F.A.Q. Rules & Regulations Contacts Forum

F.A.Q. Rules & Regulations Contacts Forum

Question 1

According to the Phillips curve, in the short run contractionary policies will lead to higher rates of

inflation.

unemployment.

employment

all of the above.

Question 2

Refer to diagram ‘Figure A’

After specialization and trade,

country A could double its consumption of shoes.

country B could consume fifty percent more television than before.

the total production for the two countries combined can be 300 shoes and 100 televisions.

all of the above.

Question 3

Which of the following is least likely to lead to economic growth? Increasing:

technology.

productivity.

quantity of labor.

marginal productivity of labor.

investment in capital.

Question 4

Commercial banks increase the money supply when

the amount of new loans exceeds old loans paid off.

the amount of new loans is less than old loans paid off.

currency is exchanged for demand deposits.

they reduce the reserve requirement.

none of the above.

Question 5

0 / 4 pts

Looking at average growth in real GDP by decade reveals that it

has fallen each decade since the 1960s.

is increasing over time.

was highest in the 1970s.

has been stable over time.

none of the above.

Question 6

0 / 4 pts

The efficiency effects of inflation refer to the effects of inflation on

the pattern of resource allocation.

the level of production.

the money supply.

the distribution of income.

none of the above.

Incorrect

Question 7

0 / 4 pts

Which of the following changes in financial markets contributed to the financial crisis in 2008?

increased use of collateralized debt obligations.

the advent of credit default swaps.

accounting rule changes

an increase in risky subprime loans.

all of the above.

Incorrect

Question 8

0 / 4 pts

The equation of exchange states

the supply of money times the velocity of money equals the price times the quantity of goods traded.

the amount of money spent equals the value of the goods sold.

the monetary value of purchases must equal the monetary value of sales.

all of the above.

Incorrect

Question 9

0 / 4 pts

Refer to diagram ‘Figure B ‘

If the government eliminates L as the exchange rate ceiling, then

the price of the peso will move towards its equilibrium level of A.

the shortage of pesos at price L will include buyers of Mexican goods to bid up the exchange rate.

the balance of payments deficit of NR will be eliminated.

the United States will import less from Mexico.

all of the above.

Incorrect

Question 10

0 / 4 pts

An efficient level of government expenditures is that level where

total net benefits to society are maximized.

the marginal benefits per dollar spent in the public sector of the economy is less than marginal benefits per dollar spent in the private sector.

total benefits to society are maximized.

all of the above.

both (b) and (c).

Incorrect

Question 12

0 / 4 pts

Historical data suggest that, over time, the average length of a business cycle is

increasing.

decreasing.

30 months.

stable.

none of the above.

Incorrect

Question 13

0 / 4 pts

The average product of labor is

positively related to economic growth.

the output produced per worker.

the total product of labor divided by the number of workers.

a direct measure of the productivity of labor.

all of the above.

Incorrect

Question 14

0 / 4 pts

A tax on internationally traded goods is a

tariff.

quota.

voluntary import restriction.

customs union.

none of the above.

49.

Assignment IV

Part I:
For this project, create a new application and apply what you learned in this unit to the new application. Be sure to add the
following to your interface:
1. Include one or more comments such as the btnCalc control’s Click event procedure.
2. Include at least two arithmetic operators.
3. Include the Val function.
4. Use appropriate assignment statements.
5. Enter the appropriate comments in the General Declarations section.
Save your application (in Visual Basic), test your interface by using the DEBUG feature, and apply edits as needed. Save
the file after applying any edits. Then, proceed to part two.
Part II:
For part two, you will define variables, format the output using the Const statement, and format your numbers in the
graphical user interface (GUI) to part one of this project. Be sure to include each of the following as part of the user
interface:
1. Declare variables by using the DIM statement.
2. Format at least one number using the ToString Method.
3. Declare at least one Named Constant using the Const statement.
Save your application (in Visual Basic), and submit the Visual Basic file
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