Questions:
• Question 1
The moral hazard in team production arises from
• Question 2
Shirking of one's duties is often encountered in team production settings because
• Question 3
The Saturn Corporation (once a division of GM) was permanently closed in 2009. What went wrong with Saturn?
• Question 4
Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT:
• Question 5
Recently, the American Medical Association changed its recommendations on the frequency of pap-smear exams for women. The new frequency recommendation was designed to address the family histories of the patients. The optimal frequency should be where the marginal benefit of an additional pap-test:
• Question 6
Various executive compensation plans have been employed to motivate managers to make decisions that maximize shareholder wealth. These include:
• Question 7
The approximate probability of a value occurring that is greater than one standard deviation from the mean is approximately (assuming a normal distribution)
• Question 8
The standard deviation is appropriate to compare the risk between two investments only if
• Question 9
An closest example of a risk-free security is
• Question 10
The level of an economic activity should be increased to the point where the ____ is zero.
• Question 11
The primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are:
• Question 12
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 13
Songwriters and composers press music companies to lower the price for music downloads because
• Question 14
A price elasticity (ED) of -1.50 indicates that for a ____ increase in price, quantity demanded will ____ by ____.
• Question 15
An increase in each of the following factors would normally provide a subsequent increase in quantity demanded, except:
• Question 16
The factor(s) which cause(s) a movement along the demand curve include(s):
• Question 17
Auto dealers slash prices at the end of the model year in response to deficient demand/excess inventory but restaurants facing the same problem slash production because
• Question 18
Producers' goods are:
• Question 19
Which of the following would tend to make demand INELASTIC?
• Question 20
Demand functions in the multiplicative form are most common for all of the following reasons except:
• Question 21
When using a multiplicative power function (Y = a X1b1 X2b2 X3b3) to represent an economic relationship, estimates of the parameters (a, and the b's) using linear regression analysis can be obtained by first applying a ____ transformation to convert the function to a linear relationship.
• Question 22
In which of the following econometric problems do we find Durbin-Watson statistic being far away from 2.0?
• Question 23
When two or more "independent" variables are highly correlated, then we have:
• Question 24
One commonly used test in checking for the presence of autocorrelation when working with time series data is the ____.
• Question 25
The method which can give some information in estimating demand of a product that hasn't yet come to market is: