Fundamentals of Economic Theory (Answers to the Synergy test)
Replenishment date: 30.08.2024
Contents: Answers - Fundamentals of Economic Theory - SYNERGY.pdf (347.08 KB)
️Automatic issue of goods ✔️
️Automatic issue of goods ✔️
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Description
Answers to the test Fundamentals of Economic Theory - SYNERGY, MOI, MTI.
The result is 90-100 points.
The test was taken recently.
The test contains 88 questions with answers!
To search for test answers in a WORD file, press the combination "CTRL+F". Then enter a question to quickly find the answer.
Before purchasing, be sure to review the questions already provided in advance, as tests and instructors change!
Questions:
1. When implementing a profit maximization strategy, a monopolist firm chooses the volume of output at which... (where P is the price, MR is the marginal revenue, MC is the marginal cost)
MC = MR
P > MR
MC = P
R > MC
2. Market equilibrium means a situation in the market when…
the quantity supplied is greater than the quantity demanded
the quantity demanded is greater than the quantity supplied
the quantity demanded is equal to the quantity supplied
demand equals supply
3. In the short term, the financial result of a firm that is a perfect competitor may be...
there may be profit
there may be zero profit
there may be a loss
there can be profit and loss at the same time
4. A shortage refers to a market situation where…
the quantity demanded is greater than the quantity supplied
demand is greater than supply
the quantity supplied is greater than the quantity demanded
supply is greater than demand
5. The political and economic union implies…
creation of supranational governing bodies (parliament, army, etc.)
free movement of labor, capital and technology between countries
a common trade policy towards third countries
removal of trade barriers between countries
6. Liabilities include…
attracted funds
funds invested on behalf of and at the expense of the person making the investment
materials and semi-finished products required for the production of final products
finished goods intended for consumption
7. The main macroeconomic problems of society include…
maintaining competition and stable price levels
achieving sustainable economic growth and full employment
increasing economic efficiency and standard of living
fair distribution of income
reduction in employment
reduction of the minimum wage
8. The export quota is determined by the formula ... (where GDP is the gross domestic product)
Export / GDP x 100%
Import / GDP x 100%
Volume of foreign trade / GDP x 100%
Public debt volume / GDP x 100%
9. The public debt can be financed by…
additional issue of money
internal loans
external loans
official refusal to repay it
10. Open inflation is manifested in…
reduction in the number of goods supplied for export
an increase in the number of goods that can be purchased for the same amount of money as before inflation
rising prices
falling prices
11. In contrast to automatic fiscal policy, discretionary fiscal policy is … the government’s attitude to ongoing processes in the economy
passive
active
active-passive
dismissive
12. Inflation is divided into types based on factors such as…
speed and place of propagation
справедливость
balance
predictability
nature of the flow
13. Assets include…
- materials and semi-finished products necessary for the production of final products
- funds invested on behalf of and at the expense of the person making the investment
- attracted funds
14. The usefulness of a good is…
- the consumer's judgment about the value of an item
- external manifestation of value
- the process of creating, modifying or restoring a good
- an internal, unchanging property of a thing
15. Establish a correspondence between the forms of elasticity and the corresponding changes
- cross elasticity of demand - elasticity of demand for the price of two goods
- price elasticity of demand - change in the quantity demanded due to a change in the price of a product
- income elasticity of demand - change in demand due to change in consumer income
- price elasticity of supply - change in the quantity supplied due to a change in the price of a product
The result is 90-100 points.
The test was taken recently.
The test contains 88 questions with answers!
To search for test answers in a WORD file, press the combination "CTRL+F". Then enter a question to quickly find the answer.
Before purchasing, be sure to review the questions already provided in advance, as tests and instructors change!
Questions:
1. When implementing a profit maximization strategy, a monopolist firm chooses the volume of output at which... (where P is the price, MR is the marginal revenue, MC is the marginal cost)
MC = MR
P > MR
MC = P
R > MC
2. Market equilibrium means a situation in the market when…
the quantity supplied is greater than the quantity demanded
the quantity demanded is greater than the quantity supplied
the quantity demanded is equal to the quantity supplied
demand equals supply
3. In the short term, the financial result of a firm that is a perfect competitor may be...
there may be profit
there may be zero profit
there may be a loss
there can be profit and loss at the same time
4. A shortage refers to a market situation where…
the quantity demanded is greater than the quantity supplied
demand is greater than supply
the quantity supplied is greater than the quantity demanded
supply is greater than demand
5. The political and economic union implies…
creation of supranational governing bodies (parliament, army, etc.)
