Posted: August 9th, 2024

STRAYER ECO550 WEEK 5 MIDTERM EXAM PART 2 LATEST 2016 APRIL

Question 1
4 out of 4 points
Which of the following barometric indicators would be the
most helpful for forecasting future sales for an industry?

Question 2
4 out of 4 points
The type of economic indicator that can best be used for
business forecasting is the:

Question 3
4 out of 4 points
If two alternative economic models are offered, other things
equal, we would

Question 4
4 out of 4 points
Time-series forecasting models:

Question 5
4 out of 4 points
The use of quarterly data to develop the forecasting model
Yt = a +bYt−1 is an example of which forecasting technique?

Question 6
4 out of 4 points
Consumer expenditure plans is an example of a forecasting
method. Which of the general categories best described this example?

Question 7
4 out of 4 points
In a recession, the trade balance often improves because

Question 8
4 out of 4 points
If Ben Bernanke, Chair of the Federal Reserve Board, begins
to tighten monetary policy by raising US interest rates next year, what is the
likely impact on the value of the dollar?

Question 9
4 out of 4 points
Using demand and supply curves for the Japanese yen based on
the $/Â¥ price for yen, an increase in US INFLATION RATES would

Question 10
4 out of 4 points
Companies that reduce their margins on export products in
the face of appreciation of their home currency may be motivated by a desire to

Question 11
4 out of 4 points
In an open economy with few capital restrictions and
substantial import-export trade, a rise in interest rates and a decline in the
producer price index of inflation will

Question 12
4 out of 4 points
In Chinese coastal provinces, brick housing for a fast
expanding middle class is very comparable in size to housing in the U.S. for a
family with median income of $51,000 because

Question 13
4 out of 4 points
The purchasing power parity hypothesis implies that an
increase in inflation in one country relative to another will over a long
period of time

Question 14
4 out of 4 points
Given a Cobb-Douglas production function estimate of Q =
1.19L.72K.18 for a given industry, this industry would have:

Question 15
4 out of 4 points
The isoquants for inputs that are perfect complements for
one another consist of a series of:

Question 16
4 out of 4 points
In a relationship among total, average and marginal products,
where TP is maximized:

Question 17
4 out of 4 points
Which of the following is never negative?

Question 18
4 out of 4 points
If the marginal product of labor is 100 and the price of
labor is 10, while the marginal product of capital is 200 and the price of
capital is $30, then what should the firm?

Question 19
4 out of 4 points
In a production process, an excessive amount of the variable
input relative to the fixed input is being used to produce the desired output.
This statement is true for:

Question 20
4 out of 4 points
The existence of diseconomies of scale (size) for the firm
is hypothesized to result from:

Question 21
4 out of 4 points
For a short-run cost function which of the following statements
is (are) not true?

Question 22
4 out of 4 points
____ are defined as costs which are incurred regardless of
the alternative action chosen in a decision-making problem.

Question 23
4 out of 4 points
What method of inventory valuation should be used for
economic decision-making problems?

Question 24
4 out of 4 points
If TC = 321 + 55Q – 5Q2, then average total cost at Q = 10
is:

Question 25
4 out of 4 points
Economies of Scope refers to situations where per unit costs
are:

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