A. Personality development proceeds in stages related to sensorimotor maturation

Explanation

The correct answer is Personality development proceeds in stages related to sensorimotor maturation.

Union might increase efficiency in the case Where they?

ALower the wage of local outsiders

BOffset the market power of a large firm that is the dominant employer in a region

CThreaten a strike but don’t actually follow through so there are not lost hours of work

DRaise the wage for insiders above the competitive equilibrium

Correct answer

B. Offset the market power of a large firm that is the dominant employer in a region

Explanation

The correct answer is Offset the market power of a large firm that is the dominant employer in a region.

Which of the following is not true with regard to workers who have a high value of marginal product? These workers?

Aare usually highly paid

Bproduce output for which there is great demand

Cusually have little capital with which to work

Dhave skills that are in relatively scarce supply

Correct answer

C. usually have little capital with which to work

Explanation

The correct answer is usually have little capital with which to work.

One source of inefficiency in monopolistic competition is that since price is above marginal cost, some units are not produced that buyers value in?

Amonopolistically competitive firms earn economic profits in the long run

Bmonopolistically competitive firms produce beyond their efficient scale

Cexcess of the cost of production and this causes a deadweight loss.

DSince price is above marginal cost surplus is redistributed from buyers to sellers

Correct answer

C. excess of the cost of production and this causes a deadweight loss.

Explanation

The correct answer is excess of the cost of production and this causes a deadweight loss..

As consequence of rural urban migration?

AMore and more urbanization is taking place N successfully

BNone of the above

CRuralization of Urban areas is taking place

DRuralization of Urban areas and ripid growth seem to be the result

Correct answer

D. Ruralization of Urban areas and ripid growth seem to be the result

Explanation

The correct answer is Ruralization of Urban areas and ripid growth seem to be the result.

If the home country government grants a subsidy on a domestically produced good domestic producers tend to?

AIncrease their level of production

Bconsider the subsidy as a increase in production cost

CCapture the entire subsidy in the form of higher profits

Dreduce wages paid to domestic workers

Correct answer

A. Increase their level of production

Explanation

The correct answer is Increase their level of production.