A. 2
B. 1/2
C. 00
D. 1000
Related Mcqs:
- The relative price (MRT) of T in terms of S is ?
A. 2
B. 1/2
C. 500
D. 1000 - If the relative price (MRT) of S were to increase, then the price line would ?
A. shift out in a parallel fashion
B. shift in a parallel fashion
C. Become steeper
D. Become flatter - If the relative Price (MRT) of T were to increase, then the price line would ?
A. Shift out in a parallel fashion
B. shift in a parallel fashion
C. become steeper
D. Become flatter - Suppose the price level falls but suppliers only notice that the price of their particular product has fallen Thinking there has been a fall in the relative price of their product they cut back on production, This is a demonstration of the ?
A. misperceptions theory of the short run aggregate supply curve
B. classical dichotomy theory of the short run aggregate supply curve
C. sticky price theory of the short run aggregate supply curve
D. sticky wage theory of the short run aggregate supply curve - In autarky, the relative price of X, in terms of Y in A would be ?
A. 1/2 Y
B. 3/4 Y
C. 1 Y
D. 4/3 Y - In autarky, the relative price of wine, in terms of beer, in country A is ?
A. 1W = 1B
B. 1W = 2B
C. 1W = 3B
D. 1W = 1/3B - In autarky the relative price of wine, in terms of beer, in Country B is ?
A. 1W = 3B
B. 1W = 4 1/2B
C. 1W = 5B
D. 1W = 6B - Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?
A. purchase; decrease
B. purchase; increase
C. sell; increase
D. sell; decrease - Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ?
A. sell 4 million pounds of tin
B. sell 8 million pounds of tin
C. buy 4 million pounds of tin
D. buy 8 million pounds of tin - Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ?
A. sell 4 million pounds of tin
B. sell 8 million pounds of tin
C. buy 4 million pounds of tin
D. buy 8 million pounds of tin
