1) Government generally takes responsibility for ____ policy.
a) Microeconomic
b) Moral Impact
c) Macroeconomic
d) Moral Economic
i chose A
2) The most consistent force for economic growth and progress is
a) Government regulation
b) The gross domestic product
c) Technology integration
d) Economic competition
i chose B
3) The gross domestic product is calculated by:
a) Adding all goods and services produced by domestic companies abroad.
b) Adding all tangible goods produced in a domestic economy.
c) Adding all goods and services produced within the nation
d) Adding services produced domestically with goods produced overseas.
i chose D
4) Top-down management of an economy by the government has consistently.
a) produced exceptional results in economic growth
b) created incentives and opportunities for businesses to expand.
c) caused double-digit increases in GDP
d) caused economic slowdowns in an economy
i chose B
5) Besides the Gross Domestic product, other measures of how well an economy is doing are:
a) annual household income
b) government tax rates
c) popularity polls.
d) citations in economic journals
i chose D
6) which of the following is part of the U.S. governments economic safety net?
a) Social Security
b) Blue Cross and Blue Shield
c) Church-affiliated food kitchens
d) National sisters of the poor welfare agency
i chose B
7) Federal taxes have which of the following effects on the economy?
a) if taxes are increased, the economy expands due to a balanced budget.
b) if taxes are decreased, businesses will invest the difference back into the economy.
c) there is no definitive agreement on the effect.
d) lower federal taxes will cause budget surpluses.
i chose B
am i right with the above answers now??? thanks
a) Microeconomic
b) Moral Impact
c) Macroeconomic
d) Moral Economic
i chose A
2) The most consistent force for economic growth and progress is
a) Government regulation
b) The gross domestic product
c) Technology integration
d) Economic competition
i chose B
3) The gross domestic product is calculated by:
a) Adding all goods and services produced by domestic companies abroad.
b) Adding all tangible goods produced in a domestic economy.
c) Adding all goods and services produced within the nation
d) Adding services produced domestically with goods produced overseas.
i chose D
4) Top-down management of an economy by the government has consistently.
a) produced exceptional results in economic growth
b) created incentives and opportunities for businesses to expand.
c) caused double-digit increases in GDP
d) caused economic slowdowns in an economy
i chose B
5) Besides the Gross Domestic product, other measures of how well an economy is doing are:
a) annual household income
b) government tax rates
c) popularity polls.
d) citations in economic journals
i chose D
6) which of the following is part of the U.S. governments economic safety net?
a) Social Security
b) Blue Cross and Blue Shield
c) Church-affiliated food kitchens
d) National sisters of the poor welfare agency
i chose B
7) Federal taxes have which of the following effects on the economy?
a) if taxes are increased, the economy expands due to a balanced budget.
b) if taxes are decreased, businesses will invest the difference back into the economy.
c) there is no definitive agreement on the effect.
d) lower federal taxes will cause budget surpluses.
i chose B
am i right with the above answers now??? thanks