Question

COULD YOU HELP ME PLEASE
1. What is the key statistic that drives the market mechanism?
I) Capital investments.
2) Prices.
3) Inflation.
4) Marginal costs.
2. According to Adam Smith, what human trait leads to the division of labour in particular?
I) The propensity to exchange,
2) The desire for leisure.
3) Natural talents of population.
4) Self-interest.
3 Lisa is a consumer willing to buy a television for €350. Max is a producer of televisions willing to sell one at €300. The transaction takes place at a price of €330. Which of the following statements in true about this example?
1) Lisa's consumer surplus is €20. 330.
2) Lisa's consumer surplus is €30.
3) Max' producer surplus is €50.
4) Max' producer surplus is €20. 4. Mexico, by using all of its workforce, can either produce 100 computers or 1500 shirts (which are the only products available).
What is then the opportunity cost of producing 45 shirts?
l) 5 computers.
2) 3 computers.
3) 9 computers.
4) None of the above.
5. Which of the following will shift the demand curve up and to the right?
i) An increase in the quantity demanded.
2) An increase in demand.
3) A decrease in supply.
4) A decrease in quantity demanded.
6. An Edgeworth box represents trade:
l) In an open economy,
2) Between two people.
3) Before taxes.
4) Ofraw materials.

Answer 1

Answer:

it is such a big question so you should 1 question in 1 turn