Macroeconomics and Mid term exams.

Macroeconomics         Midterm Exam 1          Name: 1) Famous potent economic expert of the last century?         () rear end Adams                           () Cornwall Stowe         (X) John Maynard Keynes         () John Dempsey Cortwright 2) The destine in which our takes are greater than our postulate?         () Surplus                           () Equilibrium         () flank                           (X) scarcity 3) An economists word for delight one receives from a good or service?         (X) utility(prenominal)                           () Optimum         () Cohesion                           () Pleasure 4) Economics is often genesis ref erred to as the study of?         () Commerce                           () Monetary policy         (X) Scarcity                           () Capital 5) When devil unsettleds such as equipment casualty and request 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                           () symmetry influx         () crepuscle                           (X) Slope 7) The United Sta tes is generally belief to have an_________! economy?

        () unpolluted capitalistic                                    () Pure collective         () Mixed socialistic                                    (X) Mixed capitalistic 8) As incomes in America increase, the demand for sneakers lowers. In this scenario, sneakers are a (n)?         () winner good                                    (X) Inferior good         () Commodity good    Â Â Â Â Â Â                            () inelastic good 9) According to the law of supply, as a price for a good rises, the supply of that good?         () Decreases                                             (X) Increases         () Stays unchanging everywhere time                           () Moderates over time 10) Government subsidies usually 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, rules of order it on our website: OrderCustomPaper.com

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