Tag: Economics – Others

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

If U.S dollar depreciates against foreign currency, the U.S. exports will become relatively more expensive to foreigners and the trade deficit will get worsen.
Group of answer choices
True
False

In which model(s) is it possible to discuss the effects of trade on income inequality within countries?
Question 17 options:
The Ricardian Model
The Hecksher-Ohlin Model
Both models
Neither model

In the circular flow model, households work and receive payment from firms in the ___________. Question 22 options:
financial investment market
financial capital market
labor markets
savings market

In which way can export-led economies make themselves more resilient and less dependent on the weakness of their currencies for boosting their exports? Substantiate your answer with examples.

Question 3: Consider utility function: U(A,B)=10AB2.The price of good A is pA=5, and the price of good B is pB=10. Income is I=150. What arethe optimal amounts of A and B (numeric answer)?

Pimary factors of profuction reler to phoucal nesouras drectly eutracted from nature, while secondary factors of groduction involve the transformation of these resources into goods

q,refers to the total value of all the exports and imports of the world’s nations.
A. Countertrade
B. Gross domestic product
C. International marketing
D. Gross national product
E. World trade

The expression 1x+y is equal to which quantities?
1x+y
(1x)+y
1x+y