Questions from General Economics


Q: The reason the Greek’s didn’t use a plan similar to TARP to

The reason the Greek’s didn’t use a plan similar to TARP to save their banks was that a) the Greek Central Bank had no funds. b) the interest rates Greece would have had to pay on the loans would ha...

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Q: Free trade agreements a) are just that, about tariff

Free trade agreements a) are just that, about tariff and quota-free trade. b) have very little to do with the trade of goods and services and more to do with currency exchange. c) are about making...

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Q: Decriminalizing a drug is likely to lead to a price decrease if

Decriminalizing a drug is likely to lead to a price decrease if a) the anticipated supply effect is greater than the anticipated demand effect. b) the anticipated demand effect is greater than the a...

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Q: When tackling local environmental problems, taxes and regulations can be useful

When tackling local environmental problems, taxes and regulations can be useful. The reason that global problems (like global warming) are more difficult to control is that a) it is in every country’...

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Q: If you have a $2000 covered health expense, a deductible

If you have a $2000 covered health expense, a deductible of $500, and a 20% co-pay, then you pay _____ and the insurance company pays _____. a) $1500, $500 b) $1000, $1000 c) $800, $1200 d) $700,...

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Q: Medicaid spending per recipient is a) twice that of the

Medicaid spending per recipient is a) twice that of the average citizen’s use of health care. b) somewhat less than the average citizen’s use of health care. c) somewhat greater than the average ci...

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Q: The market form for a new drug in an area where there

The market form for a new drug in an area where there are no competitors is a) perfect competition. b) monopolistic competition. c) oligopoly. d) monopoly.

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Q: Economists insist that bankruptcy laws are always harmful to a well-

Economists insist that bankruptcy laws are always harmful to a well-functioning economy. a) True b) False

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Q: The concern that gambling affects not only the gambler and casino but

The concern that gambling affects not only the gambler and casino but others is called a _____ and suggests that there would be too _______ production in an unregulated or untaxed market. a) positive...

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Q: Suppose your grandmother told you (today) that she had set

Suppose your grandmother told you (today) that she had set aside an amount of money in a savings account baring 3 percent interest that was sufficient to give you a $5,000 graduation present in exactl...

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