Tag: Economics – Others

Suppose that in Japan one worker can produce cars. What is the opportunity cost of producing one car in Japan?
0.4 tons of grain
0.8 tons of grain
1.25 tons of grain
2.5 tons of grain

The coefficient on mrate indicates that on average a decrease in the 401(k) plan match rate by 0.3 results in approximately a percentage point in the 401(k) plan participation rate by workers.

Question ModeMultiple Choice Question
Increasing opportunity cost is reflected in a production possibilities curve that is _____.
downward-sloping straight line
bow-shaped

risk is the risk that arises when firms or markets have the potential to propagate shocks or credit events and to inflict significant damage on the financial system and broader economy.

Assume the price elasticity of demand for oil is −0.5 and the price elasticity of supply for oil is 0.3. The estimated impact on oil prices of a 5 percent increase in the supply of oil is a:

Factors that contributed to the development of sociology mainly includeagricultural revolution.global economic crises.industrialization and urbanization.deindustrialization and suburbanization.

If increasing the price of solar panels by 20% leads to a decrease in the quantity demanded by 10%, what isthe absolute value of the price elasticity of demand for solar panels?-0.50.5-2.02.0
-0.5
0.5
-2.0
2.0

If the wage goes up 4 percent and the quantity of labor supplied increases by 6 percent, what’s the elasticity of labor supply?Instructions: Enter your response rounded to two decimal places.
Answer:

In a , players’ actions occur at the same time, forcing players to make decisions without knowing how the other players will act.
sequential-move game
simultaneous-move game
cartel
Nash equilibrium

An economy in which individuals and businesses make decisions based on consumer needs and wants is a
communist economy
planned economy
market economy
socialist economy
I DON’T KNOW YET