Economicsacademic

Changes in monetary policy occur when the Federal Reserve ______.

"Which is the best definition of an economic continuum? A. A scale from 0-100 that ranks economies B. A scale from 1-10 that ranks economies C. A swing that determines the success of an economy D. A prediction about an economy"

"What describes gross domestic product (GDP)? A. Percentage of workers who are out of work. B. Increase in the average level of prices. C. Rate of growth of residential construction. D. Value of all goods and services produced in a country."

Which European country that we've studied is the closest to a pure command economy?

"High government expenditures can lead to a bigger A. revenue B. stimulus C. deficit D. surplus "

One result of the Smoot-Hawley Tariff Act of 1930, which increased tariffs on imports to the United States, was that _______.

"Where should you take the temperature of a baked ham? A. Next to the bone B. On the surface of the meat C. In the thickest part of the fat D. In the thickest part of the muscle"

"If the MPC (Marginal Propensity to Consume) is 0.8, what change in investment spending is required to effect a total change in income of 60 billion? A. 12 billion B. 15 billion C. 20 billion D. 25 billion"

What are the 7 principles of microeconomics?

"Which is an example of an externality? A. The cost to restore habitat in previously destroyed areas. B. The use of the atmosphere for air pollution. C. Tax breaks for high-efficiency appliances. D. Roads maintained with a tax on gasoline."

"How do you find shortage or surplus on a graph? A. Shortage is above the equilibrium price. B. Surplus is below the equilibrium quantity. C. Shortage is below the demand curve. D. Surplus is the area above the supply curve."

"How does scarcity determine the economic value of an item? A. By the amount of goods that are produced B. By the capital required to build the factory C. By the unlimited wants of the consumers D. By the resources consumed in production"

"Which of these is the best example of an externality? A. You decide to stop snacking between meals. B. Your shoe store stops selling your favorite style. C. You enjoy looking at your neighbor's garden. D. Your new bicycle goes faster than you expected."

"Which situation is the best example of opportunity cost? A. A country chooses to produce bananas instead of wheat. B. A country chooses to invest in manufacturing and agriculture. C. A country chooses to specialize in producing paper products. D. A country chooses to export all of its products."

"A trained automobile mechanic would be an example of: A. Capital Goods B. Entrepreneurship C. Human Capital D. Natural Resources"

"When negative externalities are present in a market: A. The market will still maximize total benefits. B. Demand will be too high. C. Overproduction will occur. D. Producers will be affected, but not consumers."

How many cups are 350 grams?

How many teaspoons are in half an ounce?

What is half of 1 1/2 cups of sugar?

How many grams are in a quarter pound (qp)?

Describe how to measure 2/3 cup of sugar using the fewest steps and fewest measuring tools. (Hint: 1 cup = 16 tablespoons; 1 tablespoon = 3 teaspoons)

The table above indicates the production alternatives of two countries, A and B, which produce computers and steel using equal amounts of resources. If both countries always produce at full employment, which of the following statements must be correct? A. B. C. D.

Which of the following will cause the supply curve to shift to the left? A fall in input prices Higher product taxes Improved technology

Given the conversions: 1 Gallon = 4 Quarts 1 Quart = 2 Pints 1 Pint = 2 Cups 1 Cup = 8 Fluid Ounces Choose the correct answer: A. 100 Fluid Ounces B. 8 Pints C. 5 Quarts D. 1 Gallon

How much lime juice concentrate equals the juice of one lime?

How many cups? ## How many ¼ cups are there in ¾ cup?

Convert 10 tablespoons to cups.

How many mL are equivalent to 4 cups?

How many servings of mashed potatoes are in a 5-pound bag?

Who answers the three basic economic questions in a mixed economy?

What is 3 oz in cups?

Give two different measurements that are equivalent to 2 1/2 quarts.

21 grams of sugar equals how many teaspoons?

How many cups of granulated sugar are in a 5-pound bag?

A demand curve enables a firm to examine prices __________. A. in terms of quantity sold relative to the costs to produce the product B. in terms of supply relative to its profits

Does it really help to run hot water over a tight metal lid on a glass jar before trying to open it? Explain your answer.

What is 2.5 milliliters (mL) in teaspoons (tsp)?

What is the difference between complementary and substitute goods? Provide one example of each.

How many cups are equivalent to an 8 oz block of cheese?

How many cups of cooked rice can be made with a 50-pound bag of rice?