Tag: Economics – Others

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

The movement of goods and services among nations without political or economic restrictions is calledMultiple Choicea global economy.free trade.trade restriction.trade expansion.import/export.
a global economy.
free trade.
trade restriction.
trade expansion.
import/export.

The Heckscher-Ohlin theory explains comparative advantage enjoyed by countries in the production of certain goods interms of underlying differences in consumer tastes and preferences.

Along a linear demand curve, total revenue is greatest where demand is:
Responses
A inelastic
B elastic
C perfectly elastic
D perfectly inelastic

A health analytics professional must be skilled in all of the following except:
management and economics.
computer hacking.
statistical understanding.
healthcare operations.

Ceteris paribus, _____ would result in a higher present value.
Part 1A.
a lower discount rate
a lower future value
a greater number of periods
None of the above

Deflation is
Question 7
when currency has less value and less can be bought with it.
when currency has more value and more can be bought with it.
when prices are rising.
none of the above

If the number of worker-hours in an economy is 100 and its labor productivity is $5 of output per worker-hour, the economy’s real GDP:
Question 30 options:
A) is $20
B) is $500
C) is $5,000

franchising exists when a franchisee is licensed to sell specific products under the franchiser’s brand name through aselective distribution system.
Trade namePureConversionProduct distribution

If the price of potatoes (an ingredient) falls, and at the same time the demand for french fries rises, then we can be fairly confident that the equilibrium _____ of french fries will _____.