Economic theory P2 (est control 5)

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Question 1. Do the people in everyday life the principle of opportunity cost? Give your own examples.

Question 2. The demand function for a certain product is: Qd = 100 - P, the supply function: Qs = 2P - 50. Find the equilibrium price and the equilibrium quantity. The government has decided to reduce the price to 45 rubles., Seeking to stimulate consumption. Where will this lead (to the deficit or surplus)? Determine the value of supply and demand, the volume of sales and revenue.

Question 3. Why in one country in the modern world corporations (joint stock company) accounts for approximately 20% of the total number of firms and about 90% of total output?

Question 4. From agreement of two commercial companies, it follows that the parties considered equivalent amount of 10 thousand. Dollars. Today and 24 thousand. 414 USD. In four years. Is it possible to judge on these data, the percentage of foreign currency deposits at banks will provide over the next four years?

Question 5. The table contains data on total benefits (mln. Rub.) And the total costs for the four environmental measures Nechernozemie.
Total costs
General benefits

a) Strengthen fishing control 20 30
b) protection of small rivers 30 50
c) Creation of reserves 80 77
g) The establishment of national parks 72 84
Which of these programs from the economic point of view, should be done?

Question 6. Answer true or false the following statement?
For example: In the current conditions, the main measure of national accounts serves gross domestic produkt. Da.
1. Gross domestic product - the sum value of all goods and services produced in the economy during the year.
2. Gross domestic product - a total market value of all final goods and services produced in the country during the year.
3. In order to avoid double counting in the GNP included only the cost of intermediate goods.
4. All oil and gas produced in Russia, are intermediate.
5. All transport services are included in the final product produced in a given country.
6. The value added is the company's revenue, net of all expenses.
7. The value added includes wages, but does not account for the amount of profit.
8. The value of the total value added is always equal to the cost of the final product.
9. If the value of the total produced in the country of the total product to deduct the cost of final goods and services, the result is the value of intermediate goods.
10. State social security payments increased GNP.
11. Resale do not increase the GNP.
12. Interest received bondholder Corporation are included in the GNP.
13. Interest earned holder of government bonds are included in the GNP.
14. Income derived by Italian workers in Germany, is not included in the GDP of Italy.
15. Increasing the size of state pensions and benefits leads to an increase in GNP.
16. "shadow" economy are usually attributed only to the production of legally prohibited goods and services.
17. The Commission of the realtor home sales increase of GNP.
18. The increase in capital stock is part of the country's GNP.
Question 7. Which of the events shift: a) the aggregate demand curve to the right; b) the aggregate demand curve to the left; c) the aggregate supply curve to the right; d) the aggregate supply curve to the left?
For example:
a) The events that shift the demand curve to the right: 1.4 and. etc.
1. Growth in the money supply. 2. Decrease of productivity. 3. The growth of the income tax. 4. The emergence of new technology. 5. Increase the size of unemployment benefits. 6. Reducing the velocity of money. 7. Strengthening the role of trade unions in the labor market. 8. Increase in inventories firms. 9. The growth of individual taxes. 10. Reducing the interest rate. 11. The expected increase in the rate of profit. 12. The increase in pensions. 13. The increase in capital intensity. 14. Import growth


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