Question 41 Which of the following statements about biases that affect the consumer price index (CPI) is least accurate? A) The net effect of built-in biases in the CPI is to underestimate inflation. B) Price increases that result from quality improvements are reflected as increases in the CPI. C) One of the biases that affect the CPI results from newer, more expensive products replacing older, less expensive products. D) The basket of goods on which the CPI is based becomes a less accurate measure of household costs as consumers substitute among goods.
Question 42 Which statement about marginal revenue product (MRP) is least accurate? A) The MRP is the addition to total revenue from selling the additional output produced by using one more unit of a productive input. B) For any productive input, the MRP curve for the input is the firm’s marginal cost curve for the input. C) The MRP curve is downward sloping in any range of output for which diminishing marginal returns are realized. D) To maximize profits, a firm will employ additional units of an input until its MRP is equal to its price.
Question 43 A negative real rate of return: A) indicates that the economy is undergoing recession. B) is most likely to occur during periods of unexpected erosion of purchasing power. C) becomes more negative as the rate offered on a risk-free investment increases. D) is most likely to occur after the Fed has increased reserve requirements.
Question 44 Which of the following statements about the Laffer curve is most accurate? A) As tax rates increase, tax revenues increase with a multiplier effect. B) As tax rates decrease, tax revenues decrease at a constant rate. C) At some point near the middle of the curve tax revenue will be at a minimum. D) There is a tax rate above which further tax rate increases will decrease tax revenue.
Question 45 Racquet Company's financial statements show the following information for the year 20X1:
The cash outflow for income taxes in 20X1 was: A) $70,000. B) $50,000. C) $15,000. D) $35,000.
[此贴子已经被作者于2008-11-7 18:04:25编辑过] | 
发表于 2008-5-10 12:58
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