Question 1

Nuclear power in the United States turned out to be

Accepted Answer

A)  a boon to the economy. 
B)  well worth the time and investment. 
C)  far more expensive and troublesome than expected. 
D)  a hazard-free source of limitless power. 
A)  a boon to the economy. 
B)  well worth the time and investment. 
C)  far more expensive and troublesome than expected. 
D)  a hazard-free source of limitless power.

Question 2

Which of the following is presented in the text as an issue about which reputable economists might disagree?

Accepted Answer

A)  Whether unemployment rose significantly during the Great Recession. 
B)  Whether the government should provide more scholarship funds. 
C)  The impact on the federal budget of an increase in military spending. 
D)  The definition of a market transaction. 
A)  Whether unemployment rose significantly during the Great Recession. 
B)  Whether the government should provide more scholarship funds. 
C)  The impact on the federal budget of an increase in military spending. 
D)  The definition of a market transaction.

Question 3

Most economists agree on the amount of government intervention necessary in an economy.

Accepted Answer

A) True 
 B)False

Question 4

Globalization is the increasing exchange of goods,services,ideas,and people among a small community.

Accepted Answer

A) True 
 B)False

Question 5

What was the impact of "subprime" mortgages on the economy?

Accepted Answer

A)  They reduced interest rates. 
B)  They increased defaults and caused large losses at financial institutions. 
C)  They had a positive impact on economic growth. 
D)  They initially reduced profits and sales of lenders. 
A)  They reduced interest rates. 
B)  They increased defaults and caused large losses at financial institutions. 
C)  They had a positive impact on economic growth. 
D)  They initially reduced profits and sales of lenders.

Question 6

Technological change has always been the critical factor in raising living standards,even going as far back as the development of the __________.

Accepted Answer

A)  steam engine 
B)  iPod 
C)  bicycle 
D)  fluorescent light 
A)  steam engine 
B)  iPod 
C)  bicycle 
D)  fluorescent light

Nuclear power in the United States turned out to be

Which of the following is presented in the text as an issue about which reputable economists might disagree?

Most economists agree on the amount of government intervention necessary in an economy.

Globalization is the increasing exchange of goods,services,ideas,and people among a small community.

What was the impact of "subprime" mortgages on the economy?

Technological change has always been the critical factor in raising living standards,even going as far back as the development of the __________.

Demand and Supply: The Basics of the Market Economy

Market Equilibrium and Shifts

How Businesses Work

Competition and Market Power

Government and the Economy

The First Step Into Macroeconomics

Inflation

Growth

Business Cycles, unemployment and Inflation

Fiscal Policy

Monetary Policy

The Financial Markets

International Trade

Technological Change

Economics of the Labor Market

The Distribution of Income

Economics of Retirement and Healthcare

Economics of Energy, the Environment, and Global Climate Change Glossary

Filters

Exam 1: Introduction

Nuclear power in the United States turned out to be

Which of the following is presented in the text as an issue about which reputable economists might disagree?

Most economists agree on the amount of government intervention necessary in an economy.

Globalization is the increasing exchange of goods,services,ideas,and people among a small community.

What was the impact of "subprime" mortgages on the economy?

Technological change has always been the critical factor in raising living standards,even going as far back as the development of the __________.

Demand and Supply: The Basics of the Market Economy

Market Equilibrium and Shifts

How Businesses Work

Competition and Market Power

Government and the Economy

The First Step Into Macroeconomics

Inflation

Growth

Business Cycles, unemployment and Inflation

Fiscal Policy

Monetary Policy

The Financial Markets

International Trade

Technological Change

Economics of the Labor Market

The Distribution of Income

Economics of Retirement and Healthcare

Economics of Energy, the Environment, and Global Climate Change Glossary

Filters