If expected inflation increases 3 percent, the stockâs expected return will B) The predictive power of Includes some of the questions and answers Opportunity cost does not have to be measured in dollar terms. B) All economic models are based on the same assumptions. Which of the following statements about the payback method is true? b) An economic model is tested by seeing how accurate its predictions are. The average product of capital at B is 20,000 / 15,000 = 1.33. To be appointed as Governor, one should have completed the age of 45 years. Choose the one alternative that best completes the statement or answers the question. b. The Governor holds the office during the pleasure of the President. Economists use the word equity to describe a situation in which a. each a. B. Nominal GDP values production at market prices, whereas real GDP values production ⦠Business ethics is not a real concept as the rules and ethics of everyday life don't apply to the world of business. Uses no mechanical power. Some economic models are based on pure fact and no assumptions. (A) It was established in 1956~by an Act of Parliament. 17) Which of the following statements about economic models is correct? Which of the following statements about the minimum wage is correct? C) The purpose of economic models is to show Which of the following statements (in general) is correct? 20. b. b. Based on this information, which of the following statements is correct? 1 only (b.) Which of the following statements is correct? Question: Which of the following statements is true about ethical decision making in business? A) There is only one correct economic model. 27) Which of the following statements about GDP is correct? Option C 2. B)Economic analysis can decide Oxford University Press USA publishes scholarly works in all academic disciplines, bibles, music, children's books, business books, dictionaries, reference books, journals, text books and more. d. Uses family workers. May be enterprises with less than 10 workers. This is due to changing nature of the labour market. 1. 31. Which of the statements given above is/are correct? correct incorrect A. Economic rent a. is It is limited to the type of major corporate decisions with social consequences. b In most cases, especially those that involve the testing of economic theories. Which of the following statements regarding the basic economic problem of scarcity is correct? If the stockâs beta doubles its expected return will double. The marginal product of capital at ⦠9. S2: Given the table R(a,b,c) where a and b together form the primary key, the following is a valid table definition. Among the following States, which one has the most suitable climatic conditions for the cultivation of a large variety of orchids with minimum cost of production, and Principles of Macro FALL 2008 EXAM 1 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. A. Logical decisions are taken by it. Which of the following statements about investment decision models is true? One of the following reference models has 1. 3 *03* Turn over IB/G/Jun18/7135/1 Do not write outside the box 0 3 The price elasticity of demand (PED) for petrol used by car drivers in an economy is estimated to be â0.2. Which one of the following is the most likely reason 1. Selecting the correct data is also very important because the nature of the model will determine what economic facts are studied and how they will be compiled. Study Choose Correct Option from History of Economic Thought Flashcards Flashcards at ProProfs - Can you Choose the Correct Option from the History of Economic Thought? Given the following statements: S1: A foreign key declaration can always be replaced by an equivalent check assertion in SQL. Economic models are useful, but they should not be used for the purpose of improving public A. 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