What economic laws determine (2009)

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Uploaded: 13.01.2011
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Task 1

What economic laws determine consumer behavior? When a consumer behaves rationally? As he maximizes utility?

Task 2

When making decisions about investment firms take into account: a) the nominal interest rate; b) the real interest rate; c) the nominal interest rate minus the real; d) the real interest rate minus nominal.

Activity 3

Specify whether the statements are true: a) questions that how and for whom to produce in a market economy the price mechanism are solved; b) private property in all cases, is more effective than the state; c) that, what goods and services should be made and delivered to the market will ultimately decide the consumers; g) in a mixed economy, and there is a perfect and imperfect competition.

Task 4

What is money in today's economy? What are their functions? Expand the contents of the main monetary aggregates.

Task 5

Balance of payments - it is: a) periodic record amount of payments received by the country from abroad; b) a systematic record amount of payments received by the country from abroad for one year; c) systematic record amount of payments received by the country from abroad, and produced the country abroad for one year; g) systematic recording of exports and imports of capital; e) the systematic recording status of foreign reserves.

Task 6

Indicate whether the statements are true: a) consumer spending - the main component of total expenditure in the national economy; b) changes in interest rates causes a change in private investment; c) friction form of unemployment is not only necessary, but desirable for society; g) growth of labor productivity - the major factor of intensive economic growth.

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