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C-co… Show more Question 1 he bulk of the nation’s output

C-co… Show more Question 1 he bulk of the nation’s output is produced by: A-partnerships. B-proprietorships. C-corporations. D-none of the above Question 2 The relationship between the value and price of a stock suggests that: A-the equilibrium price of a stock strikes a balance between those who think the stock is worth more and those who think it’s worth less at the current price. B-it is the market’s best guess regarding the expected value of the company’s future profits. C-stocks are overvalued. D-both A and B are true Question 3 The regime changes in Tunisia, Egypt, and Libya through 2011 resulted in A-an increase in the demand for oil and an increase in price. B-a decrease in the demand for oil and a decrease in price. C-an increase in the supply of oil and a decrease in price. D-a decrease in the supply of oil and an increase in price. Question 4: The equilibrium price is often considered to be “just right” because: A-it equates the amount supplied with the amount demanded. B-it does not result in a shortage. C-it does not result in a surplus. D-of all of the above. Question 5: A minimum price set above the equilibrium price is a: A minimum price set above the equilibrium price is a: A-demand price. B-supply price. C-price floor. D-price ceiling. Question 6: A market price support policy establishes price ________ the market equilibrium. A-floors below B-floors above C-ceilings below D-ceilings above Question 7: A maximum price set below the equilibrium price is a A-demand price. B-supply price. C-price floor. D-price ceiling. Question 8: A persistent shortage may occur if: A persistent shortage may occur if: A-the government imposes a price ceiling. B-a price floor is imposed. C-demand keeps falling. D-all of the above occur. Question 9: Which of the following is a criticism that has been raised of government spending in support of corn-based ethanol? A-limited reduction in dependence on foreign oil. B-detrimental effects on the environment. C-increased food prices and an increase in world hunger. D-All of the above Question 10: An arrangement in which consumers choose their health-care services while other institutions pay a share of the cost of those services is called a(n) ________ payer system. A-provider fees B-insurance premiums C-third-party D-catastrophic insurance • Show less

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