Verification work in the MEI Economic Theory Part 2

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 in an effort to stimulate consumption. What this will (to the deficit or surplus)? Determine the quantity demanded to the proposal, 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 consider-equivalent to the sum of 10 thousand dollars today, and 24 thousand 414 dollars in four years. Is it possible to judge on these data, the percentage of foreign currency deposits at banks will provide for the four coming years?

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






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-precision products.

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.

Answer: Divide the instructions above statements as follows:

True statements are incorrect statements



Question 7. Which of the events shift: a) the aggregate demand curve to the right; b) the aggregate demand curve to the left; 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 technologies. 5. Increase the size of unemployment benefits. 6. Reducing the velocity of money. 7. Strengthening roll 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 growth of capital-urs. 14. Import growth. 15. The poor harvest caused by severe drought. 16. reduced household debt. 17. The growth of the stat