Tag: Economics – Others

What is the GDP equation (with 5 components or variables, GDP is not a component or variable)?
List and briefly describe each of the 5 components of the GDP equation

The foreign policy approach of increasing the territorial or economic influence of one’s own country is known as:
The Marshall Plan
Containment
Expansionism
The Monroe Doctrine

The market is currently at equilibrium where demand curve D intersects with supply curve S. An increase in wages would lead to an increase in equillbrium quantity.
True
False

A decrease in autonomous planned investment spending, other things equal, shifts the ________ curve to the ________.
Question 35 options:IS; rightIS; leftLM; leftLM; right

According to the text, in the absence of uncertainty, no one can obtain a profit from the exclusive ownership of a scarce resource, such as a patent or a franchise, because

The market demand curve faced by a◻ for a typical monopolist.
horizontal
downward sloping

Question 10 (1 point)
growth is said to occur when a country’s welfare falls as the country grows.
Antitrade biased
Anti-neutral
Immizerizing
Protrade biased

What does a high score on extroversion indicate?
A tendency for frequent worry
A high level of emotional stability
A preference for routine
A preference for social interaction

Which of the following legal forms of organization’s income is NOT taxed under individual income tax rate?
Scle proprietorshion.
Corporation.
Limited partnenhio.
Partinerstips.

Developing countries have compressed within a very few years the mortality reductions that took Western Europe a century or more to achieve.
True
False