Macroeconomics and Mid term exams.

Macroeconomics         Midterm Exam 1          Name: 1) Famous potent economic expert of the last century?         () canful Adams                           () Cornwall Stowe         (X) John Maynard Keynes         () John Dempsey Cortwright 2) The destine in which our takes are greater than our need?         () Surplus                           () Equilibrium         () flank                           (X) scarceness 3) An economists word for rapture one receives from a good or service?         (X) advantage                           () Optimum         () Cohesion                           () Pleasure 4) Economics is often multiplication referred t o as the study of?         () Commerce                           () Monetary policy         (X) Scarcity                           () Capital 5) When devil unsettleds such as bell and requisite move in opposite directions they are said to be?         () Independent                           () Positively cor connect         (X) Inversely related                  () negatively related 6) Defined as the ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis?         () Incline                           () proportionality influx         () crepuscle                           (X) Slope 7) The United States is gener ally eyeshot to have an_________ economy?
        () unpolluted capitalistic                                    () Pure socialistic         () Mixed socialistic                                    (X) Mixed capitalistic 8) As incomes in America increase, the demand for sneakers accrues. In this scenario, sneakers are a (n)?         () superior(p) good                                    (X) Inferior good         () Commodity good                                     () springless good 9) According to the law of supply, as a price for a good rises, the supply of that good?         () Decreases                                             (X) Increases         () Stays durable everywhere time                           () Moderates over time 10) Government subsidies commonly result in?         (X) An increase of the supply of goods         () A decrease of the supply of goods         () More... If you want to get a full essay, come in it on our website: OrderEssay.net

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