Tag: Economics – Others

Now that you’ve bought your Tesla, you can take advantage of all the newcharging stations that are being built around the Lansing area (at least before NEVI gotpaused). In this case, you consider your Tesla to be a ________.A) Congestion goodB) Network goodC) Normal goodD) Substitute good

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

Which of the following is NOT correct?
Group of answer choices
In 2015, the inflation rate was 4.9 percent in India
In 2015, the inflation rate was 7.8 percent in the U.S.
In 2015, the inflation rate was 84.1 percent in Venezuela
In 2015, the inflation rate was 1.5 percent in China.

The state of Oklahoma lies in which Federal Reserve District?
District 11 with the Federal Reserve Bank in Dallas
District 8 with the Federal Reserve Bank in St. Louis
District 10 with the Federal Reserve Bank in St. Louis
District 10 with the Federal Reserve Bank in Dallas
none of the above

The opportunity cost for Jeremiah of going to a water park isa) the highest valued alternative activity Jeremiah could have done instead.b) zero, if he can go with his parents who will pay.c) the price of the admission pass.d) zero, if it is raining that day and the water park is closed.

which of the following statements are true? exchange rates are not effected by bilateral trade when there is a floating trade system, in a monetary system with floating exchange rates the exchange rate between two countries is determined by the relative supply and demand for their currencies

18)
Suppose you withdraw $ 500 from your checking account deposit and bury it in a jar in your back yard. If the required reserve ratio is percent checking account deposits in the banking system as a whole could drop up to a maximum of
50.
550.
5500.
$ 5,000.

Classroom Economist: Characteristics2 of 9The employment to population ratio measures:the number of adults over age 21 who have a job.the number of people working, divided by the unemployed.the number of people working, divided by the population.the unemployment rate divided by population.

Increasing opportunity costs are reflected in: Multiple choice question.
the inwardly bowed shape of a production possibilities curve
the negative slope of a production possibilities curve
the horizontal intercept
the vertical intercept
the outwardly bowed shape of a production possibilities curve

According to new growth theory, which of the following promote economic growth? Check all that apply.
Discovering and implementing new ideas
Destroying available resources to start anew
Devoting more resources to technological development
Discouraging workers from trying new ways of doing things