Questions On Economics And Finance

Directions: Read the captioned book. Then answer the questions contained in this study guide. Post your completed document to the appropriate assignment box on the course website.

Directions: Read the captioned book. Then answer the questions contained in this study guide. Post your completed document to the appropriate assignment box on the course website.

Use the lecture folder to help you complete this guide. The more detail you can provide the better prepared for the test you will be.

#5. Other things equal, what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output.

|0 |$ 60 |$ 0 |$ 60 |$ 0 |$ 0 |$ 0 |$ 0 |

Answer the next question on the basis of the following production possibilities tables for countries Alpha and Beta:

Directions: Use your graded tests and Unit 4 & 5 notes to answer the following questions. You can find the answers for #’s 1 – 62 on Exam 1 (3rd Nine Weeks Exam) and #’s 63 – 100 on your unit notes. Write your answers in the space provided, below each question.

- Complete all of the details required on the front page of the examination booklet. - Make sure that you note the SIX(6) questions attempted on the front of your examination booklet - If Seven questions are attempted, the first SIX(6) will be marked. - You may use a non-programmable calculator - Graph paper will be provided. - Answers are to be written in ink. Pencils are permitted for graphing purposes. - The

Answer four (4) questions. Maximum of 400 words for each question. These are questions which require short answers to a series of issues relating to economic principles and concepts.

Refer as needed to material in Chapters 12 and 13. Read the instructions carefully and answer all questions clearly and concisely. Include examples to highlight your comments.

READ: Naked Economics: Undressing the Dismal Science, Charles Wheeland, W.W. Norton, 2003. Completely- cover to cover.

After reading the course resources, answer questions 1-10. (10 points each)
Please take time to answer each question completely.

Basic economic models assume that all parties have “perfect information.” How does “informational asymmetry” undermine our market economy?

4. Using the following information for individuals and their willingness to pay for a bottle of ginger ale, calculate the total consumer surplus at a market price of $5.

This paper is divided into FOUR sections. You should answer three questions in total, each one from a different section. All questions carry the same number of marks. Spend about one hour on each question. At the end of the examination Check that you have written your personal identifier and examination number on each answer book used. Failure to do so will mean that your work cannot be identified. Put all your used answer books and your question paper together, with your signed desk record on top. Fix them all together with the paper fastener provided.