Tag: Economics – Others

Choose the term that matches this concept:A pricing strategy where the seller choose output and price and charge all customers that same priceSelect one:a. 1st-Degree Price Discriminationb. 2nd-Degree Price Discriminationc. Single-Price Strategyd. 3rd-Degree Price Discriminatione. Two-Part Pricing

22The CPI measuresthe cost of a fored basket of good bought by a typical consumer over time.the cost of all goods and services produced by consumers over time.the change in quantities of goods and services consumed by households over time.the cost of maintaining a middle-class lifestyle over time.

During the 1945-1946 Hungarian hyperinflation, when the rate of inflation reached 41.9 quadrillion percent per month, the Hungarian government discovered that the real value of its tax receipts was falling dramatically. To keep real tax revenues more stable, it created a good called a

The biggest problem in securing sufficient labor throughout the year on a cash grain farm is
Multiple Choice
labor needs are highly wariable from month to month.
laber supply is highly variable from month to month.
working conditions have become worse in recent decades.
there are no slack work periods.

10 If the Fed reduces the interest on reserve balances rate, it is trying to
Multiple Choice
discourage the banks from lending into the money market.
encourage the banks to lend into the money market.
decrease the money supply.
increase the policy rate.

The market demand for labor in the fast-food industry is largely elastic. What is the mostlikely reason why?
The product demand is inelastic
Labor makes up a small proportion of total production costs
It is hard to substitute labor for capital in the production process
None of the above

When the Pearson correlation coefficient gets closer to -1.0, what is true?
Group of answer choices
Variables x and y align close to a downward sloping line.
The downward-sloping straight line describing x and y gets steeper.
Variables x and y get farther apart.
The means of x and y get farther apart.

A successful consumer boycott of veal would impact the equilibrium price of veal as follows:
Group of answer choices
Demand falls resulting in price fall
Demand and supply do not change keeping price steady
None of the above
Supply increase resulting in price fall
Demand fall resulting in price increase

Short run speculation in currencies can create ________________________, at least for a time, where an expected appreciation leads to a stronger currency and vice versa.
Question 41 options:
1) low inflation rates
2) high inflation rates
3) a self-fulfilling prophecy
4) a decrease in the supply side

Self-interest is the mechanism that can remedy this shortcoming. Said Smith: “It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest”– Buyers want ­­­­____________ – Sellers want to __________