Macroeconomics Exercise - 6133 Words

Questions in macroeconomics Instructor: MA. Bui Huy Khoi Chapter 1 What is economics? Top of Form [pic] Question 1 Resources in an economy: a) Are always fixed b) Can never decrease c) Always increase over time d) Are limited at any moment in time [pic] Question 2 Human wants are: a) Always fixed ) Limited c) Unlimited d) Likely to decrease over time [pic] Question 3 The sacrifice involved when you choose a particular course of action is called the: a) Alternative b) Opportunity cost c) Consumer cost d) Producer cost [pic] Question 4 Which of the following is not one of the basic economic questions? a) What to†¦show more content†¦Capital [pic] Question 8 The resources in an economy are: a) Constantly increasing b) Fixed at any moment c) Constantly decreasing d) Able to be transferred easily between industries [pic] Question 9 Any combination of products inside the production possibility frontier is: a) Allocatively inefficient b) X inefficient c) Consumer inefficient d) Productively inefficient [pic] Question 10 An outward shift of the production possibility frontier may be caused by: a) An increase in demand b) More government spending c) Better training of employees d) Productive inefficiency Top of Form [pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic] Bottom of Form Chapter 2: National income and the standard of living Top of Form [pic] Question 1 Gross National Product equals: a) Net National Product adjusted for inflation b) Gross Domestic Product adjusted for inflation c) Gross Domestic Product plus net property income from abroad d) Net National Product plus net property income from abroad [pic] Question 2 Net National Product equals: a) Gross National Product adjusted for inflation b) Gross Domestic Product adjusted for inflation c) Gross Domestic Product plus net property income from abroad d) Gross National Product minus depreciation [pic] Question 3 The standard of living is often measured by: a)Show MoreRelatedEcon 2301 Study Guide1079 Words   |  5 PagesECON 2301: Principles of Macroeconomics Hennessy ECON 2301 Principles of Macroeconomics Time: Th 7:05 pm – 9:45 pm Synonym: 40512 Section: 023 Room: NRG2 2120 Instructor: Gregory Hennessy Office: NRG PB3 Hours: Th 6:30 pm – 7:00 pm Th 9:45 pm – 10:15 pm And by appointment Phone: Email: Course Description Principles of Macroeconomics deals with consumers as a whole, producers as a whole, the effects of government spending and taxation policies, and the effects of the monetary policy carriedRead MoreEssay about Divisions of The Field of Economics1407 Words   |  6 PagesEconomics is the science that permits you to assess your companys position in the business cycle as needed. Economics works hand-in-hand with corporate strategy. While strategy addresses the â€Å"how† and â€Å"why† of business decision-making, macroeconomics tries to pinpoint the â€Å"when† of strategic decisions. As a member of the management team in a growing business part of your responsibilities will be to analyze economic conditions and predict recessions and recoveries based on the business cycle. IfRead MoreEc 301 midterm1167 Words   |  5 Pageswith low inflation and low un-employment. There has been only a few occasions where the results did not follow this norm 2. (7 points) Discuss the difference between Microeconomics and Macroeconomics. Microeconomics deals with the individual parts in the economy and how they relate to each other. Macroeconomics deals with the totals of these parts in our economy 3. (10 points) Use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital andRead MoreHow The Government Manages Macroeconomic Issues1276 Words   |  6 PagesExecutive Summary In giving a diagram of the workings of the economy, this contextual investigation concentrates on the key part of HM Treasury in actualizing Government financial arrangements. It concentrates on: 1. How the Government manages macroeconomic issues, for example, financial development, livelihood and expansion. These issues are about the economy in general. 2. How the Government manages microeconomic issues, for example, the execution of organizations and their items inside of businessRead MoreMonetary Policy Should Consider Asset Prices944 Words   |  4 Pagesunderlying macroeconomic model, Central Banks tend not to respond to asset prices, in the absence of it they prefer to respond. Aim 2: Use payoff functions to estimate net benefit of responding. Approach 2: We define uncertainty as the possibility of asset price variable coefficients being zero ( φ = 0, ÃŽ ² = 0). We can now lay out the possibilities a policy maker faces by the following: True macroeconomic structureRead MoreA Turning Point For Morocco s Political System1455 Words   |  6 Pagesrise in spite of macroeconomic reforms 15. has increased in recent years despite macroeconomic reforms.15 The Human Poverty Index of UNDP places Morocco 96th out of 120 countries. About 10% of the populace do not have adequate soucres for drinking water and 10% of chldren are malnourished.16. This goes to show that the quality of living of its citizens Morocco’s problems in the economic secotr are not exactly related to the state of its public finances and to borad macroeconomic indicators, but ratherRead MoreInternational Currency And International Trade1385 Words   |  6 Pagesinternational currency, it would meet various benefits and costs which could be analyzed from both economic and political dimensions. It has be argued (Cohen 2012)that the main advantages is related to transactions costs, international seigniorage macroeconomic flexibility, political leverage and reputation. With the internationalization of the currency .the domestic currency can be directed used for international trade valuation, payment and settlement. The foreign trade sector can use domestic currencyRead MoreUnderstanding And Applying Gdp And Productivity And The Wellbeing Of An Economy741 Words   |  3 PagesPhase 2 Understanding and Applying GDP in Economics Jack G. Schnackenberg Colorado Technical University Econ 210 Principles of Macroeconomics Dr. Joseph Keller 17 October 2015 Understanding and Applying GDP in Economics This paper takes a look into how to measure aggregate output/productivity and the wellbeing of an economy as a whole by factoring consumption, investment, government spending, net exports and imports. Gross Domestic Product (GDP) is an effective tool that can aid economistRead MoreFdi Boon or Bane5112 Words   |  21 Pagesof increase in FDI. Hypothesis- Increase in FDI going to affect positively on Indian market for Short term period. Data and Methodology- We use secondary data for this research paper. It is just an Literature Review.The paper attempts a panel exercise for the select major emerging market economies to ascertain determinants of FDI flows. The data set comprises observations for the period from 2003-04 to 2009-10 for 10 major emerging economies, viz., Argentina, Brazil, Chile, India, Malaysia, MexicoRead MoreThe Impact of Macroeconomic Instability on the Banking Sector7782 Words   |  32 PagesJournal of Money, Investment and Banking ISSN 1450-288X Issue 7 (2009)  © EuroJournals Publishing, Inc. 2009 http://www.eurojournals.com/JMIB.htm The Impact of Macroeconomic Instability on the Banking Sector Lending Behaviour in Nigeria Somoye, Russell Olukayode Christopher Associate Professor, Department of Banking and Finance Olabisi Onabanjo University, Ago-Iwoye P.O Box 1140 Ijebu Ode , Nigeria E-mail: olukayodesomoye@hotmail.com Tel: + 234-8033335688 Ilo, Bamidele M Department of Banking