What is the order in which an economy tries to solve the issue of resource allocation?
a. Production planning, distribution, and output selection.
b. Output selection, production planning, and distribution.
c. Production planning, output selection, and distribution.
d. Distribution, production planning, and output selection.
b
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Shaniq consumes only magazine and CDs. Her income equals $60 per month. CDs are $12 each and magazines are $5 each. What is the equation for her budget line?
A) $60 = Qm + QCD B) $60 = $12Qm + $5QCD C) 12 = -2Qm + 6 D) $60 = 12QCD + 5Qm
Consider a small open economy with desired national saving of Sd = 200 + 10,000rw and desired investment of Id = 1000 - 5000rw. If rw = 0.05, then a rise in government spending of 50 with no change in private saving causes net exports to become
A) 100. B) 50. C) -50. D) -100.
In the Monetarist model,
a. monetary policy and not fiscal policy is the prime factor in aggregate demand movements. b. money demand is more volatile than in the Keynesian model. c. expectations are correct on average. d. aggregate supply is not the primary source of business cycles. e. both a and b.
Answer the following statements true (T) or false (F)
1) In reality, the expected-profit-maximization rule is an operational guideline. 2) Regression analysis can be used to help managers maximize their expected profit. 3) Managers do not face the risk of their product becoming obsolete as long as they hold their product in inventory. 4) Any action that increases the defendant's expected loss from litigation decreases the maximum amount they are willing to pay to settle. 5) One way to decrease a plaintiff's expected value of litigation is to countersue.