Tag: Economics – Others

A stock price decreases by 30% and then increases by 30%. The final prices is:Lower than the original priceHigher than the original priceSame as the original priceDepends on the original price
Lower than the original price
Higher than the original price
Same as the original price
Depends on the original price

A good with inelastic demand probably
Answer choices
Has many substitutes
Has a long time frame being studied for consumers to adjust to price changes.
Is not very expensive
Is a luxury good

Which of the following issues would most likely lead the Fed to implement a restrictive monetary policy?
Low consumer spending
Slow economic growth
High unemployment rates
Excessive inflation

If a state establishes a minimum wage that is higher than the federal minimum wage, the _____ minimum wage must be paid.
higher
lower
average
earliest established
Answer: A.

“An increase in productivity with respect to any one good increases our options for producing and consuming all other goods.” Which of the following best explains the meaning of that statement?

Which of the following determines the demand for a commodity?Question 44 options:The number of sellersProducers’ expectationsThe price of the commodityNumber of consumersThe prices of resources
The number of sellers
Producers’ expectations
The price of the commodity
Number of consumers
The prices of resources

The National Practitioner Data Bank may disclose information to which of the following groups?Multiple ChoiceMedical malpractice insurersDefense attorneysState licensing boardsThe general public
Medical malpractice insurers
Defense attorneys
State licensing boards
The general public

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

What factor has contributed to the growth of commercial sports?
Group of answer choices
Isolation of urban areas
Decrease in disposable income
Rural population growth
Industrialization of the economy

What is the primary focus of the Local Government: Municipal Systems Act, 2000?
A. Territorial boundaries
B. Financial control
C. Integrated development planning
D. Demarcation of municipalities