1-Given.. a.. competitive.. market.. equilibrium.. with.. normal.. supply.. and.. demand.. curves..: Select one or more: a. Firms are always price makers b. firms are price takers c. A rise in demand will lead to the possibility of an economic rent for some firms d. prices are fixed 2-Excess.. supply.. in.. a.. competitive.. market.. with.. no.. intervention.. Select one or more: a. Will lead to a rise in price b. Will lead to rationing c. Will lead to diseconomies of scale d. Will lead to a fall in price 3-Given.. labour.. market.. equilibrium.. with.. identical.. workers.., as.. set.. out.. in.. CORE.. Select one or more: a. Unemployment is always voluntary b. Workers who are involuntarily unemployed cannot gain a job at any wage c. A Nash equilibrium exists d. Measured unemployment will be zero 4-In.. the.. same.. model.. of.. the.. labour.. market.. as.. in.. the.. previous.. question.., Select one or more: a. A rise in labour supply will lead to a rise in wages b. Given a constant mark-up a rise in labour productivity will lead to higher wages c. A rise in product market competition will lead to a higher mark-up d. Equilibrium employment is given by the intersection of the wage and profit curves 5-The.. value.. of.. an.. ordinary.. share.. Select one or more: a. Will fall if future profit forecasts are higher than expected b. Is always at its fundamental value c. Can rise and fall along with market sentiment d. Will rise if a firm introduces some cost saving innovation
1-Given.. a.. competitive.. market.. equilibrium.. with.. normal.. supply.. and..
Select one or more:
a. Firms are always
b. firms are price takers
c. A rise in demand will lead to the possibility of an economic rent for some firms
d. prices are fixed
2-Excess.. supply.. in.. a.. competitive.. market.. with.. no.. intervention..
Select one or more:
a. Will lead to a rise in price
b. Will lead to rationing
c. Will lead to diseconomies of scale
d. Will lead to a fall in price
3-Given.. labour.. market.. equilibrium.. with.. identical.. workers.., as.. set.. out.. in.. CORE..
Select one or more:
a.
b. Workers who are involuntarily unemployed cannot gain a job at any wage
c. A Nash equilibrium exists
d. Measured unemployment will be zero
4-In.. the.. same.. model.. of.. the.. labour.. market.. as.. in.. the.. previous.. question..,
Select one or more:
a. A rise in labour supply will lead to a rise in wages
b. Given a constant mark-up a rise in labour productivity will lead to higher wages
c. A rise in product market competition will lead to a higher mark-up
d. Equilibrium employment is given by the intersection of the wage and profit curves
5-The.. value.. of.. an.. ordinary.. share..
Select one or more:
a. Will fall if future profit
b. Is always at its fundamental value
c. Can rise and fall along with market sentiment
d. Will rise if a firm introduces some cost saving innovation
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