Escolar Documentos
Profissional Documentos
Cultura Documentos
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EMPIRICAL ECONOMICS
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Question 4
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if we wish to observe the effect of an increase in X has on Y as long as nothing else is changing then we are
making assumption of.........
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Question 6
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The choice of the distribution of output means answering the question(s) of.........
Question 7
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which of the following will occur when there is a simultaneous decrease in demand and a decrease in supply?
A DECREASE IN EQUILIBRIUM QUANTITY
Question 8
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A movement along the demand curve to the left may be caused by a…....
Question 9
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Which of the following will occur when there is an increase in the supply of and increase in demand
for 2assette tapes?
Which of the following will occur when there is an increase in demand for and a dcrease in supply of milk
AN INCREASE IN EQUILIBRIUM PRICE
Question 11
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Apples and oranges are substitute goods. A freeze in Florida destroyed a good portion of the orange
crop.Ceteris paribus.....
Question 12
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An insect that is resistant to currently used pesticides has infested the cotton crop, and this year's crop is only
half of what was produced last year. You accurately predicted that this.........
WILL SHIFT THE SUPPLY CURVE OF COTTON TO THE LEFT, THE EQUILIBRIUM PRICE OF
COTTON WILL INCREASE, AND THE QUANTITY DEMANDED OF COTTON WILL DECREASE
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the more substitute there are for the product....
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Utility
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Question 17
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Question 18
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the law of demand states that as the price of goods increases, the ....
tax is
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Question 33
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a decrease in the equilibrium price of a normal good could be the result of.......
Question 34
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an increase in the equilibrium quantity of a normal good could be the result of.......
Question 35
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chalk and eraser are complimentary products, if the price of chalk were to increase becuase of a decrease in the
supply, the price of eraser would..
Question 36
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suppose the government were to eliminate all restrictions on the fishing industry, as a result, the equilibrium
price of sea food would ___ and the euqilibrium quantity of seafood would _______
Question 37
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1. suppose that automobile workers were to negotiate a very large wage increase, as a result, the equilibrium price
of automobile would ____ and the equilibrium quantity of automobiles ____.
2.
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a decrease in the equilibrium price of a normal good could be the result of.......
Question 39
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Suppose that the technological improvements make certain types of plastic to be just as strong as certain types of
steel, as a result, the equilibrium price of steel would ____ and the equilibrium quantity of steel would _____
Question 40
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Suppose that a boom in stock market prices raises the level of household wealth,as a rsult, the equilibrium price
of vacation home would ____ and the equilibrium quantity of vacation homes would ______.
Question 41
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suppose that drought kills half of the nations corn crop, as a result, the equilibrium price of corn would ____ and
the equilibrium quantity of corn would ____
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Question 48
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descriptive economics......
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DESCRIPTIVE ECONOMICS
Question 50
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