Which of the following statements regarding macroeconomic models is correct? Macroeconomic models focus primarily on the...
Which of the following statements regarding macroeconomic models is correct?
Macroeconomic models focus primarily on the optimizing behavior of households and firms.
The purpose of economic models is to show how endogenous variables affect exogenous variables.
Macroeconomic models are based on simplyfing assumptions.
Macroeconomic variables can only be expressed by mathematical equations.
Homework Answers
Ans) the correct option is Macroeconomic variables can only be expressed by mathematical equations.
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Which of the following statements regarding macroeconomic models
is correct?
Macroeconomic models focus primarily on the...
Important characteristics of macroeconomic models include all of the following except: implicit or explicit consistency with...
Important characteristics of macroeconomic models include all of the following except: implicit or explicit consistency with microeconomic foundations functional relationships based on controlled experiments. O endogenous and exogenous variables O simplifying assumptions
The following statements regarding Deterministic Trend-forecasting models are correct ,EXCEPT May be adjusted for seasonal, secular...
The following statements regarding Deterministic Trend-forecasting models are correct ,EXCEPT May be adjusted for seasonal, secular and cyclical trends in the data Based on an extrapolation of past values into the future. easy to develop and maintain Can help to Identify major future changes in the direction of an economic data series
Which of the following statements regarding the trucking industry is correct? Question 1 options: Over the...
Which of the following statements regarding the trucking industry is correct? Question 1 options: Over the past several years, losses and exit from the industry have substantially reduced the degree of competition in the industry. The trucking industry most closely resembles an oligopoly. Even though there is a high degree of competition, firms in the trucking industry are able to sustain positive economic profits as a result of a substantial degree of product differentiation. Between 1999 and 2007, the behavior...
Note: Only select the correct option 1. Which of the following statements regarding the foreign sector...
Note: Only select the correct option
1. Which of the following statements regarding the foreign sector is/are correct? a. Absolute advantage is a prerequisite for international trade. b. Differences in resource endowments necessitate intemational trade. Countries can only benefit from trade if the opportunity costs among the trading countries are the same. c. [1] Only a and b 2 Only and c 3 Only b and c 4 Only b 2. Which one of the following statements regarding the assumptions...
1) Which of the following statements regarding a monopolist is correct? A) A monopolist will only...
1) Which of the following statements regarding a monopolist is correct? A) A monopolist will only produce an output where the demand is perfectly elastic, B) A monopolist will only produce an output where the demand is elastic C) A monopolist will only produce an output where the demand is inelastic. D) A monopolist will only produce an output where the demand is unitary elastic. 2) When is a monopolist's total revenue at a maximum? A) When its marginal revenue...
Which of the following statements is MOST correct regarding beta? Select one: a. Beta for a...
Which of the following statements is MOST correct regarding beta? Select one: a. Beta for a particular company remains constant over time. b. Beta can only be measured properly using daily returns. c. Beta must be calculated using at least 5 years of monthly returns data to be accurate. d. Even professionals may not agree on the measurement of beta.
Section A B3 Which of the following statements regarding taxation is incorrect? [1] As interest rates...
Section A B3 Which of the following statements regarding taxation is incorrect? [1] As interest rates increase, bond prices decrease. [2] As interest rates decrease, bond prices increase. [3] There is a positive relationship between the interest rate and bond prices. [4] If interest rates are high, the quantity of money demanded will tend to be low. [5] If interest rates are low, the quantity of money demanded will tend to be high. B4 Which of the following is not...
Which of the following statements is correct regarding the difference between Enhanced IDE and SCSI devices?...
Which of the following statements is correct regarding the difference between Enhanced IDE and SCSI devices? A. EIDE controllers are much faster than SCSI devices because they have to handle a maximum of four devices. B. The number of EIDE devices is limited to four, but there can be up to 31 SCSI devices in a system. C. EIDE devices are connected in a daisy-chain fashion, but the SCSI devices have to be configured as the master and slave. D....
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition. 16. Which of these consumption activities will most likely impose an external cost? a. An executive plays a vigorous game of golf. b. A student in a dorm plays her CDs at 120 decibels late at night. A young mother exercises to anaerobics video A construction...
which of the following statements about the loanable funds market is (are) correct? (x) When the...
which of the following statements about the loanable funds market is (are) correct? (x) When the supply of loanable funds shifts to the right then the equilibrium real interest rate decreases and the equilibrium quantity of loanable funds decreases. (y) When the demand for loanable funds shifts to the right then the equilibrium real interest rate increases and the equilibrium quantity of loanable funds increases. (z) If the demand for loanable funds shifts to the right and the supply of...
Important characteristics of macroeconomic models include all of the following except: implicit or explicit consistency with microeconomic foundations functional relationships based on controlled experiments. O endogenous and exogenous variables O simplifying assumptions
Note: Only select the correct option
1. Which of the following statements regarding the foreign sector is/are correct? a. Absolute advantage is a prerequisite for international trade. b. Differences in resource endowments necessitate intemational trade. Countries can only benefit from trade if the opportunity costs among the trading countries are the same. c. [1] Only a and b 2 Only and c 3 Only b and c 4 Only b 2. Which one of the following statements regarding the assumptions...
1) Which of the following statements regarding a monopolist is correct? A) A monopolist will only produce an output where the demand is perfectly elastic, B) A monopolist will only produce an output where the demand is elastic C) A monopolist will only produce an output where the demand is inelastic. D) A monopolist will only produce an output where the demand is unitary elastic. 2) When is a monopolist's total revenue at a maximum? A) When its marginal revenue...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition. 16. Which of these consumption activities will most likely impose an external cost? a. An executive plays a vigorous game of golf. b. A student in a dorm plays her CDs at 120 decibels late at night. A young mother exercises to anaerobics video A construction...
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