# Basic economic theory to the test answers

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# Description

Question 1. Methodology and methods of economic theory.

Question 2. Formation and development of economic theory.

Question 3.Napishite formula production function (methodical instruction - choice of technologies is carried out on the basis of minimum common costs "L + K")

Question 4. The company selects one of the production technologies, each of which is characterized by a combination of resources used labor (L) and capital (K). Details of applicable technologies are given in Table 3.1

All figures are measured in units per week. Suppose the price of a unit of labor \$ 200. the unit price of capital \$ 400

A) Set some manufacturing technology firm chooses at each level of output.

B) determine the overall cost for each level of output.

B) Assume that the unit price of labor increased to \$ 300 and the price of capital remains the same. Will this change in the price range of technology company?

Question 5. List the main scientific directions and schools of macroeconomic theory.

Question 6. Write a formula that displays the model of general economic equilibrium L.Valrasa.

Question 7.On Figure 5.1 are six curves of aggregate demand and aggregate supply curve ..

A) Determine the dynamics of aggregate demand when it is shifted from the position of the curve AD1 position w2, from position to position AD3 AD4, from position to position AD5 AD6

B) How will the movement curve AD1, position w2, the dynamics of real GDP and the price level?

B) B) How will the displacement curve AD3, AD4 position, the dynamics of real GDP and the price level?

D) B) How will the displacement curve AD5, AD6 position, the dynamics of real GDP and the price level?

Question 8: What is the contribution ND Kondratieff long-wave theory (the cycle of economic development)?

Question 9. Types of securities used in Russia. A brief description of them. Which of these do not find a proper use and why?

Question 10. What are the characteristics of our credit facility as compared to credit facilities civilized countries?

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