Market clearing price - Samenvattingen, Aantekeningen en Examens

Scarcity and Choice Human wants and needs are unlimited and resources to satisfy them are limited. Choices must be made between the possible alternatives 3 Questions every economy must answer What to produce? How to produce it? For whom it is produced? Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen 3 Questions What to produce? Have to evaluate more than just needs. Involves the wants and needs of ...

Economics Today The Macro View Ch.4 Practice Quiz/Exam Questions 1. In a price system, changes in prices: A) Indicate to consumers what they should purchase. B) Help buyers and sellers identify market trends. C) Indicate to consumers that certain goods are relatively more or less scarce. D) Provide information about the quality of goods. Answer: C 2. With an increase in the price of soft drinks, which of the following is not likely to occur: A) The soft drink indust...

Economics Today The Macro View Ch.3 Homework rated A Market ️All of the arrangements that individuals have for exchanging with one another. Thus, for example, we can speak of the labor market, the automobile market, and the credit market. Demand ️A schedule showing how much of a good or service people will purchase at any price during a specified time period, other things being constant. Law of demand ️The observation that there is a negative, or inverse, relationship between the...

As a result of COVID-19, many states have implemented rules restricting bars and restaurants to operating at some fraction of their full capacity (restricting the number of customers allowed at one time). Which of the following would best describe the impact of this policy? correct answersA reduction in supply How would this policy for bars and restaurants impact the price and quantity of food and drinks consumed at bars and restaurants? correct answersIncrease price and reduce quantity Ea...

FP13 Quiz Questions A 7% coupon bond pays interest semiannually and has a duration of 12 (computed using semiannual compounding) and a maturity of 25 years. The bond sells for $1,100 and has a YTM of 6.2%. If the YTM is expected to increase by 50 basis points, by what percentage can the price of the bond be expected to change? - -12 (0.005/1.031)= -0.0582 You are considering purchase of a stock that is currently selling for $23 and pays a dividend of $1.15 per share. The dividend is ex...

price systemsignal to everyone in the system what goods are relatively more or less scarce initial demand and supply intersectionp1 and E Suppose that consumer income decreases and that hamburger is an inferior good. Which of the following will occur in the market for hamburger?Market clearing price will rise, and equilibrium quantity will rise. Which of the following are ways to ration goods and services?price physical force political power In general, which rationing system leads t...

FINRA SIE Real Exam Questions with All Correct Answers Types of Issuers - CORRECT ANSWERS - FCBUS F oreign gov C orporations B anks U .S. Treasury and gov agencies S tate and local gov - raise capital by issuing securities EQUITY = used by corporations (represents ownership) DEBT = represent an issuer's promise to pay (notes and bonds) Broker-Dealer - CORRECT ANSWERS - Broker acts as a middle man between buyer and seller (no risk to the firm) - payed Commission - Dealer ac...

Economics - ANSWERSThe study of the allocation of scarce resources. Economic Goods - ANSWERSResources that are scarce. Short Run - ANSWERSA time period where at least one factor of production is fixed. Long Run - ANSWERSA time period where all factors of production are variable. Productivity - ANSWERSThe output per unit of input. The Economic Problem - ANSWERSResources are scarce but wants are infinite. Scarcity - ANSWERSThe world's resources are limited, there are only limite...

Perfect competition is characterized by all of the following except: A) a horizontal demand curve for individual sellers B) heavy advertising by individual sellers C) sellers are price takers D) homogeneous products correct answers B) heavy advertising by individual sellers Identify the current Fed Funds rate. A) .25 to .5 percent B) .75 to 1.0 percent C) 0 percent D) 3.5 percent correct answers A) .25 to .5 percent In response to the destructive bank panics of the Great Depression...

ECON 102 Exam 1 Latest Update 100% Pass Economic Analysis People making decisions economic wat of thinking Choices: Costs and Benefits Performing a certain economic action will increase our well-being if the benefits are greater than the costs (choices are the result of scarcity) Self Interest The pursuit of one's own goals (does not always mean increasing one's wealth; could also include prestige, friendship, love, and feeling good) Rationality Assumption The assumption that people do not ...