Alternative economic models Essay

1. If two alternative economic models are offered, other things equal, we would2. Time-serial publication forecasting models3. Consumer expenditure plans is an example of a forecasting method. Which of the superior general categories lift out described this example?4. An example of a time serial publication data set is one for which the5. For studying demand relationships for a proposed impudent product that no one has ever used before, what would be the best method to use?6. Which of the by-line barometric indicators would be the most facilitatory for forecasting future sales for an industry?7. If Ben Bernanke, Chair of the Federal second-stringer Board, begins to tighten monetary policy by raising US cheer grade next year, what is the likely impact on the value of the buck?8. An appreciation of the U.S. dollar has what impact on Harley-Davidson (HD), a U.S. manufacturer of motorcycles?9. The purchase power parity hypothesis implies that an increase in pretension in one country relation to another will over a long period of time10. In an open economy with a few(prenominal) capital restrictions and substantial import-export trade, a rise in interest rates and a decline in the producer price index of inflation will11. An increase in the exchange rate of the U.S. dollar relative to a trading partner can result from12. The optimal coin area involves a trade-off of reducing trans treat costs and the inability to use changes in exchange rates to help hurt regions. If the US, Canada, and Mexico had one single currency (the Peso-Dollar) we would tend to see all of the following EXCEPT13. Using demand and supply curves for the Japanese yen establish on the $/ price for yen, an increase in US INFLATION grade would14. The isoquants for remarks that are perfect complements for one another consist of a serial of15. The combinations of inputs costing a constant C dollars is called16. In a intersection 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 for17. If the peripheral product of labor is 100 and the price of labor is 10, while the fringy product of capital is 200 and the price of capital is $30, then what should the unbendable?18. The isoquants for inputs that are perfectsubstitutes for one another consist of a series of19. Marginal factor cost is defined as the amount that an special unit of the variable input adds to ____.20. What method of inventory valuation should be used for economic decision-making problems?21. The existence of diseconomies of scale (size) for the firm is hypothesized to result from22. ____ are defined as costs which are incurred regardless of the alternative action chosen in a decision-making problem.23. The cost function is24. For a short-run cost function which of the following statements is (are) not true?25. According to the possible action of cost, specialization in the use of variable resour ces in the short-run results ab initio in