Micro
Potpourri
Agbiz/Finance
Resource/Policy
Macro
5
The shutdown point occurs at the level of output for which the ________ is at its minimum.
average variable cost (AVC)
5
On average, to the nearest hundred, how many kernels does an ear of corn have?
800
5
In cash flow estimation, depreciation shelters a company’s income from __________.
taxation
5
What is defined as a quantitative import or export restriction that prohibits or limits the quantity of a product being exported or imported?
quota
5
The major type of unemployment targeted by macroeconomic policy is __________ unemployment.
cyclical
10
At what level of labor do diminishing marginal returns begin?
100
10
What part of an egg is the vitellus better known as?
the yolk
10
What type of ratios measure a firm’s ability to meet short-term obligations?
Liquidity ratios
10
What is the right to use the land of another for a particular purpose called?
easement
10
What is the size of the labor force?
98.0 million
15
As price falls from Pa to Pb, which demand curve represents the most elastic demand?
D1
15
The European Union is headquartered in:
Brussels
15
On a statement of cash flows, cash received from the issuance of common stock would be classified as a(n) __________ activity.
financing
15
Economic rent is the same as which concept?
producer surplus
15
A decrease in the federal income tax is an example of ______ policy.
fiscal
20
What type of good has the demand curve seen here?
Giffen or Veblen good
20
Which number corresponds to the brisket cut of beef?
6
20
Using the capital asset pricing model, ß is a measure of __________ volatility.
share price
20
Which box contains examples that apply to the concept of common resources?
B
20
The rate at which money changes hands is known as the __________ of money.
velocity
25
A monopoly that results due to economies of scale is called a(n) ___________ monopoly.
natural
25
What fruit that is strongly associated with New Zealand is actually native to China?
kiwifruit
25
While both can have similar uses, _________ contracts trade on organized exchanges but _________ contracts do not.
futures; forward
25
A rapid decline in populations of what animal was one of the motivating factors in establishing the Endangered Species Act of 1973?
bald eagle
25
What is a form of money that has an intrinsic value, meaning it is worth something in its own right?
commodity money