Select one: allocation of scarce resources b. unemployment c.

please help me with these multiple choice questions.please

Economics attempts to solve a wide variety of problems, including:

Select one:

a. allocation of scarce resources

b. unemployment

c. inflation

d. all of the above

e. none of the above

Question 2Question text

Economic systems include all except:

Select one:

a. capitalist system

b. command system

c. traditional system

d. esteem system

e. market system

Question 3

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Major goals of economic policy in the USA include all but:

Select one:

a. price stability

b. full employment

c. economic growth

d. random balances

e. environmental standards

Question 4

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Basic concepts of economics may include all but:

Select one:

a. market equilibrium

b. supply and demand

c. market dividers

d. marginal measures

e. use of graphs and equations

Question 5

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Market measures in microeconomics include all but:

Select one:

a. marginal revenue

b. marginal error

c. marginal cost

d. marginal profit

e. marginal revenue product

Question 6

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A shift in demand schedule can be caused by all but:

Select one:

a. an increase in consumer income

b. a stable market economy

c. a decrease in consumer income

d. an increase in the price of commodity

e. a decrease in the price of commodity

Question 7

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Fundamental macroeconomic concepts include all except:

Select one:

a. unemployment and full employment

b. inflation

c. money

d. horizontal flow

e. the business cycle

Question 8

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Functions of money can include all except:

Select one:

a. standard of deferred payment

b. unit of account (price quote)

c. surplus commodity

d. store of value

e. medium of exchange

Question 9

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Commodity money refers to all but:

Select one:

a. gold

b. shells

c. services

d. cows

e. tobacco

Question 10

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Basic forms of business are

Select one:

a. corporation

b. partnership

c. proprietorship

d. all the above

e. none of the above

Question 11

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Types of unemployment include all but:

Select one:

a. current unemployment

b. frictional unemployment

c. structural unemployment

d. cyclical unemployment

e. seasonal unemployment

Question 12

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Keys to measuring economic activity include all but:

Select one:

a. Gross domestic product

b. price indexes

c. measures of land usages

d. measure of unemployment

e. meausres of money supply

Question 13

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Other types of national income accounting concepts include all but:

Select one:

a. net national product

b. national income

c. personal income

d. lost income

e. disposable income

Question 14

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Measures of money supply can include all except:

Select one:

a. euro dollars

b. money market mutual fund shares

c. repurchase agreements

d. trade deficits

e. savings (time) deposits

Question 15

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Equilibrium outputs and income is the income level at which:

Select one:

a. savings and investments are equal

b. the total output of goods and services equals the total quantity of goods and services demanded.

c. which aggregate supply equals aggregate demand.

d. all the above

e. none of the above

Question 16

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The object of economics is to allocate abundant resources among competing activities effectively.

Select one:

True

False

Question 17

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The economy consists of two primary sectors: foreign and domestic.

Select one:

True

False

Question 18

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Economic decisions are based on marginal analysis of output, revenue, profit, and so on.

Select one:

True

False

Question 19

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Money is used to buy goods and services and serves as a basis to make an exchange.

Select one:

True

False

Question 20

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Unemployment is the availability of jobs for people able and willing to work.

Select one:

True

False

Question 21

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 Inflation means a general rise in the price level.

Select one:

True

False

Question 22

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Gross domestic product (GDP) measures the value of all goods and services produced in the economy. 

Select one:

True

False

Question 23

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Price indexes are used to measure inflation.

Select one:

True

False

Question 24

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The largest component of total spending is consumption.

Select one:

True

False

Question 25

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Question text

Investment has a negative effect on output.

Select one:

True

False







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