Tag: Economics – Others

An electoral system in which parties gain seats in proportion to the number of votes cast for them is know as what?
Proportional Representation
Checks and balanaces
Separation of Powers
Federalism

If the expected rate of inflation were to increase from 3% to 4%, the IS curve (3) ____
Choice 1 of 3: remains stationary
Choice 2 of 3: shifts to the left
Choice 3 of 3: shifts to the right

What happens to producer surplus when the price of a good increases?
Multiple Choice
Producer surplus increases
Consumer surplus stays the same
Producer surplus decreases
Consumer surplus increases

When GM advertises its cars, the company is trying to cause a.
a. Rightward shift in the demand
b. Leftward shift in the demand
c. Rightward shift in the supply
d. Leftward shift in the supply

Which of these factors are economic forces?
Alliances, trade practices and marketing
Competition, pressure, and tasks
Goods, services and resources
Interest rates, unemployment and economic growth

What makes the demand for the economy’s output of goods and services equal the supply?
government purchases of goods and services
the real interest rate
the foreign exchange rate
transfer payments

What are the experiment dates for “Are Emily and Greg More Employable than Lakisha and Jamal? A Field Experiment on Labor Market Discrimination” by Marianne Bertrand and Sendhil Mullainathan?

True or false when a cpuntry moves along its production possibility fronteir to produce more of one good the opportunity cost is represented by the decrease in the production of the other good

A consumers preferences over and are given by the utility function (, ) = 2 + 2.
Theindividuals income is = $100. The price of a unit of good is $2, while the price of a unit ofgood is $1.

110 points
Which of the following is NOT a benefit of checking accounts?
Helps you better manage your money
Keeps your money safe
Helps you better manage your stock portfolio
Insures your deposits