Question

Can somebody help me check my answers please??
I'd really appreciate it.

The state legislature asks you to analyze several product markets for natural monopoly qualities. The legislature wishes to regulate one of the products to provide safer, more efficient, and standard quality to its citizens. Which product do you recommend?

student tutoring services

bottled water plants

auto detailing services

paint manufacturing

Answer 1

The best reason to regulate road paving is to

reduce the cost of materials.

hire the most dedicated workers.

get the work done as quickly as possible.

ensure quality work on all paved roads.

Answer 2

The state legislature asks you to analyze several product markets for natural monopoly qualities. The legislature wishes to regulate one of the products to provide safer, more efficient, and standard quality to its citizens. Which product do you recommend?

road sign construction

camping facilities

automobile sales

house cleaning

Answer 3

An example of a natural monopoly product is

a hair salon.

a board game.

airplane manufacturing.

highway construction.

Answer 4

Americans that support a balanced budget amendment believe it will

stabilize the economy.

end American greed.

help other countries.

end American poverty.

Answer 5

A
D
A
A
A

Answer 6

Attempts to reduce the federal deficit and debt are usually unpopular with many Americans because they

must either pay more in taxes or receive reduced benefits.

assume these efforts will increase unemployment.

expect employment salary scales to decrease.

believe such attempts are corrupt.


B

Which plan would most quickly correct a budget deficit worth 15% of total spending?

increase spending on employment programs by 10%

reduce spending on all government programs by 5%

reduce the four largest spending categories by 20%

increase income taxes for all Americans by 5%

B

To correct a federal budget surplus, Congress may

eliminate employees.

reduce programs.

raise taxes.

increase spending.


D
A graph of the business cycle over time most resembles a

roller coaster.

flat plain.

ladder.

circle.

Needed help on the one above

Answer 7

The inflation rate is decreasing and unemployment is rising. The economy is likely in

recession.

expansion.

a peak.

a trough.

A

Imagine that you just saw a headline on a news web site that read “High Inflation Could Be Ending: Fed Takes Strong Action.” The nation is most likely in which part of the Business Cycle?


recession.

expansion.

a peak.

a trough.

C

Stagflation is a combination of

high unemployment and low inflation.

high unemployment and high inflation.

low unemployment and high inflation.

low unemployment and low inflation.

B

Answer 8

Use this image to answer the following question. In the business cycle phase marked “C,” economists expect the

government to act to encourage economic growth.

government to act to slow economic growth.

inflation rate to start dropping dramatically.

unemployment rate to begin rising dramatically.

B

Answer 9

Use this image to answer the following question. When the economy is operating at point B, the Federal Reserve may increase the discount rate to

decrease inflation.

increase inflation.

decrease growth.

increase growth.

A

Answer 10

Use this image to answer the following question. When the economy is operating at point B, the Federal Reserve is most likely to follow

expansionary fiscal policy.

contractionary fiscal policy.

expansionary monetary policy.

contractionary monetary policy.

I needed help

Answer 11

If unemployment is rising rapidly, the Federal Reserve would most likely

increase the discount rate.

increase the reserve requirement.

sell securities in open market operations.

buy securities in open market operations.

D

Unemployment is low and inflation is rising, but slowly. Gross Domestic Product is also rising. The Federal Reserve may increase the reserve requirement at this point in order to

ensure that the growth continues at a brisk pace.

raise unemployment to levels that indicate a mobile workforce.

protect the public from the potential of inflation rising out of control.

encourage banks to give out more loans, fostering further economic growth.

C

Answer 12

In the diagram above, what will happen if the government sets the price for potatoes at point B?

There will be a shortage of potatoes.

There will be a surplus of potatoes.

The price of potatoes will rise to meet equilibrium.

The price of potatoes will fall to meet equilibrium.

I needed help with this

Answer 13

An example of government regulation is

spending money on parks.

the minimum wage.

the federal debt.

a courthouse.

B

Answer 14

Use this image to answer the following question. When government sets a price for a good below equilibrium, there will be?

economic growth.

economic loss.

a shortage.

a surplus.

I needed help

Answer 15

In the diagram above, what will happen if the government sets the minimum wage at point A?

The minimum wage will rise to meet equilibrium.

The minimum wage will fall to meet equilibrium.

There will be a surplus of workers.

There will be a shortage of workers.

Answer 16

Increasing government spending usually

increases the unemployment rate.

decreases the unemployment rate.

increases the stagflation rate.

decreases the stagflation rate.

B

A goal of fiscal policy is

economic growth.

recession expansion.

increased money supply.

reserving currency.

B

The inflation rate is dropping to the point that many economists are worried that deflation is occurring. Which of the 4 options would an economist most likely recommend to Congress as a solution to deflation?

decrease spending on grants for small businesses.

increase taxes on sales of luxury goods.

increase taxes for large corporations.

reduce taxes for business owners.

I needed help

Answer 17

Use this image to answer the following question. When the economy is operating at point B, the U.S. Congress is most likely to follow

expansionary fiscal policy.

contractionary fiscal policy.

expansionary monetary policy.

contractionary monetary policy.

Answer 18

Inflation is low and unemployment is high. The public is demanding action. Within the Federal Reserve, who has the power to act?

President of the Federal Reserve Bank of New York

Supreme Governor of the Board of Governors

Leader of the National Consumers Union

Federal Open Market Committee

B

Answer 19

Banks that are members of the Federal Reserve have the benefit of

earning dividends from stock in the Federal Reserve.

voting rights on the Federal Open Market Committee.

appointment rights to the Board of Governors.

priority access to check-clearing services.

A

Answer 20

You have an account with Bank of America®. What is your bank’s role in the Federal Reserve?

Non-member Depository Institution

Federal Open Market Committee

Federal Reserve Regional Bank

Member Bank

A

The Federal Reserve utilizes monetary policy to

determine members of the Board of Governors.

impact the money supply.

control consumers.

gain publicity.

B

You have an account with Wells Fargo®. You cashed a check from your job on payday and requested newly minted currency. What Federal Reserve structure provides new currency to your bank?

Federal Open Market Committee

Federal Reserve Regional Bank

Board of Governors

Member Bank

B

Respond to the following question in at least a complete paragraph of three to five sentences.

The Federal Reserve controls monetary policy, please give an example of how they would use this policy to help fix the economy when it is in a recession. Describe at least one tool of monetary policy and how it would be used.

Needed help with this?

Answer 21

This is quite insane. You said "check your answers," but I'm not even seeing where you've tried.

Answer 22

@TrashMan914 She has written all the answers she has put underneath each section, and for the first five she has put the answers afterwards in order A D A A A

However, I'm sorry, Amy, I cannot help you, as I do not have much knowledge in these areas.

Sorry!!. Hope someone can help you check your answers!

Answer 23

It's fine thanks for explaining to whomever that is above that seems to not comprehend (:

Answer 24

Ok. no problem. I hope you get them right! :D

Answer 25

thanks

Answer 26

You have put so many Questions at a time,Geez,Put one or two Questions at a time so people even help you out,Thanks..