out of 1 points According to the graph below‚ if a country is currently producing at point X‚ the opportunity cost of producing another consumer good is Selected Answer: 20 capital goods Answers: 20 capital goods More than 20 capital goods Fewer than 20 capital goods 20 consumer goods Fewer than 20 consumer goods Question 2 1 out of 1 points The basic economic problem of all countries is the existence of Selected Answer:
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I-1 1) Macroeconomics is the branch of economics that deals with which of the following topics? A) The behavior of individual consumers B) Unemployment and interest rates C) The behavior of individual firms and investors D) B and C E) A and C Answer: B I-2 2) Which of the following is a normative statement? A) The taxes paid by the poor should be reduced in order to improve the income distribution in the U.S. B) State governments should not subsidize corporations by training welfare recipients
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7. Using Behavioural Models with Theories of Change 68 Appendices 70 i) ii) iii) iv) v) Tables matching behaviours to models Methodology Organisations and Individuals Contacted Electronic bibliography References 70 74 76 77 77 1. Introduction This report has been designed to accompany the Practical Guide to Behaviour Change models1. It provides a descriptive account of over 60 social-psychological models and theories of behaviour and discusses some issues
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A world bank report in 2007 commented on the continuing need for major spending worldwide on infrastructure in everything from roads and railways to water and electricity generation. A) Explain the effect of national income when there is an increase in spending on infrastructure. B) Discuss whether an efficient allocation of resources can be obtained only if large scale investment is undertaken by the public sector rather than the private sector. A) The national income of a country
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Name: __________________________ Date: _____________ 1. The law of demand implies that: A) consumers are not responsive to price changes. B) consumers will buy more at lower prices. C) sellers will offer more on the market at higher prices. D) sellers will offer less on the market at lower prices. 2. Which of the following factors would cause a movement along the demand curve for a particular good? A) a change in the prices of related goods B) a change in the price of that good C) a change in the
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A. Discuss elasticity of demand as it pertains to elastic‚ unit‚ and inelastic demand. Elasticity of demand is gauged by the percentage of change in demand when the price of an item varies. If the change in the quantity demanded is greater than 1 the demand is elastic. Elasticity of demand is calculated by ED=quantity demanded/decrease in price. If you reduce the price of milk by 6%‚ and that causes an increase of quantity demanded by 9% the demand for milk is elastic (ED= .09/.06 = 1.5).
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questions 6 6 36 60 minutes Short answer questions I 6 4 24 36 minutes Short answer questions II 10 3 30 50 minutes Very short answer questions 10 1 10 15 minutes 2. Weightage by content Unit No Unit Sub-Units Marks 1 Introduction 4 2 Consumer Equilibrium and Demand 18 3 Producer Behaviour and Supply 18 4 Forms of Market and Price determination 10 6 National income and related aggregates 15 7 Money and Banking 8 8 Determination of Income and employment 12 9 Government Budget
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broadly all pegged against the US Dollar‚ and therefore do not fluctuate against each other. The marketing strategy will cover sales in this domestic market as well as a range of global key feeder markets. Through analysis and comparison with economic theories‚ recommendations to guide the marketing strategy have been made. These point to focussing more strongly on the domestic market based on the higher levels of government spending‚ backed by a high oil price‚ the relatively low impact of cross elasticity
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Economics 201 notes Chapter 1 : First Principles • Economics is science of decision making • individual choice is the basis of economics • methodology = cost-benefit analysis • If it does not involve choice‚ it isn ’t economics. • Resources (something used to produce something else) include capital like tools and equipment‚ land like natural resources and labor • Resources are scarce • Opportunity cost are all costs that you must give up to get it. • trade-off is the
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(Starbucks Corporation Overview‚ 2008) Due to increased cost of ingredients‚ Starbucks is considering a 2% price increase in order to increase revenue. However‚ Starbucks is concerned that consumers will be impeded by the price increase and will shop for alternatives to Starbucks specialty products. Consumers might stop purchasing the specialty coffees if the products become more of a luxury or too expensive to fit into their budget. The following will analyze the effects of increasing the price
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