Service

Chat Now

The study of economics can help us be a smarter voter better understand the impacts of public policies

The study of economics can help us be a smarter voter better understand the impacts of public policies

The study of economics can help us:

A. be a smarter voter.

B. better understand the impacts of public policies.

C. make the best choices around how to spend our time and money.

D. All of these are true.

2.Economics is the study of:

A. the government's decision making process.

B. why state and federal governments disagree.

C. the study of how people manage resources.

D. All of these are true.

3.The principles of economics can explain:

A. why people choose to work or go to college.

B. why a country might prosper.

C. why the value of money changes over time.

D. Economics can explain all of these things.

4.Decisions about how to allocate resources are made by:

A. individuals.

B. businesses.

C. governments.

D. Resource allocation decisions are made by all of these.

5.Which of the following statements best describes the study of economics?

A. Economics studies how the Federal Reserve handles fluctuation in business cycles.

B. Economics studies how individuals and groups manage resources.

C. Economics studies how people maximize returns in the stock market.

D. Economics studies how governments determine appropriate tax rates.

6.Alan could apply the principles of economic decision making to:

A. decide how to spend his paycheck.

B. which girl to marry.

C. what to have for dinner.

D. All of these are true.

7.Which of the following is not considered an economic resource?

A. Real estate

B. Personal relationships

C. Cash

D. These are all examples of a resource.

8.The two broad fields that make up the subject of economics are:

A. microeconomics and macroeconomics.

B. personal investments and business investments.

C. fiscal policy and monetary policy.

D. imports and exports.

9.Which of the following could be considered microeconomic issue?

A. The local university decides to raise tuition for online course offerings.

B. Zimbabwe has experienced a decline in inflation.

C. The economic growth rate was reported at 2.4 percent in the first quarter of 2013 for the United States.

D. The unemployment rate in Greece is 22.8 percent.

10.Which of the following could be considered a microeconomic issue?

A. A family decides to drive their child to school instead of relying on a school bus.

B. Apple releases a new version of the iPhone.

C. Coors Light packages alcohol in bottles that turn blue when cold.

D. All of these are examples of microeconomic issues.

abhinav behal 15-Feb-2020

Answer (UnSolved)

question Get solution