Which of the following is not a legitimate area of intervention by government in a mixed economy?O A.regulation of the pricing behaviour of monopoly industriesОв.Regulation of price increases that result from changes in patterns of demand and supply in competitive marketsstabilisation of the economy during periods of cyclical instabilityOD.Redistribution of purchasing power via progressive taxation and transfers

The mixed economy is considered as an economy that is the combination of the market economy as well…

Answered: /hich of the following is not a…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In the two-period SOE model, O A. government spending is exogenous. O B. Ricardian equivalence does not hold. O C. there is no trade with the outside world. O D. the consumption of the government and private consumers is treated as a national choice. O E. there is no government.
In the circular flow diagram, Government demand ........ and firm supply ........ Select one: O a. goods; labor. O b. Iabor; goods and services. O c. Iabor; labor. O d. goods and services; labor.
4
Which of the following is an advantage for Small business owners? O a Many skilled people like to work for small business O b. There is no need to keep any records. c The capital requirement is less O d. All the statements are incorrect
QUESTION 28 What is explained by accelerator theory? O a. The way in which a small injection leads to a greater increase in GDP O b. The way in which unemployment today depresses aggregate demand in future, creating more unemployment O c. The way in which current inflation leads to greater future price rises O d. The way a small change in national income leads to a greater increase in investment
Which of the following equations is correct? O a. S = 1- NX O b. S = | + NCO c. S = NX – NCO. O d. S = /+ C
Pls answer all questions to get upvote, short answer to each question is fine.
QUESTION 16 16. Is the total expenditure of revenue on a government program (revenue collected by a tax) the full measure of the program's cost to society? O a) Yes. O b) No, because the benefit to society always exceeds the dollar cost of government programs. O c) No, because this does not include the efficiency cost of collecting the tax revenue. O d) No, because it does not include the cost of program administration and losses due to corruption.
Which of the following statements about institutions is incorrect? O a. The implied covenant of good faith and fair dealing in contract law is part of an institution. O D. The authority on family issues that a society confers to the elders is not considered part of the society's institutions. O C. Institutions are the humanly devised constraints that shape economic, political, and social interaction. O d. Laws and regulations that specify what constitutes market manipulation in the financial market are part of a country's economic institutions. O e. The extent to which people in a society are willing to entertain ideas and debates that contradict their own existing beliefs is considered social norms and informal institutions.
TRUE/FALSE We argued that the tax revenue that the federal government collects ispro-cyclical, that is, when economic activity is growing so is tax revenue. An example of this is the new economy when tax revenue increased along with the economic growth.
Which of the following is incorrect about the outcome of the cost of expected inflation? Select one: O a. It results in unfair tax treatments. O b. It does not result in relative price distortions. O c. It increases menu costs. O d. It increases shoe leather cost. Which of the following statements best apply to the closed economy model? Select one: O a. An increase in labour results in an increase in output. O b. The interest rate adjusts to equilibrate demand and supply. O c. Reducing taxes is the best option for increasing income. O d. The government uses fiscal policy to regulate the economy. Complete the statement below. Classical dichotomy Select one: O a. distinguishes between money and inflation. O b. makes the distinction between money demand and money supply. O c. makes a distinction between real and nominal variables. O d. isolates the real interest rate and real GDP
Which groups are the most powerful interests in the state? O a. business and professional organizations O b. social interest groups O c. local government groups O d. private entertainment groups

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