Tag: Economics – Others

the Fed want to use easy (expansionary) or tight (contractionary) money policy?
tight (contractionary) money policy.
easy (expansionary) money policy.

A boy living in a community with paid schooling, healthcare, low poverty rates, and many entrepreneurs most likely lives in a society with what type of economy?

Which of the following is considered a potential cost of innovation?
reduced layoffssoctat connectionreduced egalitarianismincreased none of the above

What does ‘fiat currency’ refer to?
Group of answer choices
Money backed by gold
Money that has value by government decree
Digital currency like Bitcoin
Commodity money

One benefit of using factor analysis is that, even if its assumptions are not met, you can still use the technique without losing any explanatory power. True False
True
False

with low barriers to entry, if more players enter the market, is the pricing model more likely to be similar to an Oligopoly or a Competitive market going forward?

Which of the following is least likely to be associated with the peak of the business cycle?
a) High inflation
b) Maximum economic activity
c) Rising unemployment

If MUXPXMUXPX > MUYPYMUYPY, the consumer should
buy more X and less Y.
buy more Y and less X.
buy less of X and Y.
buy more of X and Y.

If a public utility is subjected to the ‘rate of return on capital’ regulation, itmight lead to a misallocation of resources by way of overcapitalization.Explain.

Part A: Change the mean value from 0 to −2 and notice what happens. Now change the mean value from −2 to 2 and notice what happens. Describe what you noticed.