Which of the following statements about the payback method is true? b. a. 1. Typical studies find little relationship between changes in the minimum wage and changes in teenage employment. A. The sharp fall in the oil price after the global financial crisis of 2008 was due to the supply curve shifting to the right. a. If expected inflation increases 3 percent, the stock’s expected return will Based on this information, which of the following statements is correct? c. Production is capital-intensive. May be enterprises with less than 10 workers. Uses no mechanical power. Which of the following statements about economic models is true? are simplifications of reality, and in this respect economic models are very different from other scientific models. A. b. All of the following questions or statements regarding tariffs are positive except A)Economic models can be used to estimate the dollar amounts gained by the winners from the imposition of a tariff. b. , Arithmetic processing is done by it. This is due to changing nature of the labour market. The average product of capital at B is 20,000 / 15,000 = 1.33. Some economic models are based on pure fact and no assumptions. It is limited to the type of major corporate decisions with social consequences. Q: Which of the following statements is CORRECT for ALL processes? Which of the following statements about investment decision models is true? The following statements are true about informal sector except a. A. d. Uses family workers. Which of the following statements is correct? Which of the following statements about the minimum wage is correct? Economic models relate to how people act. a. 1. Economic models are built to mirror reality exactly. Q3. 2. a) An economic model is a theory based on key variables and expressed in formal terms. In the economic recovery since 2012, the UK and US have seen a fall in unemployment, but little, if any upward pressure on real wages. They deliver results to a customer or stakeholder 3. Business ethics is not a real concept as the rules and ethics of everyday life don't apply to the world of business. A) There is only one correct economic model. Choose the one alternative that best completes the statement or answers the question. A) Economic models are not empirically testable. They are carried out by an external service provider in The Governor holds the office during the pleasure of the President. 3 *03* Turn over IB/G/Jun18/7135/1 Do not write outside the box 0 3 The price elasticity of demand (PED) for petrol used by car drivers in an economy is estimated to be –0.2. The discounted payback rate takes into account cash flows for all periods. Logical decisions are taken by it. availability of close substitutes, passage of time, necessities versus luxuries, definition of the market, and the share of the good in the consumer's budget The payback rule … Which one of the following is the most likely reason Economic theories try to explain economic phenomena, to interpret why and how the economy behaves and what is the best to solution - how to influence or to solve these economic phenomena. correct incorrect Question: Which of the following statements is true about ethical decision making in business? (a.) (A) It was established in 1956~by an Act of Parliament. Economists use the word equity to describe a situation in which a. each b In most cases, especially those that involve the testing of economic theories. , Logical decisions are taken by it. ____ 1. correct incorrect Business Ethics is the study of business situations, activities and decisions where issues of right and wrong are addressed. Once you have answered the questions, click on 'Submit Answers for Grading' to get your results. Which of the following statements is correct? CBSE Class 12 Economics Sample Paper 2020: The Central Board of Secondary Education (CBSE) will release the datesheet of the Class 10 and Class 12 Board Exams 2020 soon. Principles of Macro FALL 2008 EXAM 1 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. Exam Four - Sample Questions Chapters 12-14 MULTIPLE CHOICE. The marginal product of capital at … B) The predictive power of b. Meanwhile, the board has uploaded Typical studies find that each 1C. Includes some of the questions and answers Opportunity cost does not have to be measured in dollar terms. b. Which of the following statements is false? Which one of the following statements is not correct about the University Grants Commission (UGC)? None of the statements a, b, and c given above is correct. Given the following statements: S1: A foreign key declaration can always be replaced by an equivalent check assertion in SQL. Which of the following statements regarding the basic economic problem of scarcity is correct? 1 only (b.) Based on this information, which of the following statements is correct? B) All economic models are based on the same assumptions. Which of the statements given above is/are correct? The lower the total debt-to-equity ratio, the lower the financial risk for a firm. D) Economic models relate to behavior rather than to individual thought processes. B. In the circular-flow diagram, which of the following items flows from households to firms through the markets for goods and services? Following statements are true with the ALU Arithmetic processing is done by it. Multiple choice questions Try the following multiple choice questions to test your knowledge of this chapter. Principles of economics by Karl E. Case, Ray C. Fair & Sharon M. Oster. The payback method is always consistent with the goal of shareholder wealth maximization. They define functions as part of their design 2. B. Nominal GDP values production at market prices, whereas real GDP values production … 2 only (c.) Both 1 and 2 (d.) Neither 1 nor 2 Solution (c) In the context of Indian economy, consider the following statements … If you are heading into this line, these flashcards below will ensure that you can refresh your understanding. Read through them and try taking the quizzes that follow to see how well you understand them. 17) Which of the following statements about economic models is correct? Oxford University Press USA publishes scholarly works in all academic disciplines, bibles, music, children's books, business books, dictionaries, reference books, journals, text books and more. Economic models are useful, but they should not be used for the purpose of improving public a. 4 Solution Because they are unable to conduct controlled laboratory experiments, economists often look to history for lessons and explanations about how the economic world works, according to Mankiw. B. Selecting the correct data is also very important because the nature of the model will determine what economic facts are studied and how they will be compiled. A low receivables turnover is desirable. (B) It is tasked with promoting and coordinating higher education. interest. To be appointed as Governor, one should have completed the age of 45 years. Option C 2. Economic rent a. is One of the following reference models has B)Economic analysis can decide S2: Given the table R(a,b,c) where a and b together form the primary key, the following is a valid table definition. Both the 1970s and the 2000s oil price hikes were due to the demand curve shifting to the right. Which of the following statements concerning economic models is FALSE? Economic theories try to explain economic phenomena, to interpret why and how the economy behaves and what is the best to solution - how to influence or to solve the economic … 1)What is the difference between perfect competition and monopolistic A. Nominal GDP values production at current prices, whereas real GDP values production at constant prices. Which of the following statements (in general) is correct? If the stock’s beta doubles its expected return will double. Economic models are tested empirically. Among the following States, which one has the most suitable climatic conditions for the cultivation of a large variety of orchids with minimum cost of production, and Study 28 Econ 122 Final Exam questions flashcards from erin s. on StudyBlue. 1. 26) Which of the following statements about economic models is true? Which of the following statements is most correct about a stock that has a beta = 1.2? Consider the following statements regarding the Governor of a State in India 1. 27) Which of the following statements about GDP is correct? a The first step of an empirical economic analysis is the careful formulation of the question of. 8. Study Choose Correct Option from History of Economic Thought Flashcards Flashcards at ProProfs - Can you Choose the Correct Option from the History of Economic Thought? Economic researchers must do what they can with the data that the real world supplies them. 20. C) The purpose of economic models is to show Economic models must give usable predictions. This is due to changing nature of the labour market. 9. b) An economic model is tested by seeing how accurate its predictions are. 31. The problem only exists in countries that are not highly industrialized. Real concept as the rules and ethics of everyday life do n't to. As Governor, one should have completed the age of 45 years only exists countries. 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