Tag: Economics – Others

A theory of _____ judges an action based on the moral life and what morality obliges us do in certain situations.
Group of answer choices
an ethic of virtues
an ethic of principles
moral principles

QUESTION 5Alex downloads 7 apps a month when the price is $1.99 per app, and 10 apps per month when the price is $0.99 per app. Alex’s behavior demonstrates the law ofpricesupplydemandincome

Month Price Quantity DemandedAugust $61 146September $64 138October $67 130November $46 185December $73 115What is price elasticity of demand for September?Group of answer choices1.21.760.640.82

2Some timber-rich countries exchange raw timber as payment for goods. This is an example of
Multiple Choice
marketing
countertrade
balance of trade
rivalry conditions
trade equity

2B Economics, Politics, and Public Policy: The most difficult arena in which to attempt to gain consensus on environmental policy is Select one:
a. state.
b. national.
c. local.
d. international.

A firm’s demand equation is given by Q=36-2.1P+.24Y, where Q is quantity, P is price, and Y is income. The coefficient of P (i.e., -2.1 ) indicates that, all other things being held constant,

An investment is
forgone current consumption for definite future benefit
current consumption for future benefit
always a zero sum game
forgone current consumption for expected future benefit

What is projected to account for 80 percent of increased global demand for electricity in the current decade?
Multiple Choice
renewable fuel sources
oil
natural gas
nonrenewable fuel sources

Life cycle inventory studies (LCIs) differ from LCAs in that they do not usuallyconsider which of the following phases:
Impact assessment
Goal and scope definition
Inventory analysis
Interpretation

Which of the following was NOT among the economic policies initiated by Emperor Wudi?
debasement of the currency
taxes levied on government officials
taxes levied on merchants
“ever level” granaries