Tag: Economics – Others

Question 2 of 27
What is the Misery Index?
the inflation rate
the unemployment rate
the unemployment rate plus the inflation rate
the unemployment rate minus the inflation rate

Suppose we observe that as a furm increases its price its total revenue decreases. Which of the following is a possible value of its price elasticity of demand?0.250.51,

In regands to time lags as they relate to Monctary Policy, which lag is poesibly the longest and most troublesome?
Effectiveness Lag
Legishative Lag
Recognition Lag
Data Lag

a. Mitchell’s managers have vaguely suggested a willingness to lower price in order to deter entry. Is this threat credible in light of the payoff matrix above?

Peter Blau argued that exchange was based on three principles (select all that apply)
Question 15Select one or more:
a.rationality
b.success
c.alternatives
d.marginal utility

When the price of notebooks falls from $4.76 to $1.06, the quantity demanded of notebooks rises from 131 to 276. What is the price elasticity of demand of notebooks?

The altruistic Newhouse model proposes that decision makers in nonprofit firms will choose preferred combinations of quality and quantity with the lowest cost.TrueFalse
True
False

An advantage of foreign direct investment (compared to foreign loans) is that management skill and technological knowledge often accompany such capital flows.TrueFalse
True
False

Which of the following is true with respect to the Production Possibilities Frontier (PPF)?
Correct Answer:
B. An advancement in technology would shift the PPF outward.

Multiple Choice 5 points
Economists assume that a monopoly behave as:
equity or fairness maximizers.
profit maximizers.
maximizers of equity among society.
cost maximizers.