100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Principles of Macroeconomics, Openstax - Exam Preparation Test Bank (Downloadable Doc) $44.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Harvard College
  4.  
  5. Principles of Macroeconomics 2e, Openstax

Exam (elaborations)

Principles of Macroeconomics, Openstax - Exam Preparation Test Bank (Downloadable Doc)

1 review
 64 views  4 purchases

Description: Test Bank for Principles of Macroeconomics 2e, Openstax prepares you efficiently for your upcoming exams. It contains practice test questions tailored for your textbook. Principles of Macroeconomics 2e, Openstax Test bank allow you to access quizzes and multiple choice questions wri...

[Show more]

Preview 4 out of 577  pages

Document information

  • July 4, 2022
  • 577
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

Written for

All documents for this subject (1)

1  review

review-writer-avatar

By: okaymartha777 • 2 year ago

Seller

avatar-seller
tb4u

Reviews received

Content preview

Chapter 1 Test Bank
Multiple Choice Questions
1. In countries like _____________ the command economy predominates.
A. China and Vietnam
B. Cuba and North Korea
C. South Africa and Kenya
D. Germany and France
Answer: B Reference: Explanation: Type: Multiple Choice Difficulty: Medium Category: Remember
2. In which of the following countries will the national government have the greatest influence with respect to the nation's economy?
A. China
B. Cuba
C. Canada
D. Chile Answer: B Reference: Explanation: Type: Multiple Choice Difficulty: Medium Category: Analyze
3. In a command economy, the __________ either makes most economic decisions itself or at least strongly influences how the decisions are made.
A. government
B. market
C. firm
D. business sector
Answer: A Reference: Explanation: Type: Multiple Choice Difficulty: Easy Category: Understand
4. Because of their relatively small national economies, which of the following is most
likely considered to be the most important factor for Belgium, Korea, and Canada to take full advantage of specialization?
A. division of labour B. international trade
C. economies of scale
D. command economy
Answer: B Reference: Explanation: Type: Multiple Choice Difficulty: Medium Category: Analyze
5. In a discussion of economics, which of the following would exert the most influence on an individual firm's decision to hire workers?
A. wage levels
B. the macroeconomy
C. the firm's income
D. household income
Answer: B Reference: Explanation: Type: Multiple Choice Difficulty: Easy Category: Analyze
6. In a _______________________, most economic decisions about what to produce, how to produce it, and for whom to produce it are made by buyers and sellers.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller tb4u. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $44.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77016 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$44.49  4x  sold
  • (1)
  Add to cart