Tag: Economics – Others

Keep the Highest 02Calculating changes in price level
Table:
Item
Quantity in Basket
2006 Price
2006 Cost of Basket
2007 Price
2007 Cost of Basket
2008 Price
2008 Cost of Basket
Notebooks
10
$3
$30
$3
$30
$4
$40
Calculators
1
$75
$75
$80
$80
$104
$104
Large coffees
300
$2
$600
$2
$600
$2
$600

Consider the IS-LM model of macroeconomic equilibrium. Which part of the model describes equilibrium in the market of goods? Select one – the most appropriate answer.Group of answer choicesLiquidity-money curve.Consumption-saving curve.Savings-investment curve.Money demand-money supply curve.
Liquidity-money curve.
Consumption-saving curve.
Savings-investment curve.
Money demand-money supply curve.

Describe the variables that might be part of the demand function for this product (like substitutes, complements, advertising, switching costs, etc.). How would you describe the elasticity of demand for this product: Is it highly or somewhat elastic or inelastic or somewhere in between? Why?

Which statement about income elasticity is correct?Question 10 options:
Income elasticity is positive for inferior goods
All answers are correct
Income elasticity is positive for food as a whole
Income elasticity is positive for narrowly defined goods which have better, more expensive substitutes

The demands placed upon the FSLIC by the large number of savings institution failures during the 1980s period caused the FSLIC to
borrow from the Federal Reserve Bank.
become insolvent.
issue bonds to raise capital to cover losses.
receive additional funds from Congress.

Which of the following is not a function of the World Trade Organization?Question 8Answera.Provision of a forum for negotiations between member countriesb.Handling of disputes arising among member countriesc.Enforcing the multilateral approach to free traded.Administration of trade agreements

Which approach predicts that if an economy operates at filemployment and aces tact kit, amary intan (depreciation) will improve the trade balance only i domest sendina, ta tri our plan op
The absorption approach
The Marshall-Lemer approach
The monetary approach
The elasticities approach

The media have often relied on election day polls taken by interviewing voters as they leave a polling place in order to show how an election is unfolding, and reasons why voters vote the way they do. These interviews are called:
Question 7 options:
Elect Polls
Voter Polls
Intro Polls
Exit Polls

The government is concerned about inflation. Which type of policy, all else equal, would NOT help with this situation?Group of answer choices
The government raises taxes.
The Fed pays less interest on banks’ reserves.
The government decreases its spending.
The Fed sells government bonds to banks.

What is a major drawback of Euclidean distance for least-cost path analysis in rugged terrain?It uses network datasets onlyIt produces non-continuous outputIt overestimates cost in flat terrainIt underestinates true travel cost over elevation changesIt requires elevation points as vector data