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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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Investment has a negative effect on output.
Select one:
True
False
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