Ch 2-1 Economics

______________ is the study of choices that people, companies, governments make allocating resources

• Economy

• Economics

• Cash Flow

• Monetary Policy

Economy represents the flow of resources through society

• True

• False

Which of the following is NOT a part what is studied by Macroeconomics

• jobs available

• inflation

• individual customers

______________ focuses on smaller economic units such as individual customers, families, and individual businesses.

• Macroeconomics

• Subprime Mortgages

• Cash Flow

• Microeconomics

______________ is the study of the country's overall economic dynamics, such as employment rate, gross domestic product, and taxation policies

• Macroeconomics

• Subprime Mortgage

• Cash Flow

• Microeconomics

Which was a reason why subprime mortgages were attractive to borrowers?

• Getting a loan was more difficult

• There was more regulation

• Getting a loan became a cinch

• Provided a higher return than other investments