1、 From a high of $180, a stock price decreases to a low of $100 and then begins increasing. A technical analyst states that she expects resistance levels to emerge at $140, $150, and $153.33. This analyst is most likely forecasting these resistance levels based on:
A. Fibonacci numbers.
B. an inverse head and shoulders pattern.
C. moving average convergence/divergence lines.
2、To benefit from price discrimination, a monopolist least likely needs to have:
A.a higher-quality product at a premium price and a lower-quality alternative.
B. a way to prevent reselling between types of consumers.
C. two identifiable groups of consumers with different price elasticities of demand for the product.
3、 Automatic stabilizers are government programs that require no legislation and tend to:
A. automatically increase spending at the same growth rate as real GDP.
B. reduce interest rates, thus stimulating aggregate demand.
C. change the government budget deficit in an opposite direction to economic growth.
4、 An economy is in full-employment equilibrium. If the government unexpectedly decreases the tax rate, in the short run the economy is most likely to experience:
A. an increase in employment.
B. a decrease in the price level.
C. no change in employment and an increase in the price level.
5、Notasled, Inc., a producer of cafeteria trays, operates in a perfectly competitive market. If the market price of a cafeteria tray is $3.25, Notasled will increase production so long as:
A. marginal revenue is positive.
B. marginal cost is less than $3.25.
C. marginal revenue is greater than $3.25.
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