15. Which of the following is an instrument of monetary policy? adjustment of Value Added Tax rates an incomes policy changing the rate of interest introduction of import restrictions А. В. С. [1] D. The retail price index of a country rose during a year from 200 to 240. What was the annual rate of inflation? 16. A. 20% В. С. 40% 240% [1] D. 440% 17. What increase might cause the surplus on the current account of The Bahamas to increase? purchases of cars from Japan spending by Bahamians on holidays in Cuba spending by tourists in Bahamian hotels the transport of Bahamian goods in United States' ships A. В. С. D. [1] 18. The diagram shows the supply curve for a good. 4 Price 24 (S) 10 20 30 Quantity (units) What is the price elasticity of supply for this good when the price rises from $2 to $4? A. 0.2 В. 0.5 С. 1 D. [1] |Turn over
15. Which of the following is an instrument of monetary policy? adjustment of Value Added Tax rates an incomes policy changing the rate of interest introduction of import restrictions А. В. С. [1] D. The retail price index of a country rose during a year from 200 to 240. What was the annual rate of inflation? 16. A. 20% В. С. 40% 240% [1] D. 440% 17. What increase might cause the surplus on the current account of The Bahamas to increase? purchases of cars from Japan spending by Bahamians on holidays in Cuba spending by tourists in Bahamian hotels the transport of Bahamian goods in United States' ships A. В. С. D. [1] 18. The diagram shows the supply curve for a good. 4 Price 24 (S) 10 20 30 Quantity (units) What is the price elasticity of supply for this good when the price rises from $2 to $4? A. 0.2 В. 0.5 С. 1 D. [1] |Turn over
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Can you answer questions 15,16,17,18 state why you chose those answers
![-5-
15.
Which of the following is an instrument of monetary policy?
adjustment of Value Added Tax rates
an incomes policy
changing the rate of interest
introduction of import restrictions
А.
B.
С.
[1]
D.
The retail price index of a country rose during a year from 200 to 240. What was the annual rate of
inflation?
16.
A.
20%
В.
40%
С.
240%
[1]
D.
440%
17.
What increase might cause the surplus on the current account of The Bahamas to increase?
purchases of cars from Japan
spending by Bahamians on holidays in Cuba
spending by tourists in Bahamian hotels
the transport of Bahamian goods in United States' ships
A.
В.
С.
D.
[1]
18.
The diagram shows the supply curve for a good.
Price
(S)
10
20
30
Quantity (units)
What is the price elasticity of supply for this good when the price rises from $2 to $4?
А.
0.2
В.
0.5
С.
1
D.
[1]
587110
[Turn over](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F916098a2-ad10-4836-94b8-713cfd62e150%2F9de4dbaa-61e8-4f9f-b41d-7a4a2c896c03%2Fh04uowe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:-5-
15.
Which of the following is an instrument of monetary policy?
adjustment of Value Added Tax rates
an incomes policy
changing the rate of interest
introduction of import restrictions
А.
B.
С.
[1]
D.
The retail price index of a country rose during a year from 200 to 240. What was the annual rate of
inflation?
16.
A.
20%
В.
40%
С.
240%
[1]
D.
440%
17.
What increase might cause the surplus on the current account of The Bahamas to increase?
purchases of cars from Japan
spending by Bahamians on holidays in Cuba
spending by tourists in Bahamian hotels
the transport of Bahamian goods in United States' ships
A.
В.
С.
D.
[1]
18.
The diagram shows the supply curve for a good.
Price
(S)
10
20
30
Quantity (units)
What is the price elasticity of supply for this good when the price rises from $2 to $4?
А.
0.2
В.
0.5
С.
1
D.
[1]
587110
[Turn over
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