Tuesday, November 1, 2011

Economic Questions - can not find these - I read and read! Help Me Please


Economic Questions - can not find these - I read and read! Help Me Please!?
Economics+ have 102 questions and can not find these answers!? Need some one really smart Economics help! Please and Thank You!? Economic Question Please help? Out of 102 question I do not know these and can not find them! 1. The fundamental economic problem is inflation. that resources are scarce relative to wants. supply and demand. how to make more money. unemployment. 2. If an economy is experiencing unemployment, it is operating at a point on its PPC. below its PPC. beyond its PPC. at the horizontal intercept of its PPC. at the vertical intercept of its PPC. 3. Which of the following represents the largest opportunity cost of attending college? tuition room and board payments the cost of books and supplies the stress of studying and exams income given up by not working as many hours 4. If a country’s GDP increases from $1m to $2m at the same time prices increase by half (50%), real GDP will rise. fall. stay the same. fluctuate. be unable to be determined. 5. Which of the following would not be counted as part of U.S. GDP? a Mazda MX6 produced in Detroit an Apple computer produced in California a Dodge Intrepid produced in Canada a six-pack of Sam Adams brewed in Pittsburgh a haircut given in Washington D.C. 6. To correct for inflation, GDP numbers must be converted using the price level in a given year known as the base year. real year. current year. constant year. inflation year. 7. The most important key to improvement in the quality of a country’s labor force is a) health care. a) nutrition. a) mobility. a) education. population growth. 8. If the MSC of an additional hour of an activity is greater than the MSB, you should do more of the activity. do less of the activity. not change your level of the activity. do less of another activity. do more of the activity if you like doing it. 9. Which of the following is an organization through which DCs jointly assist LDCs? the World Bank NATO the Federal Reserve NAFTA the WTO 10. To promote development, the governments of LDCs should pursue policies that improve the quality of labor. enhance capital accumulation. raise technology levels. increase efficiency. do all of the above. 11. The fundamental economic problem is how to make money. True False 12. Current dollar GDP can increase while real GDP decreases. True False 13. Inefficiency exists whenever the economy’s output combination lies inside its production possibilities curve. (Points: 6) True False 14. An improvement in education leads to an outward shift in the production possibilities curve. True False 15. Liberal arts education is generally ineffective in improving the quality of a country’s labor force. True False 2 minutes ago - 4 days left to answer. Report Abuse
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wrong section, this is language, not economics but anyways, 1. that resources are scarce relative to wants 2. 3. income given up by not working as many hours 4. 5. a Dodge Intrepid produced in Canada 6. base year 7. education 8. 9. the World Bank 10. do all of the above 11. false 12. 13. true 14. 15.

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