Reference no: EM132643857
True/False
1. Economic analysis is used in all decision making.
2. In economics, all the items that people would consume if they had unlimited income are known as outputs.
3. Scarcity arises because resources are finite and are inadequate to meet all human wants.
4. Economic goods are available in desired quantities at a zero price.
5. According to the law of demand, other things being equal, when the price a good goes up, then people buy less of that good.
6. The equilibrium or market clearing price occurs at the point at which quantity demanded equals quantity supplied.
7. In order to be effective, a price floor must be set below equilibrium price.
8. Price ceilings often generate black markets.
9. Market failures prevent the price system from attaining economic efficiency.
10. An increase in injuries to pedestrians caused by accidents resulting from electronic billboards distracting drivers is an example of a negative externality.
11. The main source of government funding is user fees.
12. The average tax rate is defined as total tax due divided by total taxable income.
13. The term "unemployment" is best described as the total number of people not working.
14. The labor force is defined as all individuals who are at least 16 years old and are currently employed or unemployed.
15. According to the World Bank and the International Monetary Fund, China has shown the greatest rate of economic growth in the past two decades.
Attachment:- Macro Economics.rar
|
Discuss the concept of risk modeling
: Discuss the concept of risk modeling. Please also evaluate the importance of risk models. Lastly, construct an approach to modeling various risks
|
|
Philosophy on theology of thomas aquinas
: Discuss the influence of philosophy on the theology of Thomas Aquinas.
|
|
How the GDP Deflator equals
: If nominal GDP equals $5,000 and real GDP equals $4,000, then the GDP Deflator equals? If nominal GDP equals $6,000 and GDP deflator equals 200, then real GDP
|
|
Discuss the purpose and importance of financial ratios
: Discuss the purpose and importance of financial ratios and financial analysis. What are the limitations of financial ratio analysis? If we divided the users
|
|
Price ceilings often generate black markets
: Economic analysis is used in all decision making. Price ceilings often generate black markets. The main source of government funding is user fees.
|
|
Analyze the rationale and purpose of the exclusionary rule
: Write a 700- to 1,400-word paper in which you analyze the rationale and purpose of the exclusionary rule and identify exceptions to the rule.
|
|
Construct the bottom half of the income statement
: Make an Excel spreadsheet to organize your answers to the following problem, and submit your Excel file as an attachment by clicking on the appropriate button o
|
|
Calculate the unemployment rate with the unemployed data
: Calculate the unemployment rate with the following data: Unemployed: 10 million, US Population: 200 million, Employed: 90 million
|
|
Reviewing-analyzing a given firm
: Why do many financial professionals 'start' with the statement of cash flows when they are reviewing/analyzing a given firm.
|