not the amount produced slightly changes with the price.the amount consumed slightly changes with the price.
0%
not temporarily stop paying debts.receive credit in an emergency.
0%
not the balance of trade with other countries.any economic growth or shrinkage.
0%
not any money received at any time.an amount received in a specific period.
Q.2.
It costs Cool Clothes Company $15 to produce one pair of jeans, but they needed to discontinue production of shirts to focus on jeans. The $15 and discontinuation of shirt production are represented by which of the following sets of terms?
0%
reducing the risk for consumers.
0%
the US dollar has become stronger in value.
0%
not total supply.total output.
0%
production cost; opportunity cost
Q.3.
A mixed-market economy is one in which
0%
there are strict limits on economic choice.
0%
finding customers in other countries.
0%
not short-term goal.net income.
0%
A scholarship is aid given to a student by an institution.
Q.4.
Jacob is considering buying a new car. Which nonrenewable resource should influence the decision?
0%
labor
0%
kept by banks for a longer time period.
0%
$645.00
0%
index
Q.5.
Total output is a synonym for
0%
a serious depression.
0%
not W-2 form.tax return.
0%
not gross domestic product.aggregate supply.
0%
not excise tax.income tax.
Q.6.
The higher a country's gross domestic product (GDP), the more likely it is that the country
0%
kept by banks for a longer time period.
0%
not It transfers to new owners.It continues in business.
0%
an office manager or warehouse manager.
0%
not is wealthy.is developed.
Q.7.
Which best describes how advertising influences consumer choice in an oligopoly?
0%
not Which best describes why a company issues stocks?to raise capital
0%
not to limit the sale of foreign goodsto discourage consumers from purchasing foreign goods
0%
not Advertising coaxes people to buy new products.Advertising undermines competition.
0%
not temporarily stop paying debts.receive credit in an emergency.
Q.8.
Which best describes why governments enact tariffs?
0%
A scholarship is aid given to a student by an institution.
0%
not to limit the sale of foreign goodsto discourage consumers from purchasing foreign goods
0%
not It transfers to new owners.It continues in business.
0%
not Which best describes why a company issues stocks?to raise capital
Q.9.
Though it is seen as a last resort, bankruptcy allows a consumer to
0%
not Advertising coaxes people to buy new products.Advertising undermines competition.
0%
not temporarily stop paying debts.receive credit in an emergency.
0%
not It transfers to new owners.It continues in business.
0%
not Which best describes why a company issues stocks?to raise capital
Q.10.
If it becomes less expensive to travel overseas from the United States, American tourists are benefiting from the fact that
0%
not It transfers to new owners.It continues in business.
0%
not a savings and loana retail bank
0%
kept by banks for a longer time period.
0%
the US dollar has become stronger in value.
Q.11.
Which is the best definition of hyperinflation?
0%
not It transfers to new owners.It continues in business.
0%
a gradual expansion in the price of goods and services
0%
not Which best describes why a company issues stocks?to raise capital
0%
not to limit the sale of foreign goodsto discourage consumers from purchasing foreign goods
Q.12.
A low trough is indicative of
0%
not gross domestic product.aggregate supply.
0%
not excise tax.income tax.
0%
lack of resources
0%
a serious depression.
Q.13.
This graph demonstrates how
0%
not to limit the sale of foreign goodsto discourage consumers from purchasing foreign goods
0%
not gross domestic product.aggregate supply.
0%
not Advertising coaxes people to buy new products.Advertising undermines competition.
0%
not the amount produced slightly changes with the price.the amount consumed slightly changes with the price.
Q.14.
A certificate of deposit pays a higher interest rate than a savings account because the money is
0%
reduced government spending
0%
finding customers in other countries.
0%
kept by banks for a longer time period.
0%
not It transfers to new owners.It continues in business.
Q.15.
Economists use GDP to measure
0%
not the balance of trade with other countries.any economic growth or shrinkage.
0%
not to limit the sale of foreign goodsto discourage consumers from purchasing foreign goods
0%
not any money received at any time.an amount received in a specific period.
0%
not Which best describes why a company issues stocks?to raise capital
Q.16.
Which best describes what happens to a corporation after its owners retire?
