macroeconomics
A university pupil is faced with a tough decision of how to spend one hour this night. She could
babysit her professors infant at an hourly salary of 7 greenbacks, she ought to work on the
college library at a salary of six greenbacks or she ought to finish her econmics homework
project. If she chooses to complete her homework assignmnet, she has incurred an possibility
price identical to - ANS-seven dollars
a country produces items x and y. Assume that technological development has elevated
manufacturing of products x by 50 precent and improved produciton of correct y through 10
percentage assuming that true x is plotted on the x axis and excellent y is plotted on the y axis
we will conclude that - ANS-the manufacturing possibility curve has gotten flatter and the
possibility price of exact x has fallen
a international locations produces items x and y think that technological progress has multiplied
production of true x and y is plotted on the y axis we are able to conclude - ANS-the absolute
slope of the production opportunity curve has decreased and the oppurtunity price of exact y
has risen
All factors outside the manufacturing opportunity curve constitute: - ANS-non feasible
manufacturing points
An expansion is a duration in which: - ANS-output rises
As long as human beings have exceptional ________, each person has a comparative
advantage in some thing. - ANS-opportunity price
At the point at which it's miles presently producing, Britain have to surrender the production of
seventy five hats to provide 25 additional sweaters. The opportunity cost of manufacturing 3
hats is ________ sweaters. - ANS-1
At the point at which it is currently producing, Britain need to surrender the manufacturing of 75
hats to produce 25 additional sweaters. The opportunity fee of producing four sweaters is
________ hats. - ANS-12
international locations that engage in trade will tend to concentrate on items in which they've a
clean and could blank the ones goods - ANS-comparative advantage; export
for the duration of a recession one will often look at - ANS-unemployment fees might be
increasing even as aggregate output is falling.
, Monetary growth is normally associated with which statistic - ANS-a falling unemployement
charge
economist models assist economists - ANS-simplify the complexities of the economy into some
thing that is greater simply studied
economist generally tend to accept as true with that to change peoples behavior you ust -
ANS-change their incentives
economists accept as true with that assets should be used as correctly as viable to -
ANS-obtain society's desires
Florida colleges offered coins bonuses to students who scored excessive at the state's
standardized checks. The cash bonuses are an instance of this monetary precept: -
ANS-humans typically reply to incentives
for the past sever months, in line with capita output has accelerated, however at a slower and
slower price. Over the identical time period, the unemployement price has been falling, but it
seems to have leveled off and can soon upward thrust. At what factor within the enterprise cycle
does the economic system seem like located - ANS-the business cycle peak
Gains from change stand up due to: - ANS-specialization in production
if an economic system has now not accomplished performance, there must exist methods to -
ANS-make a few human beings higher off with out making others worse off
if an financial system is efficient this indicates - ANS-all possibilities to make human beings
higher off without making other human beings worse off had been taken
If Japan, at the factor in which it's far presently producing, should surrender the production of
seventy five computers to supply 25 extra mobile telephones, the opportunity fee of
manufacturing 4 cellular phones is ________ computer systems. - ANS-sixteen
If LeRoyce trades cookies for one among Amir's cakes, we are saying that they are
accomplishing: - ANS-barter
if the economic system produces 10 units of capital goods in step with duration it also can
produce at most blank units of purchaser goods in line with length - ANS-4
if the opportunity prices of manufacturing are constant, the nt he prodcution opportunity curve is
- ANS-a straight line
imports are items and services which might be - ANS-bought from some other united states
A university pupil is faced with a tough decision of how to spend one hour this night. She could
babysit her professors infant at an hourly salary of 7 greenbacks, she ought to work on the
college library at a salary of six greenbacks or she ought to finish her econmics homework
project. If she chooses to complete her homework assignmnet, she has incurred an possibility
price identical to - ANS-seven dollars
a country produces items x and y. Assume that technological development has elevated
manufacturing of products x by 50 precent and improved produciton of correct y through 10
percentage assuming that true x is plotted on the x axis and excellent y is plotted on the y axis
we will conclude that - ANS-the manufacturing possibility curve has gotten flatter and the
possibility price of exact x has fallen
a international locations produces items x and y think that technological progress has multiplied
production of true x and y is plotted on the y axis we are able to conclude - ANS-the absolute
slope of the production opportunity curve has decreased and the oppurtunity price of exact y
has risen
All factors outside the manufacturing opportunity curve constitute: - ANS-non feasible
manufacturing points
An expansion is a duration in which: - ANS-output rises
As long as human beings have exceptional ________, each person has a comparative
advantage in some thing. - ANS-opportunity price
At the point at which it's miles presently producing, Britain have to surrender the production of
seventy five hats to provide 25 additional sweaters. The opportunity cost of manufacturing 3
hats is ________ sweaters. - ANS-1
At the point at which it is currently producing, Britain need to surrender the manufacturing of 75
hats to produce 25 additional sweaters. The opportunity fee of producing four sweaters is
________ hats. - ANS-12
international locations that engage in trade will tend to concentrate on items in which they've a
clean and could blank the ones goods - ANS-comparative advantage; export
for the duration of a recession one will often look at - ANS-unemployment fees might be
increasing even as aggregate output is falling.
, Monetary growth is normally associated with which statistic - ANS-a falling unemployement
charge
economist models assist economists - ANS-simplify the complexities of the economy into some
thing that is greater simply studied
economist generally tend to accept as true with that to change peoples behavior you ust -
ANS-change their incentives
economists accept as true with that assets should be used as correctly as viable to -
ANS-obtain society's desires
Florida colleges offered coins bonuses to students who scored excessive at the state's
standardized checks. The cash bonuses are an instance of this monetary precept: -
ANS-humans typically reply to incentives
for the past sever months, in line with capita output has accelerated, however at a slower and
slower price. Over the identical time period, the unemployement price has been falling, but it
seems to have leveled off and can soon upward thrust. At what factor within the enterprise cycle
does the economic system seem like located - ANS-the business cycle peak
Gains from change stand up due to: - ANS-specialization in production
if an economic system has now not accomplished performance, there must exist methods to -
ANS-make a few human beings higher off with out making others worse off
if an financial system is efficient this indicates - ANS-all possibilities to make human beings
higher off without making other human beings worse off had been taken
If Japan, at the factor in which it's far presently producing, should surrender the production of
seventy five computers to supply 25 extra mobile telephones, the opportunity fee of
manufacturing 4 cellular phones is ________ computer systems. - ANS-sixteen
If LeRoyce trades cookies for one among Amir's cakes, we are saying that they are
accomplishing: - ANS-barter
if the economic system produces 10 units of capital goods in step with duration it also can
produce at most blank units of purchaser goods in line with length - ANS-4
if the opportunity prices of manufacturing are constant, the nt he prodcution opportunity curve is
- ANS-a straight line
imports are items and services which might be - ANS-bought from some other united states
