Fundamentals of Economic Theory. Synergy Test 2021

Passed with 90 points in 2021! 27 out of 30 questions are correct. A screenshot with a mark is attached to the work. Answers are highlighted in color After purchase, you will receive a file with answers to the questions listed below: 1. “An economic union implies ... a common trade policy in relation to third countries; free movement of labor resources, capital and technology between countries; removal of trade barriers between countries; creation of supranational governing bodies (parliament, army, etc.) 2. Depending on the causes and mechanism of occurrence, there are ... business cycles short and long long-wave industrial and construction small and large 3. Seller surplus means a situation on the market when ... the amount of supply greater than the quantity of demand the quantity of demand is greater than the quantity of supply the product is bought at a price higher than the seller expected the product is bought at a price lower than the seller expected 4. Directive state planning means ... transfer of state property to the private sector mandatory execution of state plans production planning within firms advisory nature of government plans 5. State anti-inflationary regulation includes... fiscal policy, monetary policy, public works, increasing payments of cash transfers 6. The value of the differential rent depends on... the uniqueness of the asset, the quality and location of the asset, the key rate of the central bank, the magnitude of the difference exports and imports of the country 7. Intensive economic growth is carried out ... only by improving the use of existing factors of production, involving additional factors of production in the production process and improving their use only by involving additional factors of production in the production process, removing used factors of production from the production process without improving the use of the remaining factors of production 8. The first Western economist who substantiated the need for state regulation of the economy in the 20th century was... A. Smith K. Marx J. M. Keynes P. ?. Samuelson 9. Public debt can be financed by .. external loans internal loans additional emission of money official refusal to repay it 10. Demand inflation means that price increases occur due to an increase in aggregate demand decrease in production costs increase in production costs 11. Establish the correspondence of the forms of elasticity and corresponding changes: ?elasticity of demand by price|change in the quantity of demand due to a change in the price of a product?plasticity of supply by price|change in the quantity of supply due to a change in the price of a product?plasticity of demand by demand due to changes in consumer income Cross elasticity of demandelasticity of demand for the price of two goods|elasticity of demand for the price of two goods 12. A customs union implies... the creation of supranational governing bodies (parliament, army, etc.) free movement of labor resources, capital and technology between countries a common trade policy in relation to third countries the removal of trade barriers between countries 13. A double (or bilateral) monopoly implies a situation where there is one buyer and one seller in the market; there are two sellers in the market; there are two buyers in the market; one operates in two markets and the same single seller 14. External effects are ... the property of a thing to satisfy certain needs in a certain way; ordered relations of economic entities, as a result of which different benefits are assigned to different entities; exercise of ownership rights to a given benefit (property); results of production activities not reflected in the price of good 15. ?export quota is determined by the formula... (where GDP is gross domestic product) ?export/GDP x 100% Import/GDP x 100% Volume of foreign trade / GDP x 100% Volume of public debt / GDP x 100 100

16. The intermediate segment on the aggregate supply curve is... a line with a negative slope of the long-term aggregate supply curve; a line with a positive slope of the short-term aggregate supply curve 17. Assets include... raised funds, materials and semi-finished products necessary for the production of final products, invested funds on behalf and at the expense of the one who makes the investment 18. Physical capital is divided into ... financial and working capital and working savings and investments financial and basic 19. Foreign trade quota is determined by the formula ... (where GDP is gross domestic product) ?export/GDP x 100% Volume of public debt / GDP x 100% Volume of foreign trade / GDP x 100% Import/GDP x 100% 20. Establish the correspondence between the concepts and their definitions: Microeconomics|economics of individual economic entities and markets Macroeconomics|economics of the state World economy|economics of world economic relations 21. If an increase in economic growth occurs due to factors of aggregate supply, then this is due to... the volume of fixed capital and the level of technology, the quantity and quality of natural and labor resources, entrepreneurial ability and scientific and technological progress, the infrastructure of distribution and redistribution 22. The basic principles of the system of national accounts (SNA) include... double entry of all transactions, accounting exclusively for final products in monetary value, state licensing of banking activities, calculation of all indicators for each year 23. To determine the unemployment rate, you should calculate the ratio of the number of unemployed to the value unemployed people at will labor force minor pensioners 24. The aggregate supply curve includes . four segments one segment two segments three segments 25. Establish the correspondence between factors of production and types of income: Entrepreneurship - profit Land - rent Capital - interest Labor - wages 26. Reasons for changes in supply include changes in ... prices for all goods sold in production technology production costs prices for other goods number of sellers 27. ?the income effect is that ... as the price decreases, more and more goods are bought, and vice versa, as the price increases, fewer and fewer goods are bought, as the price decreases, fewer and fewer goods are sold, and as prices increase, more and more goods are sold; consumers replace the consumption of expensive goods with cheaper ones; consumers increase consumption when their income increases and reduce it when their income decreases 28. Economic theory identifies certain types of tax rates, such as proportional preferential regressive progressive 29. Hidden inflation manifests itself in a decrease in the number of goods that can be purchased with the same amount of money as before inflation; an increase in the number of goods that can be purchased with the same amount of money as before inflation; rising prices; falling prices 30. In in the short term, the financial result of a firm - a perfect competitor may be... there may be a profit, there may be a loss, there may be zero profit, there may be a profit and a loss.

Description of the product "Fundamentals of Economic Theory. Synergy Test 2021":

This product is a file with answers to an economic theory test conducted in 2021 by Synergy. The test contained 15 questions covering various aspects of the economy, such as economic union, business cycles, supply and demand, government regulation of the economy, and others. The buyer receives a file with the correct answers to all test questions, highlighted in color. Issues include the definition of an economic union, types of cycles, seller surplus, directive government planning, government anti-inflationary regulation, various types of elasticities, customs union, dual monopoly, externalities and export quotas.

Answers to the test questions can be useful to students of economics, as well as anyone who is interested in economics and wants to test their knowledge.

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Fundamentals of Economics is a study guide that helps the reader understand the basic principles of economics. The book covers topics such as micro- and macroeconomics, economic growth, inflation, unemployment, taxes, international trade, economic policy and others.

The Synergy Test 2021 is additional material to the textbook that will help you test your knowledge of economic theory and prepare for exams. The test contains questions of varying difficulty, as well as explanations for the answers.

General information about the book and the Synergy 2021 test allows us to conclude that this product can be useful to students of economics, as well as anyone who is interested in economics and wants to expand their knowledge in this area.

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