Tag: Economics – Others

What is NOT one of the key tools by which the Federal Reserve implements monetary policy?
open market operations
policy directive
reserve requirements
discount rate

In the Bismarck model, all or nearly all of the population have universal health insurance coverage sponsored solely by their employers.
Question 17 options:
True
False

If a 5% fall in the price of a commodity causes quantity supplied to decrease by 8%, supply is A. perfectly inelastic B. inelastic C. elastic D. unit-elastic

An economist is unlikely to be hired to do research about the following?
a. Inflation rates
b. Oil prices.
c. Election outcomes
d. Interest rate
e. Unemployment

If there is a shortage of a good, the quantity demanded is ____ than the quantity supplied and the price will ____.
less; rise
less; fall
greater; rise
greater; fall

The strongest Twitter bios usually contain _____________. Question 18 Answer
none of the above
hashtags
emojis
industry targeted keywords
links

When a surplus exists in the market, the price is above equilibrium. If demand and supply curves do not move, more will be sold only if the price decreases. True False
Choose an answer
True
False

Consider the utility function U= (x,y)= x^2 + y^2. Is MRS x,y diminishing, constant, or increasing as the consumer substitutes x for y along an indifference curve?

In the asset approach, an increase in the money supply for Country A should lead to what effect on the exchange rate?
Decrease
No Change
Changes to prices
Increase

An increase in the demand for non-monetary gold causes the _____ money to _____.
demand for; increase supply of; increase demand for; decrease supply of; decrease