A useful economic model
A) utilizes only the two most important factors to analyze the problem under consideration.
B) generates statements that are incapable of refutation.
C) represents every detail of the real world.
D) yields usable predictions and implications for the real world.
D
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Which of the following topics is not a part of a typical scenario plan?
a. Informatics. b. Cash flows. c. Automation, miniaturization, robotics, and research. d. All the above are a part of a typical scenario plan. e. Aging populations.
Suppose we were analyzing the pound per Swiss franc foreign exchange market. If Switzerland's interest rate rises relative to England and nothing else changes, then the:
a. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing a depreciation of the Swiss franc. b. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market rises, causing an appreciation of the Swiss franc. c. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing an appreciation of the Swiss franc. d. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market rises, causing an uncertain change in the value of the Swiss franc. e. Neither supply nor demand in the foreign exchange market change because relative international prices influence trade flows and not the exchange rate.
What does unitary elastic demand mean?
What will be an ideal response?
Total allowable catch (TAC):
A. explicitly limits the number of days in a season that particular fish may be caught. B. explicitly limits the number of boats allowed to fish in a particular area. C. explicitly limits the number or tonnage of fish that can be harvested from a particular fishery. D. issues tradable permits limiting the number of fish a particular fisher can catch.