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11 Cards in this Set
- Front
- Back
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Which of the following is NOT a part of economics?
a)Firms b)Unemployment c)Households d)Government |
Unemployment
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Which of the following is NOT a part of microeconomics?
a) Prices going up b) Low rates of employment in California c) Home building in the U.S. d) Growing wheat throughout the U.S. |
Prices going up
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Which of the following is NOT a part of macroeconomics?
a) inflation b) unemployment in Nevada c) gross domestic product d) none of these |
Unemployment in Nevada
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Which of the following is NOT a part of macroeconomics?
a) High rates of unemployment in Texas b) Growing wheat throughout the U.S. c) Cotton Production d) All of the above |
All of the above
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Which of the following is NOT a part of microeconomics?
a) Recession b) Unemployment c) Total national income d) All of the above |
All of the above
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Which of the following is not a part of macroeconomics?
a)Prices going up. b)High rates of unemployment in U.S. c)Growing sugar throughout the U.S. d)Total national income. |
Growing sugar throughout the U.S.
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Which of the following statements are true?
a)Macroeconomics deals with individual parts of the economy. b)Microeconomics deals with individual parts of the economy. c)Microeconomics deals on a national level. d)a and c. |
Microeconomics deals with individual parts of the economy
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Why do we study economics? Because we have…
a)Abundant resources and limited wants. b)Scarce resources and unlimited wants. c)Abundant resources and unlimited wants. d)Scarce resources and limited wants. |
Scarce resources and unlimited wants
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Which of the following belongs to factor markets (factors of production)?
a)Labor. b)Services. c)Goods. d)All of the above. |
Labor
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Which of the following belongs to factor markets (factors of production)?
a)Goods. b)Land. c)Services. d)None of the above |
Land
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Which of the following belongs to product markets?
a)Labor. b)Goods. c)Land. d)a and c . |
Goods
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