Transcript ECO 365 Week 2 Knowledge Check

ECO 365 WEEK 4 KNOWLEDGE
CHECK
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ECO 365 Week 4 Knowledge Check
Questions to ECO 365 Week 4 Knowledge Check are as follow:
1.
What do economists mean when they say there is "market
failure"?
I. Business has introduced a product that consumers did not want.
II. Free markets have led to excessive profits.
III. Markets have surpluses or shortages so that government rationing is
necessary.
IV. Free markets yield results that economists do not consider socially
optimal.
2.If a market has no externalities, marginal private costs
I.
II.
III.
IV.
exceed marginal social costs
equal marginal social costs
are below marginal social costs
intersect marginal social costs
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3.Economists generally call the effect of an agreement on others
that is not taken into account by the parties making the
agreement
I.
II.
III.
IV.
an externality
welfare loss
Pareto optimality
excess burden
Click here to download ECO 365 Week 2 Learning Team Reflection
Production and Cost Analysis
4.The size performance improvements sought by those pursuing
horizontal mergers is
I.
II.
III.
IV.
economies of scale
increased market share
to coordinate activities more efficiently to spur growth
to decrease competition
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5.A company buys another company in the same supply chain,
but either in front of it or behind it in the supply chain. This is
called
I.
II.
III.
IV.
a horizontal acquisition
a vertical acquisition
a conglomerate
a joint venture
6.Sony and Toshiba become partners in a microprocessor
manufacturing company. This is called
I.
II.
III.
IV.
A.
a horizontal acquisition
a vertical acquisition
a conglomerate
a joint venture
s a whole
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7.If two companies share ownership in a venture and agree on a
formal management structure including members of both
companies,this is called a
I.
II.
III.
IV.
horizontal acquisition
vertical acquisition
joint venture
Conglomerate
8.Two companies come together to take on a project that has an
explicit time cycle and ending point. The most efficient form of
acquisition of this project is
I.
II.
III.
IV.
a horizontal acquisition
a joint venture
a vertical acquisition
a conglomerate
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Final Exam Knowledge Check
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9.The more elastic the supply and the demand curves
are,
I.
II.
III.
IV.
the smaller the shortage a price ceiling will create
greater the shortage a price ceiling will create
smaller the surplus a price ceiling will create
greater the surplus a price ceiling will create
10.Assuming a binding price floor, the more elastic
the supply and demand curves are,
I.
II.
III.
IV.
the smaller the shortage a price floor will create
greater the shortage a price floor will create
smaller the surplus a price floor will create
greater the surplus a price floor will create
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About Author
This article covers the topic for the University Of Phoenix ECO 365
Week 4 Knowledge Check. The author is working in the field of
education from last 5 years. This article covers the basic of ECO
365 Final Exam Knowledge Check from UOP. Other topics in
the class are as follows:
ECO 365 Week 1 DQ 1
ECO 365 Week 1 DQ 2
ECO 365 Week 1 DQ 3
ECO 365 Week 1 Knowledge Check
ECO 365 Week 1 Complete
ECO 365 Week 2 DQ 1
ECO 365 Week 2 DQ 2
ECO 365 Week 2 DQ 3
ECO 365 Week 2 Individual Assignments
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ECO 365 Week 2 Learning Team Reflection
Production and Cost Analysis
ECO 365 Week 2 Knowledge Check
ECO 365 Week 2 Complete
ECO 365 Week 3 DQ 1
ECO 365 Week 3 DQ 2
ECO 365 Week 3 Learning Team Current Market
Conditions Competitive Analysis
ECO 365 Week 3 Learning Team Reflection Market
Structure
ECO 365 Week 3 Knowledge Check
ECO 365 Week 3 Complete
ECO 365 Week 4 DQ 2
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ECO 365 Week 4 DQ 3
ECO 365 Week 4 Individual Assignment Differentiating
Between Market Structures
ECO 365 Week 4 Learning Team Reflection Public Policy in
Economics
ECO 365 Week 4 Knowledge Check
ECO 365 Week 4 Complete
ECO 365 Week 5 DQ 1
ECO 365 Week 5 DQ 2
ECO 365 Week 5 DQ 3
ECO 365 Week 5 Learning Team Competitive Strategies and
Government Policies
ECO 365 Week 5 Learning Team Reflections Global
Competition
ECO 365 Week 5 Knowledge Check
ECO 365 Week 5 Complete
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