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Thread: ECO403 Quiz 13 July 2010

  1. #1
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    28 ECO403 Quiz 13 July 2010

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    Quiz Start Time: 11:14 AM Time Left 87
    sec(s)


    Question # 1 of 15 ( Start time: 11:14:04 AM ) Total Marks: 1
    In a small open economy with a floating exchange rate, fiscal policy will be ineffective because:
    Select correct option:


    • Monetary policy will completely offset it.
    • The exchange rate will remain constant.
    • A fall in net exports will offset any increases in government purchases or consumption.
    • The exchange rate will rise by the same amount as the interest rate
    .




    Quiz Start Time: 11:14 AM Time Left 86
    sec(s)


    Question # 2 of 15 ( Start time: 11:15:19 AM ) Total Marks: 1
    Real interest rates are the:
    Select correct option:


    • Nominal interest rates plus the inflation rate.
    • Interest rates quoted in the market.
    • Interest rates quoted in the market minus the inflation rate.
    • Interest rates quoted in the market plus the expected inflation rate.




    Quiz Start Time: 11:14 AM Time Left 87
    sec(s)


    Question # 3 of 15 ( Start time: 11:16:29 AM ) Total Marks: 1
    The idea that government spending causes a reduction in private investment is called:
    Select correct option
    :

    • Fiscal drag.
    • Crowding-out.
    • Investment blight.
    • Accelerator effect.



    Quiz Start Time: 11:14 AM Time Left 87
    sec(s)


    Question # 4 of 15 ( Start time: 11:17:43 AM ) Total Marks: 1
    In the steady state for the Solow model of economic growth with depreciation (đ), positive labor force growth (n) and technological change (a), we would expect Y/L to grow:
    Select correct option:


    • At the rate (a + n + đ).
    • At the rate (a + n - đ).
    • At the rate (a + n).
    • At the rate a.


    Quiz Start Time: 11:14 AM Time Left 87
    sec(s)


    Question # 5 of 15 ( Start time: 11:19:09 AM ) Total Marks: 1
    If people suddenly wish to hold more money at each interest rate:
    Select correct option:


    • The money demand curve will shift to the right.
    • The LM curve will shift upward (to the left).
    • Real income will fall.
    • All of the given option
    s.

    Quiz Start Time: 11:14 AM Time Left 84
    sec(s)


    Question # 6 of 15 ( Start time: 11:19:47 AM ) Total Marks: 1
    The relative price of domestic goods in terms of foreign goods is known as:
    Select correct option:


    • Real exchange rate.
    • Nominal exchange rate.
    • Discount rate.
    • Inflation rate.



    Quiz Start Time: 11:14 AM Time Left 87
    sec(s)


    Question # 7 of 15 ( Start time: 11:20:08 AM ) Total Marks: 1
    An asset that is included in M3 but not in M2 is:
    Select correct option:


    • Currency.
    • Checkable deposits.
    • Small-denomination certificates of deposit.
    • Large-denomination certificates of deposit.



    Quiz Start Time: 11:14 AM Time Left 87
    sec(s)


    Question # 8 of 15 ( Start time: 11:20:53 AM ) Total Marks: 1
    If labor productivity per week is 200 units and there are 5 employees what is the total output?
    Select correct option:


    • 40 units.
    • 95 units.
    • 1000 units.
    • 200 units.



    Quiz Start Time: 11:14 AM Time Left 86
    sec(s)


    Question # 9 of 15 ( Start time: 11:21:31 AM ) Total Marks: 1
    Which of the following statements about net exports is correct?
    Select correct option:


    • The term C + I + G understate domestic production of goods and services because it leaves out exports, which must be subtracted out of GDP to obtain the correct figure.
    • The term C + I + G overstates domestic production of goods and services because it contains imports, which must be subtracted out of GDP to obtain the correct figure.
    • The difference between exports and imports is negative when the country is a net exporter.
    • Before 1976, the United States was generally a net importer. Only after 1976, exports began to exceed imports.



