Economics 32 discussion of question/answers

[Mattman]

Thought that too... but it's not necessary?



Technological change can cause structural unemployment. Labour of higher order skills will be needed?



Exactly. And for a large range of output.

Well firm growth usually means large amounts of output so generally this results in lower profits. What was ur answer?

 

[Mattman]

Structural unemployment.

But frictional unemployment too can occur, no? If differentials in wages are widened...

Which question u are talking abt? The one where natural unemployment falls, or the decline in the demand for electronic goods

I chose structural also

 

[Mattman]

MPC < 1. Yap?

I'm not sure abt that cos there are other close answers.. The other ones are mpm is more than 1, and rise in mps

I think the question implies that multiplier is less than one

 

[AlphaCentauri]

Well firm growth usually means large amounts of output so generally this results in lower profits. What was ur answer?

For a natural monopolist or a firm with a high set up cost?

Labour turnover.

 

[AlphaCentauri]

Which question u are talking abt? The one where natural unemployment falls, or the decline in the demand for electronic goods

I chose structural also

Where natural unemployment increases.

I'm not sure abt that cos there are other close answers.. The other ones are mpm is more than 1, and rise in mps

I think the question implies that multiplier is less than one

What was the exact wording? I remember there was something about it.

 

[Mattman]

For a natural monopolist or a firm with a high set up cost?

Labour turnover.

i think its too vague, as labor turnover also means workers leaving

 

[Mattman]

Where natural unemployment increases.



What was the exact wording? I remember there was something about it.

oh then i put tech changes

when injection of 10 mil increases less than that

 

[AlphaCentauri]

i think its too vague, as labor turnover also means workers leaving

If you do accounting, you'll understand the nuance. Turn-over, being replaced.

 

[AlphaCentauri]

oh then i put tech changes

when injection of 10 mil increases less than that

Exact wording?

 

[Mattman]

what kind of turnover was in the answer? i forgot

 

[AlphaCentauri]

what kind of turnover was in the answer? i forgot

High labour turnover

 

[Mattman]

tmrw ill get back the q paper and see whats the exact question/answer

 

[parthrocks]

tmrw ill get back the q paper and see whats the exact question/answer

Are you the examiner!!!lets leave it on the almighty!!god!!
chalo bye!

 

[AlphaCentauri]

Are you the examiner!!!lets leave it on the almighty!!god!!
chalo bye!

He is the examinee.

tmrw ill get back the q paper and see whats the exact question/answer

During a recession, a govt. increases its expenditure on goods and services by $10 million but leaves tax rates unchanged.
Why might the subsequent increase in national income be less than $10 million?

A. Increased govt. borrowing increases interest rates.
B. The mpc is less than 1.
C. The marginal propensity to import is greater than 0.
D. There is no accelerator effect on investment.

Now am seeing my paper. I put A.

 

[Mattman]

yes i put A as well. its the most accurate answer i think

I dont think D is related

 

[Mattman]

How were my other answers compared to urs?

 

[AlphaCentauri]

yes i put A as well. its the most accurate answer i think

I dont think D is related

How were my other answers compared to urs?

2) D. The same utility is obtained from the last unit of expenditure on each commodity.

6) B. I think you copied the wrong question there. It's an area. Economic rent.

7) B. Wrong question again.

Are the questions in the right order? :/

 

[Mattman]

no they are not

what was 2 again?? maximise utility?

whats the exact question

 

[AlphaCentauri]

A consumer who aims to maximise his utility will arrange his consumption so that:

 

[Mattman]

from what i know MU per dollar must be the same. the equimarginal principle

check http://occonline.occ.cccd.edu/online/rkeep/Pre-Test Chapter 19 ed17.pdf number 27, its the same question