Question 36 Which of the following statements about a tax imposed on buyers or suppliers is most accurate? A) If demand is less elastic than supply, consumers will bear a lower proportion of the tax than suppliers. B) If supply is less elastic than demand, suppliers will bear a lower proportion of the tax than consumers. C) The proportion of the tax is borne equally by consumers and suppliers, regardless of supply and demand elasticity. D) If demand is less elastic than supply, consumers will bear a higher proportion of the tax than suppliers. Question 37 Primary factors influencing the price elasticity of demand for a product are least likely to include: A) the amount of time that has passed since the price change. B) availability and closeness of substitute goods. C) changes in consumer price expectations. D) the relative amount of consumer budgets spent on the product.
Question 38 With regard to the money supply and demand curves, the effects of a decrease in real GDP will most likely be: A) a shift in the supply curve to the left forcing the equilibrium interest rate to fall. B) a shift in the demand curve to the left forcing the equilibrium interest rate to fall. C) a shift in both the supply and demand curves to the left so that there is no change to the equilibrium interest rate. D) no shift in either the demand or supply curve, but the equilibrium interest rate will move lower.
Question 39 When a firm operates under conditions of perfect competition, marginal revenue always equals: A) average variable cost. B) one divided by elasticity of the market demand curve. C) total cost. D) price.
Question 40 Will an increase in interest rates or an increase in the demand for physical capital increase the quantity of financial capital demanded? Interest rates Demand for physical capital A) Yes Yes B) No Yes C) Yes No D) No No
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发表于 2008-11-6 17:58
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