4169402
Descripción
Test por jrabinovich, actualizado hace más de 1 año
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Creado por jrabinovich
hace casi 9 años
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Pregunta 1
Pregunta
An elasticity greater than 1 is?
Respuesta
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Inelastic
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Elastic
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Perfectly inelastic
Pregunta 2
Pregunta
What line is used to construct the LRAC?
Respuesta
-
SRAC
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Demand
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Supply
Pregunta 3
Pregunta
What is effective demand?
Respuesta
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When you want something but you can't afford it.
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When you want something and you can afford it.
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When you want something but it's frowned upon to have it.
Pregunta 4
Pregunta
What would be the strongest substitute good for pepsi?
Respuesta
-
Polly-o cheese
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Water
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Coca-Cola
Pregunta 5
Pregunta
If the demand for milk increases, the supply of leather will decrease.
Respuesta
- True
- False
Pregunta 6
Pregunta
Fixed costs are?
Respuesta
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Cost that vary directly with output.
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Prices that are rigged in order to create an advantage.
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Prices that don't vary directly with output.
Pregunta 7
Pregunta
Absolute advantage is when?
Respuesta
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One country can produce more of a product than another using the same resources.
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One country has a time advantage over another in terms of war.
Pregunta 8
Pregunta
The better the brand name, the better chances it has to survive in a perfect competition scenario.
Respuesta
- True
- False
Pregunta 9
Pregunta
Utils are the measurement of dollars spent in goods.
Respuesta
- True
- False
Pregunta 10
Pregunta
What is happening when a point is inside the PDF line.
Respuesta
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The country is producing everything efficiently
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The country is at allocative efficiency
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the country isn't producing at prime levels
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