Posted: January 2nd, 2017
Question 1 1 / 1 point In the ____________, households work and receive payment from firms. a) savings market b) financial capital market c) financial investment market d) labor market Question 2 1 / 1 point In a command economy, the __________ either makes most economic decisions itself or at least strongly influences how the decisions are made. a) government b) business sector c) firm d) market Question 3 1 / 1 point Which of the following is generally accepted as a valid criticism of the production of useful goods and services? a) environmental pollution b) the black market c) economic freedom d) government involvement Question 4 1 / 1 point Which of the following best describes a fiscal policy tool? a) household spending b) bank lending c) financial capital markets d) government spending Question 5 1 / 1 point In a discussion of economics, which of the following would exert the most influence on an individual firm’s decision to hire workers? a) wage levels b) household income c) the firm’s income d) the macroeconomy Question 6 1 / 1 point Macroeconomics: a) analyzes mergers and acquisitions between firms. b) is concerned with the expansion of a small business into a large corporation. c) is concerned with the expansion and contraction of the overall economy. d) is narrower in scope than microeconomics. Question 7 1 / 1 point Which of the following best describes a monetary policy tool? a) taxes b) household savings c) government spending d) interest rates
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