Select one: allocation of scarce resources b. unemployment c.

please help me with these multiple choice questions.please

Economics attempts to solve a wide variety of problems, including:

Select one:

a. allocation of scarce resources

b. unemployment

c. inflation

d. all of the above

e. none of the above

Question 2Question textEconomic systems include all except:

Select one:

a. capitalist system

b. command system

c. traditional system

d. esteem system

e. market system

Question 3Not yet answered

Points out of 2.00

Flag question

Question textMajor goals of economic policy in the USA include all but:

Select one:

a. price stability

b. full employment

c. economic growth

d. random balances

e. environmental standards

Question 4Not yet answered

Points out of 2.00

Flag question

Question textBasic concepts of economics may include all but:

Select one:

a. market equilibrium

b. supply and demand

c. market dividers

d. marginal measures

e. use of graphs and equations

Question 5Not yet answered

Points out of 2.00

Flag question

Question textMarket measures in microeconomics include all but:

Select one:

a. marginal revenue

b. marginal error

c. marginal cost

d. marginal profit

e. marginal revenue product

Question 6Not yet answered

Points out of 2.00

Flag question

Question textA shift in demand schedule can be caused by all but:

Select one:

a. an increase in consumer income

b. a stable market economy

c. a decrease in consumer income

d. an increase in the price of commodity

e. a decrease in the price of commodity

Question 7Not yet answered

Points out of 2.00

Flag question

Question textFundamental macroeconomic concepts include all except:

Select one:

a. unemployment and full employment

b. inflation

c. money

d. horizontal flow

e. the business cycle

Question 8Not yet answered

Points out of 2.00

Flag question

Question textFunctions of money can include all except:

Select one:

a. standard of deferred payment

b. unit of account (price quote)

c. surplus commodity

d. store of value

e. medium of exchange

Question 9Not yet answered

Points out of 2.00

Flag question

Question textCommodity money refers to all but:

Select one:

a. gold

b. shells

c. services

d. cows

e. tobacco

Question 10Not yet answered

Points out of 2.00

Flag question

Question textBasic forms of business are

Select one:

a. corporation

b. partnership

c. proprietorship

d. all the above

e. none of the above

Question 11Not yet answered

Points out of 2.00

Flag question

Question textTypes of unemployment include all but:

Select one:

a. current unemployment

b. frictional unemployment

c. structural unemployment

d. cyclical unemployment

e. seasonal unemployment

Question 12Not yet answered

Points out of 2.00

Flag question

Question textKeys to measuring economic activity include all but:

Select one:

a. Gross domestic product

b. price indexes

c. measures of land usages

d. measure of unemployment

e. meausres of money supply

Question 13Not yet answered

Points out of 2.00

Flag question

Question textOther types of national income accounting concepts include all but:

Select one:

a. net national product

b. national income

c. personal income

d. lost income

e. disposable income

Question 14Not yet answered

Points out of 2.00

Flag question

Question textMeasures of money supply can include all except:

Select one:

a. euro dollars

b. money market mutual fund shares

c. repurchase agreements

d. trade deficits

e. savings (time) deposits

Question 15Not yet answered

Points out of 2.00

Flag question

Question textEquilibrium outputs and income is the income level at which:

Select one:

a. savings and investments are equal

b. the total output of goods and services equals the total quantity of goods and services demanded.

c. which aggregate supply equals aggregate demand.

d. all the above

e. none of the above

Question 16Not yet answered

Points out of 2.00

Flag question

Question textThe object of economics is to allocate abundant resources among competing activities effectively.

Select one:

True

False

Question 17Not yet answered

Points out of 2.00

Flag question

Question textThe economy consists of two primary sectors: foreign and domestic.

Select one:

True

False

Question 18Not yet answered

Points out of 2.00

Flag question

Question textEconomic decisions are based on marginal analysis of output, revenue, profit, and so on.

Select one:

True

False

Question 19Not yet answered

Points out of 2.00

Flag question

Question textMoney is used to buy goods and services and serves as a basis to make an exchange.

Select one:

True

False

Question 20Not yet answered

Points out of 2.00

Flag question

Question textUnemployment is the availability of jobs for people able and willing to work.

Select one:

True

False

Question 21Not yet answered

Points out of 2.00

Flag question

Question text Inflation means a general rise in the price level.

Select one:

True

False

Question 22Not yet answered

Points out of 2.00

Flag question

Question textGross domestic product (GDP) measures the value of all goods and services produced in the economy.

Select one:

True

False

Question 23Not yet answered

Points out of 2.00

Flag question

Question textPrice indexes are used to measure inflation.

Select one:

True

False

Question 24Not yet answered

Points out of 2.00

Flag question

Question textThe largest component of total spending is consumption.

Select one:

True

False

Question 25Not yet answered

Points out of 2.00

Flag question

Question textInvestment has a negative effect on output.

Select one:

True

False