Economics

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Question 1 Easy Mcq

A/an ________ is a device designed to remove particles and pollutant gases.

Question 2 Easy Mcq

A firm can be composed of ______.

Question 3 Easy Mcq

The market system is also known as ___, while the command system is also known as _____.

Question 4 Easy Mcq

In the years following the civil war, ________ became texas's economic mainstay.

Question 5 Easy Mcq

Dave's opportunity cost of producing 1 pound of green beans is ______ pound(s) of corn.

Question 6 Easy Mcq

When gross domestic product (gdp) increases, national income ________ and national output ________.

Question 7 Easy Mcq

Built-in, or automatic, stabilizers work by changing ______ so that gdp changes are reduced.

Question 8 Easy Mcq

The primary motivation to develop the new renewable energy sources comes from ________.

Question 9 Easy Mcq

Firms ________ in output markets and ________ in input markets.

Question 10 Easy Mcq

Market, planned, and mixed are three basic types of _____.

Question 11 Easy Mcq

As of 2011, the nation leading in generating wind-power is ________.

Question 12 Easy Mcq

Bigmen are self-made leaders who gain power and authority through personal achievement.

Question 13 Easy Mcq

A(n) _____ organization depends heavily on an informal structure of employee networks.

Question 14 Easy Mcq

An inferior good is one for which a(n) _____ in buyers' income causes a(n) _____.

Question 15 Easy Mcq

The demand will be _______________ if the consumer has _________ substitute goods to choose from

Question 16 Easy Mcq

Pollution from a factory that produces cleaners is a(n) _____ of the production process.

Question 17 Easy Mcq

In the case of radio, the ______ problem is partly overcome through the use of advertising.

Question 18 Easy Mcq

A ________________________ is a form of incentive to purchase a product on a 30 day trial basis.

Question 19 Easy Mcq

Which group’s productive resources are primarily simple handmade tools and knowledge of the land?

Question 20 Easy Mcq

Staffing can be considered a cornerstone of human resource management because it ________.

Question 21 Easy Mcq

________ is defined as leaders diverting national resources for their personal gain.

Question 22 Easy Mcq

Which of the following types of reciprocity involves a clear obligation to return, within a specified time limit, goods of nearly equal value to those given?

Question 23 Easy Mcq

Household is a group of people united by kinship or other links who share a residence and organize _____ among themselves.

Question 24 Easy Mcq

Under a capitalist economic system, what is an individual’s primary economic resource?

Question 25 Easy Mcq

A bank holds its reserves as ________ and ________.

Question 26 Easy Mcq

Markets distribute goods and services based on _____.

Question 27 Easy Mcq

The two main responsibilities of the federal reserve system are to ______ and to ______.

Question 28 Easy Mcq

Photovoltaic electricity costs are __________ coal or nuclear-powered electricity.

Question 29 Easy Mcq

A government buys its own securities on the open market when the ________.

Question 30 Easy Mcq

As a business type, corporations ________ in the united states.

Question 31 Easy Mcq

Transportation efficiency refers specifically to ________.

Question 32 Easy Mcq

Technological __________ in american agriculture has __________ other types of employment.

Question 33 Easy Mcq

_____ is the study of the ways in which the choices people make combine to determine how their society uses its scarce resources to produce and distribute goods and services.

Question 34 Easy Mcq

Pure monopolies are said to be allocatively inefficient because ____.

Question 35 Easy Mcq

____ and ____ are the two basic organizational structures associated with logistics.

Question 36 Easy Mcq

The government imposes regulations that reduce pollution. its incentive is to _____.

Question 37 Easy Mcq

Open market sales ________ reserves and the monetary base thereby ________ the money supply.

Question 38 Easy Mcq

A mixed economy has more _____ than a free market system does.

Question 39 Easy Mcq

Investment spending ________ during a recession, and ________ during an expansion.

Question 40 Easy Mcq

In the short run, ______ determines output, and in the long run ______ determines output.

Question 41 Easy Mcq

____ perform an important ""middleman"" function by linking sellers and buyers overseas.

Question 42 Easy Mcq

The problem of pollution typically arises in ______________ economies around the world.

Question 43 Easy Mcq

Economics is the study of how a society _______________.

Question 44 Easy Mcq

If a competitor reverse engineers a trade secret, then the competitor is ________.

Question 45 Easy Mcq

______________ believe that there is only a small amount of crowding-out if any at all.

Question 46 Easy Mcq

Rent control sets the _____ amount of rent that a property owner can charge.

Question 47 Easy Mcq

Going to a concert, getting a haircut, and going to the doctor are examples of _____ .

Question 48 Easy Mcq

Kula Ring is a pattern of exchange among trading partners in the _____ Pacific islands.

Question 49 Easy Mcq

______________ is the economic or productive potential of employee knowledge and actions.

Question 50 Easy Mcq

Pure competition is important to economists because it is __________________ .

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