Practice EOC #2
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Last updated over 6 years ago
25 questions
1
The basic economic problem facing ALL societies is
The basic economic problem facing ALL societies is
1
Which sentence describes a rational economic decision?
Which sentence describes a rational economic decision?
1
Pablo starts a taxi cab business. He buys three taxi cabs, hires three drivers, and adverstises in the local newspaper. Which of his actions represents capital investment?
Pablo starts a taxi cab business. He buys three taxi cabs, hires three drivers, and adverstises in the local newspaper. Which of his actions represents capital investment?
1
Which government decision below demonstrates possible effects of deregulation?
Which government decision below demonstrates possible effects of deregulation?
1
Which sentence BEST describes the types of skills and personal qualities needed in the workplace?
Which sentence BEST describes the types of skills and personal qualities needed in the workplace?
1
In which situation might the Federal Reserve buy government bonds/securities, or lower its discount rate?
In which situation might the Federal Reserve buy government bonds/securities, or lower its discount rate?
1
Patents are important in a market economy because
Patents are important in a market economy because
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How are NAFTA, the EU, and ASEAN similar?
How are NAFTA, the EU, and ASEAN similar?
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A person who favors a protectionist trade policy would MOST likely
A person who favors a protectionist trade policy would MOST likely
1
The Federal Reserve System is made up of
The Federal Reserve System is made up of
1
Use the supply & demand graph above to answer the question.
How much orange juice will be supplied and demanded at the market clearing price?
Use the supply & demand graph above to answer the question.
How much orange juice will be supplied and demanded at the market clearing price?
1
Which of the following are usually the BEST predictors of financial and career sucess?
Which of the following are usually the BEST predictors of financial and career sucess?
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When the value of a nation's exports is greater than the value of its imports, that nation definitely has
When the value of a nation's exports is greater than the value of its imports, that nation definitely has
1
Refer to the production possibilities curve above to answer the question.
A country is currently investing in new technology for all its businesses. What change in the graph shows how this investment will affect production?
Refer to the production possibilities curve above to answer the question.
A country is currently investing in new technology for all its businesses. What change in the graph shows how this investment will affect production?
1
If you switched to an insurance policy with a higher deductible, you could probably expect
If you switched to an insurance policy with a higher deductible, you could probably expect
1
Use the table above to answer the question.
Based on the data in the table, which conclusion is MOST likely?
Use the table above to answer the question.
Based on the data in the table, which conclusion is MOST likely?
1
Use the table above to answer the question.
Which currency appreciated in value from 2006 to 2007?
Use the table above to answer the question.
Which currency appreciated in value from 2006 to 2007?
1
If aggregate demand and real GDP are slowly beginning to rise, and the unemployment rate is just beginning to fall, which conclusion is MOST likely?
If aggregate demand and real GDP are slowly beginning to rise, and the unemployment rate is just beginning to fall, which conclusion is MOST likely?
1
How is monetary policy different from fiscal policy?
How is monetary policy different from fiscal policy?
1
If the government's fiscal policy involves stopping high inflation, which choices should Congress consider?
If the government's fiscal policy involves stopping high inflation, which choices should Congress consider?
1
Use the table to answer the question.
The data shown in the table is a good example of
Use the table to answer the question.
The data shown in the table is a good example of
1
When a society invests in education, it improves its standard of living by improving its
When a society invests in education, it improves its standard of living by improving its
1
Which one of the following groups benefits from high rates of inflation?
Which one of the following groups benefits from high rates of inflation?
1
What is the relationship between a budget deficit and the national debt?
What is the relationship between a budget deficit and the national debt?
1
Saving money for expensive things you want but do not need is a rational economic decision because
Saving money for expensive things you want but do not need is a rational economic decision because