PLEASE DO NOT WRITE ON THIS EXAMINATION FORM. 1. Which of the following statements is correct? a. Real GDP is the total market value of the final goods and services produced in America for sale in a year valued in the prices of 1992. b. Your buying stock in the stock market is an example of investment spending c. Potential Real GDP is always greater than Equilibrium Real GDP d. Social security and welfare are examples of spending on infrastructure
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ECS1260-65 ECONOMICS (FOR BUSINESS AND) MANAGEMENT 2012-13 Seminar Exercises 16 (to take place in Week 20 starting 11th March 2013) 1) Please say whether the following statements are true or false: a. The main functions of money are the medium of exchange‚ store of value and unit of account. b. The monetary base is cash in circulation plus bank deposits. c. Money supply is monetary base plus bank deposits. d. When the Central Bank acts as a lender of last resort‚ it is
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tax rate; by law‚ the tax burden is split 50-50 between employer and employee. So‚ 7.65% of the employee’s earnings on each paycheck is deducted for FICA taxes‚ and 7.65% of the employee’s earnings is paid in FICA taxes by the employer. Is the economic incidence of the FICA tax shared equally by employer and employee? Explain.
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The process of social construction of reality involves the following: Choose one answer. a. Human routinizations‚ significations‚ and institutions. b. Human typifications‚ significations‚ and institutions. x c. Human significations‚ routinizations‚ and institutions. d. Human routinizations‚ typifications‚ and institutions. Question 2 Marks: 1 Tactics are the concrete actions that are taken to implement a strategy. Answer: xTrue False Question 3 Marks: 1 Expert power is Choose
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determine the Accounting Requirements Code (ARC)? | | | | | | | | FEDLOG | | | 4. | Enforcement of good supply discipline is accomplished by leadership‚ training‚ administrative measures and disciplinary measures. What other principle enforces supply discipline? |
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1. (TCO A) The relationship between speed of innovation and product obsolescence is (Points : 5) direct (as innovation speed increases‚ products become obsolete more quickly). inverse (as innovation speed increases‚ products become obsolete more slowly). indirect (there is an effect‚ but it cannot be directly determined). nonexistent (there is no relationship at all). Question 2.2. (TCO A) Which of the following products would be considered novel? (Points : 5)
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This pack of ECO 212 Final Exam consists of: ECO 212 ECO212 Final Exam A 1)Economics does not study correct or incorrect behaviors‚ but rather it assumes that economic agents make the best decisions given their knowledge of the costs and benefits. What term best describes this behavior? 2) By definition‚ what is economics the study of? 3) What is the term in economics by which a group of buyers and sellers of a product come together to trade? 4) Which of the following statements
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QUESTION 1 – (16 Marks) – 28 minutes The following data is from the accounts of Fleury Corporation on December 31‚ 2005‚ the end of the current reporting year. Dr. Cr. Cash $ 116‚000 Accounts receivable‚ trade 337‚000 Short-term investment in marketable securities 440‚000 Inventory of merchandise‚ FIFO 1‚295‚000 Prepaid expense (short term) 11‚000 Investment in Hydro One Bonds (Held to Maturity – June 30‚ 2008) 147‚000 Advances to suppliers (short term) 24‚000 Dividends
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CARLETON UNIVERSITY Department of Economics ECON 4302 Competition and Regulatory Policy Instructor: D.G. McFetridge Fall Term 2011 Office: A806 Loeb Building Phone: 613-520-2600 ext. 3748 E-mail: donald_mcfetridge@carleton.ca Office Hours: Mondays‚ 2:30 p.m. – 3:30 p.m. and Thursdays‚ 11:30 a.m. – 12:30‚ or by appointment COURSE WEB SITE: www.carleton.ca/~dmcfet/courses PREREQUISITE: ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher. COURSE FORMAT:
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FINAL EXAM MATERIAL Lecture notes: see Blackboard Tutorial problem sets: see Blackboard Book chapters: Varian‚ 8th ed. 1 The market 2 Budget constraint 3 Preferences 4 Utility 5 Choice 6 Demand 8 Slutsky equation (no algebra required) 14 Consumer’s surplus (no algebra required) 15 Market demand 18 Technology 19 Profits maximisation 20 Cost minimisation 16 Equilibrium 31 Exchange and Welfare Theorems (no algebra required)
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