Which type of gov. intervention promotes market competition?
A. transfer payments B. antitrust laws C. public libraries D. price regulation
100
A. oligopoly
Interdependence and price wars characteristic of firms in which kind of market structure?
A. oligopoly
B. monopoly
C. perfect competition
D. monopolistic competition
100
Macroeconomic theories are scientific theories that have been devised to provide insight into the workings of the macroeconomy. They are primarily designed to explain how and why the level of gross domestic product changes, but they usually have direct implications for unemployment and inflation, as well.
What is the theory of macroeconomics?
100
D. a free trade agreement
Which of the following is not a trade barrier? A. a tariff B. a quota C. an embargo
D. a free trade agreement
100
economics
_____ is the study of the decisions that go into making, distributing, and using goods and services.
200
Markets are usually a good way to organize economic activity. ... A country's standard of living depends on its ability to produce goods and services. Prices rise when the government prints too much money. Society faces a short-run tradeoff between Inflation and unemployment.
What is the basic principle of economics?
200
B. sole proprietorship
Which type of business organization has the advantage of specialization, but the disadvantage of unlimited liability? A. corporation B. sole proprietorship C. partnership
D. oligopoly
200
In macroeconomics, a variety of economy-wide phenomena is thoroughly examined such as, inflation, price levels, rate of growth, national income, gross domestic product and changes in unemployment.
What is the focus of macroeconomics?
200
C. imports are cheaper for Americans to buy
One advantage of a weak dollar is that? A. travel abroad is cheaper for Americans
B. American income tax rates go down C. imports are cheaper for Americans to buy D. American exports increase
200
goals
Getting a college education, buying a car, and starting a business are examples of _____.
300
here needs to be a demand for this product; in other words, consumers need to want this good or service.
What Goods and Services Will Be Produced?
300
price elasticity of demand
THe responsiveness of consumers to a price change is measured by a product's _____.
300
A macroeconomic model is an analytical tool designed to describe the operation of the economy of a country or a region.
What is the macroeconomic model?
300
United States of america
Which nation has a comparative advantage in making shoes? A. U.S.A B. Brazil C.both D. neither
300
determining your current financial situation
The first step of developing a personal financial plan is _____.
400
Command
In which type of economic system does the gov. control all economic resources and answer all economic questions?
A. command B. market C.mixed D.traditional
400
B. save it
Money serves as a store of value because you can?
A. spend it B. save it C. compare prices D. receive wages
400
B. the dollar
Which currency appreciated in value from 2006 to 2007? A. the euro B. the dollar C. both D. neither
400
international trade studies goods-and-services flows across international boundaries from supply-and-demand factors, economic integration, international factor movements, and policy variables such as tariff rates and trade quotas.
What does international do to the economy?
400
A. personal income taxes
THe best example of a regressive tax in the United States is? A. personal income taxes B. sales taxes
C. luxury taxes
D.property taxes
500
B. buying new machines for production
Which of the following is an example of capital investment for a manufacturing company? A. hiring workers for its factories
B. buying new machines for production C. renting office space for managers
D. buying ad space in magazines
500
Microeconomics is of three types.
Micro statics
Comparative micro statics
Micro dynamics
What is the different types of Microeconomics
500
Macroeconomic policy is usually implemented through two sets of tools: fiscal and monetary policy. Both forms of policy are used to stabilize the economy, which can mean boosting the economy to the level of GDP consistent with full employment.
What are the macro economic policies?
500
A. USA
Which nation has absolute advantage in making shoes? A. USA B. Brazil
500
D. property taxes
What is the best example of regressive tax in the United States? A. personal income taxes B. sales taxes C. luxury taxes D. property taxes