10 questions on microeconomics, MEI

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Question 1.
Do the people in everyday life the principle of opportunity cost? Give your own examples

Question 2.
The demand function for a certain product is: Qd = 100 - P, the supply function: Qs = 2P - 50. Find the equilibrium price and the equilibrium quantity. The government has decided to reduce the price to 45 rubles., Seeking to stimulate consumption. Where will this lead (to the deficit or surplus)? Determine the magnitude of demand and supply, sales and earnings?

Question 3.
Why in one country in the modern world corporations (joint stock company) accounts for approximately 20% of the total number of firms and about 90% of total output?

Question 4.
From the agreement of two commercial companies, it follows that the parties considered equivalent amount of 10 thousand. Dollars today, and 24 thousand. 414 dollars in 4 years. Is it possible to judge on these data, the percentage of foreign currency deposits at banks will provide over the next four years?

Question 5.
The table contains data on total benefits (mln. Rubles.) And total cost of environmental protection measures for the Black Earth.
Program Total costs Total benefits
Strengthen fishing control 20 30
Protecting small rivers 30 50
Creation of reserves 80 77
Creating national parks 72 84
Which of these programs from the economic point of view, should be done?

Question 6.
Answer true or false the following statement?
1 Gross domestic product - the sum value of all goods and services produced in the economy during the year.
2 Gross national product - a total market value of all final goods and services produced goods and services produced in the country during the year.
3 To avoid double counting, in the GNP included only the cost of intermediate goods.
4 All oil and gas produced in Russia, are intermediate.
5 The transport service included in the composition of the final product produced in a given country.
6 Value added is the company's revenues, net of all expenses.
7 Value added includes wages, but not taking into account the profit margin.
8 The value of the total value added is always equal to the cost of the final product.
9 If the value of the total produced in the country of the total product to deduct the cost of final goods and services, the result is the value of intermediate goods.
10 State social security payments increased GNP.
11 Resale do not increase the GNP.
12 percent received by the holder of the bonds of corporations included in the GNP.
13 percent received by the holder of government bonds are included in the GNP.
14 Income derived by Italian workers in Germany, is not included in the GDP of Italy.
15 increase in the size of state pensions and benefits leads to an increase in GNP.
16 By the "shadow" economy usually referred only legally banned production of goods and services.
17 Realtor commission from the sale of the house increases the GNP.
18 Increase in capital stock is part of the country's GNP.

Question 7.
Which of the events shift: a) the aggregate demand curve to the right; b) the aggregate demand curve to the left; c) the aggregate supply curve to the right; d) the aggregate supply curve to the left.
1 Growth in the money supply. 2 Reduced productivity. 3 Growth of the income tax. 4 The emergence of new technology. 5 The growth of the size of unemployment benefits. 6 Reducing the velocity of money. 7 Strengthening the role of trade unions in the labor market. 8 Increase in inventories firms. 9 The growth of individual taxes. 10 Decrease in interest rates. 11 The expected increase in the rate of profit. 12 The increase in pensions. 13 The increase in capital intensity. 14 The growth of imports. 15 The poor harvest caused by severe drought. 16 Reducing household debt. 17 The growth of the state budget deficit.

Additional information

18 The expected reduction in the price level. 19 The increase in exports. 20 The growth of monopolies in the market resources. 21 The expected growth in revenues. 22 Reduced prices for non-ferrous metals. 23 The growth of bureaucracy in society. 24 The growth of spending on oboronu.25 declining fertility. 26 The growth of social benefits. 27 Decrease in income tax rates. 28 The growth of welfare. 29 The growth of the subsistence minimum. 30 Increase in unemployment. 31 The increase in government purchases. 32 The earthquake has caused severe destruction. 33 Raising the state minimum wage. 34 Decrease of national income in other countries. 35 The reduction of the apparatus of officials. 36 The introduction of a new state law on environmental protection. 37 Reduced government funding of social programs. 38 The exchange rate of the national currency. 39 The introduction of preferential tax treatment for companies. 40 A significant increase in salary as a result of trade union activities. 41 The emergence of subsidies to farmers. 42 The invention of a new more powerful computer. 43 The sharp influx of immigrants into the country. 44 The increase in the share of household savings. 45 The growth of optimism among investors.

Question 8.
Which phase of the economic cycle (recession or recovery) includes the following processes?
1 The growth of private investment. 2 The decline in retail sales. 3 Reducing profits. 4 Growth stocks of companies. 5 The growth of tax revenues. 6 The growth of savings. 7 The increase in prices. 8 The decline in production. 9 The increase in the demand for labor. 10 The fall in share prices. 11 The growth in the unemployment rate. 12 Reduction of the state budget deficit. 13 The increase in employment. 14 Reduction of capital stock. 15 An increase in unemployment benefits. 16 The growth of the trade surplus.

Question 9.
Real GDP in a given year was equal to 11 895 monetary units. Potential GDP is 12,200 currency units. The actual unemployment rate was 7%. What is the approximate value of the natural rate of unemployment, if the coefficient is 2.5 Okun?

Question 10.
Answer true or false the following statement?
1. Raising funds to bank accounts are active operations of commercial banks.
2. The solvency of a commercial bank determined by its ability to return deposits to its customers cash.
3. Commercial banks always make full use of its credit facilities.
4. The main function of reserve requirements is to maintain a bank's solvency and liquidity.
5. reserves of commercial banks at the central bank are assets of the central bank.
6. The actual reserves of commercial banks is equal to the sum of required and excess reserves.
7. The maximum amount of loans that can provide commercial bank, is the sum of its actual resources.
8. The reserve ratio is the ratio of deposits to the amount of reserves.
9. The ability of a commercial bank to create money depends on the amount of bank reserves.
10. Under the system of fractional reserve money multiplier is always greater than one.
11. If banks hold excess reserves, the amount of loans granted and reduced the money supply is shrinking.
12. The money multiplier is only valid on condition that the banks make full use of its credit facilities and do not have excess reserves.
13. More money keeps the population in bank accounts and less in the form of cash, the less the possibility of money creation by commercial banks.
14. Commercial banks create money when receiving funds and crediting them to a bank account.
15. The money multiplier is the ratio of the amount of new deposits to the value of changes in reserves.
16. The money multiplier is the reciprocal of the amount of required reserves.


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