Tag: Economics – Others

What is the growth rate of Real GDP per capita for Metropolis from 2019 to 2020?______%(Your answer includes first decimal point; eg) if your response is 9.98, write down 9.9 in the answer.)

A price equal to the low-point of ATC where MC intersects ATC is commonly referred to as the [blank] price.
Group of answer choices
revenue maximizing
break-even price
cost minimizing
market price

When a price ceiling is enacted, the new price is established below the old equilibrium price, quantity demandedcreating disequilibrium.rises; also risesfalls; risesfalls; also fallsrises; falls

Which of the following defines the “rules of the game” that structure economic incentives?
Select one:
a. factors of production
b. institutions
c. economic laws
d. technical knowledge

What is the real interest rate if the nominal interest rate is 7 percent and the expected inflation rate is -3 percent? a. 10 percent b. -3 percent c. 0 percent d. -4 percent e. 4 percent

An effective price floor is set ___________ equilibrium and is meant to help the producer and results in a ______________.
below
surplus below
shortage above
shortage above
surplus

The economic system that allows individuals the least degree of economic freedom is ________.
Question 11 options:
A) authoritarianism
B) capitalism
C) mixed capitalism
D) free-market
E) planned

Question 4 (1 point)
Which of the following trade prices will be accepted by both parties?
1 diamond for 4 coconuts
2 diamonds for 1 coconut
1 diamond for 2 coconuts
4 diamonds for 1 coconut

The basis for free trade is the concept ofQuestion 14 options:
A) differences in natural resources and climate.
B) comparative advantage.
C) differences in nominal wages.
D) absolute advantage.

Multiple Choice Question
A measure of inflation that considers wholesale prices of inputs is called
the producer price index.
the income expenditure index.
the consumer price index.
the GDP deflator.