Copy of Eco Quiz

Which of the following is least incorrect for imperfect competition?

If average variable costs exceed average revenue then a firm is most likely:

When can a firm increase profits by decreasing its outputs?

Which of the following best describes the relationship between price and cost when competitive markets are in equilibrium?

An oligopoly is not likely to have:

Consistent with the prisoners’ dilemma;

A great deal of unemployment, & employers ask employees for overtime rather than hiring new staff, we are at which stage of the business cycle?

During estimating economic indicators, the process of principal components analysis is described as:

Within expansion, inventory-to-sales ratio will :

C.A weakening economy coincides with easy credit, a strengthening economy with tight credit.

Within the recovery phase of the business cycle, capital spending will be:

Which of the following is incorrect with regard to a money multiplier?

After a central bank’s sale of securities in the open market, which of the following will not take place?

The combination of expansionary fiscal policy and contractionary monetary policy will result in:

Increasing money supply will:

When some countries agree to use common trade documentation, this is an example of:

When a country shows a high level of globalization & a low level of political cooperation. It is most likely to be described as :

A tariff on imported goods will not lead to a higher level of:

a coordination of economic policies is a feature of:

When a currency is to fluctuate within a 1% band of another currency, and is maintained by monetary policy and foreign exchange trading, then the exchange rate regime is best described as: