Other Economics Answers

Which one of the following statements is correct?

A. The quantity demanded is inversely related to price.

B. The market demand curve is calculated by averaging the demand curves of individual consumers

C. An increase in price leads to a decrease in demand

D. According to the law of demand, the demand curve is always a straight line.

If there are three suppliers of furniture, namely Tables Co., Home Inc. and Le House, and they produce 57 furniture pieces, 30 furniture pieces and 120 furniture pieces respectively, what is the market supply of furniture?

A. 120 pieces of furniture

B. 30 pieces of furniture

C. 207 pieces of furniture

D. 57 pieces of furniture

• If five (5) companies are supplying bolts and screws, and one company closes down, what will happen in the market for bolts and screws? A. The quantity supplied will decrease.
•  B. The supply of bolts and screws will decrease.
•  C. The demand for bolts and screws will increase.
•  D. Nothing will happen, as the market is currently in equilibrium.

What caused the equilibrium to change from E₁ to E₂ in the graph below?

•  A. change in supply, followed by a change in quantity demanded
•  B. change in supply only
•  C. change in demand, followed by a change in quantity supplied
•  D. change in supply and demand

A)  What benefits can be derived from break even analysis?

B) What data are necessary to construct a break-even chart?

Discuss the Accelerated and Shared Growth Initiative (AsgiSA) in detail.

what is the effect on the market when suppliers under invest in their businesses

According to multiple sources, "Americans owe over $1.4 trillion in student loan debt...that's about $620 billion more than the total U.S. credit card debt...the average class of 2016 graduate has $37,172 in student loan debt" (SLH). What potential problems does this pose? What, if anything, should be done about this and by whom?

2) What motivated you to go to college and do you think that it will be worth the investment?

3) What should Americans consider before applying to college?

Which of the following statements is NOT correct?

a. A balance in a demand deposit can used as a medium of exchange.

b. A liquid asset is an asset that can easily be sold and transformed into money.

c. A share in a mining company may be regarded as money because it can be used to conserve wealth.

d. Gold bars are not money because they are not generally acceptable as a medium of exchange.

The time that elapses from the date on which the Treasure implements a tax on soft drinks that contain sugar, until the time that consumers start to purchase more sugar-free soft drinks and fewer soft drinks that contain sugar, is an example of the .......... lag.

a. Recognition

b. Impact

c. Administrative