    Quiz Start Time: 11:14 AM Time Left 86
    sec(s)


    Question # 10 of 15 ( Start time: 11:22:48 AM ) Total Marks: 1
    Stock market boom or crash is an example of which of the following?
    Select correct option:


    • IS Shock
    • LM Shock
    • Demand Shock
    • Supply Shock




    Quiz Start Time: 11:14 AM Time Left 87
    sec(s)


    Question # 11 of 15 ( Start time: 11:23:35 AM ) Total Marks: 1
    If State Bank of Pakistan wishes to pursue a “tight” monetary policy it would:
    Select correct option:


    • Increase the minimum reserve asset ratio.
    • Buy government securities on the open market.
    • Lower interest rates.
    • Sell government securities on the open market.



    Quiz Start Time: 11:14 AM Time Left 87
    sec(s)


    Question # 12 of 15 ( Start time: 11:24:23 AM ) Total Marks: 1
    Which plays the most important role in increasing the rate of growth in real GDP per capita over time?
    Select correct option:


    • Increases in labor productivity
    • Increases in the money supply
    • Decreases in the level of inflation
    • Increases in the real rate of interest



    Quiz Start Time: 11:14 AM Time Left 72
    sec(s)


    Question # 13 of 15 ( Start time: 11:25:23 AM ) Total Marks: 1
    Which of the following is the closest definition of the term "investment"?
    Select correct option:


    • Investment is the purchase of financial assets, such as stocks and bonds
    • Investment is the value of newly produced capital goods
    • Investment is the purchase of goods for present consumption
    • Investment is the accumulation of previous capital




    Quiz Start Time: 11:14 AM Time Left 85
    sec(s)


    Question # 14 of 15 ( Start time: 11:26:50 AM ) Total Marks: 1
    Human wants are:
    Select correct option:


    • Always fixed.
    • Limited.
    • Unlimited.
    • Likely to decrease over time.



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    Quiz Start Time: 11:14 AM Time Left 88
    sec(s)


    Question # 15 of 15 ( Start time: 11:27:04 AM ) Total Marks: 1
    A common misperception about inflation is that it reduces real wages; this is:
    Select correct option:


    • True only in the short run.
    • True only in the Long run.
    • True only in Command economies.
    • None of the given options.


    Quiz Start Time: 12:29 PM Time Left 87
    sec(s)
    Question # 1 of 15 ( Start time: 12:29:15 PM ) Total Marks: 1
    If the U.S. real exchange rate decreases, U.S. ---------------- will fall and U.S. ----------------- will rise.
    Select correct option:


    • Exports; income
    • Exports; imports
    • Income; imports
    • Imports; exports


    Quiz Start Time: 12:29 PM Time Left 88
    sec(s)


    Question # 2 of 15 ( Start time: 12:29:42 PM ) Total Marks: 1
    In a macroeconomic model without foreign trade or government spending, aggregate demand is the sum of:
    Select correct option:


    • Personal saving and private investment.
    • Personal saving and personal consumption.
    • Personal consumption and personal income.
    • Personal consumption and private investment.


    Quiz Start Time: 12:29 PM Time Left 86
    sec(s)


    Question # 3 of 15 ( Start time: 12:31:08 PM ) Total Marks: 1
    The major difficulty in measuring economic growth in underdeveloped countries is:
    Select correct option:


    • Lack of skilled manpower.
    • Lack of supply of empirical data.
    • Preoccupation with other more important problems.
    • All of the given options.


    Quiz Start Time: 12:29 PM Time Left 87
    sec(s)
    Question # 4 of 15 ( Start time: 12:31:53 PM ) Total Marks: 1
    Which of the following is the best measure of the economic cost of higher unemployment?
    Select correct option:

    • The loss of potential exports for the economy.
    • The loss of tax revenue.
    • The increase in social security benefits paid by the government.
    • The output of goods and services the unemployed workers could have produced


    Quiz Start Time: 12:29 PM Time Left 86
    sec(s)
    Question # 5 of 15 ( Start time: 12:33:18 PM ) Total Marks: 1
    An increase of $1 in government purchases will:
    Select correct option:


    • Shift the planned expenditure curve upward by $1.
    • Shift the IS curve to the right by $1/ (1 - MPC).
    • Not shift the LM curve.
    • All of the given options.


