Posted: August 14th, 2023

strayer eco550 midterm exam part 1 and part 2 latest 2016 may all correct answers

Part
1

• Question
1
4 out of 4 points

The
moral hazard in team production arises from

• Question
2
4 out of 4 points

Possible
goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT:

• Question
3
4 out of 4 points

Income
tax payments are an example of ____.

• Question
4
4 out of 4 points

In the
shareholder wealth maximization model, the value of a firm’s stock is equal to
the present value of all expected future ____ discounted at the stockholders’
required rate of return.

• Question
5
4 out of 4 points

The
form of economics most relevant to managerial decision-making within the firm
is:

• Question
6
4 out of 4 points

The
flat-screen plasma TVs are selling extremely well. The originators of this technology are
earning higher profits. What theory of
profit best reflects the performance of the plasma screen makers?

• Question
7
4 out of 4 points

The
level of an economic activity should be increased to the point where the ____
is zero.

• Question
8
4 out of 4 points

A
change in the level of an economic activity is desirable and should be
undertaken as long as the marginal benefits exceed the ____.

• Question
9
4 out of 4 points

Based
on risk-return tradeoffs observable in the financial marketplace, which of the
following securities would you expect to offer higher expected returns than
corporate bonds?

• Question
10
4 out of 4 points

The
primary difference(s) between the standard deviation and the coefficient of
variation as measures of risk are:

• Question
11
4 out of 4 points

Generally,
investors expect that projects with high expected net present values also will
be projects with

• Question
12
4 out of 4 points

An
closest example of a risk-free security is

• Question
13
4 out of 4 points

Songwriters
and composers press music companies to lower the price for music downloads
because

• Question
14
4 out of 4 points

A price
elasticity (ED) of ?1.50 indicates that for a ____ increase in price, quantity
demanded will ____ by ____.

• Question
15
4 out of 4 points

Suppose
we estimate that the demand elasticity for fine leather jackets is .7 at their
current prices. Then we know that:

• Question
16
4 out of 4 points

Producers’
goods are:

• Question
17
4 out of 4 points

The
factor(s) which cause(s) a movement along the demand curve include(s):

• Question
18
4 out of 4 points

An
increase in each of the following factors would normally provide a subsequent
increase in quantity demanded, except:

• Question
19
4 out of 4 points

Marginal
revenue (MR) is ____ when total revenue is maximized.

• Question
20
0 out of 4 points

Even
though insignificant explanatory variables can raise the adjusted R2 of a
demand function, one should not
interpret their effects on the regression when

• Question
21
4 out of 4 points

The
constant or intercept term in a statistical demand study represents the
quantity demanded when all independent variables are equal to:

• Question
22
4 out of 4 points

In
regression analysis, the existence of a significant pattern in successive
values of the error term constitutes:

• Question
23
4 out of 4 points

Demand
functions in the multiplicative form are most common for all of the following
reasons except:

• Question
24
4 out of 4 points

The
standard deviation of the error terms in an estimated regression equation is
known as:

• Question
25
4 out of 4 points

In
which of the following econometric problems do we find Durbin-Watson statistic
being far away from 2.0?

Part 2

• Question
1
4 out of 4 points

Which
of the following barometric indicators would be the most helpful for
forecasting future sales for an industry?

• Question
2
4 out of 4 points

The
type of economic indicator that can best be used for business forecasting is
the:

• Question
3
4 out of 4 points

If two
alternative economic models are offered, other things equal, we would

• Question
4
4 out of 4 points

Time-series
forecasting models:

• Question
5
4 out of 4 points

The use
of quarterly data to develop the forecasting model Yt = a +bYt?1 is an example
of which forecasting technique?

• Question
6
4 out of 4 points

Consumer
expenditure plans is an example of a forecasting method. Which of the general
categories best described this example?

• Question
7
4 out of 4 points

In a
recession, the trade balance often improves because

• Question
8
4 out of 4 points

If Ben
Bernanke, Chair of the Federal Reserve Board, begins to tighten monetary policy
by raising US interest rates next year, what is the likely impact on the value
of the dollar?

• Question
9
4 out of 4 points

Using
demand and supply curves for the Japanese yen based on the $/Â¥ price for yen,
an increase in US INFLATION RATES would

• Question
10
4 out of 4 points

Companies
that reduce their margins on export products in the face of appreciation of
their home currency may be motivated by a desire to

• Question
11
4 out of 4 points

In an
open economy with few capital restrictions and substantial import-export trade,
a rise in interest rates and a decline in the producer price index of inflation
will

• Question
12
4 out of 4 points

In
Chinese coastal provinces, brick housing for a fast expanding middle class is
very comparable in size to housing in the U.S. for a family with median income
of $51,000 because

• Question
13
4 out of 4 points

The
purchasing power parity hypothesis implies that an increase in inflation in one
country relative to another will over a long period of time

• Question
14
4 out of 4 points

Given a
Cobb-Douglas production function estimate of Q = 1.19L.72K.18 for a given
industry, this industry would have:

• Question
15
4 out of 4 points

The
isoquants for inputs that are perfect complements for one another consist of a
series of:

• Question
16
4 out of 4 points

In a
relationship among total, average and marginal products, where TP is maximized:

• Question
17
4 out of 4 points

Which
of the following is never negative?

• Question
18
4 out of 4 points

If the
marginal product of labor is 100 and the price of labor is 10, while the
marginal product of capital is 200 and the price of capital is $30, then what
should the firm?

• Question
19
4 out of 4 points

In a
production process, an excessive amount of the variable input relative to the
fixed input is being used to produce the desired output. This statement is true
for:

• Question
20
4 out of 4 points

The
existence of diseconomies of scale (size) for the firm is hypothesized to
result from:

• Question
21
4 out of 4 points

For a
short-run cost function which of the following statements is (are) not true?
.

• Question
22
4 out of 4 points

____
are defined as costs which are incurred regardless of the alternative action
chosen in a decision-making problem.

• Question
23
4 out of 4 points

What
method of inventory valuation should be used for economic decision-making
problems?

• Question
24
4 out of 4 points

If TC =
321 + 55Q – 5Q2, then average total cost at Q = 10 is:

• Question
25
4 out of 4 points

Economies
of Scope refers to situations where per unit costs are:

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