Sin título

Página 1

1.Question :An economy is both a social and a financial system.

Student Answer: True False Instructor Explanation:Pg 17 Points Received:1 of 1 Comments:

Question 2.Question :An economic system is a structure for measuring gross domestic product.

Student Answer: True False Instructor Explanation:Pg 17 Points Received:1 of 1 Comments:

Question 3.Question :The economy, as a system, represents

Student Answer: the non-efficient use of material resources. the flow of resources from production through consumption. the means of production only. the means of capitalistic systems. Instructor Explanation:Pg 17 Points Received:1 of 1 Comments:

Question 4.Question :A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow.

Student Answer: home equity line of credit revolving line of credit fixed rate mortgage loan subprime mortgage loan Instructor Explanation:Pg 18 Points Received:0 of 1 Comments:

Question 5.Question :The government experiences a budget surplus when its tax revenue exceeds its expenditures.

Student Answer: True False Instructor Explanation:Pg 20 Points Received:1 of 1 Comments:

Question 6.Question :Capitalism places paramount importance on the need for the government to intervene in the economy to ensure a fair and equitable distribution of income.

Student Answer: True False Instructor Explanation:Pg 23 Points Received:0 of 1 Comments:

Question 7.Question :Government policies promoting free trade are consistent with the right to free choice, which is fundamental to capitalism.

Student Answer: True False Instructor Explanation:Pg 24 Points Received:0 of 1 Comments:

Question 8.Question :The Federal Reserve is the _____ of the United States.

Student Answer: financial market central bank state business regulator foreign exchange controller Instructor Explanation:Pg 21 Points Received:1 of 1 Comments:

Question 9.Question :Which of the following directly impacts the variety of products and prices in the free market system?

Student Answer: Government pricing policies New product development plans

The constant interaction between buyers and sellers Corporate marketing programs Instructor Explanation:Pg 23 Points Received:1 of 1 Comments:

Question 10.Question :In _____ many firms compete by selling differentiated products.

Student Answer: a monopoly monopolistic competition an oligopoly a natural monopoly Instructor Explanation:Pg 25 Points Received:1 of 1 Comments:

Question 11.Question :In a planned economy the government plays only a minor role in the operation of the economy.

Student Answer: True False Instructor Explanation:Pg 27 Points Received:0 of 1 Comments:

Question 12.Question :The North Korean and Cuban governments still own most of their nations enterprises and actively control the performance of their nations economies.

Student Answer: True False Instructor Explanation:Pg. 28 Points Received:1 of 1 Comments:

Question 13.Question :The U.S. federal government is the nation’s largest employer.

Student Answer: True False Instructor Explanation:Pg 28 Points Received:0 of 1 Comments:

Question 14.Question :Competition encourages companies to operate efficiently and responsively. The government does its part to stimulate fair competition by creating regulations to protect consumers and workers.

Student Answer: True False Instructor Explanation:Pg 28 Points Received:1 of 1 Comments:

Question 15.Question :Today the economies of virtually all nations would be classified as:

Student Answer: pure socialism. mixed economies. pure capitalism. pure communism Instructor Explanation:Pg 28