Tag: Economics – Others

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 the price level doubles, the value of money
falls by 50 percent.
doubles.
rises but does not double, due to diminishing returns.
more than doubles, due to scale economies.

Openness to the global economy as measured by the percent of GDP accounted for by imports and exports is positively related toa. economic recessionb. human developmentc. UNDPd. fragmentation

Refer to Table 1. Assume each country has 60 machine minutes available.If each country divides its time equally between the production of toothbrushes and hairbrushes, then total production is

Susie knows that too many sugary treats while delicious when eating have a long-term adverse effect on weight and health based on this informationa, neoclassical economist would expect susie to

If the marginal cost of producing hair styling decreases, then the efficient quantity of hair stylings to produceA. increasesB. remains the sameC. depends on the marginal benefitD. decreases

Individuals, firms, and societies are limited in the amount of goods and services that they can produce. This is a direct result of:
a – waste
b – unemployment
c – scarcity
d – irrational behaviour

Assume that Ariel is a rational consumer who consumesonly two goods—oats (O) and bananas (B). Assume thather marginal rate of substitution of bananas for oats isgiven by the following formula:

Blank is the ability of a firmer industry under free and fair market conditions to design produce and make goods and services that are better and cheaper than those of other firms and industries

During the discovery stage of litigation a subpoena duces tecum Maybe used by the opposing party to obtain documents to get witness testimony to get written answers to questions all of the above