Macroeconomics for the Test Client, the answers to the

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Description

Responses to test the Open Law Institute on the subject of "Macroeconomics" in the file for the program exel Test Client.

Answer format: question -> write the correct answer. The best format, the passage will take from 6 to 10 minutes!

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The questions in the test:

Macroeconomics - it

What principles are the principles of decision-making by people?

What principles are the principles of human interaction?

The principles of functioning of the economy as a whole include the following:

Opportunity cost - it

You won $ 100 in slot machine. You have a choice between spending money now, or put them on a bank account on interest 5% per year. What are the opportunity costs of the opportunity to spend $ 100 right now?

According to the basic assumption flow diagram of the circuit, in the economy, there are the following types of decision-making entities:

What is the production possibility frontier?

Robinson Crusoe, one hour can either collect 10 coconuts or catch one fish. His friend Friday in the same time collects 30 coconuts or fish catches 2. Which statement is true?

Which statement is true?

Under the competitive market understands

Regarding the market with perfect competition assertion:

What is an example of perfect competition market?

What is an example of the market of monopolistic competition?

Which of the following factors related to the demand?

The downlink, reflecting the dependence of the price and volume of demand is called

What is the market demand?

To obtain the market demand curve, it is necessary

What will change in the demand curve with the price change?

Exposure to what factors will lead to a shift in the demand curve?

The behavior of sellers is analyzed by

Imagine that you run a company "Joy student", which produces ice cream. What determines the amount of ice cream, you want to produce and sell?

Normal supply curve directed

Which statement is true?

Market supply depends

To obtain the market supply curve, it is necessary

Assume that the market price decreases for sugar. How this change will affect the offer of ice cream?

Changing a factor determining the offer does not lead to a shift in the supply curve?

Any change that reduces the volume of supply at each price, resulting in a shift of the supply curve

Does a shift of the supply curve of price change on the pizza?

Supply and demand curves in the general case

Which statement is true?

The point of intersection of supply and demand - is

If the market price exceeds the equilibrium, the

The deficit of the goods - it

The speed with which equilibrium is reached is determined

The equilibrium price and volume of production

When some event shifts the supply curve or the demand side,

Consider the situation: there are no changes in demand, supply increases. Consequently,

Consider the situation: demand increases, supply increases. Consequently,

A competitive market is characterized by

Market price

Reducing the price of goods

Reaction volume of demand for change in the price of goods - it

Demand for products which has a low price elasticity of demand?

Demand called elastic

In the long run the value of the price elasticity of demand for goods

Point A: Price = 4 Number of product = 120. Point B: Price = 6 Number of items = 80. What is the price elasticity of demand by the midpoint?

Price ice cream cone grew from $ 2 to $ 2.20, and now you do not buy 10 cups, and 8 packs of ice cream per month. Price elasticity of demand will be

The demand curve is perpendicular to the x-axis. What can you say about the elasticity of demand?

When the price elasticity of demand is 1,

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