Assessment 2-1
Assessment 2-2
Assessment 2-3
Mitrela 1
Miterla 2
100
Which of the following would not be included in GPD? a.Exports to other countries b.Purchases of computers by government c.Automobiles purchased d.Dinner perparation
What is dinner perparation for your family.
100
True or false. Deflation results in lower buying power of money.
What is true
100
Equity refers to?
What is owner ship to a company or other assets.
100
Companies located in the Research Triangle Park reported that they have hired many graduates who have earned technology degrees from the local community college. Which resource will the graduates provide for the companies? A. Capital B. Human C. Natural D. Service
What is human
100
If an economist researches annually the total value of homes built, this information would be useful for which measurement of economic activities? A. Consumer spending B. GDP C. Investment activities D. Labor activities
What is GPD
200
Productivity would likely increase as a result of?
What is higher taxes.
200
True or false when a consumer increase their borrowing, interest rates tend to decline.
What is false
200
Widgets Unlimited Company examined several options of additional benefits to offer its employees. The company has decided to offer health care insurance. Which part of the economic decision-making process has it performed? A. Defining the problem B. Evaluating the advantages and disadvantages of each choice C. Choosing one choice D. Acting on a choice
What is choosing one choice
200
When a government agency reports annually the total amount spent to pay employees, this information is useful for which measurement of economic activities? A. Consumer spending B. GDP C. Investment activities D. Labor activities
What is GPD
300
Retail sales include
What is taxes collected
300
The phase of the business cycle in which unemployment is highest is?
What is depression
300
budget surplus is?
What is when a government spends less then it takes in.
300
Which is an example of a company establishing supply? A. Ann Express Shipping Company trains all new managers at its district offices. B. Pamolive Detergent Company produces fewer products. C. Reebok footwear company trying to lease a warehouse. D. Sears Department Store promotes a family-oriented atomshphere.
What is B
300
In a hypothetical economy, only 40 people were included and 15 pizzas were produced last year at $7 dollars each. This information would be useful for which measurement of economic activities? A. Consumer spending B. GDP C. GDP per capita D. Labor activities
What is GPD per capita
400
Unemployment rate is?
What is the portion of people in the working force who are not working.
400
Price index is?
What is a number that compares prices in one year with some earlier base year.
400
Budget deficit is?
What is when a government spends more then it takes in.
400
Goya Food Company survey results revealed that their customer base consists mostly of large families instead of individuals living alone. Which economic question does this address? A. For whom to produce? B. How to produce? C. What to produce? D. When to produce?
What is For whom to produce
400
4. Due to decreasing enrollment in a local school system, fewer teachers as employees are needed. As a result, over 100 teachers were released from their commitments. This information would be useful for which measurement of economic activities? A. Consumer spending B. GDP C. GDP per capita D. Labor activities
What is Labor activites
500
Productivity is?
What is production output in realition to a unit of input, such as a worker.
500
Deflation is
What is a decrease in the general level of prices.
500
National debt is.
What is the total amount owed by the federal government is called the national debt.
500
Eddie decided he would use real butter for his baked goods. Which economic question does this address? A. For whom to produce? B. How to produce? C. What to produce? D. When to produce?
What is How to produce
500
A cosmetic company purchased an automatic wrapping machine that wraps a pallet of boxes in 30 seconds. To complete the same task manually, it would take an employee almost 3 minutes. This information would be useful for which measurement of economic activities? A. Consumer spending B. GDP C. GDP per capita D. Labor activities
What is Labor activites
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