Question

The rise in the value of one currency in relation to another is : Depreciation of...

  1. The rise in the value of one currency in relation to another is :
  1. Depreciation of the currency.
  2. An appreciation of the currency.
  3. A debasement of the currency.
  4. A weakening of the currency.
  1. Cyclical unemployment refers to unemployment which occurs
  1. Because of the seasonal nature of some industries.
  2. As a result of the long term decline of the industry.
  3. At particular times of the year.
  4. As a result of a temporary drop in aggregate demand resulting in a recession.
  1. Which one of the following does NOT represent a key macroeconomic variable?
  1. The unemployment rate.
  2. Gross Domestic Product (GDP).
  3. Income distribution.
  4. The population growth rate.
  1. A consumer’s real purchasing power refers to:
  1. The nominal income level of the consumer.
  2. Wage income earned through employment.
  3. The maximum volume of goods and services that the consumer can buy.
  4. Nominal GDP per capita.
  1. A decrease in the rate of interest:
  1. Lowers the opportunity cost of money and leads to an increase in the quantity of money demanded.
  2. Raises the opportunity cost of money and leads to an increase in the quantity of money demanded.
  3. Lowers the opportunity cost of money and leads to a decrease in the quantity of money demanded.
  4. Raises the opportunity cost of money and leads to a decrease in the quantity of money demanded.
  1. Which of the following is not a legitimate area of intervention by government in a mixed economy?
  1. Regulation of the pricing behaviour of monopoly industries.
  2. Regulation of price increases that result from changes in patterns of demand and supply in competitive markets.
  3. Stabilisation of the economy during periods of cyclical instability.
  4. Redistribution of purchasing power via progressive taxation and transfers.
  1. Which one of the following is not part of fiscal policy?
  1. The budget.
  2. The level of taxation.
  3. The composition of government expenditure.
  4. The stock of money in the economy.
  1. South Africa has a comparative (relative) advantage over France in the production of maize if it:
  1. Produces maize with fewer material inputs than France.
  2. Can match France’s output of maize and have resources left over.
  3. Has an absolute advantage over France.
  4. Produces maize at a lower opportunity cost than France.
  1. . A tariff is:
  1. A tax on exported goods.
  2. A source of revenue to the exporting nation.
  3. A tax on imported goods.
  4. A tax on foreign property.
  1. People leave the labour force when they:
  1. Find employment.
  2. Become unemployed.
  3. Retire.
  4. Work in the informal sector.

Homework Answers

Answer #1

1. The rise in the value of a currency with respect to another currency is called appreciation of the currency.

the correct option is (B)

2. Cyclical unemployment refers to a form of unemployment occurs at particular times of the year or business cycle.

the correct option is (C)

3. The key macroeconomic variables are unemployment, inflation and output or GDP. The variable which does not constitute a part of the macroeconomic variable is income distribution because population growth still comes under per capita output.

the correct option is (C)

4. A consumer's purchasing power is the maximum value of goods and services that the consumer can buy.

the correct option is (C)

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If we were to add up the value of output of all production of goods and...
If we were to add up the value of output of all production of goods and services in the economy, we would: obtain GDP at factor cost. obtain GDP at market prices. obtain GDP using the income method. overestimate the value of production taking place in the economy. underestimate the value of production taking place in the economy. The               demand for money arises out of the need to hold money as a medium of exchange. This demand for money is...
1. If taxes A. increase, consumption increases, aggregate demand shifts right B. increase, consumption decreases, aggregate...
1. If taxes A. increase, consumption increases, aggregate demand shifts right B. increase, consumption decreases, aggregate demand shifts left C. decrease, consumption increases, aggregate demand shifts left D. decrease, consumption decreases, aggregate demand shifts right 2. When the interest rate increases, the opportunity cost of holding money A. increases, so the quantity of money demanded increases. B. increases, so the quantity of money demanded decreases. C. decreases, so the quantity of money demanded increases. D. decreases, so the quantity of...
During the recessions of 2001 and 2008-09, Select one: a. only the broader measures of the...
During the recessions of 2001 and 2008-09, Select one: a. only the broader measures of the unemployment rate increased. b. only the narrower measures of the unemployment rate increased. c. the labor force participation rate for women increased. d. all measures of the unemployment rate (U-1 through U-6) increased. e. the labor force participation rate for men increased. --- Full employment is the level of unemployment that occurs Select one: a. None of the above answers is correct. b. when...
1. Which of following will shift the Investment demand curve to the right?(choose one or more)...
1. Which of following will shift the Investment demand curve to the right?(choose one or more) A People believe the Economy will decline in the future B.Business Tax Decline C. The cost of buying production equipment Increases D. Decrease is unsued Production Capacity 2. In the long run the aggregate supply curve is vertical and the economy is at full- employment. A.True, in the long-run there is no cyclical unemployment which helps the economy maintain full employment. B. False, the...
1. Recall the classical economists and one of their favorite theories: the quantity theory of money...
1. Recall the classical economists and one of their favorite theories: the quantity theory of money and monetary neutrality. The theory is expressed as an equation as follows: M x V = P x Y. What does V stand for? a. the value of the domestic currency b. the velocity of money c. the virtual reality of the universe d. the velocity of investment spending in the economy 2. Following up on question 1 above, what does Y represent? a....
1. Which is the most accurate definition of the study of economics? [1] Distributing surplus goods...
1. Which is the most accurate definition of the study of economics? [1] Distributing surplus goods to those in need. [2] Dealing with affluence in a morally bankrupt world. [3] Using scarce resources to satisfy unlimited human wants. [4] Reducing human wants to eliminate the problem of scarcity. 2. Computer software represents [1] labour. [2] land. [3] capital. [4] entrepreneurship. 3. Suppose you have graduated with a degree in accounting and are offered a job with an accounting firm. But...
The aggregate demand curve shows the relationship between the aggregate price level and: A) aggregate productivity....
The aggregate demand curve shows the relationship between the aggregate price level and: A) aggregate productivity. B) the aggregate unemployment rate. C) the aggregate quantity of output demanded by households, businesses, the government, and the rest of the world. D) the aggregate quantity of output demanded by businesses only. 2.When the aggregate price level increases, the purchasing power of many assets falls, causing a decrease in consumer spending. This is known as the _____ effect and is a reason why...
If product "A" is considered a substitute for product "B" by the consumer, then an increase...
If product "A" is considered a substitute for product "B" by the consumer, then an increase in the price of "A" will eventually result in: A. an increase in the quantity of "A" demanded B. an increase in the price of "B" C. a decrease in the quantity of "B" demanded D. a decrease in the price of "B" For a demand relationship, the “substitution effect” refers to the inverse relationship between price and: A. Demand by a consumer because...
1.            The law of demand states that: a)            There is a direct or positive relationship between...
1.            The law of demand states that: a)            There is a direct or positive relationship between the price of a commodity and the quantity demanded. b)            The quantity demanded will be higher the lower is its price. c)            The quantity demanded will be lower the lower is its price. d)            The quantity demanded will be higher the higher is its price. 2.            The law of supply states that: a)            There is a direct or positive relationship between the quantity supplied...
QUESTION 1 Total output in the economy is equivalent to: A. total (real) income in the...
QUESTION 1 Total output in the economy is equivalent to: A. total (real) income in the economy. B. total consumption expenditure in the economy. C. total investment expenditure in the economy. D. none of the above. 10 points    QUESTION 2 In the classical model, because of full employment, real interest rate is A. a fixed number. B. determined in the labor market equilibrium. C. determined in the goods market equilibrium. D. none of the above. 10 points    QUESTION...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT