Tag: Economics – Others

Active policy changes, either in monetary policy or fiscal policy, are required to return the economy to medium run equilibrium if a shock is permanent.

The economic system based on private ownership of the means of production and in which resource allocation depends largely on market forces is known as

Wendy, who is afrald of public speaking, has a big presentation coming up at work.What could Wendy say to holp inoculate herself agalnst the stress?a.)

Once a trigger event motivates a reevaluation of values, goals, and strategy, the transformation typically follows which set of sequential interventions?

A cartel is a group of firms that athempts toA. maximize joint profit.B. increase oonsumer surplus.C. behave independently.D. maximipe joint revenue

If the real interest rate is 7 percent, there will be ashortage of $60 billionsurplus of $80 billionshortage of $80 billionI surplus of $60 billion.

In the simple Keynesian model, if people earn $4 billion and spend $3.5 billion on consumption goods, then saving is $0.5 billion.a) True◻ b) False

Assume that SkyMasters follows the profit-maximizing rule and the company charges a singe price for
a. $1,050
b. $600
c. $700
d. $1,000
e. $550

Walmart inadvertently revealed a teen’s concealed pregnancy to her parents by mailing to her home address ads for maternity clothes and diapers.TrueFalse
True
False

Question 132 ptsDemurrage is a penalty payment associated with railroads whereas detention is a penalty payment associated with motor carriers.TrueFalse