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Macroeconomics
What type of firm is a cartel?
Macroeconomics
Economists say that firms maximise profit by producing at a level of output where marginal cost is equal to marginal revenue. The owner of a firm respond, "That's a lot of nonsense. I do not even know what marginal revenue and marginal cost mean. How can I be doing something I don't even know about?" How would you react to this response?
Macroeconomics
Discuss the difference between
- price elasticity of demand
- arc price elasticity of demand
-point price elasticity of demand
- price elasticity of demand
- arc price elasticity of demand
-point price elasticity of demand
Macroeconomics
Discus main assumption of oligopoly markets
Macroeconomics
what does perfection competitive market mean and list its elements
Macroeconomics
define
1. GDP
2. GNP
3. NI
4. Nominal GDP
5. Real GDP
6. Consumer price index
1. GDP
2. GNP
3. NI
4. Nominal GDP
5. Real GDP
6. Consumer price index
Macroeconomics
Given the following information, Anwser all questions below
C= 400+0.85Y
I=250
a)What is the AE equation for this economy
B) What is the Equilibrium income?
C= 400+0.85Y
I=250
a)What is the AE equation for this economy
B) What is the Equilibrium income?
Macroeconomics
Which of the following answers is correct?
What is this formula called: A=C+I
1. Induce consumption
2. Autonomous consumption
3. Autonomous investment
4. Autonomous spending
What is this formula called: A=C+I
1. Induce consumption
2. Autonomous consumption
3. Autonomous investment
4. Autonomous spending
Macroeconomics
Which of the following countries have the highest inequality? Important: change all the values to the same measurement, that is, either change the Gini coefficients to Gini indexes ( or vice versa) and then compare the values.
1. Brazil with a Gini coefficient of 0,52
2. India with a Gini index of 33,3
3. South Africa with a Gini coefficient of 0,65
4. China with a Gini index of 37,0
B. According to Keynesian model, the factors that influence a households induced consumption are the marginal propensity to consume and ..........
1. Its disposable income
2. Its total wealth
3. The number of persons in the household
4. Its net wealth
1. Brazil with a Gini coefficient of 0,52
2. India with a Gini index of 33,3
3. South Africa with a Gini coefficient of 0,65
4. China with a Gini index of 37,0
B. According to Keynesian model, the factors that influence a households induced consumption are the marginal propensity to consume and ..........
1. Its disposable income
2. Its total wealth
3. The number of persons in the household
4. Its net wealth
Macroeconomics
Which change in the rand-dollar foreign exchange market will cause the ZAR (rand) to appreciate and the amount of USD traded daily to increase?
1. A shift of the supply of the USD curve to the left
2. A shift of the supply of the USD curve to the right
3. A shift of the demand for the USD to the left
4. A shift of the demand for the USD to the right
B. If GDP is less than GDE ( gross domestic expenditure) ,then......
1. The country has a surplus on the current account
2. Exports are less than imports
3. The country is consuming less than it is producing
4. The country is a net export
1. A shift of the supply of the USD curve to the left
2. A shift of the supply of the USD curve to the right
3. A shift of the demand for the USD to the left
4. A shift of the demand for the USD to the right
B. If GDP is less than GDE ( gross domestic expenditure) ,then......
1. The country has a surplus on the current account
2. Exports are less than imports
3. The country is consuming less than it is producing
4. The country is a net export
