Over the long term inflation is less a problem than unemployment" is an example of :
economics
Description
ECON140
ASSIGNMENT # ONE
Second Semester, 2019-2020
Chapters 1, 3 and 6
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Student name: |
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ID. |
Section No: |
E-mail: |
Please read these instructions BEFORE
answering the assignment.
Instructions:
1-
The assignment contains three parts: Part I, Part II and
Part III. Answer all parts.
2-
After answering the assignment you should save it as a
PDF file and send it to you instructor’s E-mail
as follow :
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Sections
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Instructor
Name |
instructor’s
E-mail |
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1,5,9,13,
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Mr.
Mohamed Hassan |
mhmhassan@uob.edu.bh |
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2,6,14 |
Mr.
Mohamed Rashad |
mrashad@uob.edu.bh |
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4,8,16,20,24 |
Mrs.
Maryem Nabeel |
mnabeel@uob.edu.bh |
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18,22, |
Dr.
Shahed Ahemd |
smmanzoor@uob.edu.bh |
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15,21, |
Dr.
Anis Elkhayati |
aelkhayati@uob.edu.bh |
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17 |
Prof.
Mukes Kumar |
mkumar@uob.edu.bh |
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3,7,19,
23 |
Dr.
Mohamed Abou Elseoud |
msayed@uob.edu.bh |
3- Your
answers (in PDF format) should be submitted to your Instructor’s email before 16/04/2020
@6:00PM, after this date it will not accepted and not graded.
4- After
submitting your answer, you will receive
conformation e-mail from your instructor
that he/she received you assignment
5- After
correcting assignment, your instructor will send your grads via email.
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Question |
Part I |
Part II |
Part III |
Total |
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Maximum Points |
20 |
50 |
30 |
100 |
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Points Obtained |
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Part
I
Multiple
Choice Questions (20 marks)
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1 |
The main difference between a free good and an economic good is
that: |
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Your answer |
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A |
It is not available |
B |
It is not tradable |
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C |
No one desires any amount |
D |
It is not scarce |
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2 |
" Over the long term inflation is less a problem than
unemployment" is an example of : |
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Your answer |
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A |
A positive statement |
B |
A statement that could never be true |
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C |
A statement that suffers from a logical error |
D |
A normative statement |
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3 |
Which of the following statements relates to the concept of
efficiency? |
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Your answer |
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A |
Being able to produce more of one good only by producing less of
something else. |
B |
Using resources as effectively as possible |
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C |
The absence of waste |
D |
All of the above. |
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4 |
After
Rayan received a raise in his income, he began buying more Ice Cream Cones
and fewer Popsicles. For Rayan Popsicles is: |
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Your answer |
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A |
A
joint product |
B |
A
normal good |
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C |
A
complementary good with Ice Cream |
D |
An
inferior good |
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5 |
Which
of the following will shift the supply curve for textbook to the left: |
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Your answer |
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A |
A
decrease in the demand of substitutes in production |
B |
A
decrease in taxes on textbook suppliers |
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C |
An
increase in printing costs |
D |
A
decrease in the number of buyers |
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6 |
If
the marginal benefit(MB) of good (X)
> the marginal cost (MC) of good (X)
then: |
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Your answer |
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A |
It
is better to produce or consume more of good(Y) |
B |
It
is better to produce or consume less
of good (X) |
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C |
It
is better to produce or consume more
of good (X) |
D |
It
the allocatively efficiency |
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7 |
Which
of the following best defines the subject of economics? |
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Your answer |
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A |
the
art of making money |
B |
the
study of choices that businesses make to maximize profit |
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