Tag: Economics – Others

Which of following statement is true about the Economic GrowthQuestion 1Select one:
a. It refers to increase in Gross Domestic Product ( GDP)
b. It refers to the long and sustained rise in real Gross Domestic Product (GDP)
c.It is characterized by fall in unemployment rated.
d. Rise in GDP on monetary term

According to the Law of Supply, as the price of a good or service ________________, the quantity of goods or services offered by suppliers _________________ and vice versa. Select 2 correct answer(s)
Question 59 options:
Decreases, Decreases
Decreases, Increases
Increases, Increases
Increases, Decreases

A firm will shut down in the short run if
A. total fred costs are too high.
B. total revenue from operating would not cover all costs.
C. Iotal revenue from operating would not cover fixed costs.
D. total revenue from operating would not cover variable costs.

If the elasticity of demand is 3 , and the price rises by 12 percent, then
the percentage change in quantity demanded will fall as income rises.
the quantity demanded will increase by 3 percent.
the quantity demanded will fall by 36 percent
the quantity demanded will rise by 4 percent.

For any type of tax the government imposesa) deadweight loss plus economic distortion equals tax revenue.b) tax revenue plus market price equals deadweight loss.c) tax revenue plus deadweight loss equals total lost social welfare.d) total lost social welfare plus tax revenue equals deadweight loss.

Why are criteria from an optimal currency area even stronger than for a fixed exchange rate?Group of answer choices
Fixed exchange rates do not require market integration.
Currency unions are difficult to reverse.
Fixed exchange rates allow for independent monetary policy.
Currency unions are more common.

Comment on how an efficient pipeline design in a processor affects public health, safety, welfare, global, cultural, social, environmental, and economic aspects in the following cases (discuss all that apply in each case):
Autonomous Vehicles
Consumer Electronics(e.g. smartphones)
Medical Devices

The dissolution of O2(9) in water is exothermic. To increase the solubility of O2(9) in water, the water’s temperature and the O2(9) pressure above the water.

Why is the test for tryptophan hydrolysis called the indole test?
Because one of the byproducts of hydrolysis is indole.
Because the bacterium makes tryptophan when it breaks down indole.
Because indole is the reagent used to detect the products of hydrolysis.
Because indole is another name for tryptophan.

Question 36
If the U.S. government increased its holdings of British pounds,
there would be an increase in U.S. official reserves.
the capital and financial account would increase.
the capital and financial account would decrease.
there would be a decrease in U.S. official reserves.