In Oman, due to Covid 19 problems, there was an inflation in prices. Based on the given information, select the economic force which affected Oman. O a. Competition force O b. Macroeconomic force O c. None of the options O d. Microeconomic force
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- QUESTION 19 Mohamed says that "gas prices are rising because there aren't enough oil refineries." Ahmed argues that "gas prices are rising because of the growing demand for gasoline from China and India." We can conclude that O A. Mohamed's statement is positive, but O B. Ahmed's statement is positive, but Ahmed's is normative. OC.Both statements are positive. D. Both Mohamed's is normative. statements are normativeTime left 0:56:44 All of the following except one would increase the amount of a particular model of a Ford automobile that buyers would like to buy. Which is the exception? Select one: O a. an increase in buyers' incomes O b. increased prices of other Ford models an expected future increase in the price Ос. O d. a decrease in the price of steel an increase in the population O e. Next ge eg IMG_7969.jpeg JPEGQuèstion 16 any point under the production possibility frontier represent O unemployment O inflation O growth O efficiency
- The production possibility curve shows all the following except O a. Economic growth O b. The law of demand O c. The supply curve of 2 goods O d. The law of increasing opportunity cost O e. Inefficiency in production.5 The doctrine of comparative advantoge was first put forth by aved put of Select one: O a John Maynard Keynes b. David Ricardo O C. Adam Smith O d Ricky Ricardo Clear my choiceCould a nation be producing in a way that is allocatively efficient, but productively inefficient?
- In terms of economy, the visit by foreign nationals to witness the FIFA World Cup Qatar 2022 in Qatar will amounted to Select one: O a. Import O b. Consumption O c. Production O d. Export O e. None of theseThe following table shows the production possibilities for the country of Erewhon: A CDEF Wine 10 18 24 28 30 Cheese 40 28 18 10 4 0 What is the total cost of producing the first 10 units of wine? O a. 24 units of cheese O b. 28 units of cheese O c. 12 units of cheese O d. 6 units of cheese B.7) Refer to the Figure 3 below, the total emclency loss ls Figure 3 Price, P Pr Pw D D D' Quantity, O Select one: O AD+C O B.D+C+d OC.c+e O D.b+d
- Which of the following is NOT a concern for macroeconomics? O A. The level of unemployment caused by the COVID 19. B. The loss of economic output caused by COVID 19. O C. The change in the price level of alcohol-based hand sanitisers caused by COVID 19. O D. the change in the level of imports vs exports caused by COVID 19.Which of the following statements are normative and which are positive? 1. When the inflation rate rises, the unemployment rate falls. 2. We ought to drive our cars less and take public transportation more. 3. Goldfish are the best pets for children. 4. Sweatshop labour in third-world countries does not help those economies grow. O A. statements 1 and 4 are positive, statements 2 and 3 are normative O B. statements 1 and 2 are positive, statements 3 and 4 are normative OC. statements 3 and 4 are positive, statements 1 and 2 are normative D. statements 2 and 3 are positive, statements 1 and 4 are normativepring20 fall20 The Producer Price Index (PPI) is a Select one: a. price index measuring the changes in prices of all new goods and services produced in the economy. b. statistical measure of a weighted average of prices of a specific set of goods and services purchased by wage earners areas. O C. price index that tracks the price levee of commodities that firms purchase from other firms. O d. statistical measure of a weighted average of prices of commodities that firms produce and sell. Clear my choice