WorksheetsPromoting Growth and Stability
Total questions: 11
Worksheet time: 8mins
Unemployment rates between __ and __ are desirable.
1 and 3
4 and 7
4 and 6
6 and 8
What do policymakers seek to stabilize?
Employment, Growth
Employment, Growth, Prices
Growth, Prizes, Freedom
Growth, Freedom, Time
What is an effect of an increase in technology on an economy
Increase in a company's product possibility frontier
Increase in more technology
Decrease in a company's product possibility frontier
Decrease in technology
How do economics measure the economies well being
Surveying people
Looking at the microeconomics
Looking at the macroeconomics
Calculating the nations GDP
How does technology affect productivity?
It allows for products/services to be produced more quickly with the same amount of resources.
It decreases productivity
It decreases the amount of resources produced
It allows for product/services to be produced but it decreases the amount produced
What is the business cycle?
A cycle in which people work without any gains
A period of lasting contraction
A period of macroeconomics expansion followed by a period of contraction
A period of microeconomics expansion followed by a period of contraction
GDP is....
random statistics
Total value of all final goods and services produced in a particular economy
Partial value of all final goods and services produced in a particular economy
Total value of some selective good and services
Macroeconomics is...
The study of behavior of young adults
The study of the behavior and decision making of individual economies
The study of the behavior and decision of one person
The study of the behavior and decision making of entire economies
technology is...
Process used to produce goods or services
Process used to study others
Used to distribute information
Used to produce goods
Free enterprise systems subjects to business cycles because...
Economic decisions about factors are made the community
Economic decisions about factors are made by the government
Economic decisions about factors are made by individuals and business acting on their own self interests
They are the main target of the community
technology is...
Process used to produce goods or services
Process used to study others
Used to distribute information
Used to produce goods
