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ETS Sample questions Flashcards | StudBud

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1 Firm X

19 Price floor

ETS Sample questions

13 terms·StudBud Administration·32 plays

The Economics ETS Sample Questions.

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Questions 13

Answers

1
19 Price floor
C
B
D
E
2
1 Firm X
E
A
D
B
3
14 Demand for labor
C
A
D
B
4
12 Elasticity
B 36
E .28
D 1
C 3.6
5
13 Slope of budget constraint
A dX/dY
D -Py/Px
E -Px/Py
B -X/Y
6
16 External costs
D
B
E
C
7
18 Money supply increase
D
B
A
C
8
10 Mean, median, mode
A 50 40 30
C 40 20 10
B 40 40 20
D 30 50 20
9
6 Null Hypothesis
C
B
E
A
10
7 Production isoquant
D
B
C
E
11
11 Demand increase, supply decrease
C P increase, Q increase
D P decrease, Q indeterminate
A P increase, Q indeterminate
E P decrease, Q decrease
12
2 Consumer surplus
B
D
E
C
13
4 labor supply
B
D
A
C