Tag: Economics – Others

To alleviate the mischiefs of faction, government should
encourage people to have similar perspectives
have only the best statesmen
limit liberty
try to limit the effects of factions
worry about fire

The _____ is amount by which actual output in the short run exceeds the economy’s potential output.
Question 7 options:
natural rate of employment
expansionary gap
aggregate demand
aggregate supply

The marginal utility per dollar spent on the last orange consumed isIf the price of an apple is $0.50, how many apples would Johnnyhave to consume before he considers purchasing another orange?

Variables that change before real GDP changes are measured by the:
a. forecasting gauge.
b. index of leading indicators.
c. personal income index.
d. real GDP index.

Economic Status Probability Rate of ReturnWeak Economy .15 -5%Static Economy .60 5%Strong Economy .25 15%Refer to the above information. What is your standard deviation of returns for next year?

A decrease in taxes will lead to Blank______.Multiple choice question.
an increase in aggregate demand
no change in the aggregate demand
a decrease in aggregate demand
a decrease in aggregate supply

When a grocery store offers discount coupons in papers or online, it is trying toa. provide a social service.b. undercut its competition.c. reward the frequent readers.d. price discriminate.

All of the following illustrate how government can correct for positiveexternalities EXCEPT:
subsidies
government financing or production
fees charged to the producer
regulation to require an action

Which of the following is correct of federal powers in the U.S. system?
They are limited and granted.
They are unlimited and granted.
They are limited and inherent.
They are unlimited and inherent.

Low income countries are at a(n) when it comes to increasing worker productivity and economic growth as compared to high-income countries.
neither an advantage nor disadvantage
disadvantage
advantage