Exam 1: Limits, Alternatives, and Choices

Assume a household would consume $100 worth of goods and services per week if its weekly income were zero and would spend an additional $80 per week for each $100 of additional income.Letting C represent consumption and Y represent income,the equation which summarizes this relationship is:

(Multiple Choice)

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Question 161

Money is not considered to be an economic resource because:

(Multiple Choice)

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Question 162

If an economy is operating inside its production possibilities curve for consumer goods and capital goods,this means that it:

(Multiple Choice)

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Question 163

If the equation y = -10 + 2.5x was plotted

(Multiple Choice)

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Question 164

All of the following could immediately or eventually lead to an inward shift of a nation's production possibilities curve,except:

(Multiple Choice)

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Question 165

-Refer to the above graph.Using Q_s for quantity supplied and P for price,which of the following equations correctly states the supply of this product?

(Multiple Choice)

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Question 166

Any point inside the production possibilities curve indicates:

(Multiple Choice)

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Question 167

A point on the frontier of the production possibilities curve is:

(Multiple Choice)

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Question 168

A positive statement is concerned with:

(Multiple Choice)

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Question 169

-Refer to the above table.What is the total opportunity cost of producing two units of capital goods?

(Multiple Choice)

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Question 170

The production possibilities curve:

(Multiple Choice)

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Question 171

-In the above diagram the equation for this line is:

(Multiple Choice)

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Question 172

Production possibilities tables for two countries,North Cantina and South Cantina: North Cantina Production possibilities (alternatives) South Cantina Production possibilities (alternatives) -Refer to the above tables.If South Cantina is producing at production alternative D,the opportunity cost of the third unit of capital goods is:

(Multiple Choice)

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Question 173

Recessions are characterised by points that are not attainable on the production possibilities curve.

(True/False)

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Question 174

-In the above diagram variables x and y are:

(Multiple Choice)

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Question 175

-Refer to the above diagram.The equation which shows the relationship between Y and X is:

(Multiple Choice)

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Question 176

-Refer to the above diagram for athletic shoes.If the current output of shoes is Q₃,then:

(Multiple Choice)

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Question 177

If a positive relationship exists between x and y:

(Multiple Choice)

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Question 178

-In line (1)on the above graph,the variables x and y are:

(Multiple Choice)

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Question 179

The problems of aggregate inflation and unemployment are:

(Multiple Choice)

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Question 180

Showing 161 - 180 of 257

Assume a household would consume $100 worth of goods and services per week if its weekly income were zero and would spend an additional $80 per week for each $100 of additional income.Letting C represent consumption and Y represent income,the equation which summarizes this relationship is:

Money is not considered to be an economic resource because:

If an economy is operating inside its production possibilities curve for consumer goods and capital goods,this means that it:

If the equation y = -10 + 2.5x was plotted

All of the following could immediately or eventually lead to an inward shift of a nation's production possibilities curve,except:

-Refer to the above graph.Using Q_s for quantity supplied and P for price,which of the following equations correctly states the supply of this product?

Any point inside the production possibilities curve indicates:

A point on the frontier of the production possibilities curve is:

A positive statement is concerned with:

-Refer to the above table.What is the total opportunity cost of producing two units of capital goods?

The production possibilities curve:

-In the above diagram the equation for this line is:

Recessions are characterised by points that are not attainable on the production possibilities curve.

-In the above diagram variables x and y are:

-Refer to the above diagram.The equation which shows the relationship between Y and X is:

-Refer to the above diagram for athletic shoes.If the current output of shoes is Q₃,then:

If a positive relationship exists between x and y:

-In line (1)on the above graph,the variables x and y are:

The problems of aggregate inflation and unemployment are:

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures: Public Goods and Externalities

Governments Role and Government Failure

An Introduction to Macroeconomics

Measuring the Economys Output

Economic Growth

Business Cycles, Unemployment, and Inflation

Basic Macroeconomic Relationships

The Aggregate Expenditures Model

Aggregate Demand and Aggregate Supply

Fiscal Policy, Deficits, Surpluses, and Debt

Money, Banking, and Money Creation

Interest Rates and Monetary Policy

Long-Run Macroeconomic Adjustments

International Trade

Exchange Rates and the Balance of Payments

Filters

Exam 1: Limits, Alternatives, and Choices

Assume a household would consume $100 worth of goods and services per week if its weekly income were zero and would spend an additional $80 per week for each $100 of additional income.Letting C represent consumption and Y represent income,the equation which summarizes this relationship is:

Money is not considered to be an economic resource because:

If an economy is operating inside its production possibilities curve for consumer goods and capital goods,this means that it:

If the equation y = -10 + 2.5x was plotted

All of the following could immediately or eventually lead to an inward shift of a nation's production possibilities curve,except:

-Refer to the above graph.Using Qs for quantity supplied and P for price,which of the following equations correctly states the supply of this product?

Any point inside the production possibilities curve indicates:

A point on the frontier of the production possibilities curve is:

A positive statement is concerned with:

-Refer to the above table.What is the total opportunity cost of producing two units of capital goods?

The production possibilities curve:

-In the above diagram the equation for this line is:

Recessions are characterised by points that are not attainable on the production possibilities curve.

-In the above diagram variables x and y are:

-Refer to the above diagram.The equation which shows the relationship between Y and X is:

-Refer to the above diagram for athletic shoes.If the current output of shoes is Q3,then:

If a positive relationship exists between x and y:

-In line (1)on the above graph,the variables x and y are:

The problems of aggregate inflation and unemployment are:

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures: Public Goods and Externalities

Governments Role and Government Failure

An Introduction to Macroeconomics

Measuring the Economys Output

Economic Growth

Business Cycles, Unemployment, and Inflation

Basic Macroeconomic Relationships

The Aggregate Expenditures Model

Aggregate Demand and Aggregate Supply

Fiscal Policy, Deficits, Surpluses, and Debt

Money, Banking, and Money Creation

Interest Rates and Monetary Policy

Long-Run Macroeconomic Adjustments

International Trade

Exchange Rates and the Balance of Payments

Filters

-Refer to the above graph.Using Q_s for quantity supplied and P for price,which of the following equations correctly states the supply of this product?

-Refer to the above diagram for athletic shoes.If the current output of shoes is Q₃,then: