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Economics Final Part1

Authored by Nadianna Ogneff

Education

12th Grade

Used 2+ times

Economics Final Part1
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21 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which kind of decisions involving resources must producers of goods and services make?

allocating

renewing

marginalizing

satisfying

2.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which of these government policies pursues the economic goal of growth?

increasing the money supply

borrowing money using bonds

keeping taxes low

protecting consumers from fraud

3.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is the purpose of a free-market system

to protect the conditions that enable specialization

to stimulate the growth of the gross domestic product

to raise the standard of living for everyone in the country

to allow consumers and producers to make their own decisions

4.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which of these is required to have a free-market system?

Laws against theft, fraud, and coercion

government provisions of public goods

tight control over the money supply

sustainable development

5.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

How does the assembly line benefit the economy?

It enables low taxation

it increases productivity

it keeps distribution cost low

it provides maximum utility

6.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

How does the use of cargo containers benefit the economy?

by decreasing pollution

by preventing protective tariffs

by keeping distribution cost low

by generating renewable energy

7.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which is a producer's goal in using market research

find out what consumers want to buy

drive other companies out of business

make better investment decisions

keep the cost of production low

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