Answers of the midterm revision Part
(2)
Q (1) MCQ:
1
2
3
4
5
6
7
8
d
a
d
c
d
a
d
e
9
10
11
12
13
14
15
16
b
d
c
d
c
d
c
a
17
18
19
20
21
22
23
24
c
a
c
a
b
b
b
b
25
a
Q (2):
Midpoint elasticity is the same as average elasticity
a. % change in quantity =
Macroeconomic Section - Group (B)
(Problem sheet (2
(1) MCQ:
1. A consumption function shows a
A) Negative (inverse) relationship between consumption expenditure and saving.
B) Positive (direct) relationship between consumption expenditure and price level
Microeconomic Section - Group (B)
Problem sheet (9)
(1) Amira Cookie Shop sells chocolate chip cookies in a perfectly competitive market for $2 per dozen.
Amira currently produces 200 dozen cookies per day and average total cost at this level of productio
Microeconomic Section - Group (B)
Problem sheet 10 Revision
(1) MCQ :
If p =10 , Q=100 , ATC = 5
and AVC=3 Answer the questions 1 to 3
1. The firm total revenue is
a. 500
b. 1000
c. 800
d. 300
2. The AFC when Q=50
a. 200
b. 4
c. 2
d. 250
3. The firm total
Microeconomic Section - Group (B)
(Problem sheet (1
Chapter (1):
Would the following problems be studied under microeconomics or
macroeconomics?
A study of the rising price of college textbooks.
a)
Microeconomics
b)
Macroeconomics
Comparing the total econ
Problem sheet on inflation and unemployment
1. If the (CPI) at the end of 2005 was 160 and at the end of 2006 was 170, the
inflation rate in 2006 is approximately :
a. 10%
b. 8%
c. 6.25%
d. 5.5%
ANS: c
Inflation rate =CPI 2006 CPI 2005 / CPI 2005 = 170-16
Microeconomic Section - Group (B)
(Problem sheet (5) Midterm Revision (2
Q(1) MCQ:
1. If the cost of computer components falls, then
a)
b)
c)
d)
The demand curve for computers shifts to the right.
The demand curve for computers shifts to the left.
The sup
Answers of the midterm revision Macro
Q (1) MCQ:
1
2
3
4
5
6
7
8
a
a
d
b
b
a
c
d
9
10
11
12
13
14
15
16
c
b
d
d
b
a
c
d
17
18
19
20
a
c
b
c
Q (2):
a) C= 50+0.75 Y
b) S= -50 + 0.25 Y
c) C=Y
50 + 0.75Y=Y
0.25Y=50 Y=200
d) Draw the intersection of the income
Macroeconomic Section
Mid Term Revision
Q(1): Multiple Choices
1. The multiplier is larger if the
A) marginal propensity to consume is larger.
B) marginal propensity to save is larger.
C) income tax rate is higher.
D) marginal propensity to import is larg