need help with the MCs
Question 3 Not yet answered Marked out of 1.00 Flag question The following table shows Metropolis' population and employment data. What is the approximate labour force participation in Metropolis according to this data? Status Number of people Children 0-15 years old 300,000 Employed 450,000 Unemployed 75,000 Discouraged Adult workers 50,000 Stay-at-home parents and other non-working civilians over 18 65,000 Retired individuals 60,000 Select one: O a. 52.5% O b. 64% O C. 82% o d. 75% Question 4Question 4 Not yet answered Marked out of 1.00 Flag question Ever since opening up their economy the Central Bank of Wakanda has started selling bonds with high interest rates, which has influenced the interest rate in the United States. What is the impact of these new instruments on the financial account, the value of the dollar (the US currency) and American imports from Wakanda in the short run? Select one: O a. Financial account increases; dollar appreciates; imports increase O b. Financial account decreases; dollar appreciates; imports decrease O c. Financial account decreases; dollar depreciates; imports decrease O d. Financial account increases; dollar depreciates; imports increase Question 5 Not yet answered Marked out of 1.00 Flag question In the imaginary island of Atlantica production only includes coconuts and pineapples. The table below reports the quantity of coconuts and pineapples sold in Atlantica along with their prices. Based on this data and using 2010 as the base year what was Atlantic's growth in real GDP between 2010 and 2015? Year Quantity of coconuts Price per coconut Quantity of pineapples Price per pineapple W EC1002 COVEQuestion 5 Not yet answered Marked out of 1.00 Flag question In the imaginary island of Atlantica production only includes coconuts and pineapples. The table below reports the quantity of coconuts and pineapples sold in Atlantica along with their prices. Based on this data and using 2010 as the base year what was Atlantic's growth in real GDP between 2010 and 2015? Year Quantity of coconuts Price per coconut Quantity of pineapples Price per pineapple 2010 200 $3 150 $2 2015 250 $5 175 $4 Select one: O a. 116% O b. 22% O C. 122% o d. 20% Question 6 Not yet answered Marked out of 1.00 Flag question If a mood is a Giffon good which of the following statements ic FAT CFO CX EC1002 cover p....docx W- EC1002 ZA ass....docxU a. 1 10 70 O b. 22% O c. 122% o d. 20% Question 6 Not yet answered Marked out of 1.00 Flag question If a good is a Giffen good, which of the following statements is FALSE? Select one: a. The substitution effect from a rise in its price causes a rise in demand. O b. It is an inferior good. O c. The income effect from a rise in its price causes a rise in demand. o d. The substitution effect from a fall in its price must be smaller than the income effect. Question 7 Not yet answered Marked out of 1.00 Flag question Which of the following events unambiguously leads to higher inflation? al.docx EC1002 cover p....docx EC1002 ZA ass....docx MacBook Airo d. The substitution effect from a fall in its price must be smaller than the income effect. Question 7 Not yet answered Marked out of 1.00 Flag question Which of the following events unambiguously leads to higher inflation? Select one: O a. An increase in the expected inflation and a decrease in investment spending O b. An increase in government spending O c. A decrease in the rental rate of capital o d. An increase in wages and an increase in consumer spending Question 8 Not yet answered Marked out of 1.00 Flag question A small firm burning compost to produce energy opens next to an urban farm in London. The firm emits greenhouse gases that compromise the health of the farm animals. The firm's owners interact regularly with the urban farm's owners. To correct the externality the OCX W- EC1002 cover p....docx EC1002 ZA ass....docxQuestion 8 Not yet answered Marked out of 1.00 P Flag question A small firm burning compost to produce energy opens next to an urban farm in London. The firm emits greenhouse gases that compromise the health of the farm animals. The firm's owners interact regularly with the urban farm's owners. To correct the externality the government assigns property rights to the firm. Does the Coase Theorem apply to this situation and will the output of the firm (i.e. the greenhouse gases it emits) be socially efficient? Select one: O a. Coase theorem applies; the output will not be efficient because the firm has the right to pollute. O b. Coase theorem does not apply; the output will not be socially efficient because the firm has the right to pollute. O c. Coase theorem applies; the output will be socially efficient because the firm internalizes the externality. o d. Coase theorem does not apply; the output will be socially efficient because the firm internalizes the externality. Question 9 Not yet answered Marked out of 1.00 Flag question Following political tension, the price of gasoline (a complement to gasoline-powered cars) increases and makes the demand for gasoline-powered cars shift down. What are the likely cc EC1002 EC1002 ZA ass....docxO b. Coase theorem does not apply; the output will not be socially efficient because the firm has the right to pollute. O c. Coase theorem applies; the output will be socially efficient because the firm internalizes the externality. O d. Coase theorem does not apply; the output will be socially efficient because the firm internalizes the externality. Question 9 Not yet answered Marked out of 1.00 Flag question Following political tension, the price of gasoline (a complement to gasoline-powered cars) increases and makes the demand for gasoline-powered cars shift down. What are the likely effects on the market for electric cars (a substitute for gasoline-powered cars)? Select one: O a. The demand for electric cars is likely to increase and the equilibrium quantity traded will be higher. O b. Nothing is likely to change in the market for electric cars. O c. The supply of electric cars is likely to decrease and the equilibrium price will be higher. o d. The demand for electric cars is likely to decrease and the equilibrium price will be lower. Question 10 Not yet answered Marked out of 1.00 P Flag question An ice-cream parlour in Rome operates in a perfectly competitive market. For the ice-cream W- EC1002 cover p....docx EC1002 ZA ass....docxD emfss.elearning.london.ac.uk/mod/quiz/attempt.php?attempt=138988&cmid=33459 je narocnine -... Login R Ram Quarter : Su... a Amazon.co.uk: Pri... Welcome - Stude... LSE Your Virtual Learni... Other Question 10 Not yet answered Marked out of 1.00 P Flag question An ice-cream parlour in Rome operates in a perfectly competitive market. For the ice-cream seller whose marginal, average variable, and average total cost curves are shown in the diagram below, what is the profit-maximizing level of output and the corresponding price in the short-run? AVC 2.50 1.75 0.50 75 200 250 Select one: o a. The profit-maximizing output is Q = 75 and the corresponding price is P = 1.75 O b. The profit-maximizing output is Q = 200 and the corresponding price is P = 2.50 O c. The profit-maximizing output is Q = 250 and the corresponding price is P = 2.50 O d. The profit-maximizing output is Q = 250 and the corresponding price is P = 1.75 02 ZA final.docx W- EC1002 cover p....docx W- EC1002 ZA ass....docx MacBook Air
