Questions from General Economics

Q: Stock market crashes tend to result when stocks get _______ their fundamental

Stock market crashes tend to result when stocks get _______ their fundamental values. a) too far below b) too close to c) too far above d) confused with

Q: A union that trains and restricts supply has an effect on the

A union that trains and restricts supply has an effect on the supply curve that moves it to the ______ and, at a point, makes it _______. a) left; vertical b) left; horizontal c) right; vertical d)...

Q: One significant feature of a “single-payer” system lacking

One significant feature of a “single-payer” system lacking in the U.S. system is a) government involvement in health care. b) coverage for the elderly. c) coverage for the poor. d) universal cover...

Q: The impact of Walmart on its suppliers is a) unambiguously

The impact of Walmart on its suppliers is a) unambiguously positive. b) unambiguously negative. c) positive and negative in that Walmart enlarges the market for their products but demands a much lo...

Q: Economists call the increase in insurance costs that resulted from the September

Economists call the increase in insurance costs that resulted from the September 11th attacks an _____ shock which leads to the ________. a) aggregate demand; aggregate demand curve shifting left b)...

Q: The percentage that casinos make on the average bet is called the

The percentage that casinos make on the average bet is called the a) vig. b) rip. c) take. d) rob.

Q: The average cost per crime has been estimated at between a

The average cost per crime has been estimated at between a) $500 and $2,500. b) $1,000 and $10,000. c) $10,000 and $100,000. d) $100,000 and $1,000,000.

Q: Standard Oil’s trust involved monopolizing a) gas stations only.

Standard Oil’s trust involved monopolizing a) gas stations only. b) oil exploration only. c) refining. d) all aspects of the petroleum industry.

Q: If a woman does not get an interview for a job requiring

If a woman does not get an interview for a job requiring heavy lifting because the manager has noted that the average women can lift less than the average man, this is a) a legal example of statistic...

Q: Which of the following had the effect of decreasing income inequality?

Which of the following had the effect of decreasing income inequality? a) The increase in the female labor force participation rate b) The increase in globalization of capital c) The increase in gl...