0%
not to limit the sale of foreign goodsto discourage consumers from purchasing foreign goods
0%
not Advertising coaxes people to buy new products.Advertising undermines competition.
0%
not It transfers to new owners.It continues in business.
0%
not Which best describes why a company issues stocks?to raise capital
Q.17.
If a computer costs $600.00 and the sales tax rate is 7.5 percent, what is the total cost of the computer?
0%
$645.00
0%
kept by banks for a longer time period.
0%
inelastic
0%
reduced government spending
Q.18.
Demand-pull inflation occurs when
0%
not Which best describes why a company issues stocks?to raise capital
0%
not any money received at any time.an amount received in a specific period.
0%
not the price of goods rises suddenly and extremely fast.consumers show an interest in purchasing more goods.
0%
not temporarily stop paying debts.receive credit in an emergency.
Q.19.
What is the role of the three questions of economics?
0%
changes in production and demand
0%
to aid in production decisions
0%
interest is paid over a year.
0%
sacrifice profits for less risk.
Q.20.
What is one cause of scarcity?
0%
lack of resources
0%
not excise tax.income tax.
0%
a serious depression.
0%
not W-2 form.tax return.
Q.21.
An annual percentage rate, or APR, represents how much
0%
to aid in production decisions
0%
government spending.
0%
sacrifice profits for less risk.
0%
interest is paid over a year.
Q.22.
Market performance in the United States is tracked using stock , which use formulas to calculate price changes.
0%
index
0%
labor
0%
inelastic
0%
$645.00
Q.23.
Daryl would like to open new checking and savings accounts. One of his primary concerns is avoiding bank fees. Which type of banking institution is most suitable for Daryl?
0%
not short-term goal.net income.
0%
the US dollar has become stronger in value.
0%
not total supply.total output.
0%
not a savings and loana retail bank
Q.24.
In a competitive market, a computer store offers customers a warranty to help pay for any future damages. This is an example of
0%
reducing the risk for consumers.
0%
installment; installment
0%
the US dollar has become stronger in value.
0%
production cost; opportunity cost
Q.25.
John Maynard Keynes developed new economic theories in response to the
0%
Great Depression of the 1930s.
0%
decreases.
0%
He was a philosopher who promoted the idea of free enterprise.
0%
not make many businesses more competitive.keep more qualified workers from being hired.
Q.26.
Which best describes why a company issues stocks?
0%
not Which best describes why a company issues stocks?to raise capital
0%
not Advertising coaxes people to buy new products.Advertising undermines competition.
0%
a gradual expansion in the price of goods and services
0%
not It transfers to new owners.It continues in business.
Q.27.
In which situation would a savings account be the best investment to earn interest?
0%
saving in July to buy holiday gifts in a few months
0%
a gradual expansion in the price of goods and services
0%
A scholarship is aid given to a student by an institution.
0%
an office manager or warehouse manager.
Q.28.
When artists pass away, the supply of their paintings most likely becomes
0%
inelastic
0%
interest is paid over a year.
0%
not alwaysas required
0%
labor
Q.29.
An interest in supervising other workers would be useful for someone who wanted to become
0%
not is wealthy.is developed.
0%
kept by banks for a longer time period.
0%
not It transfers to new owners.It continues in business.
0%
an office manager or warehouse manager.
Q.30.
Gross domestic product (GDP) is the value of goods and services produced in a country annually. It can best be described as measuring an economy's
0%
not total supply.total output.
0%
installment; installment
0%
not alwaysas required
0%
not a savings and loana retail bank
Q.31.
This document is part of a
0%
not W-2 form.tax return.
0%
not alwaysas required
0%
not gross domestic product.aggregate supply.
0%
not excise tax.income tax.
Q.32.
Which statement best explains a scholarship?
0%
a gradual expansion in the price of goods and services
0%
not Which best describes why a company issues stocks?to raise capital
0%
A scholarship is aid given to a student by an institution.
0%
not It transfers to new owners.It continues in business.
Q.33.
The law of supply states that as the price of a good declines, the quantity supplied of that good
0%
not is wealthy.is developed.
0%
inelastic
0%
decreases.
0%
not make many businesses more competitive.keep more qualified workers from being hired.
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