Deneme Sınavı Soruları

What will be the shape of the price-consumption curve between X and Y when the goods are complements?

y=a+bx+cw+dz

Which of the following gives us an information on what extent x affects y separately?

Which of the following correctly specifies the price elasticity of demand?

Which below is one of the three common properties in all models in economics according to Nicholson and Snyder?

The good Y is a ........ good as the Engel Curve is ...... sloped for good Y.

Which of the following is/are the reason(s) why the behavior of firms important? Why is it important to know how firms behave?

1. to predict the effects of productivity growth on the levels of output, prices, and employment
2. to analyze why there are only a few firms in a given sector
3. to analyze how the income distribution may change as a results of a decline in the number of firms in the market

Which curve represents all combinations of commodity bundles that provide
the same level of satisfaction to a consumer?

Ford offered a 20% discount off the average list price of Egea model in December. This reduction in price increased the sales of Egea model by 40% over the previous month’s level. 

What is the price elasticity of demand for Egea model?

The drugs to treat cancer have a very low income elasticity, often much closer to _______ , making them ________ .

I)   For normal goods quantity demanded increases (decreases) as income increases (decreases).
II)  For inferior goods quantity demanded decreases (increases) as income increases (decreases).
III) Beveridge Curve relates the quantity of good demanded to income.

Which of the statements given above is not true about demand curve?

..... is the responsiveness of the dependent variable to the change in the independent variable.  It measures the responsiveness of dependent variable (y) to the changes in independent variable (x).

Which of the following represents a basket of various combinations of goods and services that the consumer wants to consume?

With how many basic  axioms about the consumer preferences can we start the theory of consumer behaviour?

Which of the following is/are true of production function?

1. Production function is the functional relationship between the quantities of output and inputs
2. Production function determines the behavior of a firm
3. There are different types of production functions and the choice depends on the characteristics of technology and the modeling approach under consideration
4. For sectoral production functions, only gross output is used as the output measure.

Which of the following is used by economists to explain an economic or social phenomenon?

I. In the case of labor augmenting change, capital becomes more productive.

II. In the case of neutral change, total factor productivity increases.

III. In the case of capital augmenting change, labor becomes more productive.

What can be said to be true about technological changes?

I) Price-Consumption Curve is the set of utility-maximizing commodity bundles traced out as the price of one commodity changes, ceteris paribus.

II) A change in the demand is the movement along the demand curve.

III) A change in the quantity demanded the shift of the entire demand curve

Which of the following is true for demand curve?

Which of the following is not one of the rules of taking derivatives?

What is the assumption allows us to separate the effect of variable of interest from other possible related variables called?

What would one call the goods when the price of one decreases, the demand of the other increases?