free movement of labor, capital and technology between countries
a common trade policy towards third countries
removal of trade barriers between countries
6. Liabilities include…
attracted funds
funds invested on behalf of and at the expense of the person making the investment
materials and semi-finished products required for the production of final products
finished goods intended for consumption
7. The main macroeconomic problems of society include…
maintaining competition and stable price levels
achieving sustainable economic growth and full employment
increasing economic efficiency and standard of living
fair distribution of income
reduction in employment
reduction of the minimum wage
8. The export quota is determined by the formula ... (where GDP is the gross domestic product)
Export / GDP x 100%
Import / GDP x 100%
Volume of foreign trade / GDP x 100%
Public debt volume / GDP x 100%
9. The public debt can be financed by…
additional issue of money
internal loans
external loans
official refusal to repay it
10. Open inflation is manifested in…
reduction in the number of goods supplied for export
an increase in the number of goods that can be purchased for the same amount of money as before inflation
rising prices
falling prices
11. In contrast to automatic fiscal policy, discretionary fiscal policy is … the government’s attitude to ongoing processes in the economy
passive
active
active-passive
dismissive
12. Inflation is divided into types based on factors such as…
speed and place of propagation
справедливость
balance
predictability
nature of the flow
13. Assets include…
- materials and semi-finished products necessary for the production of final products
- funds invested on behalf of and at the expense of the person making the investment
- attracted funds
14. The usefulness of a good is…
- the consumer's judgment about the value of an item
- external manifestation of value
- the process of creating, modifying or restoring a good
- an internal, unchanging property of a thing
15. Establish a correspondence between the forms of elasticity and the corresponding changes
- cross elasticity of demand - elasticity of demand for the price of two goods
- price elasticity of demand - change in the quantity demanded due to a change in the price of a product
- income elasticity of demand - change in demand due to change in consumer income
- price elasticity of supply - change in the quantity supplied due to a change in the price of a product
Additional Information
- profit- loss
- alternation of profits and losses
- zero profit
17. Classical models of economic growth are…
- multifactorial
- single-factor
- non-factorial
18 Match the concepts and their definitions
- macroeconomics - state economy
- world economy - economy of world economic relations
- microeconomics - the economy of individual economic entities and markets
19. The labor force includes…
- minors and all working people
- employed people and unemployed people
- pensioners and all working people
- only working people
20. The main principles of the system of national accounts (SNA) include…
- double entry of all transactions
- calculation of all indicators for each year
- accounting exclusively of final products in monetary terms
- state licensing of banking activities
21. The system of national accounts (SNA) distinguishes between such transactions as…
- distribution operations
- payments in the duty-free zone
- financial transactions
- transactions with goods and services
22. The restrictive policy finds expression in …
- establishing friendly relations with other countries
- deterioration of the environmental situation in the country
- cooling of the market situation
- warming up the market situation
23. Establish a correspondence between production factors and types of income:
- entrepreneurship - profit
- capital - interest
- land - rent
- work - salary
24. The principles of taxation include
- informative and equal tension
- consistency and convenience
- voluntary nature of tax payment
- obligation and universality
25. State regulation of the economy is manifested in ...
reduction in employment
state entrepreneurship
reduction of the minimum wage
social policy
monetary and fiscal policy
state forecasting and planning
26. The intermediate segment on the aggregate supply curve is ...
a line with a negative slope
long-run aggregate supply curve
a line with a positive slope
short-run aggregate supply curve
27. Economic union implies...
a common trade policy towards third countries
free movement of labor, capital and technology between countries
removal of trade barriers between countries
creation of supranational governing bodies (parliament, army, etc.)
28. Depreciation is a process...
transferring the value of an asset to the price of a product
gradual shutdown of production
calculating the useful life of an asset
easing of tax policy
29. The firm's strategies in the market include...
minimization of costs
averaging tax rates
profit maximization
reducing dependence on imported foreign technologies
30. Extensive economic growth is achieved through…
improving the use of available factors of production
involvement of additional production factors in the production process
involvement of additional production factors in the production process and improvement of their use
removal of factors of production from the production process without improving the use of the remaining ones
30. The elements that make up the tax system of any country include…
taxpayer and tax rate
object and source of taxation
tax base
humanitarian aid
31. Demand-pull inflation means that prices rise because of…
reduction of production costs
increase in production costs
decrease in aggregate demand
increase in aggregate demand
32. The foreign trade quota is determined by the formula … (where GDP is the gross domestic product)
Export / GDP x 100%
Import / GDP x 100%
Volume of foreign trade / GDP x 100%
Public debt volume / GDP x 100%
33. Expansionist policy finds expression in …
cooling of the market situation
warming up the market situation
improving the environmental situation in the country
establishing friendly relations with other countries
34. If an increase in economic growth occurs