econ 130
An increase in consumer desire for strawberries is most likely to
The allocation method not paired with a suitable illustration would be: (1) Merit - awarding improved grades to the students who perform excellent on an exam. (2) Arbitrary selection - Congress activates a draft to safe soldiers to serve up in Iraq. (
Can someone help me in finding out the right answer from the following options. As the time passes, the production possibilities frontier will enlarge: (1) Proportionally if population growth accelerates. (2) Rapid the more people invest and save. (3)
In a completely employed economy, the reduction in an output for one good which is needed to raise the output of another good: (1) Symbolizes an opportunity cost. (2) Makes society inferior off than before. (3) Enhances economic welfare. (4) Needs tec
The fundamental issue of how production will be systematized in a market economy is most directly and instantly recognized by: (i) Govt. officials. (ii) Economic fore-casters. (iii) Suppliers or entrepreneurs. (iv) Worker committees. (v) Consumers. Q : Significant economic roles The ‘mixed The ‘mixed economy’ is one which is characterized by: (1) A diverse industrial base employing different applied technologies. (2) Significant economic roles for both private and public sectors. (3) Regional industries with intrastate and inter trade. (4) B
The ‘mixed economy’ is one which is characterized by: (1) A diverse industrial base employing different applied technologies. (2) Significant economic roles for both private and public sectors. (3) Regional industries with intrastate and inter trade. (4) B
Which of the following econometric models are linear in parameters or variables (state if they are linear in both)? Explain briefly what kind of data transformation would be needed to estimate the parameters of these models. i) Yi = ?1 + ? 2 Xi 2+ ?3 Xi 3 + ui ii) Yi= ß1 + ß2 ln X + ui iii) Y
I have a problem in economics on Allocative Mechanisms. Please help me in the following question. The market system is an illustration of a/an: (1) Allocative mechanism. (2) Social organization. (3) Political system. (4) Exploitation device.
Since an economy moves all along a concave (or bowed-out) production possibilities frontier, the: (i) Cost rises for the good whose production increases. (ii) Net value of output should raise. (iii) Unemployment rate drops, however inflation creeps up
The real economic growth and development are evaluated by the changes in total value which people place on their income and doing the things they enjoy. The real sources of growth would not comprise: (1) The profits in consumption which are made acces
Which one of the following statements about discretionary fiscal policy is correct? A. Discretionary fiscal policy refers to the changes in taxes and transfers that occur as GDP changes. B. Discretionary fiscal policy refers to any change in government spending or taxes that destabilizes the econo
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