Quiz2 - USER HOME COURSE HOME Account Information...

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USER HOME COURSE HOME COMMUNICATE STUDY RESOURCES LOGOUT Account Information : Course History : Webliography : Archives :
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LUTHER SETZER Your test grade is 79 percent The professor has configured this test to allow students to review: Questions answered incorrectly. Questions answered correctly. Students answers. Correct answers. Question 1 - Multiple Choice ID: 4580904 Correct Question: In order to minimize the NET costs associated with crime Steps must be taken to eliminate all crime Crime should be reduced to the level at which the total benefit from crime equals the total cost of crime prevention Crime should be reduced to the level at which the marginal cost from crime equals the marginal cost of crime prevention No crime should be eliminated Question 2 - Multiple Choice ID: 4580902 Correct Question: If MB = 100 – 5A, and MC = 20 + 3A, then the optimal level of A is 40 30 20 10 0 Question 3 - Multiple Choice ID: 4580848 Correct Question: Fiscal policy refers to Decisions to determine the government’s budget Policy directed toward increasing exports and reducing imports The determination of the nation’s money supply Policies to reduce the power of unions and monopolies Government policies aimed at changing the underlying structure or institutions of the economy
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Question 4 - Multiple Choice ID: 4580846 Correct Question: In the United States, decisions to increase interest rates are made by the _________ and decisions to increase taxes are made by ___ ______. Congress; the Federal Reserve Congress; Congress The Federal Reserve; the Federal Reserve The Federal Reserve; Congress The President; Congress Question 5 - Multiple Choice ID: 4580906 Correct Question: A Blue Ribbon Committee has decided that the amount of acid rain should be reduced and is trying to determine the optimal level of reduction. There are benefits from reducing acid rain (reduced loss of wildlife and forest, better health, etc.), but there are also costs. The committee estimates that the marginal benefit of each unit of reduction is $1,400 – 5 R , where R is units of reduction, and the marginal cost is 2 R . If the committee wants to maximize the net benefit from reducing acid rain, what is the optimal level of reduction? $10
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This note was uploaded on 02/05/2010 for the course BUS 5601 taught by Professor Muth during the Spring '09 term at FIT.

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Quiz2 - USER HOME COURSE HOME Account Information...

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