Microeconomics, option 1 (blocks A-D)

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Test questions (the correct answer can be one or several).
1. Return statements are:
a) A complete set of indifference curves is called the indifference map.
b) When you can spend 10 rubles. and want to buy ice cream for 5 rubles. and a package of juice for 8 rubles. This set of benefits is in your budget space.
c) For an accurate analysis of consumer behavior is necessary to formally describe the dependence of the level of usefulness of the set of consumer goods.
d) The point of intersection of the indifference curve and the budget line shows the optimal set of the consumer basket.

2. The line shows the budget constraint:
a) costs rejected by the capabilities of the product, expressed in terms of other items;
b) the number of goods on which the consumer may give up in exchange for another;
c) limit fiscal space.

3. If the government sets a lower limit prices in 1,3R * (1.3 times higher than the equilibrium price) for the situation shown in the graph, the result is:
a) The amount of the proposed product will be reduced
b) There will be a surplus of goods
c) The supply curve shifts to the right

4. Factors affecting the elasticity of supply are:
a) the possibility of long-term storage of goods;
b) the reaction of a commodity flexibility to changing market conditions;
c) the time factor;
g) the possibility of resetting of the equipment;
d) the possibility of retraining workers;
e) the possibility of the involvement of other factors of production;
g) conditions of production;

5. In determining its proposals oriented company:
a) only on the price;
b) a combination of quantity and price of the goods;
c) the calculated elasticity.
6. The property is -
a) economic category, which is a system of economic relations between people, which are expressed in the possession, use and disposal of the means of production and the corresponding forms of appropriation of material goods;
b) the desire of people to meet their material needs;
c) the relationships between people, expressing a certain form of appropriation of material wealth, and in particular the form of appropriation of the means of production.

Matching questions. (For example, I - well; II - b, g)
1. Pick compliance:
I. In microeconomics a) investigate the country's economy as a whole.
II. In macroeconomics b) examine issues relating mainly
primary units - firms, individuals
industries and markets.

2. Choose the appropriate:
The scope of economic essence:
I. Production of a) use good people to meet their
II. Distribution requirements;
III. Exchange b) the process of creating a useful product;
4. Consumption c) the share of each person to create wealth;
d) the process by which some products
exchanged for others.

3. Choose the appropriate:
Economic systems: Characteristic features:
I. Pure capitalism and) Private property predprinimateley-
II. Modern capitalism is capitalists
III. Administrative b) a mixed economy
Command c) Collective private and public
IV. Traditional property
d) Self-regulation based on the free market

4. Choose the appropriate:
The function of the market: Contents:
I. regulating a) through competition with the price mechanism
II. intermediary agrees rational production and
III. paid-demand pricing.
IV. Information b) Through the constantly changing prices, participants
V. sanitize production receive objective information about .....

Additional information

5. Pick the opposite type of consumer:
1. Consumer and) selfish
actual condition b) waster
2. The Altruist in) consumer desired state
3. Conservative
6. Choose the line: the law - the schedule:
a) the law of supply;
b) the law of supply;
c) the law of market equilibrium;
7. Pick Conformity schedule - elasticity:
a) Proposal elastic;
b) the proposal is inelastic;

8. Locate the line:
I. The price floor a) limits the growth of prices;
II. The price ceiling b) limit price decline;
c) is set above the equilibrium point;
d) set below the equilibrium point;

9. Choose the appropriate:
I. Possession of a) the right to change ownership of the property (sales,
II. Using a donation, exchange, transfer by inheritance, etc.)
III. Order b) is the initial form of property rights,
reflecting legal, documented
fixed object fixation property
c) the process of extracting the beneficial properties of the object

BLOCK V. Situational tasks.
Problem 1. Enter the subject of micro (A) or macroeconomics (B) is a mechanism for making these economic decisions:
1. During the second half of the 70s coffee consumption per capita in western Europe fell, and its price has increased. To clarify the reasons for analyzing the offer of coffee.
2. Using statistical data on the population, the disabled who have left the labor market and the unemployed count
unemployment rate.

Problem 2. Which of the changes reflect the situation on the chart, characterized by a shift of the demand curve D0  D1:
a) an advertising company;
b) decrease in prices for substitute;
c) an increase in consumer income of the product;
d) reduced income consumers of the product.

Task 3: Going to the pharmacy, the consumer is willing to pay for antiseptic cream 20 rubles. But, coming to the pharmacy, he found that the cream costs 18 rubles. In this case, the consumer surplus is:
a) 20 rubles. b) 18 rubles. c) 2 rubles. d) 38 rubles.

Problem 4. Which of the changes reflect the situation on the graph showing the movement of a point of market conditions from A to B:
a) improving the manufacturing technology of the goods;
b) reduction of prices of raw materials used in the manufacture of the product;
c) an increase in consumer income of the product;
d) an increase in purchases of this product.

Problem 5. Determine which of the graph illustrates the current situation and analyze it:
A. The initial market equilibrium was broken under the influence of changes in demand growth in income allocated to consumers for the purchase of this product.
B. Initial market equilibrium was broken granting subsidies.
B. Initial market equilibrium was broken by introducing the tax paid by the seller.

BLOCK G. Practical tasks (job without solutions are not accepted).
Task 1. Calculate the rate of price elasticity of demand and draw a conclusion about the degree of elasticity.
A. The price of the commodity and decreased by 5%, resulting in an increase in demand by 10%.
B. The price of second-hand goods increased by 50%, while demand fell by 5%.

Task 2. Calculate the rate of price elasticity of supply and draw a conclusion about the degree of elasticity.
A. The price of the commodity and increased by 5%, which led to an increase in supply by 10%.
B. The market price of second-hand goods decreased by 20%, while the supply has decreased by 1%.

Task 3. On the foreign exchange market daily demand for dollars is expressed by a linear function of PD = 25.70 - 1,5 Q, and supply PS = 24.70 + 2,5 Q, where P - price of the dollar in rubles, and Q - the number of dollars per million. How is the equilibrium exchange rate, and how much will be bought at this rate?


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