Which of the following arises when a c...

单项选择题Which of the following arises when a company incurs expenses that have not yet been paid as of the end of an accounting period

A. Prepaid expense.
B. Accrued expense.
C. Unearned revenue.

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1.单项选择题An analyst does research about long-run equilibrium in monopoly markets. With respect to the regulation of a natural monopoly, a govemment subsidies sufficient to compensate the natural monopoly firm implies setting:

A. price equal to average cost.
B. price equal to marginal cost.
C. output where marginal cost equals marginal revenue.

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2.单项选择题An analyst does research about foreign currency rate. In foreign exchange markets characterized by interest rate parity, if the domestic country has a lower riskfree interest rate than the foreign country, the currency of the domestic country is most likely to be trading at a forward:

A. discount, and to depreciate.
B. premium, and to appreciate.
C. premium, and to depreciate.

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3.单项选择题An analyst does research about theories of the business cycle. Which of the following econormc views argue that wages are "downward sticky", reducing the ability of a decrease in money wages to increase short-run aggregate supply and move the economy from recession back towards full employment

A. Neoclassical.
B. Keynesian.
C. Monetarist.

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4.单项选择题An analyst does research about discretionary fiscal policy. Challenges to implementing a discretionary fiscal stimulus in a timely manner are least likely to include that:

A. govemments discuss, vote on, and enact fiscal policy changes.
B. policy-makers recognize the nature and extent of the economic problems precisely.
C. government expenditures on unemployment insurance payments will increase during a recession.

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5.单项选择题An analyst does research about trade restriction. A primary reason for a country to adopt restrictions on international trade is that restrictions typically:

A. improve short-run economic efficiency.
B. benefit consumers at the expense of producers.
C. provide concentrated benefits to a small group of people.

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6.单项选择题An analyst does research about total, marginal and average product curve of labor. As more labor is hired, which of the following curves initially increases and then decreases

A. The average product of labor curve, but not the total and marginal product of labor curve.
B. The marginal product of labor curve, but not the total and average product of labor curve.
C. Both the marginal product of labor and the average product of labor curve, but not the total product of labor curve.

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7.单项选择题 An analyst does research about currency exchange rate and gathers the following information about euro (€)/dollar($) exchange rates:

Relative to the dollar, the euro is best described as:（）

A. weak, trading at an annualized forward discount of 6.17 percent.
B. weak, trading at an annualized forward discount of 6.20 percent.
C. strong, trading at an annualized forward premium of 6.17 percent.

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8.单项选择题An analyst does research about the income elasticity of demand. As income rises from $500 per week to $1500 per week, the quantity demanded for a product increases from 1100 units to 1500 units. the income elasticity of demand is closest to:

A. 0.25
B. 0.31
C. 0.40

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9.单项选择题An analyst does research about the incidence of a tax. All else being equal, sellers pay the largest portion of a tax when the supply is:

A. unit elastic.
B. highly elastic.
C. highly inelastic.

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10.单项选择题An analyst does research about market structures. In a perfectively competition industry, the long-run effect of a permanent increase in demand most likely results in an increase in:

A. price.
B. output per firm.
C. the number of firms.

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