    Quiz Start Time: 12:29 PM Time Left 87
    sec(s)


    Question # 6 of 15 ( Start time: 12:34:29 PM ) Total Marks: 1
    Inflation resulting from demand shocks is known as:
    Select correct option:


    • Demand pull inflation.
    • Cost push inflation.
    • Expected inflation.
    • Food inflation.


    Quiz Start Time: 12:29 PM Time Left 86
    sec(s)
    Question # 7 of 15 ( Start time: 12:37:49 PM ) Total Marks: 1
    Which of the following equations is correct?
    Select correct option:


    • Nominal interest rate = real interest rate - inflation
    • Real interest rate = nominal interest rate + inflation
    • Real interest rate = nominal interest rate × inflation
    • Real interest rate = nominal interest rate - inflation


    Quiz Start Time: 12:29 PM Time Left 88
    sec(s)
    Question # 8 of 15 ( Start time: 12:39:16 PM ) Total Marks: 1
    Which of the following statements best describes the definition of scarcity?
    Select correct option:


    • There are no buyers willing to purchase what sellers have produced
    • There is more than enough money to satisfy consumers' wants
    • Resources are limited in quantity and can be used in different ways
    • There are not enough goods to satisfy all of the buyers' demand


    Quiz Start Time: 12:29 PM Time Left 87
    sec(s)
    Question # 9 of 15 ( Start time: 12:40:20 PM ) Total Marks: 1
    Real GDP (Gross Domestic Product) is measured:
    Select correct option:


    • In the prices of a base year.
    • In current dollars.
    • At a constant output level but at current prices.
    • As the difference between the current year’s GDP and last year’s GDP.


    Quiz Start Time: 12:29 PM Time Left 85
    sec(s)


    Question # 10 of 15 ( Start time: 12:41:49 PM ) Total Marks: 1
    A sustained high rate of growth of an economy results in:
    Select correct option:


    • High rate of growth of the agriculture sector.
    • Change in occupational structure in favor of industry.
    • Rapid industrialization.
    • All of the given options
    .

    Quiz Start Time: 12:29 PM Time Left 58
    sec(s)
    Question # 11 of 15 ( Start time: 12:42:14 PM ) Total Marks: 1
    During periods of poor economic performance, real GDP:
    Select correct option:


    • Declines but unemployment typically does not change.
    • Declines and unemployment rises sharply.
    • Is unchanged but unemployment rises sharply.
    • Declines and unemployment rises moderately.



    Quiz Start Time: 12:29 PM Time Left 87
    sec(s)


    Question # 12 of 15 ( Start time: 12:43:16 PM ) Total Marks: 1
    As risk premium ? increases, interest rate increases, investment decreases and IS* curve:
    Select correct option:

    Shifts leftward.
    Shifts rightward.
    Does not change.
    All of the above are possible.









    Quiz Start Time: 12:29 PM Time Left 86
    sec(s)
    Question # 13 of 15 ( Start time: 12:44:38 PM ) Total Marks: 1
    Which of the following is the largest component of total expenditures?
    Select correct option:


    • Consumption
    • Investment
    • Government spending
    • Net exports


    Quiz Start Time: 12:29 PM Time Left 86
    sec(s)
    Question # 14 of 15 ( Start time: 12:45:48 PM ) Total Marks: 1
    An increase in the money supply will shift the:
    Select correct option:


    • IS curve to the left and decrease both the interest rate and the level of income.
    • LM curve downward (to the right) and increase both the interest rate and the level of income.
    • IS curve to the right and increase the level of income but decrease the interest rate.
    • LM curve downward (to the right) and increase the level of income but decrease the interest rate.


    Quiz Start Time: 12:29 PM Time Left 86
    sec(s)
    Question # 15 of 15 ( Start time: 12:47:12 PM ) Total Marks: 1
    The socially optimal rate of growth is:
    Select correct option:


    • Zero.
    • Negative.
    • Where the marginal social benefit = the marginal social cost.
    • Total social costs are minimized.
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  2. #2

    Icon51 Current quiz Economics 13 July 2010

    Check current quiz of eco 401 which i solved 13 july 2010. please correct answer if you find some mistakes.
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