wee8 quiz

 
1.The imreal types of bargain buildings we consider in economics are indeficient race, engrossment, oligopoly, and monopsony.
True
False
 
2. The desire retreat is considered to be the epoch when a firm’s inputs are principally changeable and at last individual input is urban.
True
False
 
3.The council regulates a real engrossment by contrast value where AVC (mediocre changeable consumes) = D (demand).
True
False
 
4.Monopolies, past no hinder substitutes nor emulators pause, can value whatever they nonproduction and standingary maximize aggregate proceedss.
True
False
 
5.As race increases in bargains, the claim incurvation coercion products becomes over value springy and downward influence on values tends to accrue.
True
False
 
6. As an imindeficient emulator property over and over output, we can arrogate that at-last ultimate consumes succeed abide to mount and ultimate proceedss to lapse.
TRUE
FALSE

7. Publicly restraintcible, consumer rest succeed be primary in a indeficiently competitive bargain building.
True
False
 
8.The object where imindeficient emulators succeed value their products and deserve the primary flatten of aggregate proceedss is at the midobject of the claim incurvation where aggregate proceedss are primary on the aggregate proceeds incurvation.
True
False
 
In public, we can look-restraint eminent barriers of entrance coercion a monopolistically competitive bargain building than an oligopoly bargain building.
True
False
 
10. Monopolistic race would indicate the bargain building among which Coca-Cola and Pepsi Cola firms keep-effect.
True
False
 
11. The indeficient emulator can effect as abundantly as it nonproductions or as tiny as it nonproductions with no property on bargain value whatsoever.
True
False
 
 
12. Oligopolies and monopolies endeavor attenuate output and discipline value, thereby incurring overcapacity and devastate to fellowship.
True
False
 
13.Redistribution of proceeds from wealthier individuals to inferior-proceeds individuals by council in the coercionm of eminent ratees and alterable rate systems in-effect tends to inferior well-mannered-substance accordingly it weakens the add among efficient temper and the honor extraneous from it, encourages media to issue into devastateful rent-seeking activities, as well-mannered-mannered as eminent rate rates required to finance redistribution consequence in media substance loving toward rate accident activities.
True
False
 
14. Decreasing the percentage tariff value on an indispensable amiable-tempered-tempered succeed consequence in meaningant bargain divide coercion the coercioneign effectr in the private state.
True
False
 
15.Which bargain building can deserve desire-retreat economic produce?
a.
Indeficient race
b.
Monopolistic race
c.
Oligopoly
d.
Monopoly
e.
c and d barely
 
16. Integral firms effect where
a.
short-retreat produce are hither than desire-retreat produce
b.
mediocre aggregate consumes are meaningant than ultimate consumes
c.
ultimate proceedss are meaningant than or resembling to ultimate consumes
d.
ultimate benefits are meaningant than ultimate produce
 
17. A indeficient emulator is a __________ and can deserve economic produce ____________.
a.
value manufacturer, never
b.
value manufacturer, in twain the inextensive retreat and desire retreat
c.
value taker, in barely the inextensive retreat
d.
value taker, in twain the inextensive retreat and desire retreat
e.
value manufacturer, in barely the desire retreat
 
18.The upward-sloping faction of a desire-retreat mediocre aggregate consume incurvation is the consequence of
a.economies of lamina.
b.diseconomies of lamina.
c.subordinate produce.
d.the entity of urban media.
 
19. The code of subordinate ultimate produce explains the public pattern of the firm’s
a.
twain inextensive-retreat and desire-retreat consume incurvations.
b.
the codes of subordinate produce has molehill to do with consume incurvations.
c.
short-retreat consume incurvations.
d.
long-retreat consume incurvations.
 
20. Which of the coercionthcoming work media succeed slight keep the most inspringy accoutre schedule in the inextensive retreat?
a.
construction workers
b.
filling standing attendants
c.
dentists
d.
sales clerks
 
21. If Congress suddenly passes synod that required integral U.S. workers to take the selfselfsame annual stable, we would look-for
a.
hither ethnical consummate bombardment.
b.
a inextensiveage of workers to satisfy the last expedient jobs.
c.
a rest of workers to satisfy the quiet, expedient jobs.
d.
integral of the over.
 
22. Economic profit
a.
does not attributable attributable attributable pause in competitive bargains.
b.
provides rousing coercion investors to project intrepid projects.
c.
motivates entrepreneurial reversal.
d.
does integral of the over.
e.
is twain b and c.
 
23.The claim incurvation of the indeficient emulator is 
a.
downward sloping.
b.
upward sloping.
c.
wholly firm.
d.
wholly springy.

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24. An meaning tariff on an indispensable amiable-tempered-tempered succeed consequence in
a.
eminent private consumer values coercion that amiable-tempered.
b.
increased bargain divide coercion the private effectr.
c.
increased proceedss coercion the private council. 
d.
deadweight losses to fellowship.
e.
barely a, b, and c.
f.
a, b, c, and d.
 
25. A community benefits from interdiplomatic occupation if it
a.
exports amiable-tempered-tempered coercion which it is a abject convenience consume effectr. 
b.
imports over than it exports.
c.
exports over than it meanings.
d.
imports amiable-tempereds coercion which it is a abject convenience consume effectr.

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