
MTEL prep economic questions

Quiz
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Other
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University
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Hard
Griffin Gee
Used 1+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Two adjoining nations will most often become economically interdependent when:
each country has similar topographical conditions and material resources.
the labor force of each country is well educated and highly productive.
each country specializes in the production of different types of goods.
the government of each country is committed to economic diversification.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which argument is typically associated with classical economists?
A market economy is self-correcting and thus will not remain in a recession indefinitely
A market economy has stable prices and thus is usually free from inflation
A market economy requires a strong government to ensure that the market meets the needs of the people
A market economy eventually results in monopolies in both the input and output markets
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In a Keynesian model, an expansionary monetary policy will lead to
lower real interest rates and more investment
lower real interest rates and lower prices
higher real interest rates and lower prices.
higher real interest rates and higher real income
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Under which of the following conditions would a restrictive monetary policy be most appropriate?
high inflation
high unemployment
full employment and stable prices
low interest rates
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The federal government redistributes income primarily by
setting up planning commissions to set wage rates
taxing different income levels at different rates
guaranteeing every person a minimum income through minimum-wage laws
relocating and retraining structurally unemployed people
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An increase in which of the following will increase aggregate demand?
taxes
government spending
the federal funds rate
the discount rate
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The unemployment rate measures the percentage of people
in the labor force who do not have jobs
in the labor force who have part-time jobs but are looking for full-time jobs
who do not have jobs and have given up looking for work
in the adult population who do not have jobs
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