Senior Microeconomics

posted by .

I need some help with my econ homework. Can someone tell me if I am right on these?

1. When graphing cross-sectional data, one should ________.
A. place the various years on the X-axis

B.always be drawn using a line chart

C. investigate variables in a single time period

D. concentrate on collecting data on a single variable

My Answer: D. concentrate on collecting data on a single variable
2. Which of the following will cause the production possibilities frontier to shift outward?

A. an increase in the size of the labor force

B.a decrease in the unemployment rate

C. a decrease in the size of the capital stock

D. an inefficiency that has been corrected

My answer: B.a decrease in the unemployment rate

3. Shortages ________.

A. occur when the price is above the equilibrium price

B. are identical to scarcity, but just shown through the use of the demand and supply model

C. are due to the fact that quantity demanded exceeds the quantity supplied at a given price

D. can be eliminated by providing some of the good to each consumer

My Answer: C. are due to the fact that quantity demanded exceeds the quantity supplied at a given price

4. Quantity demanded ________.

A. is the amount of a good a consumer is willing and able to purchase at a given price

B. is identical to the quantity supplied

C. is a downward sloping curve

D. is the amount equal to what producers are willing and able to produce at given prices

My answer: B. is identical to the quantity supplied

Thanks

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. graphing!

    can someone help me? okay so I am given this : (a) y= x-4 (b) y=2-x I have to graph this manually and find the intersection. okay so I know how to graphi it right with this formula: y=mx+b okay but is the slope how can you tell and
  2. Macroeconomics - inflation vs unemployment!!!!

    I had to graph both the U.S. inflation and unemployment rates on the same graph between the years 1990-2004. I need to analyze the data. How are the two rates related?
  3. math check again please

    I have a slope of -3/4 and the y-intercept at 8 the equation looks like: y= -3/4x + 8 can someone tell me if i'm correct when i'm graphing it. the two points that cross in the x axis and y are (0,8) and (10.5,0) am i correct?
  4. maths help

    Hi MY question is if a cylinder has a volume of 72cm cubed and a cross-sectional area of 18cm squared. Work out the height of the cylinder Can someone show me how we do it by the steps The volume of a cylinder is given by volume = …
  5. Chemistry

    Hi Dr Bob, I understand the 2nd method but need to clarify the 1st method.If I only wish to draw 1 Al and 1 O, then I need to include the "plus" sign and draw the 'dot and cross' diagram as 2[Al]+ 3[O] , with the charges of course, …
  6. math

    Can someone please explain this problem to me: I have to use integrals to find volumes with known cross sections but i just don't understand. I have to do a lot of examples for homework like this so can someone show me so I can do …
  7. Statistics

    I have a question about one of my Stats vocab questions. any help is great. thanks! Identify the type of observational study as either Cross-sectional or retrospective (just a reminder, Cross-sectional is data measured at one point …
  8. english

    Fill in the spaces with the correct form of the verb in present continues tense. Hey! Do you want to hear about what my family (do) ________ ________(1) right now?
  9. physical

    Water flow along horizanta pipe at cross sectional area 48cm which has a constriction at cross sectional area 12cm at one place if the speed at the water at the constriction point is 4m/s calculate the speep at the wide section
  10. Precalculus

    My teacher said this: "Please explain how you can tell if the multiplicity is odd or even. Then explain how you can tell if the multiplicity will be 1 or some odd number greater than 1." about some questions in my homework about graphing …

More Similar Questions