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MECH2660 W3

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1.
1 point
What is WTP?
2.
1 point
What is Actual Captured Value?
3.
1 point
What is Microeconomics about (I)?
4.
1 point
What are the two traditional policies on how to manage Macroeconomics?
5.
1 point
Wrt Market structures, what is a Oligopsony?
6.
1 point
Wrt Market structures, what is a Monopsony?
7.
1 point
What is OC?
8.
1 point
Macroeconomic challenges for Australia (C/S/I/R)?
9.
1 point
Wrt Market structures, what is a Duopoly?
10.
1 point
The supply and demand assumption wrt markets usually holds
11.
1 point
Four main terms are 'thrown around’ wrt economics (C/B/D/G)?
12.
1 point
Wrt Cost Concepts, what are Marginal costs?
13.
1 point
How often do recessions tend to happen?
14.
1 point
Economic growth is a measure of what?
15.
1 point
Who controls/drives Planned economies?
16.
1 point
Changes in what things cause changes in Supply and Demand (PC/I/T/D/G/N)?
17.
1 point
Governments (and independent authorities) have a significant impact of macroeconomic activity
18.
1 point
Wrt Cost Concepts, what are Fixed costs?
19.
1 point
Wrt Cost Concepts, what are Variable costs?
20.
1 point
Wrt Cost Concepts, what are Average total costs?
21.
1 point
What is Fiscal policy?
22.
1 point
Wrt Market structures, what is Perfect competition?
23.
1 point
What is a Third degree market segmentation?
24.
1 point
Wrt Market structures, what is a Oligopoly?
25.
1 point
Wrt Cost Concepts, what are Total costs?
26.
1 point
Mass market decisions are simple
27.
1 point
What is a Second degree market segmentation?
28.
1 point
How many periods of negative economic growth does it take to be considered in a recession?
29.
1 point
The general population isn’t effected by interest rates
30.
1 point
Wrt Market structures, what is a Monopolistic competition?
31.
1 point
What is Macroeconomics about (G/B)?
32.
1 point
Who controls/drives Laissez-faire economies?
33.
1 point
Who controls/drives Mixed economies?
34.
1 point
How many hours do you have to work to be considered employed in Australia?
35.
1 point
What does the supply and demand assumption (wrt markets) imply?
36.
1 point
What is Monetary policy?
37.
1 point
Economic cycles are inevitable
38.
1 point
Main drivers of the Australian economy (M/H/I/M/A)?
39.
1 point
Supply and Demand assumes what about markets?
40.
1 point
What two things form the foundation for microeconomic analysis of a market?
41.
1 point
Does the government run a lot of core industries in Australia?
42.
1 point
What is a First degree market segmentation?
43.
1 point
List some Macroeconomic indicators (4 rates (I/I/E/U)+ W/R/B/T/C/D/G/I/B):
44.
1 point
Wrt Market structures, what is a Monopoly?
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