Nama : VUNGKI RAHAYU

NIM : 031123918
Prodi : 51|ADMINISTRASI BISNIS
Mata Kuliah : ADBI4201

Tugas.1

Tugas 1 of Module 1, 2 and 3

Choose the right answer for the following?

1. What do the econometricians search when they crunch date?

Answer : Euro-zone function

2. Under what auspices when sanctions are multilateral?

Answer : The United Nations

3. How big the sanctions between 1914-1990 failed to achieve their stated goals?
Answer : Between 1914 and 1990 there were 116 occasions on which various countries
imposed economic sanctions. Two-thirds (2/3) of these failed to achieve their stated
goals.

4. What does Thomas Carlyle think about economics?

Answer : The “dismal science”, according to Thomas Carlyle, a 19th-century Scottish
writer. It has been described in many ways, few of them flattering. The most concise,
non-abusive, definition is the study of how society uses its scarce resources

5. The benefit of efficiency wages is to…..

Answer : Increase the workers

6. If the goods are complementary goods the cross elasticity will be….
Answer : Negative
7. As people’s income rises, they spend their budget on food…….
Answer : Smaller

8. What is the aim of deregulation?

Answer : Economic deregulation occurs when the government removes or reduces the
restrictions in a particular industry to improve business operations and increase
competition

9. What does deposit insurance reduce?

Answer : By reassuring banks' customers that their cash is protected, deposit insurance
aims to prevent them from panicking and causing a bank run, and thereby
reduces Systemic Risk

10. A slump is where output falls by at least…

Answer : A slump is where output falls by at least 10%

11. When public spending exceeds government revenue…..

Answer : a budget deficit occurs

12. According to Krugman, international trade is….

Answer : whereas international trade, Mr Krugman argued, is not a Zero-Sum Game;
when two countries compete through trade they both win.

13. In the capital market equilibrium was determined by…

Answer : Changes in the rate of interest

14. By 2003 how many winners of the Nobel Prize for Economics come from University of
Chicago?
Answer : By 2003, boasted the University of Chicago, some 22 of 49 then winners of the
Nobel Prize for Economics had been faculty members, students or researchers there

15. What is the basis of all brand values?

Answer : Consumer Trust is the basis of all brand values