Tag: Economics – Others

Irving Fisher’s equation of exchange is expressed as a. V = (PL times T)/MS. b. MS times PL = V times T. c. MS times T = PL times V. d. MS/V = PL times T.

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

What is the FOMC?
Federal Open Market Committee
Federal Oversight of Market Centralization
Federal Reserve of the United States
Federal Market Oversight Council

Part 2
Projecting the future course of the economy is known as
macroeconomic research
macroeconomic forecasting
macroeconomic analysis
data development

Which of the following is not one of the four broad categories of resources? Question 7Select one:
a. labor
b. money
c. capital
d. entrepreneurship
e. land