Tag: Economics – Others

Question 28
Which of the following observations about tarfis is the?
◻ Tariffs are generally anti-producer and procrsise:
◻ Export tariffs are used to raise revevue for the goernet
◻ Export tariffs are far more common ton inporty
◻ Import tariffs incresse the overl fficeod the wit

Question 2: Refer to the figure below.a) Calculate the total fixed cost when production amount equals 70 units? ( 20 points)b) Calculate the profit maximizing level of output for a market price of 90$ ? ( 20 points)c) Calculate the amount of profit in part (b)? (20 points)

How does quantity supplied differ from supply? Select all that apply:
Quantity supplied is general, while supply is specific.
Quantity supplied is a curve, while supply is a number.
Supply is a curve, while quantity supplied is a number.
Quantity supplied is a specific part of supply.

Other things the same, if workers and firms expected prices to rise by 2 percent but instead they rise by 3 percent, thenQuestion 19 options:
employment and production rise.
employment and production fall.
employment rises and production falls.
employment falls and production rises.

in search of jobs and better life highly educated and skilled people migrate from poor developingcountries to wealthy industrial countries, This phenomenon is called: O Intermational joint venture O Overseas direct investment in human capital O Brain drain O Human diversification

If a manufacturer sells goods abroad for a lesser price than what they sell for at home, it implies that
the manufacturer is engaged in dumping.
twiffs have been reduced.
there has been an improvement in the terns of trade.
an embargo has been established.

An industry that has a limited number of competing firms, such as the U.S. mobile phone market in which four firms controlled 98 percent of the market in 2014, is known asQuestion 13 options:perfect competition.a monopoly.an oligopolistic industry.deregulated.anticompetitive.
perfect competition.
a monopoly.
an oligopolistic industry.
deregulated.
anticompetitive.

Which of the following is a key characteristic of factor markets in economics?
Only physical capital is traded in these markets.
Goods are exchanged between producers and consumers.
Firms are the buyers and households are the sellers.
Prices are set solely by government intervention.

In the modern Keynesian Model the​ short-run aggregate curve slopes upward. How does this model explain the reason behind this upward sloping curve when it only addresses labor​ input?
A. Workers are forced to maintain their current hours without any change in their productivity.

Suppose you and your friend decide to go to the beach during spring break. You need to fly from Kansas City to Mass and over 12 separate airlines provide the service. This market is best characterized as:
A. Monopolistic competition.
B. Monopoly.
C. Perfect competition.
D. Oligopoly.