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Monday, January 28, 2019

Economic time-series Exam Essay

1. The variation in an economic time-series which is caused by major expansions or contractions usually of greater than a year in duration is known as2. Time-series forecasting models3. If 2 alternative economic models ar offered, other things equal, we would4. Smoothing proficiencys are a figure out of ____ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.5. The forecasting technique which attempts to forecast short-term changes and makes use of economic indicators known as leading, coinciding or lagging indicators is known as6. For studying demand relationships for a proposed new harvest-feast that no one has ever used before, what would be the best method to use?7. If Ben Bernanke, Chair of the Federal Reserve Board, begins to subdue monetary policy by raising US interest pass judgment next year, what is the likely impact on the value of the dollar?8. Companies that muffle their margins on export ingatherings in the face of appreciation of their home up-to-dateness may be motivated by a desire to9. An ontogeny in the exchange rate of the U.S. dollar sexual relation to a concern partner can result from10. Trading partners should specialize in producing goods in accordance with comparative advantage, then trade and diversify in intake because11. An appreciation of the U.S. dollar has what impact on Harley-Davidson (HD), a U.S. manufacturer of motorcycles?12. If the British pound () appreciates by 10% against the dollar13. The import of Apple iPads assembled in Shanghai at a $295 wholesale price ($213 court and $82 profit margin) adds more than it should to the U.S. trade deficit with China because14. If the marginal product of labor is 100 and the price of labor is 10, while the marginal product of capital is 200 and the price of capital is $30, then what should the firm?15. In a production process, an excessive amount of the variable input relative to the fixed i nput is being used to produce the desired output. This didactics is true for16. Which of the following is never negative?17. The combinations of inputs costing a constant C dollars is called18. The marginal rate of technical substitution may be defined as all of the following except 19. In a relationship among total, average and marginal products, where TP is maximized20. Economies of Scope refers to situations where per unit costs are21. Economies of scale exist whenever long-run average costs22. What method of farm animal valuation should be used for economic decision-making problems?23. For a short-run cost function which of the following statements is (are) not true?24. The cost function is25. gibe to the theory of cost, specialization in the use of variable resources in the short-run results initially in Copy this link to your browser and download

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