Question 1

When interest rates are high, businesses like to borrow for investment.

Accepted Answer

A) True 
 B)False

Question 2

People engage in economic exchanges because no one individual can produce all that is needed or wanted.

Accepted Answer

A) True 
 B)False

Question 3

Taxes may be considered:

Accepted Answer

A)  additions to the circular flow 
B)  withdrawals from the economic flow 
C)  injections into the economic flow 
D)  as not affecting the economic flow 
A)  additions to the circular flow 
B)  withdrawals from the economic flow 
C)  injections into the economic flow 
D)  as not affecting the economic flow

Question 4

What forces prices down?

Accepted Answer

A)  Large consumer purchasing power 
B)  Elastic demand 
C)  Inelastic demand 
D)  Inferior products 
A)  Large consumer purchasing power 
B)  Elastic demand 
C)  Inelastic demand 
D)  Inferior products

Question 5

NAFTA binds which three countries into a single commercial entity?

Accepted Answer

A)  Mexico, Panama, Costa Rica 
B)  United States, Canada, Puerto Rico 
C)  United States, Canada, Mexico 
D)  United States, Cuba, Mexico 
A)  Mexico, Panama, Costa Rica 
B)  United States, Canada, Puerto Rico 
C)  United States, Canada, Mexico 
D)  United States, Cuba, Mexico

When interest rates are high, businesses like to borrow for investment.

People engage in economic exchanges because no one individual can produce all that is needed or wanted.

Taxes may be considered:

What forces prices down?

NAFTA binds which three countries into a single commercial entity?

Through the Lens of Science

In the Beginning

Culture Product and Guide to Life in Society

Group Interaction From Two to Millions

Becoming a Person the Birth of Personality

Deviance and Criminality the Need for Social Control

The Great Divide Ranking and Stratification

Minority Status Race and Ethnicity

Minority Status Age, Gender, and Sexuality

From the Plow to the Computer Change, Collective Behavior, and Social Movements

Population, Urbanization, and Environment

Pivotal Institutions Marriage and the Family

Pivotal Institutions Religion

Education

Government: the Institution and the Ideologies That Underlie It

The Government of the United States of America

Democracy in Action We, the People

The Economy Concepts and History

Nation Among Nations

Filters

Exam 19: Principles of Economic Behavior Microeconomics and Macroeconomics

When interest rates are high, businesses like to borrow for investment.

People engage in economic exchanges because no one individual can produce all that is needed or wanted.

Taxes may be considered:

What forces prices down?

NAFTA binds which three countries into a single commercial entity?

Through the Lens of Science

In the Beginning

Culture Product and Guide to Life in Society

Group Interaction From Two to Millions

Becoming a Person the Birth of Personality

Deviance and Criminality the Need for Social Control

The Great Divide Ranking and Stratification

Minority Status Race and Ethnicity

Minority Status Age, Gender, and Sexuality

From the Plow to the Computer Change, Collective Behavior, and Social Movements

Population, Urbanization, and Environment

Pivotal Institutions Marriage and the Family

Pivotal Institutions Religion

Education

Government: the Institution and the Ideologies That Underlie It

The Government of the United States of America

Democracy in Action We, the People

The Economy Concepts and History

Nation Among Nations

Filters