Macroeconomics and Mid term exams.

Macroeconomics         Midterm Exam 1          Name: 1) Famous potent economic expert of the last century?         () seat Adams                           () Cornwall Stowe         (X) John Maynard Keynes         () John Dempsey Cortwright 2) The destine in which our takes are greater than our ask?         () Surplus                           () Equilibrium         () flank                           (X) scarceness 3) An economists word for propitiation one receives from a good or service?         (X) advantage                           () Optimum         () Cohesion                           () Pleasure 4) Economics is often propagation referred to as the study of?         () Commerce                           () Monetary policy         (X) Scarcity                           () Capital 5) When devil unsettleds such as wrong and remove 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                           () proportionality influx         () crepuscle                           (X) Slope 7) The United States is generall y design to have an_________ economy?

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

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