Sophia: Microeconomics Bundled Exams Questions and Answers Already Passed

Sophia (Macroeconomics) - Unit 1 Challenge 1 & 2 Latest 2022 Graded A Microeconomics involves decisions made by __________. firms and households Studying macroeconomics helps us learn about the value and limitations of __________, which occurs across nations, typically involving foreign exchange tr...

Macroeconomics-Sophia Questions and Answers Rated A+ Aggregate Demand Total amount of goods and services demanded in an economy at a specific point in time and at a prevailing price level Automatic Stabilizer Government policies that go into effect automatically as the economy slows to counter econ...

Sophia (Macroeconomics) - Unit 2 Milestone Questions and Answers Already Passed Which statement below regarding aggregate demand is true? It expresses an inverse relationship between price level and RGDP. If demand becomes more elastic, which of the following will happen, as demonstrated by the gra...

Sophia (Macroeconomics) - Unit 3 Milestone Questions and Answers Already Solved Which statement below regarding monetary policy is false? Central banks aim for an inflation rate of 5%. What does the expression Y-(C+T) represent? Public savings If the MPC is 0.75 and the government increases spendi...

Sophia (Macroeconomics) - Unit 1 Practice Milestone Questions and Answers Graded A Which statement below about economics is NOT true? It only considers the choices that take place on an individual level. Which of the following is NOT a good reason to study macroeconomics? It can help someone unders...

Sophia (Macroeconomics) - Unit 2 Practice Milestone Already Passed If the price of gold is rising, which of the following can we also expect to be true? Quantity demanded for gold will be decreasing. What will finding out that two of her children have severe peanut allergies cause for Jenna's dema...

Sophia: Microeconomics - Unit 1 Questions and Answers 100% Pass C1: Microeconomics studies the behavior of__________. An economy in its entirety C1: Which of the following is a characteristic of a rational consumer? Rational consumers analyze costs and benefits when making decisions. C1: Economist...

Sophia: Microeconomics - Unit 4 Questions and Answers Already Passed The cost of cleaning up pollution can be measured by all of the following EXCEPT _________. market prices and quantity of goods/services produced. Which of the following statements best describes the minimum wage? It is a price f...

Macroeconomics Unit 3 Challenge 2: Monetary Policy with Complete Solutions The M1 definition of money includes ___________ Physical currency and demand deposits Select the answer below that has the three examples of money in order from most liquid to least liquid. Dollar bills, checking account bal...

Sophia: Microeconomics - Unit 2 Questions and Answers 100% Pass C1: Juan is able to list out the pros and cons of each possible bundle based on his personal preferences to help him decide which is ultimately the best bundle. Which of the following economic principles is Juan exhibiting? Completedn...

Macro Unit 1 Questions and Answers 100% Pass Macroeconomics would include the study of national infrastructures Which of the following statements describes macroeconomics? It looks at the overall ups and downs of the economy. Microeconomics involves decisions made by firms and households Studying...

Sophia: Microeconomics - Final Milestone Questions and Answers Already Passed Which of the following describes the visual representation of the steps that form a process? It plays an important role in efficiency evaluation Which of the following is an intermediate good? Flour used to bake bread in ...

Macroeconomics Questions and Answers Rated A+ What economic rule is generally used in the decision of a regulator to impose a binding price constraint? When the benefit to a specific group of people is greater than deadweight loss If the short run aggregate supply curve intersects with the aggrega...